What is the right age to buy insurance?

The ideal age that we advise you to buy insurance is as soon as you turn 18 years old. This helps you accumulate the cumulative benefits over a period of time, so that you can enjoy higher maturity benefits by the time the policy matures.

The Earlier you Purchase the Plan, the Better it is For You

When it comes to deciding when to buy, the younger you are when you buy life insurance, the better. Here’s why we highly recommend that you purchase life insurance premiums as early as you can.

When you purchase life insurance at a young age, you enjoy lower premiums. As you get older, you are more likely to have health problems, making you a high risk customer for the insurance company. As a result, the insurer charges you higher premiums. In some cases, you may even be ineligible for a plan after a certain age.

The Ideal Time to Purchase Insurance is Soon as you Start Earning

As the younger generation are faced with mortgages, car payments, and student loan debt, they tend to put off buying life insurance. While dealing current debt is critical, missing out on buying life insurance at a young age has a significant economic impact, much like delaying saving for retirement. The sooner you purchase it, the better.