Why Waiting to Buy Life Insurance Costs More

When most people think about life insurance, they think of it as something they’ll “get to later.” But if you wait too long—until your health declines or your finances tighten—you may lose access to the best, most affordable policies.

In this video, Frank Biaggi, CEO of Biaggi Life, breaks down exactly what kind of policy you should be looking at now, not years from now—and why starting sooner can save you thousands.

This blog is the written version of a YouTube video by Frank Biaggi, CEO of Biaggi Life.

“Buy a $100,000 policy. I don’t care what age you are.”

That’s the message Frank shares plainly. Whether you’re 26 or 62, the right time to buy life insurance is before you think you’ll need it.

Why? Because the best policies—those with long-term guarantees, living benefits, and real cash value—are only available when you’re in good health. Once you’re sick or considered high-risk, your only option may be a limited and expensive plan like graded benefit insurance.

Let’s take a real example Frank shares in the video:

• $100,000 of life insurance
  
• Locked in for life with a no-lapse guarantee to age 90
  
• For a 26-year-old healthy woman: just $29/month
  
  

In 10 years, the projected cash value is over 50% of what she’s paid in.
In 20 years, it’s closer to 80%.

This is the kind of value most people miss out on by waiting.

These Policies Are Flexible—and That Matters

Life changes. Expenses come up. You don’t want a policy that locks you into something you can’t adjust.

Modern, competitive life insurance policies let you:

• Reduce your premium by lowering the death benefit
  
• Keep the policy active through financial ups and downs
  
• Use the benefits while still alive, in the case of chronic illness or nursing care
  
  

“You can always sell it... people will buy your life insurance policies, and they’re worth a lot of money.”

This is especially true for policies with strong guarantees through age 90 or beyond.

The Problem: Most People Don’t Have an Agent Who Stays

One reason people give up their policies? They don’t know how to manage them over time.

According to Frank:

“Most agents only stay in the business two to three years.”

That means when it comes time to adjust or review your plan, your original agent may be long gone. That’s why having access to someone who can help you understand your options and keep your policy working for you is just as important as the policy itself.

What Happens If You Wait Too Long?

If you wait until your health declines, your options narrow. Instead of a $100,000 policy for $29/month, you might only qualify for a $10,000 policy for more than double the cost.

That’s what happened in Frank’s earlier example of a 62-year-old man with poor health. For $77/month, he could only qualify for a graded benefit policy with delayed payout and minimal coverage.

Bottom Line

If you're healthy now, even if you’re not thinking about life insurance yet, this is the time to act.

• The coverage is stronger
  
• The premiums are lower
  
• The benefits are more flexible
  
• And it becomes a real financial asset, not just a backup plan
  
  

“Everybody should have a policy like that.”

At Biaggi Life, we make sure your life insurance truly works for you.

With decades of experience, I’ll help you secure the right coverage.

If you want an expert to review your policy and protect your best interests, book a virtual meeting today.