You’re healthy, so you don’t think you need to insure yourself against sickness, injury, or death. The older you get, however, the more expensive insurance gets.
What to do: Start paying now and you’ll pay less. “The sooner you buy, the better off you are,” says Suzanna de Baca, vice president of wealth strategies at Ameriprise Financial. If you get insured at age 25, instead of waiting until you’re feeling mortal at 55, de Baca says, you can save up to $10,000 across those three decades.