The price you pay for life insurance will increase with your age, so it makes sense to lock-in a lower rate now while you are young.
In addition, the longer you wait to buy your life insurance the more you risk developing a health issue that may disqualify you from being able to buy life insurance, or at least require that you pay a much higher premium for your policy.
If you want permanent life insurance but you're on a budget, term life insurance or a combination of term and permanent policies may offer lower premium payments.
Permanent life insurance usually costs 2 to 3 times more than the same amount of term life insurance.
Term life offers you life insurance protection for a period of 10, 15, 20 or 30 years, giving you the flexibility to choose the plan that meets your specific needs.
Here's how you can compare rates on life insurance from several of the best life insurance carriers.