When Should I Get Insurance?

• Coverage is most affordable when you’re young and healthy

• If you die unexpectedly, your loved ones could face financial hardship. Life insurance can offer protection, but getting coverage can seem confusing as you juggle all of life’s other responsibilities.

• How do you know when you need life insurance, and what should you think about as you evaluate coverage?

• The best time to get insurance is often when you’re young and healthy, but it can be helpful in other situations as well. We’ll review why buying early is best, and we’ll highlight several situations when life insurance might be important.

 

Key Takeaways

• Health insurance provides financial protection in case you have a serious accident or illness. For example, a broken leg can cost up to $7,500. Health coverage can help protect you from high, unexpected costs.

• Dental Insurance is a must have, dental health is an important part of your overall health.

• Even if you get insurance from your job, you might need additional coverage, or you might want your own policy.

• While people with children often need life insurance, it can be helpful in other situations.

• Coverage is typically most affordable when you are young and healthy.

• Life insurance can provide essential funds to prevent financial hardship, even while you’re still alive, in some cases.​