There are several reasons for purchasing life insurance now:

1. You cannot predict the future or the timing of your death.

2. The cost of life insurance is based on your age: the older you get, the higher the premium.

3. Permanent life insurance contains a cash-value element that grows tax-deferred (with no immediate taxes) inside the contract. The more time the cash value has to accumulate, the greater the value will be.

4. Buying now can help you avoid future insurability problems. Insurability is based on a variety of factors, including health and age, and rates are affected by certain health conditions, which may not be present now but may develop in the days ahead.