There are many reasons to do this to buy life insurance. Most importantly, these plans provide financial peace of mind to policyholders and their loved ones in the event of an unexpected event such as death or permanent disability.
But one of the most important questions that arises when you are considering buying life insurance is,
what is the best height?
Is there an age limit? It is no longer possible to buy life insurance for this. Life is long, and in general, there is no legal age limit to determine the age at which you can no longer buy insurance, but each insurance company has a limit.
For example, at MetLife, anyone over the age of 18 can buy whole life insurance for their family or whole life insurance up to age 70. However, if you wish to complement these policies with the optional absolute and permanent disability coverage, the entry age limit will be reduced to 65 years.
On the contrary, there are other insurers that limit the entry age for life insurance to 54 years.
The age limit set by each insurance company does not have to coincide with the age at which life insurance will cover you. Taking our life insurance as an example, the Mortgage Whole Life Insurance (fixed capital) and the Family Whole Life Insurance (decreasing capital) provide the insured with death protection up to age 85 and additional protection up to age 67 that covers absolute disability and permanent.
When should we buy life insurance?
The answer is not simple, it depends on the circumstances of each person, and although it is true, there are times in life when life insurance is better, for example, when we take out a mortgage or when we start a family and want to be insurance. if something happens to us When things go wrong, our children will not be protected.
However, you must take this into account when you purchase life insurance, and it is one of the main values that you consider when calculating the price of life insurance. the reason is simple. The younger a person is, the lower the risk of death, which increases with age. So for insurance companies, insuring young people is less risky, which means cheaper premiums.
Also, the sooner you take out insurance, the more peace of mind you will have, especially if you have it. Dependents or people who are economically dependent on you. This is why the vast majority of people begin to think about buying life insurance. From 30 to 35 years old, so many people take it before they are 50 years old.
It is your decision, but remember that life is full of unforeseen events, first you have life insurance, first you will have the peace of mind that your future, and that of your loved ones, is protected.