The best time to get life insurance is when someone depends on you. Also, the younger you are, the more affordable your life insurance is likely to be. It’s a smart move to lock in a low monthly price now, which will remain unchanged for the entire term of your policy.

As your needs change over time, you can change your coverage. If you have another child or buy a bigger house, your needs might increase, and you can apply for more coverage. As you save money or earn more over time, your needs might decrease, and with Ladder, you can decrease your coverage (with no fees or penalties).

If you’re still curious, here’s a helpful blog post, When is the Best Time to Buy Life Insurance?