When To Get Life Insurance
There are several types of insurance that play a role throughout our lifetime. One of these is life insurance. While this type of coverage may seem unnecessary to some when they’re young, there are benefits to getting it sooner rather than later in life. At Daniel Carinci Agency, LLC, serving Pittsburg, PA, our agents will review the coverage and benefits you will want to consider.
Why Consider Life Insurance When You’re Young?
As a young adult in good health, one of the key benefits to consider for getting a life insurance policy is that your premium will be significantly lower than when you’re older. If you wait until you are older, the cost of your life insurance premium could double or triple.
Whether you buy a policy that is for a set term (10, 20, or 30 years) or for your whole life, the initial rate you start with will remain unchanged throughout the policy’s duration. In other words, your life insurance rate is locked in and will not increase over time.
As you age, health conditions may develop. With a life insurance policy already in place, you won’t need to worry about being denied coverage when applying for a policy.
Peace of mind is important at any age. A life insurance policy provides financial protection for your family, as well as coverage for outstanding debts, loans, and final expenses.
And if you choose a whole life or universal life policy, offering lifetime coverage, it can have a cash value that grows over time. You have the option to borrow against the accrued value when you need it.
Contact Us
For a quote and more information about getting a life insurance policy and how it can benefit you throughout your lifetime, contact us at Daniel Carinci Agency, LLC, serving Pittsburg, PA.
