Whether you are a 25-year-old just starting out or a 65-year-old who is nearing retirement, there is never a bad time to get life insurance. While you may think that you can’t get as good of a rate or as much coverage as you get older, that may not be the case. Working with your local Fort Myers insurance broker, you can get access to quotes from a variety of companies that meet the needs of a variety of customers.
Why You Should Buy a Policy Regardless of Your Age
While you may think that you don’t need life insurance to cover expenses in the event of an emergency, you should consider how your family could benefit from your policy. If anything was to happen to you, you can grant a spouse access to the cash value of the policy or pass it on to one of your heirs. This could help your child put a down payment on a home or help start a college fund for your grandchild, which can help their quality of life in the long-term.
You Never Know When an Accident Can Happen
Even if you are healthy or have adequate savings to deal with a medical issue, you never know when an accident could happen. Who is going to pay your bills and debts and how will they be paid? Furthermore, can you be sure that your expenses will be paid by the person or entity tasked with overseeing your finances in the event that you are no longer able to make those decisions? With a life insurance policy, you know that end-of-life and other expenses will be paid in a timely manner and paid in full.
Don’t Worry About Pre-Existing Conditions
You may think that a pre-existing condition could make it impossible to get a life insurance policy. However, speaking with a knowledgeable broker about a life insurance policy may turn up options you had no idea existed, and get you the coverage that you need without breaking the bank. The only way you’ll ever know is to schedule an appointment and find out. Term life policies are generally cheaper because they often lapse without the policyholder making a claim. While you may think that you are paying for something that you won’t use, you are actually paying for peace of mind, which is invaluable.
If you are thinking of ways to safeguard your finances now, in the future and for future generations, it may be a good idea to get a life insurance policy. Regardless of how old you are, there are policies out there that can give you the coverage you need at rates that might surprise you. Talking to an insurance broker may be the first step on your journey to getting adequate coverage.