Costs Of Waiting For Insurance
The best time to start
investing is now. Waiting longer will likely cost you
in the long run. Please Click on a link below for more
information on investing.
If you start investing at age 30 and invest $1,000 each year for ten years earning 8% per year.
stop contributing after 10 years. Your investment continues
to earn an 8% annual return. When you reached age 65,
your $10,000 will have grown to $106,053. If you start
investing at age 40 and invest $1,000 each year for
also earning 8% per year. At
the end of the period, your $25,000 investment is worth
As you can see, in the first scenario although you
contributed to your investment for 15 fewer years than
you would at age 40 and invested $15,000 less, you
accumulated $28,194 more for retirement.*
So what’s the difference? Time and power of compounding!
The solution is simple: talk to
our insurance professional about getting started today,
putting time on your side.
*This is a hypothetical scenario and is not representative of the performance of any particular investment product. Taxes are not taken into account. Your results may vary.