The Globe and Mail CONTENT FROM GLOBE CONTENT STUDIO Published January 18, 2021
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Your mid-20s may seem like a young age to start considering life insurance, but early planning can help provide future financial protection and could save you money down the road.
“I would say the 25 to 34 age range can be a good time to start looking into life insurance,” says Matthew Phillips-Brown, senior life insurance advisor at TD Insurance.
He says it’s often a time of fewer commitments, whether familial or financial, but significant life events can still transpire and life insurance could fit into those plans.
comes into it. bottom line is if you want an insurance policy that s paid up when you re 55 or 60 you have to pay a certain amount every month and when you die, hopefully that gets paid out to the estate or beneficiaries. now, gene, you have something going on with the new company. i have to start by saying it s for the very rich. but we are hoping someday it will be for everybody. let me explain something. you get to do that but you don t pay for the insurance? ali is a powerful and attractive man and you re a high worth individual. you come into work and you deserve it. you want your family and loved ones to have as much of the estate money as possible. you don t like paying the life insurance premiums. we loan you as much money as applicable in your life insurance policy. what that means is since you re going to be paying a rate of 1.25%, the escrow is in your name. we don t control it.