Look for earlier life insurance

Fri, 30 Mar 2007

Getting life insurance at an earlier age could save you money in the long run, or that’s the conclusion of one insurance industry expert. The chief executive of insurance comparison service Insurancewide, James Harrison, reportedly said that when it comes to your life insurance, it pays to get a policy earlier rather than later.

The group conducted a survey of its statistics to produce the report, and found that men ages between 35 and 42 were its most common applicants for life assurance policies . Mr. Harrison reportedly commented:

"It's encouraging to see that people in their late 20s are investing in their future but we would urge people to start buying policies at an earlier age if they have debts, a mortgage and dependants, or are self-employed. Life insurance is certainly not a top priority for most twenty-somethings, but when you stop and look at the cost you'll see that it pays to start buying a policy as early as possible where there is a genuine need."
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