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Are there any advantages in buying insurance at an early age?

April 26, 2017advantages age buying early Insurance

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Are there any advantages in buying insurance at an early age?

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Yes. The premium that you pay on your insurance policy is mainly dependant upon two things – your age and the tenure of the policy. The younger you are, the lower is your insurance premium amount. At younger age, you would be physically sound and may not be suffering from any illness. This would entitle you to pay lower premiums for the policy. Therefore, it is advisable to buy a life insurance policy at an early age to reduce the cost of insurance.