The 30s are an important decade in your life, since these years will determine the course of your future.
Growing up is a lot of fun when you’re young but it doesn’t seem so wonderful when you are an adult with responsibilities! You start working and earning an income in your early 20s, and you become responsible for running your home. A few years later, you get married and then have children. By the time you reach your mid-30s, you are a family person with loved ones to take care of.
However, the 30s are a landmark decade in your life. As far as your working life is concerned, you are at a half-way mark: you are reasonably settled into your career and you are at least 30 years away from retirement. You have already set life goals – your own house, the best education for your children, all the material comforts for your spouse, a comfortable retirement for your parents – and you set about accomplishing these goals in your 30s. By now, you have a fairly clear idea of the way you will lead your future life, and though most of your dreams have not yet come true, you have set definite goals that you must accomplish.
Hence, your 30s are the best time of your life to take term insurance. A term insurance plan is the best fit for you at this stage: with a growing family and many needs, you may not wish to spend too much on expensive life insurance plans. At the same time, you require a large sum assured amount for your family in case you are absent from their lives in the future. Term policies offer the benefit of affordability at a high sum assured on termination.
Besides, insurance companies are pleased to offer term insurance plans to people in their 20s and 30s. People in their 30s are perceived as individuals with a stable income and their relative youth makes them good candidates for term insurance. Also, people in their 20s and 30s show a higher propensity for purchasing insurance directly from the insurer without the involvement of an insurance broker. They normally prefer to buy term insurance plans online, which results in cheaper premiums.
If you are in your 30s, you would do well to buy term insurance so that your loved ones are adequately covered for the future. A few years later, you can buy a more expensive whole life insurance policy. Till then, you can rest easy knowing that your family is well cared for despite the hardest knocks life throws their way.
Insurance is the subject matter of the solicitation.