Life insurance is one of those events like going to the dentist or filing your income tax return – you know you need to do it, but just don’t feel like doing it today , just we postpone it for next time.
It may be costly sometime because of the following reasons .
- The older that you are, the more expensive your life insurance premium will be.
- If you’re in good health now, then now is the best time to buy life insurance policy. The condition of your health is never guaranteed, and by delaying applying for life insurance by a few months, or a year or two, could find you dealing with a serious health condition like Diabetes or Heart Attack , the premium for the Life Insurance will shoot up like anything.
- None of us knows what the future holds, and that includes how long we’ll live. One of the biggest financial tragedies in human existence is a person who dies without any life insurance at all. It’s tragic because it’s fully preventable.