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What Age Should You Get a Life Insurance Policy?

Life insurance pays a face amount of benefit to your estates (debt, mortgage, student loans, auto loans, …etc). When you get a life insurance policy, you proactively protect your beloved ones from incurring your debt. You can buy, purchase, or own a life insurance policy from 18 years or older. Some carriers and specific insurance plans have a minimum and maximum age on specific policies or benefit amounts.

The general rule, the younger you are, the cheaper the policy. You can get a term life insurance policy for 10, 20, or 30 years with guaranteed renewal or with cash value that you make back when you surrender the policy or the term is over. Or you can get a whole life policy, that remains effective as long as you are alive with level (never change) premiums. 

Some policies have an investment component where part of your premiums is invested in the market at a fixed or variable interest to accumulate an additional cash value that you can loan or withdraw from during your life. You can see what you qualify for and receive an instant Quote for Free. Click here.

Cosmo Insurance Agency is a full-service independent insurance agency based in Hackensack (Bergen County) and Lakewood (Ocean County), New Jersey that offers an all-encompassing range of insurance options for both individuals and businesses. Cosmo keeps its promise to assure an efficient and creative approach to the services we offer. Each of our clients experience a personalized and long-term relationship with us. Our New Jersey based team of health brokers guides our clients in helping them choose the most cost-effective options. By incorporating our knowledge of the insurance guidelines for healthcare, employee benefits, life insurance, self-insurance, dental, disability, and long term care insurance, we keep our clients up-to-date with affordable plans that cover all their specific insurance needs.