Myth 2: I am Young & Fit and I don’t need Insurance
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In the series of Insurance Myths which we are trying to open in front of you. The Myth 2 is I am Young & Fit and I don’t need Insurance.
Myth 2: I am Young & Fit and I don’t need Insurance
Most believe that insurance is not needed when one is young as there are no dependents and also when the person is in good health. Well, the best time to insurance is in fact when you are young and healthy.
That way you can get insurance for the maximum period and for the cheapest possible premiums. Buying insurance after you have passed your prime age can prove to be much costly.
Also, if you are diagnosed with any disease, you may not get insurance at all. Another view is that young persons today are much prone to life-style related diseases and accidents.
Hi, I’m Managing Director at Gurpreet Saluja Financial Services where I help my investors to invest in mutual funds and achieve their financial goals. I’m also a Value Investor and here I write about Personal Finance & Investing.
