When you are young, the risk of disease is lower, so insurance companies offer lower premiums. As you age, the cost of insurance grows due to increasing health risks.
Purchasing insurance at a young age provides longer-term coverage, which is especially important for those who have families or plan to start one.
Younger people tend to be healthier, which makes it easier to pass the medical exam required for many types of life insurance and reduces the likelihood of coverage being denied.
Some types of life insurance offer an investment component that can grow over many years. Investing at young age gives your investment more time to grow.
Buying life insurance early is essential for overall financial planning allowing you to be better prepared for future life events and provide financial security for yourself and your loved ones.
Source: https://finance.yahoo.com/news/m-life-insurance-expert-best-150039762.html
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