3 of the best times to buy life insurance

on Dec 02, 2022 02:02:PM

Life insurance offers policyholders unique financial protection after they have died (in the form of payment to their beneficiaries) and, depending on their policy type, access to cash while they're still alive. For its economic protections - and the peace of mind it provides - many financial advisors would recommend securing a robust life insurance policy. 

Life insurance is beneficial for Americans at varying stages of their life, however, there are better times to purchase a plan than others. By getting a policy during some specific times you can improve your chances of getting comprehensive care at a low cost.

3 of the best times to buy life insurance
Life insurance can be valuable to have at many stages of your life. But if you're looking to get the most return on your investment, it helps to act during one of these three times:

When you're young
Life insurance is often thought of as something you'll need later in life and can afford to skip when you're young. But that's actually the opposite of what you should do. 

When you've bought a home
The biggest bill most American adults have to pay each month is their mortgage. 

Despite home prices varying from state to state, the median home price in the U.S. actually rose 6.6% in October from a year earlier to $379,100. 

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