People in their early to mid-30s usually take a more serious look at the future and protection of their family.
When the primary breadwinner passes away and does not have financial protection, the surviving family is then stressed with figuring out how to pay final expenses, settle personal debts, and being able to afford their 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, paying out a lump sum of cash that can be used to handle these unforeseen expenses.
The perfect age to begin taking a serious look at life insurance options and consider purchasing a policy is right around 35. Most people in their mid to late 30s are in good shape health-wise, making it easier to be qualified for life insurance and helping them to secure a lower premium rate.
Additionally, many applicants around the age 35 find that there are some other life insurance options available to them that would be 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 candidate 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.
Because 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 the age 35 are healthy, it makes it much easier for them to qualify for life insurance coverage. Insurance companies are usually very interested in an applicant’s overall health and, 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 around the these alternative, and sometimes more robust, options could be just as if not more affordable than a standard insurance policy. Your 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 a number of 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 to 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 to find the best possible life insurance cover to protect your family at a price that will easily fit into any household budget.