When Should You Purchase Life Insurance?

There are many of us who are unsure when we should really buy life insurance.  There are also several individuals who tend to put off buying life insurance because of the added expense per year that we just don’t think we can afford.  The trouble is when you wait too long you may not qualify for the insurance or you may have waited too long because disaster has already struck.  Life insurance for most couples is either bought at the marriage time or when they have their first kid. 

When you are considering buying life insurance you really should do so when you become a legal adult.  In most areas that is about eighteen.  By this time most children are not under their parents’ roof or under their health insurance benefits.  This means that they are responsible for themselves and their debts.  When you die or have an illness it falls on the beneficiary to take care of outstanding debts, which is why life insurance is important.  The life insurance can help cover those debts and the funeral costs.  While the exact time you should purchase life insurance is really up to you think about the debts you have and what you could leave behind in the event of death or serious illness.