When Should You Buy Life Insurance

When should you buy Life Insurance; and, how much?

The best time to buy life insurance is when you’re young and healthy. (However, if you’re neither of those, it’s still worthwhile to buy a policy.)

Most experts recommend that consumers buy a policy with a death benefit equal to 10 to 12 times their annual income & a term long enough to cover living expenses and future financial liabilities, such as mortgage payments and college tuition.

The cost of the policy — and the pricing of your monthly or annual premium — is primarily determined by the length of the term and the size of the death benefit, although there are other factors that come into play, such as your health and age, your gender, whether you’re a smoker & where you live.

For all of your Life insurance questions, call or contact me at cory@bigcory.com. (707) 419-5787 or you can fill out the contact form on bigcory.com