When Is The Best Time To Purchase Life Insurance? 
The best time to buy life insurance is : 1 -RRB- when you qualify for it , and 2 -RRB- when you need it . Prices can be incredibly lower if you purchase life insurance while healthy , and also at a younger age . While young , it is hard to imagine being struck by illness , but I get requests nearly every day from people who experienced an unexpected health condition in the prime of life . In my opinion , you can never go wrong locking in a premium for a long period of time while you are young and healthy . But what if you did not take advantage of that window of time , or were born with a health condition ? You can still purchase a policy to fit your need . It may not be as much as you want , but you can get what you can afford . The other part to `` need '' is to add life insurance when you have a life event such as the birth of a child or purchase of a home or business . Policies such as indexed universal life can even be purchased to prepare for retirement . Again , thinking ahead is the key . When the need becomes a panic situation , chances are that you would have done better purchasing life insurance earlier . 