A key aspect of purchasing life insurance is deciding when to get coverage. This decision is affected by your age, health, and the costs of insurance. For this reason, it’s generally best to purchase life insurance at a younger age. Getting life insurance when you’re older is more expensive and a pre-existing condition may disqualify you from being able to purchase the appropriate amount of coverage.
It’s best to get coverage when you have loved ones that you need to provide for after death. Life insurance can help pay for estate taxes, cover final expenses, and create an inheritance for beneficiaries.
