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Life insurance at age 34
As you reach you mid-thirties, it really is a great time to purchase either a term or whole life insurance policy. By now you may be married, have a home with a mortgage, and even a few kids. Therefore the need is definitely there. After all, what would happen to them if you were to pass away tomorrow?
Now the good news is that by purchasing life insurance at age 34, we generally have a pretty good idea how much insurance we’re going to need as well as have a pretty good idea about what will and won’t fit within our finances.
Since we know how much insurance we need and what our finances will allow, buying life insurance at age 34 a great time to buy. When buying life insurance at age 34, life insurance should be:
- Easy to qualify for.
- And full of options.
- See how affordable a million dollar life insurance policy is
Affordable Life Insurance for a 34 year old:
Buying life insurance at age 34 should be very affordable because at this age most people applying for life insurance are going to be pretty healthy. For this reason, life insurance companies are likely to offer very low rates or offer no medical exam policies in an effort to earn your business. By working with an agency that can pick and choose among dozens of carriers offering both traditional term and whole life insurance policies, a healthy 34 year old should be able to find a carrier that will offer both low rates and no medical exam required.
For example, a 34 year old male in perfect health taking out a $250,000 20 year term policy would pay less than $14 a month. And a universal life policy for $250,000 to age 100 would run a little over $90 a month. That same 34 year old male would only pay $20 a month for a non medical exam.
Easy to qualify for:
Qualifying for life insurance at age 30+ should also be pretty easy because, most 34 year olds are going to be physically fit and have no problem acing the life insurance medical exam. At 34 years of age, most applicants will not have been diagnosed with any of the conditions insurance companies look at when determining eligibility and pricing such as:
- High cholesterol,
- High blood pressure,
Now if you have been diagnosed with one of these conditions already, it’s not the end of the world. However, having one of these conditions at 34 years old makes getting life insurance now all the more urgent. Don’t let your health continue to deteriorate to the point where you cannot qualify for life insurance. Get life insurance now.
More options to choose from:
Buying life insurance at age 34 will give you a greater variety of options to pick and choose from when considering which life insurance policy is best for you and your loved ones. For example, different types of life insurance polices such as:
- Return of Premium Insurance policies.
- Whole Life Insurance policies.
- And Universal Life Insurance policies.
These policies may provide possible alternatives to traditional term life insurance simply because at the age of 34, these alternatives may still be very affordable. But there are other factors too consider, such as the necessary face amount. You may need a lot of life insurance to secure your family’s financial future. So your best option might be a shorter term policy with a bigger death benefit. This is where TermLife2Go can help.
We know that for a lot of individuals, especially those who are just starting a family, having a “ton” of discretionary income simply isn’t a reality. So, despite the fact that you may have all the reasons in the world to purchase a term or whole life insurance policy right now, having the “funds” to do so just isn’t possible!
For this reason…
We’ve also chosen to write several articles sharing some of the knowledge that we have acquired over the years working with 1000’s of clients concerning how they earn a living.
You see, nearly every time we complete a life insurance application for one of our clients, one of the first questions that we need to ask is:
“what do you do for a living?” and “what would you estimate your annual income as?
Which means that over the years, we’ve become really familiar with a wide range of different career paths and opportunities that a person can take. Some of which you would probably never think of on your own!
And since we still have your attention…
One can assume that “most” folks who end up purchasing a term or whole life insurance policy do so, so that their loved ones would be protected “financially” in the event of their death.
But what happens if you get sick but don’t die?
Would your family’s financial future still be protected? Probably not. This is why we like to encourage folks to also take a look at some of our other articles that discuss other “types” of insurance policies as well so that regardless of what happens in the future, your family will be well prepared:
- Best Long Term Care Insurance Companies,
- Best Individual Short Term Care Insurance Companies,
- And the Best Disability Insurance.
Our number one goal here at TermLife2Go is to help individuals and families secure their own financial security and independence, we wanted to share with you what we’ve learned.
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