Life Insurance and the Cost of Waiting - Knight Magee Insurance

When is the best time to apply for a life insurance policy?

The answer is: the sooner, the better.

Life insurance rates are based on your age and health at the time of your application. It’s important to take out life insurance sooner than later. With each passing year, the cost rises and anything could pop up, derailing your plans to secure coverage.

Let’s take a look at how much life insurance would cost you at 20, 30, 40 or 50 years old:


AgeDeath Benefit: $250kDeath Benefit: $500k


AgeDeath Benefit: $250kDeath Benefit: $500k

As you can see from the charts above, the rate goes up the older you get. Now is the time to buy and lock in your rate.

Don’t want to wait any longer?

Contact us today to run a custom quote.


Want to know more?

We offer a variety of life insurance solutions and can tailor a product around your individual need and budget. Read our blog, Life Insurance and the Products We Offer, or visit our life insurance product page.

1Rates based on 30-year term, preferred non-smoker rating class, quoted through Banner Life.

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