When to Buy Life Insurance

When you’re fresh out of college and starting on your career path, you likely feel young, healthy and practically invincible. Life insurance in New Jersey is probably the last thing on your mind, but chances are you should purchase it sooner rather than later. Do any of the following apply to you?

You Have a Lot of Debt

If you owe a lot of money for student loans or if you just purchased your first house and now have a mortgage payment, it is time to consider purchasing life insurance. If you pass away with large debts unpaid, it may end up becoming the problem of your loved ones. A life insurance policy ensures your family can pay off your debts should the unthinkable happen.

You Have a Family

Perhaps you just got married or you and your spouse are welcoming your first baby. Now is the most important time to purchase life insurance, especially if you are the sole or main breadwinner in the family. Without a policy, an unexpected death could leave your family without a way to pay for funeral costs, lets alone to keep up with daily expenses. A good policy will provide your family with the money they need to survive.

When considering life insurance in New Jersey, the most important thing to remember is that now is the time to buy it. Even if you are young and single, you never know what the future holds. Preparing yourself now sets you up for a better future.