People in their early to mid-30s usually take a more serious approach to the future and the protection of their families.
When the primary breadwinner passes away and does not have financial protection, the surviving family is stressed about figuring out how to pay final expenses, settle personal debts, and afford living expenses.
One way that people can ease their minds and the minds of their loved ones is to purchase a life insurance policy.
This policy will pay out when the holder passes away, providing a lump sum of cash that can be used to handle these unforeseen expenses.
The perfect age to begin considering life insurance options and purchasing a policy is around 35.
Most people in their mid-to-late 30s are in good health, making it easier to qualify for life insurance and helps them secure a lower premium rate.
Additionally, many applicants around the age of 35 find that there are some other life insurance options available to them that are just as affordable as the standard life insurance policy options on the market.
Is Life Insurance Affordable at 35?
Most 35-year-olds are healthy and active, making them the perfect candidates for affordable and comprehensive life insurance coverage.
Life insurance providers are much more comfortable offering younger, healthier applicants life insurance policies since there is a lower chance they will cash out the policy early on.
Click To Compare QuotesBecause of this, insurance companies often offer those around 35 the best insurance premium rates, helping to make it affordable on most budgets.
Will I Qualify for Life Insurance Coverage Over 35?
Since many individuals around age 35 are healthy, it is much easier for them to qualify for life insurance coverage.
Insurance companies are usually interested in an applicant’s overall health.
The healthier the individual is, the easier it is for the company to offer comprehensive life insurance coverage.
People in this age bracket are rarely taking medications for diabetes, high cholesterol, or high blood pressure, which helps to improve approval for a low premium payment.
What Additional Options are Available to Applicants Age 35?
While regular term life insurance is the most popular and basic choice in life insurance coverage, applicants age 35 actually have a number of other options available to them that can be just as affordable.
Some of these additional options include Whole of Life Insurance, Return of Premium Insurance, and Universal Life Insurance, just to name a few.
Any of the policies listed here would be suitable alternatives to regular term life insurance and should be strongly considered.
Since individuals are relatively healthy in their thirties, these alternative, and sometimes more robust, options could be just as, if not more affordable, than a standard insurance policy.
Click To Compare QuotesYour primary focus should always be getting enough life insurance coverage to make sure the family is financially secure should you pass away unexpectedly.
Remember to shop around. When you know what type of policy and how much coverage you need, you can easily gather quotes from several different insurance agents to find the best possible deal on your life insurance.
Can Someone Help Me Find the Best Options?
If you are having difficulty determining what the best life insurance option is for you, you can seek the guidance of a life insurance advisor.
The advisors at Claybrooke can help you determine what kind and how much coverage you need and then walk you through the different options available from different providers.
This can help you find the best life insurance cover to protect your family at a price easily fitting into any household budget.