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Slide 1: When Is the Right Time to Buy Life Insurance? When is the right time to buy life insurance? One answer could be right now! Right now is a good time to consider purchasing a life insurance policy. It is a well-known fact that the sooner you purchase a life insurance policy, the better chance you have of getting the best rates. Most young people don’t think about death. Neither do they have dependents to worry about if they should die in unforeseeable circumstances. But purchasing a policy when you are young and single could be one of the wisest decisions you make. This age category gets the best preferred rates. Think about it. The younger you are, the healthier you are. If you choose a level term life insurance policy, say, for a term of 20 years, premiums remain stable throughout the entire term period. By choosing a large coverage that would cover your future family’s needs as well, you would not need to think about life insurance until you are well into your 60s. At this stage in life you may not need life insurance at all since all your financial obligations would most likely, be met. The right time to purchase a life insurance policy would definitely be at every milestone in your life. Marriage is a good time to think about buying a policy, especially if you are starting out with loans and mortgages. Having a life insurance policy in place at this time would certainly not offset the grief of a bereft spouse but it would certainly not compound the grief by overburdening debts that have been left behind. Another “right” time to buy life insurance would be when you have your first child. You may want to purchase a house or start saving for college education. If the bread earner of the family were to die prematurely, this may affect the financial future of your children. You can still provide for their needs, long after you are gone, through the proceeds of your life insurance policy that your family would receive. If you are in a high-risk health category or suffer from any medical condition or disease that could grow worse over the years, you should definitely think of insuring yourself at the earliest. Consider purchasing a policy that guarantees you can increase your insurance coverage without having to improve your insurability. Whether you are healthy and young, or suffer from serious health conditions, if you want to find the best life insurance policy at the most affordable rates, you need to shop around. Going from company to company collecting life insurance quotes is not feasible for most people. A good way to get multiple quotes is through a reliable online life insurance quote provider. Make sure you use one which is accredited by the Better Business Bureau (BBB). Such providers have hundreds of reputed life insurance companies on their databases. They can provide you with instant quotes with credit ratings that you can use for comparative study. Look for free riders as well that could prove useful later on. Quotes are provided free of cost and there is no obligation to purchase. Remember, premiums increase significantly as you age. Buying a life insurance policy sooner rather than later is something you should consider now.