I often get asked, “what is the right age to buy life insurance?” and I reply, “the right time to buy life insurance should not be based on your age… it should be based on your need.

Few people rush out to buy life insurance – it’s not a glamorous purchase and nobody really wants to think about their own death. But, if you have someone else in your life that is dependent on you financially then you have a need and life insurance is something to consider. Here at Essential Insurance we’ll search and compare policies from our specially selected panel of UK insurers, handpicked to ensure we get you a policy to meet your needs.

We know that everyone’s needs are different and we make it our business to listen to you to get every detail right before we offer you advice and a recommendation of the right policy for your circumstances and budget.

When providing an insurance policy, the insurer will consider several factors when setting the amount you’ll pay. In addition to the type of policy and the amount of cover, they’ll also want to know your age, occupation, state of health and will ask you about your lifestyle such as your weight, alcohol consumption and whether you smoke.

This means that age is a factor that may impact the price you pay.

If you are under thirty, it might seem like you don’t need life insurance just yet, but with age on your side, there are advantages to getting your life insurance in place early.

The upshot is that because younger people are considered lower-risk, premiums will be much lower than they would be for older people. A policy for a younger person can cost as little as a £6 a month.

Buying life insurance while you are healthy

Health can change dramatically, especially if you have a family history of cancer, heart disease, diabetes, or strokes. Even with a favourable family history, as we get older we tend to have more health issues, and any health issue may affect the price you pay.

As soon as you think you have a need for life insurance, we are here to help you assess your needs and find the most affordable policy for you. If your needs change over time because of additions to your family, a new mortgage, or whatever; we are here to help you.

It’s our job to make sure you’re still getting the best deal on your life insurance and to make sure you still have the right amount of insurance for your circumstances.

For a free, no obligation quote and needs assessment, you can call us on 0800 612 8005 – we’re here to help you!