If you’ve put off buying Life insurance, it’s probably because you’ve told yourself you’re healthy and you can always get it down the road. Maybe you just haven’t wanted to deal with it because the process seems complicated.

While many factors influence Life insurance premiums, age is one of the most significant. The younger you are, the less risky you are to an insurance company. Life insurance is best purchased when you are potentially at low risk, and securing coverage at a young age is a great way to get insurance for your current (or future) family at an affordable price.

Perhaps even more important than age in determining your risk is your health. This is why Life insurance companies pay particular attention to your medical history, and it’s why premiums for smokers can be considerably more than premiums for non-smokers.

Most importantly, securing Life insurance when you are young and healthy can help guarantee your insurability. Should you develop a chronic health condition down the road, buying Life insurance may no longer be an option. And even if you can secure coverage later on, by having purchased while you’re healthy, you’ll pay substantially less in premiums.

Even if you don’t have a family to support or outstanding debt that could fall to loved ones in the event of your death, age and health are important reasons to purchase Life insurance sooner rather than later. The fact that you are young and healthy will not only keep the premiums low, but it will also enable you to buy a lot more coverage than you may be able to when you have loved ones depending on you.

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