Four Reasons Why You Should Buy Life Insurance Now

A mom and her son share a hug after she learns why the best time to buy a life insurance policy is now

When it comes to life insurance, shopping for it sooner is always better than later. Life insurance is something we often think about, but tell ourselves we’ll come back to, so before putting it off any longer, learn more about why you should buy life insurance now to secure your family’s financial future.

  1. You Started Looking For Life Insurance

    Life insurance is a great way to make sure your loved ones are financially secure should something happen to you. Not only is it worth the peace of mind, but it can actually be more affordable than you think. While it’s a good investment at any age, the sooner you shop for life insurance, the easier it is to lock in a favorable rate on your policy.

  2. You Know You Need Life Insurance

    Waiting to purchase a life insurance policy can not only cost you more in the long run, but it may impact your ability to purchase a policy in general. There is truly no better time than now to consider buying life insurance. Each year you delay buying life insurance, the cost of premiums can increase, on average, by 8-10%. And as we age, the more likely we are to develop medical complications that can lead to higher premium payments or being declined for coverage altogether.

    Term life insurance tends to be more affordable, especially for individuals who are younger and in better health. While whole life insurance tends to be more expensive, it could have varying perks for some people. Regardless of the type of policy you choose, you know you need life insurance, and sooner is always better than later.

  3. Right Now is the Best Time to Buy Life Insurance

    From day-to-day, life insurance can seem like just another expense, when in reality, it can save your family from significant financial strain if something were to happen to you. If no life insurance policy is in place at the time of your passing, your family could be responsible for:

    • Student loan debt
    • Emergency or medical costs
    • Healthcare
    • Mortgages
    • Credit card debt
    • College tuition

    Life insurance is an affordable way to protect the people you love and care about most. It’s a safety net so your family can continue living life and pay for important things like the mortgage, college tuition and even final expenses in the event you are unable to do so. Buying a life insurance policy now can give you and your family invaluable peace of mind for the future.

  4. We Shop Life Insurance For You

    With so many options and things to consider when looking for life insurance, we’re here to help you through the process. Working with SelectQuote is the easiest way to compare rates and coverage from some of the most trusted life insurance carriers, while also getting all of your life insurance questions answered.

We do the shopping. You do the saving.