When you’re fit and healthy, just living your life, it’s easy to assume that things will always remain that way. It can be hard to think about things like insurance, which is designed to help when something unexpected happens.

However, when it comes to sorting insurance cover, this could be the perfect time to do it.

Here are a few things to think about.

Age and health affect premiums and eligibility

Being young (or even young-ish) and healthy can give you a real advantage when it comes to sorting personal insurance cover.

Generally, when you apply for insurance, you may not be covered for “pre-existing” heath conditions – anything you’ve had, or even suspected you had, before applying.

If you don’t currently have any health conditions, you have an opportunity to get cover that may provide protection for certain future health issues, depending on the terms of your policy.

Premiums are usually much lower when you’re younger, too. If you’re taking insurance on a rate-for-age basis, your younger years are the most affordable. If you’re thinking a level premium might be an option, locking it in sooner could offer you savings over the life of the policy.

Don’t leave it until you wish you’d done it earlier

There are a few life stages that often prompt people to think they should get their insurance sorted.

That might be when you first buy a house and need insurance to cover you in case something stops you from being able to pay the mortgage. Or maybe you’re starting a family and want to make sure your loved ones are protected. Another key moment might be a change of job.

If you can get insurance in place before these life events happen, you may have more time to think about the options and look at all the possibilities for cover. Then you won’t risk accidentally overlooking it during the excitement of when the big life change is happening.

It’s not about the worst-case scenario…

It’s easy to think about insurance being something that you call on when something really bad happens.

But it doesn’t have to be about disaster and expecting the worst.

Having solid insurance cover in place can offer you priceless peace-of-mind that, should unexpected events occur that affect your health or income, you have a financial back-up to help.

Insurance should be put in place before you need it, so it’s there ready to help at claim time. Acting early, even before you think it’s necessary, can help keep more options open for you later when you really need it.

Want to talk?

If you’re starting to think about getting an appropriate portfolio of insurance cover in place, get in touch with us. The SHARE team are expert financial advisers who can talk to you about what’s available, what your options might be and what is likely to be suitable for your situation.

Disclaimer: Please note that the content provided in this article is intended as an overview and as general information only. While care is taken to ensure accuracy and reliability, the information provided is subject to continuous change and may not reflect current developments or address your situation. Before making any decisions based on the information provided in this article, please use your discretion and seek independent guidance.