The pressure in today’s society to attain all things material has caused us to forgo the future for the here and now.

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The thought of investing in Insurance is often chucked aside and many do not see its value until it is too late. Do not make the same mistake!

In your 20’s, you are youthful, happy-go-lucky, and probably think you are  immortal: No harm can come your way. At this point you feel that life insurance is just for old people, and can be put off until later.

In your 30’s, you are a full-fledged career person. You may be already married with children, who depend on you for support financially, physically, and emotionally.

In your 40’s, you most probably have gotten a promotion and a pay raise. But you have your mortgage and other debts to clear and your children are growing up fast. Imagine who would take care of them if something were to happen to you, the sole breadwinner of the family? Who is going to cover these expenses without a life insurance coverage?

In your 50’s, retirement is right around the corner. Your probably have to adjust your premiums, adding more value to increase your coverage. Certain health conditions are creeping up on you.

In your 60’s, you are having more serious health conditions. If you did not invest in life insurance earlier, you’re probably regretting it. Premiums are now higher than ever. Even if you try to invest in one, you may get rejected by the underwriters due to your pre-existing health conditions.

As shown above, it is essential to get covered while you are still young and healthy. Life insurance is generally the cheapest then. So why wait until later, when it will likely cost you more? If you have a family, and mortgage and debts to clear, you do not want to pass on the burden to them after you are gone, do you?

Notice that the terms “invest” and “contribute”, and not “buying” and “pay”, are used when referring to life insurance and its premiums. I believe that having life insurance is a long term commitment. One must agree to invest one’s time and effort into it by contributing regularly.

Nobody can predict the future. But life insurance has the ability to change lives for the better if and when unforeseen circumstances do  occur.

So if you want to get covered and not have to pay an extravagant sum, stop procrastinating. Protecting you and your family’s financial future is an important task for your well-being!

Disclaimer: The above article is not to be construed as financial advice. Speak to a licensed financial adviser for a better understanding of your financial situation.

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