Why Are Life Insurance Premiums More Expensive as I Get Older?

Why Are Life Insurance Premiums More Expensive as I Get Older?

There are many important factors determining a person’s insurability and the amount of premium they will be charged for a life insurance policy, but age is the single most important. Because the possibility of death increases with age, this is the first stop in determining the risk classification a person falls into, which also determines how much they will be paying for coverage.

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