Do life insurance premiums increase with age?

+1 vote
asked Oct 13, 2017 in Insurance by fghu (220 points)
Do life insurance premiums increase with age?

1 Answer

0 votes
answered Oct 14, 2017 by hootcooing (380 points)
With some life insurance companies insurance premiums do tend to go up when you get older.

But if you look around and shop around for life insurance you can get what is called Term Life Insurance which is guaranteed not to rise the older you get and provides a maximum death benefit at the lowest cost.

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