Chicago, IL (PRWEB) May 09, 2014
YourLifeSolution.com, a service which generates instantaneous life insurance quotes without requiring personal information from Internet users, is today showing consumers just how much life insurance costs increase when those consumers procrastinate in purchasing permanent life insurance. "Not only are people paying drastically more for life insurance by waiting until they are older, but they also receive fewer years worth of coverage and they generally see a much lower return-on-investment since the total premiums paid in will usually be far higher at the time of death if coverage is purchased late in life," said Eric Smith, the founder of YourLifeSolution.com.
In the text below, YourLifeSolution.com illustrates the best rates for $1,000,000 of permanent life insurance on a completely healthy applicant versus the cost of purchasing the same coverage 10 years later in life.
Cost Difference of Purchasing $1,000,000 of Permanent Life Insurance at a Later Age
age 25- $253 per month
age 35 $372 per month
age 45 $564 per month
age 55 $959 per month
age 65 $1682 per month
"The numbers don't lie, it's always better to buy life insurance sooner than later if you're healthy," said Eric Smith.
Consumers interested in permanent of term life insurance are encouraged to visit YourLifeSolution.com to get their own instant quotes. Information can also be obtained by phone from Eric Smith at 888.374.2764.