The last thing many of us millennials think of doing is signing up for life insurance. That would only make sense since we’re also putting off buying homes, having children, and so on.
However, getting life insurance while you’re still young is crucial to locking in a good rate, while also being financially responsible. Life insurance premiums are generally the lowest when you’re a millennial, primarily because you’re still deemed as being in a good state of health.
When you wait to get life insurance later in life, premiums will be significantly higher. When you lock in a rate when you’re in good health, your rates will always be based on when your policy was purchased, which is incredibly important if say, you were to get some kind of illness or disease down the road.
Who do you think gets the best insurance rate? I was surprised to see the answer!
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