The funny thing about insurance is that the best time to buy it is when you appear to need it the least…when you’re healthy. Most insurers, however, will offer insurance to people who have some health issues. These people may need to pay a higher premium than those who are healthy in order to cover the additional risk that they pose to the insurer.
You should review your life insurance protection on a regular basis and anytime there is a life changing event. Examples of life changing events are the birth of a child; a change in marital status; a change in income; a large purchase such as a home or vacation property; or the repayment of a loan or mortgage.