The best time to qualify for a life insurance policy is while you are young and healthy. It’s more than just a matter of qualifying, it could cost you thousands to delay the decision, even just a year or two.

A few key factors to consider at what waiting could end up costing.

• Rates will never be lower than what they are when you are young.
• Do you feel you will be healthier in the future than you are today? Our health typically declines as we get older, it can take you from a preferred rate, to a standard rate, down to substandard, or even declined for coverage.
• As rates increase the cost over the lifetime of the policy could cost you thousand to tens of thousands just for waiting a few years to start.

I have talked with many clients over the last few weeks since the start of “Insure your love month” and one of the most common phrases, “I don’t know why I didn’t start this sooner”. Over and over I hear how they regret waiting, and in some of these cases, that waiting has made it so they can no longer get a policy.

As life insurance rates increase, it reduces the power of your dollar to multiply and provider higher coverage limits. If you are building a policy based on cash value growth, or tax strategies, every year you wait and think about it will cost you precious time and money down the road.

The simplest method to combat this, start an application today. If you think you need to think about it, so does the insurance company. They will evaluate the application and we can then see what you qualify for. You can get started and not pay anything till you are approved. Would it hurt to start a conversation?

Use the button below to book an appointment.

David Moliterno FSCP, AFIS