Convinced that you’re too young for life insurance? Think again!
Here’s a reality check. The sooner you get life insurance the more you’ll save. Plus the younger you are when you get life insurance the more your dependents will be paid out.
Although there are many factors that determine life insurance premiums, age is one of the most critical components (if not the most critical) − which makes it a strong case for you to start your life cover as early in life as possible.
The younger and healthier you are, the cheaper it is.
Why? When a life insurance company negotiates an applicant, they focus on when the applicant is most likely to make a claim in the future. Because when it comes to life insurance, death is the ultimate risk the company takes, and the death of an applicant requires the company to pay out a death benefit.
There is a strong correlation to health and age since most chronic conditions develop later on in life, and begin to show up after the age of 30. This means that the opposite is true too, meaning that excellent health and youth are closely connected. For this reason, it is most likely that you’ll get a lower premium the younger you are. So start your affordable life Insurance today.
Still not a priority?
You may agree that as you begin to become an adult, your life comes with added financial priorities. Priorities which extend to your family. It is never too soon to start taking care of potential future life insurance needs, and since many life insurance policies start from under R200 per month (and even less depending on your age) you can easily add these to your budget now.
Your life insurance company wants you to live as long as possible.
Being young and healthy will not only keep your premiums low but will enable you to take on more insurance coverage later on when you have a family that is dependent on you. Additionally, if you get sick, you will skip the risk of higher life insurance premiums in your later years.
Basically, It’s really not just a matter of whether you need it or not. You actually benefit from it, and the younger you are, the more your beneficiaries will get out.
So what are you waiting for, click here to get an instant quote, and start taking care of you and your family’s (or future family) future today.
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