Life insurance is not something that most people look forward to having to research and eventually purchase. But there come’s a time when it’s necessary in order to ensure the well-being of your family and your legacy. Here’s when you should start looking for life insurance:
Consider Life Insurance Before Kids
One of the main reasons our customers say they sign up for life insurance is because they are starting a family. A good time to start looking at life insurance would be when you have your first dependent—whether it is a spouse or child. We also strongly recommend actually having your Maryland life insurance policy in place when you start trying to have children as opposed to waiting for when they arrive. This will ensure your loved ones will be financially secure if anything does happen to you.
Life Insurance is Cheaper when you’re Younger
The general rule of thumb is the younger and healthier someone is, the lower their monthly rate would be for life insurance. This is simply because you are a much lower risk to the life insurance company as you’re less like to die due to health complications during your life insurance policy. This means, if you’re considering getting life insurance, it’s best to do it sooner rather than later so you can get locked in to a lower rate.
Does your Work Offer Life Insurance?
Employers all across the U.S. are offering life insurance as a way to give more benefits to their employees. Be sure to evaluate the life insurance policy offered by your current employer before branching out to get your own personal insurance. You may be able to save some money if your employer is willing to pay for your life insurance, but sometimes the policies aren’t as extensive as a private life insurance policy. To compare the two, give your local life insurance company a call and compare their offerings to what is offered by your employer.
Insurance Bundling Discounts
If you currently have an auto insurance policy or home-owner insurance policy through an insurance company, it’s a good idea to ask them what type of bundling deals they offer if you add on life insurance. In fact, it makes more sense to get in touch with an independent Maryland insurance agency as they can compare bundled life insurance policies from multiple different insurance providers to get you the policy that best fits your needs.
For more help with finding a life insurance policy that fits your needs, get in touch with a local Maryland insurance agency. Freedom Insurance Agency is a local, independent Maryland insurance agency that has provided a well-informed and service-oriented approach to insurance since 1979. To get a quote on your life insurance policy, give Freedom Insurance Agency a call at 410-795-2000 or fill out the form on our website, today!