I signed up for $1 million of life insurance before I ever had kids, and I'd tell any 20-something to do the same
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- I bought my $1 million, 30-year term life insurance policy before I had kids, knowing that life insurance costs typically get higher as you age.
- Even if you don't have dependents today, signing up for life insurance sooner rather than later can save you hundreds of dollars per year on premiums compared to waiting.
- You aren't getting any younger, so even if you don't have kids yet, it's probably the best — read: cheapest — time to get life insurance.
- Policygenius can help you compare life insurance policies to find the right coverage for you, at the right price »
If you are single without kids, life insurance is probably the furthest thing from your mind. While I briefly looked at life insurance when I was 22, I didn't get serious about it until about a half-decade later, when I bought $1 million in life insurance coverage before I had my children.
That delay likely cost me a little bit every single month for 30 years.See the rest of the story at Business Insider
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