It might seem too soon to start thinking about life insurance when you only graduated a few years ago – or just started your first “real” job, but in reality it’s not. That’s because even if you are young or single, you should be prepared if something happens to you.
You don’t want your family – including your parents – to have to pay any debts you leave behind. If you have an outstanding balance on your credit cards, a loan that someone has co-signed for, a mortgage on your first home, or a loan from family to make the down payment, now is the perfect time to consider life insurance.
The younger you are when you buy life insurance, the cheaper your coverage will be and your premiums will not increase for the term you choose.
Purchasing life insurance when you are young and healthy – and keeping it – guarantees that you will be covered no matter what happens to your health in the future.