Logic Insurance, Best Life Insurance - There is really no pre-determined get older when it out of the blue becomes necessary to take out a life insurance cover. However, if you'll find people who rely on your income - especially children or even a spouse - there's a major benefit to committing to a policy when you are young.
When you take away a policy inside your 20s or 30s, the provider takes into account that you're paying premiums for a number of years when, statistically, there's relatively little risk that they may have to spend.
Unfortunately, that risk increases a little with each passing year. It stands for you to reason that youthful policyholders can now you should lower premiums versus aged.
However, it won't necessarily follow that each 25-year-old should come to an end and get insurance policies. From a monetary standpoint, it really doesn't seem sensible unless you curently have dependents.
Even if the policy has an investment component - as is the case with whole life products - most of the premium will go toward insurance you don't really need. You're probably better off putting that money straight into an investment consideration.
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