If procrastination is a barrier for you to get the big and small things done in your life then, try out these tips to help fix it. When it comes to planning for your future, don't let procrastination hold you back.

Swear you’ll start it tomorrow? You may not be alone. 58% of Canadians are kept awake at night worrying about what would happen to their family’s finances if they weren’t around to provide for them, according to a 2018 poll conducted by Ipsos on behalf of RBC Insurance. And yet, only 4-in-10 say they planned ahead by getting life insurance.

Here are five ways you might be talking yourself into waiting, and how to stop listening if a little voice is saying “You can put it off until later.”

“I’m too tired.”

When the daily grind slows to a halt and the kids are finally in bed, it can be hard to muster the energy to think strategically about tomorrow, let alone twenty years from now. Research released in 2017 by workflow management software company, Redbooth, indicates that nighttime may not be the right time to tackle a big project. Data collected over two years from the company’s hundreds of thousands of users, shows a surge in task completion between 9-11 am, a drop after lunch, and a significant decline after 4 pm. Make time to look at important issues like financial planning or life insurance in the morning.

“I’m overwhelmed.”

Breaking down difficult tasks into manageable sub-goals might be the difference between getting started and staying stuck.

If the big picture seems too big, try starting small. Breaking down difficult tasks into manageable sub-goals might be the difference between getting started and staying stuck. If you have a goal of losing 50 lbs, as an example, start off by planning out the first 10 lbs, then reset your goals once that milestone was met.

Example of steps to help you get life insurance:

  1. Make a list of the things you want money to be available for to help your family, like post secondary education, clearing up bills or debt, maintaining your salary for 5 years and to cover funeral costs. Find out how much life insurance you need with this life insurance calculator.
  2. Ask your work if you have any coverage through them and how much so you can see if there is a gap in your need.
  3. Discuss with your spouse or partner and have them make the same lists.
  4. Get life insurance quotes online to find out how much your ideal amount of insurance, based on what you’ve calculated above, costs. Adjust the benefit amount if necessary to better fit your budget.
  5. Speak with a Life Insurance Advisor, they can help do a full needs analysis with you and answer any questions you may have.

“I’m too distracted.”

With plenty to do and the internet at our fingertips ready to help do it, locking down life insurance should be easier than ever, right?! Turns out, phones may be making it harder to concentrate on the task at hand. A 2017 study published in the Journal of the Association for Consumer Research, measured participants’ cognitive capacity when their smartphones were on their desks, in their bags or pockets, or in another room. Results showed that the greater the distance placed between a person and their phone, even when not in use, the higher levels of working memory and fluid intelligence they displayed.

“I find it boring.”

Planning for the future doesn’t have to spark joy, but that doesn’t mean it has to be a snore either. Upping the fun factor may make the process more enjoyable and leave you less prone to procrastination. If music’s your jam, crank it up! The right music may be a major motivator, producing power-related cognition and behaviors, including abstract thinking and making a first move according to a 2014 study by researchers at Northwestern University. If a little air makes you feel fresher, open a window or step outside. In 2017 researchers from Harvard, Syracuse University, and SUNY, found that increased ventilation resulted in better decision making, planning, preparation, and strategizing among workers.

“I don’t know where to start.”

Even when you can see the finish line, the starting line might not be totally clear, especially when it comes to something as important as planning for your family’s future.

If you’re looking to buy life insurance but don’t know where to begin, it may be time to call in a pro.

An RBC Life Insurance Advisor can provide you with the resources and support your need to find the right product for your family.

Call 1-866-223-7113

Call 1-866-223-7113


This article is intended as general information only and is not to be relied upon as constituting legal, financial or other professional advice. A professional advisor should be consulted regarding your specific situation. Information presented is believed to be factual and up-to-date but we do not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the authors as of the date of publication and are subject to change. No endorsement of any third parties or their advice, opinions, information, products or services is expressly given or implied by Royal Bank of Canada or any of its affiliates.