Free tool · Real data
What does waiting to buy life insurance cost you?
Term life premiums rise every year you wait. Drag the slider to see the real cheapest monthly premium for a non-smoking male, $500,000, 20-year term at each age — and how much waiting adds up to over the term. Built from 19,237 real premiums across 7 insurers.
35
2560
At age 35
$30.35/mo
Equitable Life of Canada
If you'd bought at 25
$29.05/mo
Equitable Life of Canada
Waiting from 25 to 35 costs you about $1.30/month
That's $312 more over a 20-year term (+4%) — for the same coverage.
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Figures are sample premiums subject to underwriting; the cheapest carrier may differ for your exact profile. Rates extracted 2026-08-23.