LifePolicyFactsInsurers price cover on the risk of dying during the term. Each year you wait, that risk rises, so the same cover costs more. Health changes can add to the cost or make cover harder to get.
Why prices rise with age
Premiums are set from age, health, smoking status, cover amount and term length. Age is the factor you cannot change, so younger applicants usually pay less for the same policy.
Example
| Age at purchase | Monthly premium (illustrative) | Total over 20 years |
|---|---|---|
| 30 | 22 | 5,280 |
| 35 | 29 | 6,960 |
| 40 | 42 | 10,080 |
In this illustration, waiting ten years raises the total cost by nearly 4,800. Use the Cost of Waiting Calculator with your own quotes.
The health risk
A new condition, a higher weight or a smoking habit can raise your rate or lead to exclusions. Buying while healthy locks in the better category for the full term.
Frequently asked questions
Is waiting ever sensible?
If nobody depends on your income and you have no debts, you may wait. Review as soon as that changes.
Do rates change by country?
Yes. Regulation, tax and competition differ, so use local quotes.
Educational content only. Not insurance, financial or legal advice. Figures are illustrations; check real quotes and policy documents.