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I’m only 28 years old and I never get sick. Why would I buy insurance now?

In the years I’ve been working as an insurance advisor, I have helped clients work through hundreds of questions about their insurance needs.  But one of the most common questions I get is “I’m only 28 years old and I never get sick.  Why would I buy insurance now?”

Actually, this is the best time to get insurance.  The younger you are and the healthier you are, the less expensive your insurance will be.  In fact, the premiums you pay on a policy you obtain in your 20’s and 30’s (assuming you are healthy) can be less than $40 per month.  As well, with many plans, you can secure your low rate for years to come by purchasing insurance and locking in the rate.

As we get older, our health risk factors increase, so insurance companies do charge higher premiums to account for this risk.  If you wait until you are over 40 or 50 to purchase life or disability insurance, the premiums are going to be significantly higher than if you purchased in your 20’s or 30’s.  Additionally, the odds of finding yourself with a pre-existing condition as you age are higher, also resulting in higher premiums or perhaps even exclusions to your policy.

Insurance policies make good financial sense when you are young.  As we all know, accidents or illnesses can occur at anytime, and it is critical to ensure that you and your loved ones are protected.  Even if you don’t have a family, should you suddenly pass away, your life insurance could be used to cover the estate expenses, funeral costs and more.  Similarly, if you find yourself unable to work due to an illness, disability insurance can protect you until you transition back to work.

There are a multitude of reasons to purchase insurance – protecting your family, protecting yourself from a possible loss of income, a tax-sheltering strategy or even as an investment.  Whatever the reason, the best time to buy insurance is when you are young and healthy.

Let's talk! I am here to help with your Insurance and Investment needs.

Faraidoun "Frank" Akhavan

Faraidoun (Frank) Akhavan

Office 205 - 3994 Shelbourne Street
Victoria BC, V8N 3E2

Cell 250-953-2304

Office 250-953-2300

Fax 250-881-7497

Skype faraidoun9

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Testimonials

I first met Frank several years ago through an exercise client of mine, who would later become his wife. He then became a client, himself. A while later, I was advised that I had a UPS pension that was coming to term. I told Frank about it, and he suggested that I transfer it out, so that it didn't stagnate until I was eligible to draw upon it. That was over five years ago. Since then, the investment portfolio has averaged an eight-percent return every year. I receive a status report every six months, and am very happy with the return. Frank has done a great job looking out for my interests. He is very knowledgeable, and has answered my questions on multiple occasions. I highly recommend him and his company.

Regarding Lindsay Cooper, the reviewer who gave a one-star rating, I don't think their reaction/comments were fair or appropriate. Cold-calling is one form of generating business for some companies. If it didn't work, no one would be doing it. It's not like they have products on a shelf at Walmart. Believe it or not, some people actually appreciate it, because they may have been wanting to invest, but didn't know where to start. Additionally, financial planning must be a worthwhile endeavor, considering Frank's been in the industry for over two decades.

Also, it is up to the individual to confirm what their call display says, not just assume. It is not a scam to have a name that is similar to another company. You just have to actually read it.
- Marc Noel -