The Hidden Costs of Waiting to Buy Life Insurance
When it comes to life insurance, waiting often feels harmless. You might tell yourself, “I’ll do it next year,” or “I’m still healthy, I have time.” But the truth is, waiting to buy life insurance can cost you—both financially and emotionally.
Whether you’re newly married, starting a family, building a business, or nearing retirement, locking in coverage early is one of the smartest financial moves you can make.
Why It Gets More Expensive Every Year
Life insurance pricing is based heavily on age and health. A healthy 35-year-old might pay $50/month for a $1 million term policy. Wait just five years, and the same policy could cost $80—or more if your health changes. That’s an extra $11,000 over the life of a 20-year policy.
And once medical issues arise, you may lose access to preferred rates—or become uninsurable altogether.
It’s Not Just About You
Life insurance is about protecting the people who depend on you. A delay in coverage means leaving your family financially vulnerable. If something happens unexpectedly, the opportunity to secure coverage at a good rate is gone forever.
Even if you don’t need permanent insurance now, locking in a low-cost term policy ensures your insurability is protected.
At Diversified Insurance Brokers, we help clients compare top-rated options and build coverage that grows with them—whether that’s term life, whole life, or a combination of strategies.
Visit our life insurance page here:
https://www.diversifiedquotes.com/services/high-risk-life-insurance/
Contact Us Today:
Ready to explore insurance and annuity options that offer guaranteed income, principal protection, disability, life insurance, Social Security and Medicare reviews, and long-term financial growth? Let the expert advisors at Diversified Insurance Brokers help you find the right strategy for your retirement goals.
📞 Call us at 800-533-5969
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