It may seem early but starting life insurance young can save you money in the long run. Premiums are often lower when you’re young and healthy, and it ensures that your loved ones are protected.
Lower premiums: Insurers offer lower rates for younger, healthier individuals.
Long-term protection: A policy you start early can continue to provide coverage as you take on more responsibilities.
Critical for dependents: If you have dependents, life insurance provides financial security in case of the unexpected.
Other insurance covers may be added to your policy to include Income Protection, Trauma and Total Permanent Disability. Starting down this track early, again, can mean lower premiums and more acceptable underwriting terms, which can set you up well for your future.
Want to learn more about setting up your life insurance? Get in touch with the Carrick's team today.
