Life Insurance: Why Waiting Limits Your Options
Life Insurance: Why Waiting Limits Your Options
Let’s face it. It can be easy to put off buying life insurance. There seems to always be a number of other priorities to address. Ifย you like having options, however, there is no time like today to get started building your life-insurance program.
Why? Because waiting limits your options when it comes to life insurance. Here’s how.
Life Insurance Generally Gets More Expensive as You Age
One of the most significant aspects when it comes to pricing life insurance is the age of the applicant. The younger you are, the less it will cost you on a per-thousand basis. Waiting on the other hand, will likely make it more expensive and ultimately limit how much you can afford. Buy life insurance when young to maximize how much you can buy.
You May Become Ineligible
Waiting to purchase life insurance may make you ineligible to purchase it in the quantity you would like, or even at all. Your health or physical condition could deteriorate. You could sustain injuries in an accident or become ill. You can’t assume you will always be eligible to purchase insurance in the amount you may desire.
Waiting Limits the Time for Permanent Life Insurance to Build Value
Permanent or whole life insurance can build value for future use. It can be borrowed against to help buy a first car, pay for college expenses or to even use in an emergency or opportunity. Waiting to purchase life insurance can significantly shorten the time period your policy will have to build value. It is why many parents or grandparents will purchase life insurance on children and grandchildren.
If life insurance has yet to become a part of your long-term financial plan, waiting will only serve to limit your options. That’s why we invite you to contact one of our independent life insurance agents. We can discuss your present life situation, your obligations and your goals. We’ll create a plan to help you achieve those goals affordably. Our agents have the ability to get quotes from multiple companies, again, giving you more options. Don’t wait. Take advantage of as many options as possible by securing your life insurance program today. We are here to help.
Do you have questions about your insurance? Find an insurance agent near you with our Agent Finder
Search All Blogs
Search All Blogs
Read More Insurance Blogs
Insuring the Unexpected: A Glimpse into the World of Bizarre Insurance Policies
From Million-Dollar Legs to Kidnap Insurance: Unveiling the Quirky World of Unusual Policies
Cracking Down on Insurance Fraud: Protecting Yourself and Your Community
Combating Insurance Fraud: Understanding the Risks and Taking Action
The Marriage-Insurance Connection: How Getting Hitched Affects Your Coverage
Marital Bliss and Insurance: Navigating Coverage Changes After Getting Married
Life Insurance for College Graduates: Why You Need It and How to Get It
Life Insurance for College Graduates: A Smart Investment for Your Future
Pre-Existing Conditions: What You Need to Know Before You Buy Insurance
Pre-Existing Conditions and Insurance: A Comprehensive Guide
Demystifying the Insurance Declaration Page: What You Need to Know
Insurance Declaration Page: What It Is and Why It’s Important
Why You Need a Human Insurance Agent
Human Insurance Agents: The Best Way to Protect Yourself and Your Assets
How Your Smartphone Can Help You Get the Most Out of Your Insurance Claims
Smartphone Insurance Tips: How to Use Your Phone to Get the Most Out of Your Claims
Life Insurance: Factors That Affect Your Rates
Life Insurance Rates: What You Need to Know
Decreasing Term Life Insurance: When is it Right for You?
Decreasing Term Life Insurance