More than age, a person’s life stage matters in determining the need for life insurance. The right life stage for buying term life insurance is when a person starts earning. If someone starts earning early, she may not have dependents. But she will get the advantage of locking-in low premiums with insurers. As the individual’s life stage advances, i.e., gets married, plans a family, takes a mortgage, she should enhance the sum assured. This is best done by buying a new term plan with additional sum assured. So here we provide you with specialized tools to determine your needs according to you life stage. It means that you insurance needs are different when you are unmarried and the only people you need to support are your parent. it changes when there is a wife in addition to this. And as our research indicates it changes massively with the arrival of kids. A prudent man will check his needs for the entire life but plan only a small portion at a time. This means as life is dynamic and things change. We provide you the tools to see the need of insurance that covers whole life, but you plan only a portion say 3 years and then after that reassess the whole.
It's a proven fact that one who has a early start is always in advantage. So if two people with similar standings, one of them opt for insurance early but the other man came into insurance after him. The the following will be the advantage of the first man over the second man:-
1) His premium will be less as compared to second man as his age was less when he opted for insurance,
2) His term is more distributed. This means that he will face less burden of premium and he can invest in other places too.
3) Early positioning. This means that from an early time he has an investment on which he can fall upon in bad times also he can position himself well.
How to find the optimum age to opt for an Insurance Plan:-
Its easy "AS FAST AS YOU CAN". One who starts early is always in benefits.
How Much Insurance Do One Need & When:-
We are providing here detailed planning tools tool free. Just fill up the details you will receive the full details. http://insurancequantum.blogspot.in/
