We will save more next month
In the past we had a very bizarre weekend ritual. We would go out every Sunday afternoon and look for a new TV. This habit included stopping for a coffee and of course a cake, followed by a visit to all the malls within a suitable driving distance, well I had to put my foot down somehow. This went on for 4 years, during that time I had put weight on, from all the cakes of course! Enough was enough. I went out and bought the TV. So we had saved a few dollars but if you factor in all the coffee’s, cakes and gasoline it ended up costing a small fortune. Waiting to buy life insurance could be worse, during the wait something could have happened making the exercise pointless. When shopping for cheap life insurance it pays to use a price comparison site, obtain at least three quotes and select the most appropriate quote. Still not convinced? Here are 5 reasons why putting of buying life insurance is a bad idea.
1 – Life Insurance pays out on death
The Policy pays out on death. So if you are shopping around trying to get a better deal as with the TV and you take your time and something happens, well its too late. Somethings are just not worth waiting for. Can you really take these risks when looking to protect your loved ones? Of course if we all knew the date that we were going to die then we could arrange our life insurance in advance of this, but sadly this is not the case.
2 – Life Insurance premiums increase with Age
In the 4 years we were looking for the TV, would the life insurance premiums have got any cheaper? Sadly not, they increase as you get older so it doesn’t pay to wait. In fact the longer you leave it the more expensive the policy will become.
3 – Life Insure cost is related to health
Closely related to your age is your health. Sadly as we get older, our health generally declines. Therefore not only are you penalised by insurance companies for getting older, they also look at you as a high health risk factor. Of course you needn’t worry about medicals, as you can obtain life insurance coverage without the need for a medical exam.
4 – Life insurance is affordable
The overriding reason why most americans do not take ou life insurance is because of the perceived cost. It will surprise you to know that these polices are inexpensive and until you have looked at the cost, how can you say it is expensive? Use a price comparison site to see how inexpensive and affordable life insurance can be.
5 – Life Insurance companies need new business
Insurance companies need your business as much as you need to take out life insurance. They need to constantly increase the numbers of people insured to provide a healthy risk profile across their insurance books. by comparing quotes you will be able to see which insurance companies are actively seeking new business.
There really is no sensible reason to put off purchasing life insurance. By waiting you are putting the financial health of your loved ones at risk.