When To Get Life Insurance at Life

When To Get Life Insurance. After all, you don't want to leave your loved ones without money. Be sure to contact the life insurance company immediately following the death of the insured to get the ball rolling.

Uninsured medical costs, funeral expenses, lawyers’ fees to settle an estate, debts, and taxes. After all, you don't want to leave your loved ones without money. Otherwise, they could endure financial hardships if you pass away and your income is no longer available to cover household financial obligations.

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Premiums rise an average of 4.5% to 9% every year you put off applying. But the best way to get cheap life insurance rates is to buy a life insurance policy early. The best time to buy life insurance is as soon as possible, assuming you have dependents. You should have the original death certificate on hand (preferably along with a few certified copies), the original application with the policy number, and the benefits claim form on hand when you contact the insurance provider.