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When is the best time to buy life insurance. Here is the answer.

When is it smart to buy life insurance?
The best time to buy life insurance is when you can qualify for it and when you need it.

In order to qualify for life insurance, you have to be healthy. Most people are healthy when they are younger, the older we get, the more health can impact our ability to qualify for life insurance. You'll need life insurance for financial obligations that will continue if you die. Financial obligations include income for your spouse, burial expenses, mortgage, children's education, and more.

If you have a family history of disease or just want to play it safe, buy insurance with a guaranteed additional purchase option. This will give you the opportunity to purchase a higher coverage amount without having to go through the qualification process again. Or, buy more insurance now, in anticipation of future obligations. This way, if you get sick or cannot qualify for insurance in the future, you'll have enough life insurance because you qualified for it when you were healthy.

Ask any life insurance agent when the best time to buy is and he or she will probably say, "Now".