I am 32 years old, recently engaged, and finish residency in June. No debt, though my partner has enough for the both of us with her professional training. No kids.
At this point I feel like I don't have a specific need for life insurance. However, already during residency I had a back injury (now recovered) that was a big scare and would be a huge road block for future disability insurance applications, though I was lucky enough to have locked in some good coverage before that occurred. As such, I'm particularly concerned about future insurability and developing a pre-existing condition or medical paper trail from any random future doctor's office visit. Is this a reasonable concern and reason to get a term life policy this early? They are relatively cheap so for low $50 a month range for 1.5 million 20 year term that would take us into our period of when I plan to be financially independent.
We don't have a mortgage to secure, no kids to worry about though both are likely in the future within the next 5 years.
At this point I feel like I don't have a specific need for life insurance. However, already during residency I had a back injury (now recovered) that was a big scare and would be a huge road block for future disability insurance applications, though I was lucky enough to have locked in some good coverage before that occurred. As such, I'm particularly concerned about future insurability and developing a pre-existing condition or medical paper trail from any random future doctor's office visit. Is this a reasonable concern and reason to get a term life policy this early? They are relatively cheap so for low $50 a month range for 1.5 million 20 year term that would take us into our period of when I plan to be financially independent.
We don't have a mortgage to secure, no kids to worry about though both are likely in the future within the next 5 years.
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