At What Age One Must Buy Term Insurance?

It is always advisable to buy term insurance at an early age to avail the benefits of low premium rates and escape the hassles of paying extra due to poor health and lifestyle-related problems. Passing age has an effect on health and makes the insured prone to lifestyle diseases or critical disorders, thus, requiring payment of high premium rates. On diagnosis of some chronic medical condition, the insurer reserves the right to reject the term proposal. Hence, buying term insurance early in life is beneficial.