The Cost of Waiting to Purchase Life Insurance

A man with his laptop is surprised to learn that waiting to buy life insurance ended up costing him more in the long run

Shopping for life insurance can be an easy task to put off, but the longer you wait, the more money you’ll have to spend. Learn why no time is better than the present to get the life insurance coverage you need.

Four Reasons to Buy Life Insurance Now

  1. The longer you wait, the more expensive life insurance gets.

    As the years go by, the difference between what you could pay each month for life insurance can be drastic. The cost of life insurance is based on risk, and as you age, you naturally become a bigger risk to insure. Life insurance companies make up for this risk by charging higher life insurance rates.

  2. Buying life insurance while you’re young and healthy can cut costs.

    The older you get, the chances of a health issue arising increases. Unless you’re applying for no medical exam life insurance, most life insurance policies will request a brief medical exam in addition to your medical history. Buying life insurance while you’re young and healthy will give you a greater chance of finding favorable rates.

  3. Considering your future could save you money.

    When you purchase a life insurance policy when you’re younger and healthier, you lock in that life insurance rate—making it easier and more affordable to get additional coverage as your needs change in the future.

  4. If you buy health, home and auto insurance, you should also consider life insurance.

    Just like with auto or home insurance, life insurance is something you hope you never have to use. Having a financial security net for your loved ones can give you invaluable peace of mind for the future.

Don’t wait—get a free life insurance quote from SelectQuote today.

We make buying life insurance from some of the most trusted carriers quick and easy. We can quickly help you determine what kind of life insurance policy is best for you and what might have an impact on your life insurance rates.

We do the shopping. You do the saving.

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