Sarah and her husband would ideally have bought term life insurance as soon as they have dependents or significant financial obligations. This typically occurs when they get married, started a family, or take on a mortgage. By purchasing life insurance early on, they would have locked in lower premiums while they were younger and likely healthier, making the coverage more affordable.
However, even if they hadn't obtained life insurance at the earliest opportunity, it's never too late to prioritize it. Life insurance becomes increasingly crucial as responsibilities and financial commitments grow. So, as soon as Sarah and her husband realized the need to protect their family's financial future, they should take steps to secure a term life insurance policy..
