Key Takeaways
- Prices have never been this low in 20 years
- You will never be younger than you are today.
- You have major financial responsibilities for your family
- You're probably healthier than you've ever been
- If prices go down, you can replace your insurance with a new one.
5 Reasons to Buy your Life insurance Now
Buying life insurance online means crossing this task off your To-Do once and for all. Emma was created to help families get the right life insurance protection.
When Should I Buy Life insurance? ⏱
Buying life insurance online means crossing this task off your To-Do once and for all.
We all have good reasons to postpone a task like buying life insurance. Believe me, I'm no different from you!
So here are 5 reasons to get started now:
- Prices have never been this low in 20 years
It is no longer a secret that people are living longer and longer thanks to better living conditions and medical advances. Also, insurers are constantly reducing their administrative costs. It is for all these reasons that insurers have lowered the prices of their life insurance policies.
- You will never be younger than you are today.
The premiums for life insurance are based on several factors, mainly our age. Prices increase as we get older. So the prices you get today will be lower than in the future. It is therefore advantageous to take out life insurance as soon as possible.
- You have major financial responsibilities for your family
When we start a family, we want to provide them with a comfortable home and the best possible quality of life. However, this comes with great financial responsibility.
We must ensure that we take steps to protect our family in the event of an untimely death. Life insurance allows those we leave behind to keep the family home and maintain the same financial quality of life. Our children can carry on playing hockey and go to university in the future, no matter what happens.
- You're probably healthier than you've ever been
The healthier we are, the better the price of our life insurance. The longer we wait, the more likely we are to receive a medical diagnosis that will increase the cost of our life insurance.
- If prices go down, you can replace your insurance with a new one.
Sometimes our health can improve through weight loss or life insurance rates can drop over time. We can then reapply. If the premium is lower, there's nothing to prevent us from applying for new life insurance. There is usually no charge to replace an existing policy (just make sure your new policy is in force before cancelling the old one).
Bonus: It is now possible to buy life insurance online
The Emma platform was created to help families get the right life insurance protection. You will be able to compare prices and chat with our experts who will be happy to answer all your financial questions!
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