WHEN DO I REALLY NEED SOUL INSURANCE?

Whether you are a fresh graduate in their 20s, married in their 30s, or retired in their 50s, you tend to have two things in common with those in each of these age groups:

1. You have people you love.
2. You cannot predict the future.

That's where life insurance comes in. Even though you cannot know for sure when or how your life will end, you are able to prepare for all these possibilities, while helping to protect the people you love.

Having the right life insurance can give you peace of mind. Because, you are sure that the people you care about can have good financial support after you die.

This is how life insurance can help you at all ages:

Age 20s

Why do you need life insurance when you enter your 20s. Indeed, you are still young and healthy. However, you may already have some serious financial responsibilities. When you enter college, you may have a loan to pay off immediately, you need to pay rent or boarding, or maybe you are already planning to have a private vehicle.

Unfortunately, many of the young generation at this age are included in the sandwich generation. When they start earning initial income after graduating from college, at the same time they must start to support their parents who are heading to old age and retire. That is, if you have someone whose life depends on you, this is a signal that you should have insurance much earlier.

In addition to protecting your family financially, there is another reason to buy life insurance at a young age: A much more affordable price. During this time, life insurance premiums, which can be in the form of monthly or annual fees - depending on your age, gender, lifestyle habits, medical history, and your current health condition. If you are a healthy person in your 20s, you have a low health risk. That means, you will be charged a lower premium as well.

Age 30-40

Your financial situation will most likely change with age. When you reach the age of 30 or more, you may already have a baby to raise, a home loan to pay, and various other living expenses.

The best advice is more or less the same. You buy as much life insurance as you can. However, if you already have life insurance, it might be time to turn your policy into "Whole Life" life insurance. Although a little more expensive, life insurance offers insurance protection until the age of more than 100 years

On the other hand, many people in their 30s already have permanent jobs by getting life insurance. However, does this mean you don't need your own life insurance?

Life insurance at work is more suitable to be considered an "additional policy". Because, companies can at any time make a reduction in labor, so that makes you lose your job and also protection. If so, by having personal insurance, you at least still have a sense of security in your life regardless of the worst thing that might happen in your career later.

50s, 60s, etc.

Is it too late to get life insurance in old age? Actually, this depends on your insurance company. Some insurance companies have policies with age restrictions ranging from 55 to 80 years.

Next question: What type of life insurance is suitable for you middle-aged? At this stage, you may be paying attention to retirement plans and settlement of mortgage payments. This means you are in need of more financial stability and financial protection.

Whatever your age, insurance is important at every level of life. There is nothing more valuable than your health and the family you love. So, don't waste your life time not using insurance now and so on.  Agree?