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Sitemap > Insurance Articles > Health Insurance > Should I buy Health Insurance at Later Stages of Life?
There are many people searching for an answer to the above stated question. The people belonging to this pool are confused as to when to buy health or medical insurance. There are myriad people who are of the view that these products are used at later stages of life, as the human body becomes more prone to health issues. But is this view correct? 
No, these people cannot be right unless they change their thought process. These products are not designed for old age, but instead offer financial coverage to people at the time of medical emergency, which a person can face at any time of life, regardless of the age factor. These products, if bought at an early age, bring along with them numerous benefits. A few of them are as follows:-
Buying health insurance at an early age keeps the policy holder financially secure and helps him/her to seek financial assistance against medical contigencies.
The premium amount paid at an early age is far less than that paid at later stages of life.
One should not forget that an unforeseen incident can come at any time in life and if a person is not insured, the family might have to face financial hardships. Thus, it is better to be insured at the earliest.
Buying at an early age might increase the sum insured amount, as cumulative bonus for every claim-free year adds to the insured amount.
Many plans come with cover ceasing age, beyond which there is no coverage offered. Thus, one may be left with very few options and that too would be highly priced. At an early age, there would be numerous options. So, a person can buy a health insurance plan that comes with lifelong renewal and enjoy coverage for their entire life.
There is always some waiting period associated with health insurance plans. So, in old age, a person will not get coverage for few years after policy issuance. Thus, buy it today so that the waiting period and all such conditions get elapsed and one can get coverage when required.
Thus, an individual should take care of all these points and buy a plan at an early age such that he/she can enjoy life to a greater extent. The facility of lifelong renewal is deemed to be very beneficial in the long run.  
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