Life insurance isn’t a topic that comes up often, especially when you’re young and healthy. You might think you don’t need a policy and that you can wait until you’re older to make decisions about coverage. However, making a decision right now might be in your best interests.

Health & Age Affect Costs

When purchasing a policy, the insurance company you’re working with will look at certain qualities to determine the price. Age and health status are significant factors in these calculations, as an older person with health conditions is considered to be a higher risk to insure. As a result, these people are often charged more than those who are young and healthy. 

If you purchase a policy today, you’ll lock in a low price based on your current age and health. If you wait until you’re older, you could be looking at much higher costs.

Life Insurance Offers More Than a Death Benefit

Life coverage is crucial for people with families. When you die, your policy will offer funding for end-of-life medical costs, funeral expenses, and income replacement. This money can also be used to pay for your surviving spouse’s retirement costs or ensure your kids can go to college. 

Depending on the policy you buy, your life insurance can even be beneficial  while you’re still alive. A whole life policy has a cash value component that grows as premiums are paid. You can borrow against this component to fund for a new business or buy a home. This cash value can also be used as an inheritance for family members after you’re gone. 

What's the best age to buy life insurance? According to the team at Omega Insurance Group LLC in Lincoln, NE, the best time is right now. These skilled agents are here to answer your coverage questions and will find you an affordable policy that offers the right protection. As an independent agency, they shop around their large network of carriers to find the best deals. Because they’re locally owned and operated, all clients can look forward to quality customer service. Call (402) 465-1167 to get started on a free quote, or visit them online for more information on life coverage.