What is the Right Age to Buy a Term Insurance Plan?
To have complete peace of mind, you must not delay your decision to purchase a term
insurance plan. The Right time to buy term insurance is now. Market experts suggest buying a term
plan early as it ensures affordable premium payments. Remember, once the premium, based on your age,
is calculated, it will remain fixed throughout your life. As you grow older, the premium rates can
increase by up to 8%. Also, if you develop a lifestyle disease, such as diabetes, hypertension, and
so on, the premium rates can increase by up to 50%, or more. In a worst-case scenario, if you
develop multiple ailments, your policy application can even be rejected. So, ensure that you get a
term plan early, use the term insurance premium calculator to find the right plan today!