When it comes to buying insurance, life insurance is one the last things many consumers tend to purchase. In fact, many believe they don’t need to buy life insurance until they get older. But according to Comaltex Insurance Agency—a local independent insurance provider in New Braunfels, TX—age isn’t necessarily the best indicator of when you should buy life insurance.

Instead, life insurance should be bought when people depend on you and your income to survive. In the event you should die early, life insurance will help cover the standard of living your family has become used to.

So while many people wait to get life insurance until they are in their 30s or 40s, Comaltex Insurance Agency recommends using your family as a good indicator of when you should buy a policy. For instance, if you are in your 20s but are married and have children, you should invest in life insurance to ensure they are provided for in the event of your death. This is especially true if you are the sole breadwinner of your family. If you are single, however, and no one depends on your income except for you, you may not need to buy life insurance.

Buying life insurance while you are younger, however, does have its benefits, even if no one depends on you financially at the moment. For example, younger individuals who are in good health tend to have to pay less in premiums than what an older person in poor health would have to pay.

While life insurance can be a big decision, it’s an important one to make. If you’re interested in exploring your life insurance options, contact Comaltex Insurance Agency at (830) 625-7511 or visit them online.