With everything that is going on in the world right now, you’re probably not thinking about life insurance. In fact, it might be the furthest thing from your mind. On the other hand, it might be something you’ve been putting off, but the current state of world is making you think about your future now more than ever.
Either way, it’s the perfect time to act: You’ll never get a better deal on life insurance than you will right now, while you’ve still got your health. You’ll never get any younger than you are right now, and the sooner you do it, the lower your premiums will be.
That means, by getting in early, you’ll be protecting your loved ones at the best price possible.
Also, keep in mind that term life insurance is probably cheaper than you think. For example, rates start at just $8 a month at a company called Bestow.
If you’re under the age of 54, you can get a free quote without a medical exam — or even getting up from the couch.
With Life Insurance, It’s Smarter to Act Sooner Than Later
Maybe you don’t want to think about life insurance right now. But think about leaving your family $1 million, and the security of knowing they’ll be taken care of.
“Life insurance is a difficult topic for many to think about, and so it is often avoided or forgotten until it’s either too late or too expensive,” says Kerri Moriarty, a financial business strategist based in Boston.
“Premiums only increase as you get older, and you are likely the healthiest you’ll ever be now. Term insurance is an affordable way to get started with a death benefit that can cover you through the most important upcoming years — a mortgage, children, etc.”
So have you thought about how your family would manage without your income after you’re gone? How they’ll pay the bills? Send the kids through school?
Now’s a good time to start planning for the future. To get the best deal, get a policy while you’re healthy.
Getting a quote from Bestow takes minutes.
Mike Brassfield (firstname.lastname@example.org) is a senior writer at The Penny Hoarder.