Life insurance rarely feels like a priority in your twenties or early thirties, particularly if you don’t have children or a mortgage.
Life insurance rarely feels like a priority in your twenties or early thirties, particularly if you don’t have children or a mortgage. But over time, it could become the smartest financial decision you make.
Start Early
A big advantage of buying life insurance early is the cost. Premiums are lower when you’re healthier and statistically less likely to make a claim. A 30-year term policy taken out at age 25 will usually be far cheaper than the same policy bought at age 45 and your monthly payments will remain fixed for the length of the term.
Not Just for Families
Even if you don’t yet have children or a partner who relies on your income, life insurance can still be useful. It can provide peace of mind if the worst happens, knowing that those closest to you won’t be left paying off debts such as student loans, credit cards or a mortgage . As your life changes, your policy can change too, adjusting the amount of cover you need if you have children, change jobs or move up the property ladder.
For most people, the earlier you consider life insurance, the more affordable and flexible it can be. While it’s not essential for everyone at a young age, locking in a policy early gives you one less thing to worry about in the future.
Protecting Your Income and Your Business
Life insurance is just one part of a broader financial safety net. Income protection insurance ensures that you continue to receive an income if illness or injury prevents you from working. This type of cover is vital for anyone relying on their income to support themselves or their family.
For business owners, business protection insurance is equally crucial. It can safeguard your company if you or a key employee becomes unable to work, helping to cover expenses and keep the business running smoothly during difficult times.
Is Your Current Cover Enough?
You might be thinking, “I already have life insurance, so I don’t need to do anything.” But life doesn’t stand still and neither should your cover.
Major life events like buying a home, getting married, starting a family, changing jobs, or even taking on more financial responsibility can all affect the type and amount of protection that you need. A policy that suited you five years ago might not fully protect you today.
That’s why it’s so important to regularly review all of your insurance policies with an experienced insurance broker. We can help ensure your cover still aligns with your current lifestyle, goals, and financial commitments.
Get in Touch
Whether you're exploring your first policy or it's time to revisit your existing cover, we're here to provide expert, tailored advice that fits your life.
Contact us for personalised guidance and the peace of mind that your protection is still working for you. A quick review could make all the difference!
As with all insurance policies, conditions and exclusions will apply .
