Photo by Ketut Subiyanto
“Insurance, how much?” When people ask such a question, they are often surprised by the answer—because life insurance, especially if you are young and healthy, is typically cheaper than your daily coffee or monthly streaming subscriptions.
Many skip life insurance because they assume it is expensive, confusing, or something they can always get later. But here is the truth: the earlier you lock it in, the cheaper it is—and waiting can cost you more than you expect.
The Cost of Waiting
Life insurance pricing is based on several factors: your age, income, current health status, and the type of plan you choose (term or whole life). If you wait, you will likely need to go through underwriting—a process where the insurer evaluates your health through medical exams, questionnaires, and sometimes lab work. If health concerns arise, you may face higher premiums or even be declined coverage.
Compare that with applying when you are younger and in decent shape: not only is the rate significantly lower, but you may also avoid the underwriting process altogether or pass it with flying colors.
Whole Life and Flexible Plans: More Than Just Protection
Many assume life insurance is just for when you pass away, but whole-life policies come with built-in benefits. These policies include a cash value component that grows over time—an asset you can borrow from later. When you consider flexible plans available today, you can tailor coverage to fit your lifestyle and financial goals.
Whether you are a new parent, a solo entrepreneur, or just planning ahead, life insurance can serve as a long-term strategy to support your income, protect your family, and invest in your future.
Healthy Living = Lower Premiums
Here is where things get even more practical: your lifestyle choices directly impact your premiums. Non-smokers, those with a healthy weight, and people without chronic illnesses usually pay much less. But even if you are not there yet, small changes—like improving your diet, exercising, or quitting smoking—can help you qualify for lower rates.
In many cases, the savings are worth more than the subscription boxes, Uber Eats runs, or impulse buys that drain your wallet each month.
How Much Life Insurance Do You Really Need?
It is not just about how much insurance costs. It is also about how much you need. That depends on your financial responsibilities, family situation, debts, and goals for the future. If you are unsure where to start, this guide by the Insurance Information Institute breaks it down clearly:
Final Thoughts
Your daily spending habits say a lot about your priorities. Swapping a few indulgences for long-term protection can set you up for a more secure future. Getting covered now is not only wise—it is more affordable than you think.
Life Insurance Questions?
We hope that this information on “insurance, how much?” is useful to you.
If you’d like to learn how we can help you plan your retirement, call Empower Brokerage at (888) 539-1633 to speak to one of our Life and Annuity experts or leave a comment down below. And if you’re still deciding between policy types, don’t miss our article on Term vs. Whole Life Insurance to find the best fit for your lifestyle and goals.
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