How might your life insurance premiums depend upon when you initially purchase the policy?

2 answers:

7 0

life insurance on which the face value slowly decreases in scheduled steps from the date the policy comes into force to the date the policy expires,

vfiekz [6]3 years ago

3 0

Answer:

The age you are when you purchase life insurance is the biggest factor in how much you will have to pay. The premium amount typically increases about 8% to 10% for every year of age. The older you are, the more expensive you are to insure. When you are in your 40s, your rates increase from 5%-8% and when you are over 50, your rates increase by 9%-12% each year.

Step-by-step explanation:

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