would you start to buy life insurance while you are young?

United States
July 24, 2009 10:50pm CST
Some people encourage me to buy life insurance while I am young. Because the rate is cheaper, and it would be more like a future saving. It might be a good plan for your future. But currently, I don't seem to need a life insurance yet. So, I will consider to purchase one a few years later. Would you consider to get one for yourself while you are young?
1 person likes this
5 responses
• Philippines
10 Aug 09
No, but was probably the biggest mistake that my mom has ever done it with another insurance company. well, it was not my money and not my idea, because i felt uncomfortable with it. then, when my mom was paid for the credit card, that was it, big mistake. because i don't even have a job.
@larish (2191)
• Philippines
10 Aug 09
Yes, yes, yes, buy your life insurance as early as possible. Life Insurance premium is based on age, the younger the person, the cheaper the price. I had mine when I was 22 yrs old. I am now 33 yrs. and would like to get another Life insurance to increase my coverage, the premium I have to pay is higher than the ones I bought 11 yrs. ago. I bought my first insurance because I want to leave a great amount of money for my parents, an amount that my premium will never equal. It is a great way of saying to my parents that now I am gone, you don't have to worry for the money that will be used for my burial because my life insurance coverage will be enough to pay for the burial expenses and that I have a little left for both of you to enjoy.
@ucue2008 (924)
• Malaysia
30 Jul 09
Its good to have life insurance now. I'm actually looking for one too. As like people say, it much cheaper when I'm buying it at early age. I will soon buy it, as a precaution and for my future saving too.
@defcon505 (919)
• United States
25 Jul 09
I'm still a teen but I'm considering on getting life insurance but I'm not working right now. Starting young is good. Nice question!
• China
25 Jul 09
I worked already three years,but I only buy life insurance one year.You know,sometimes I dont know why we should buy it when we was young.But my mother told me,it is very very important,she bought many kinds of insurances since I only a child.I think I should buy some kinds of insurances to my mother.Very thank to my dear mother,I love her.