Call Us 303.960.5290 ☰ ˟
  • Home
  • Personal Insurance
    • Car Insurance
    • Classic Car Insurance
    • Homeowners Insurance
    • High Value Homeowners Insurance
    • Condo/Townhome Insurance
    • Renters Insurance
    • Rental Property Insurance
    • Flood Insurance
    • Umbrella/Excess Liability Insurance
    • Builders Risk
    • Motorcycle Insurance
    • Recreational Vehicle Insurance
    • Boat and Watercraft Insurance
  • Commercial Insurance
    • Business Owners Package (BOP) Insurance
    • General Liability
    • Commercial Property Insurance
    • Commercial/Business Auto Insurance
    • Umbrella/Excess Liability Insurance
    • HOA/Homeowner Association Insurance
    • Cyber Liability/Data Breach Insurance
    • Directors & Officer Insurance
    • Apartment Building Insurance
    • Restaurant Insurance
    • DayCare Center Insurance
    • Flood Insurance - Business
    • Liquor Liability
    • Farm Insurance
    • Workers Compensation
    • Surety Bonds
  • Make A Payment
  • Blog
  • Resources
    • How Insurance works
    • 10 Steps to Starting a Small Business in Colorado
    • Insurance Glossary
    • Frequently Asked Questions
    • Why Choose a Broker
    • Privacy Policy
    • Calculators
  • About Us
    • Service You Can Expect | Denver West Insurance Brokers
    • Location
    • Testimonials
    • Contact Us
Logo (303) 960-5290


Home > Blog > Why you should purchase life insurance at a young age
TUESDAY, JANUARY 23, 2018

Why you should purchase life insurance at a young age

 

This week I heard  my favorite singer of all time, Neil Diamond had Parkinson Disease.  I’m so sad to hear of his misfortune, but it reminds me of a client of mine.

Several years ago a client purchased a life insurance policy on his 5 year old son.  Most people say that it’s crazy to buy such a policy and completely unnecessary.  But the importance of buying life insurance at a young age has 2 MAJOR advantages …… you lock in your medical insurability and they are dirt cheap.  After you’ve been diagnosed with a serious and/or debilitating  disease at any age, you can’t purchase life insurance, you’ve lost your medical insurability which is an underwriting term to determine eligibility to purchase a life insurance policy. And this is precisely the time when people understand the importance of having life insurance

Ten years after my client purchased life insurance on his son, that son was injured in a skiing accident with medical issues for the entirety of his life.  He no longer has medical insurability, but he has a life insurance policy.  I’m sure Neil Diamond has life insurance policy which will certainly help his family with medical costs which I’m sure are getting expensive.

Posted 11:19 AM

Tags: life insurance
Share |


NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015

  • just good information(56)
  • home insurance(44)
  • auto insurance(32)
  • commercial insurance(23)
  • business insurance(22)
  • small business insurance(20)
  • homeowners insurance(16)
  • renters insurance(10)
  • car insurance(9)
  • automobile insurance(7)
  • investment property insurance(7)
  • landlord insurance(7)
  • liability umbrella insurance(5)
  • vehicle insurance(5)
  • commercial auto insurance(5)
  • life insurance(3)
  • liability insurance(3)
  • property and casualty insurance(3)
  • hoa insurance(2)
  • rental home insurance(2)
  • landlord home insurance(2)
  • professional liability insurance(2)
  • commercial liability insurance(1)
  • londlord homeowners insurance(1)
  • homeowner insurance(1)
  • commercial general liability insurance(1)
  • general liability(1)
  • home owners insurance(1)
  • commercial automodile insurance(1)
  • term life insurance(1)
  • special event insurance(1)
  • landlord homeowners insurance(1)
  • online internet store insurance(1)
  • commercial automobile insurance(1)
  • investnment property insurance(1)

View Mobile Version
Why Independent Agent?:

Because independent insurance agencies, like Denver West Insurance Brokers, represent a number of different insurance companies, and can compare coverage and prices to find the best possible value for your individual circumstances. As independent agents, we are members of the Denver and surrounding metro community, and we’re committed to doing business face-to-face and being your advocate in times of need.
Continue Reading


Logo
A Member of Alliance Ins Group
722 Washington Ave #C205
Golden, CO 80401

Ph: 303.960.5290
Fx: 303.988.8390
Logo
A Member of Alliance Ins Group
620 E. Main St.
Frisco, CO 80443

Ph: 970-930-2200
Fx: 303-988-8390


Social Social Social
Home Blog About Us Meet Us Contact Us

Powered by Insurance Website Builder