The secret of life insurance: get it before you need it
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You’re young and healthy, and life’s major milestones like having kids and buying a house are still in front of you. So why should you get life insurance? The reality is there’s no better time than right now.
It will never be easier.
We get it. It’s the last thing you want to think about at this point in your life—especially if you’re healthy. But here’s the thing: the best time to get life insurance is before you feel like you need it. The unexpected inevitably happens. And even temporary conditions or lapses in good health can affect your ability to qualify at an affordable rate.
Applying while you’re in good health can get you a lower premium. This allows you to make a big impact on your future, while putting a smaller dent in your income now. These days, it’s also quick and easy to get the process started. Filling out the form for a free quote takes minutes, and you can apply for a policy online.
Life happens fast.
If you don’t have children or dependents, planning for a life down the road where you do can feel a little abstract. But we don’t need to tell you that a lot can happen in just three to five years. That’s more than enough time to go from living on your own to having a family to look after. And in this hypothetical future, you’ll have a lot on your plate. You’ll appreciate not having to worry about getting insurance now that you really need it.
Savings over time.
If you apply for life insurance when you’re younger, your premium will likely be lower. The difference in cost between getting a policy in your twenties and waiting until your forties can be significant. Yes, you’ll have a monthly payment earlier, but we’re talking about something that you may have for life. When you look at the big picture, the long-term savings can outweigh the early investment.
Plus, with new, life insurance innovations like The John Hancock Vitality program, you can save even more on your premium and earn rewards just for the healthy choices you’re already making.
Set it. But don’t forget it.
So, you’ve decided to be proactive and started a life insurance policy. You’re done, right? Set for life? It’s actually not that simple. When you reach those major milestones of homeownership, parenthood or even retirement, it’s important to consider whether you need to expand your coverage. As your life grows and evolves, so should your life insurance.
Need more answers and inspiration? Get some life insurance basics here and be sure to check out all of our helpful Ideas & Insights articles.
Insurance policies and/or associated riders and features may not be available in all states.
Vitality is the provider of the John Hancock Vitality Program in connection with policies issued by John Hancock.
Insurance products are issued by: John Hancock Life Insurance Company (U.S.A.), Boston, MA 02116 (not licensed in New York) and John Hancock Life Insurance Company of New York, Valhalla, NY 10595.
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