There are only a couple of years left to my term renewal date, why don’t I just wait until then?

It's your health that purchases an insurance contract. The healthier you are, the more likely you are to be approved and the reverse is true. As such, what your health condition will be in the future is unknown. You should always take advantage of your current good health to purchase your insurance. The longer you wait, the higher the risk of experiencing a health changing event that may prevent you from being insurable.

Your age: as you get older, the premiums associated with the insurance you contemplate will increase. The older you are at time of purchase, the higher the premium.

The rates for insurance offered by insurance companies. Insurance companies revise and change their rates for insurance continually to keep up with the changing economic situation, statistics, profitability and so on. Therefore, what a contract may cost today for a certain age may not at all be the same in the future.