Buying life insurance in your 30s is often one of the most practical and affordable times to financially protect your loved ones. Yet, so many people overlook the importance of securing such protection. After all, you may be distracted with bills to pay, a career to consider, and life to enjoy. However, your 40-year-old self will thank you for spending a few minutes securing life coverage in your 30s. Here’s why.
In your 30s, you may find yourself buying a house, getting married, or starting a family. You may already have plenty of financial responsibilities. If you have dependents who rely on your hard work and income to survive, then you need a life insurance policy that will step in to help when you are gone. Life insurance can be used to pay for the mortgage, child care costs, everyday living expenses, and more.
Believe it or not, but the average funeral ranges from $7,000 to $10,000. Unless you know your family could handle this sort of expense without a blink of an eye, then life insurance is incredibly important. This valuable coverage can help your family pay for your funeral, leaving them to process their grief without worrying about money.
Your health plays a significant role in your ability to get life insurance and the rate you pay for it. Healthier, younger adults pay less than older people with health conditions. In short, the younger you are, the cheaper the policy. Lock in a low rate now.
Do something today that future you will be thankful for. Talk to the professionals at Abbate Insurance. When looking for life cover that makes sense for you. We can help you secure the right life insurance for your needs and budget in New Haven, Connecticut.