Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@. Skimlinks & other affiliated links are turned on

    • xHollyx
    • By xHollyx 10th Oct 16, 11:51 AM
    • 2Posts
    • 0Thanks
    Life insurance at 27
    • #1
    • 10th Oct 16, 11:51 AM
    Life insurance at 27 10th Oct 16 at 11:51 AM
    Hi i turn 27 in December when is the best time to get life insurance and pensions?
Page 1
    • dunstonh
    • By dunstonh 10th Oct 16, 12:00 PM
    • 87,716 Posts
    • 52,959 Thanks
    • #2
    • 10th Oct 16, 12:00 PM
    • #2
    • 10th Oct 16, 12:00 PM
    when is the best time to get life insurance
    It is best to buy life assurance when you have a financial need for it.

    and pensions?
    Earlier the better. On birth is the best time but you need parents/grandparents willing to fund it and its out of your control. However, when you start work is next. If that is at 18 then so be it.

    Every year of delay will increase the amount you need to contribute each month to end up with the target income.
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. Different people have different needs and what is right for one person may not be for another. If you feel an area discussed may be relevant to you, then please seek advice from a Financial Adviser local to you.
    • HappyHarry
    • By HappyHarry 10th Oct 16, 12:02 PM
    • 333 Posts
    • 392 Thanks
    • #3
    • 10th Oct 16, 12:02 PM
    • #3
    • 10th Oct 16, 12:02 PM
    Pensions: As soon as possible, unless you have debt at high interest rates that you need to pay off first.

    Life assurance: As soon as you have someone else dependant on your income.

    If you don't have anyone else dependant on your income, you may want to consider an income protection policy to protect your own income.
    I am an Independent Financial Adviser. Any comments I make here are intended for information / discussion only. Nothing I post here should be construed as advice. If you are looking for individual financial advice, please contact a local Independent Financial Adviser.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

138Posts Today

1,148Users online

Martin's Twitter
  • Just leaving Manchester after the funeral of my beloved grandma Gladys who passed away last night.

  • The strange thing with a 4yr old is having to play & smile while inside feeling sick for those in trauma in my birth town #Manchester

  • Just a quick ta-ta for now. I'm taking the week off for family time with mini and Mrs MSE. So I won't be here much. Back after the bank hol

  • Follow Martin