How old should you be to get life insurance?

Life Insurance
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That is a great question--and a common one. Please see the answers that David and Jason posted as they are both well done and very informative.

In my opinion life insurance has very little to do with your age. It really is a factor of do you have anything or anyone that you want to protect financially when you die. I will say that age does have a significant impact on insurability and RATES. Most people will have a decline in health as they become older and their coverage will get more expensive if they wait to apply. Even if you have a healthy lifestyle, factors such as elevated cholesterol and even hypertension (high blood pressure) will often rear their ugly heads. These conditions generally will not prevent you from getting insured, but they will hit your wallet a little bit harder...

When you have a chance you will want to explore the differences between term and permanent life insurance to see what is best for you. Good luck!

August 2016
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