Term Insurance Costs Increase Substantially After 45!
This article explains why millennials should purchase life insurance before age 40. Monthly premiums are calculated based on actuarial table and life expectancy. Premiums and overall prices for life insurance only increase as you age. Get insured at InsuredTY today!
Did you know?!?! An average 30 year old only pays $27.46 for $500,000 worth of coverage compared to a 60 year old who pays $262.16! Prices skyrocket after age 40!!!
Why do rates increase so highly after your 40’s?
The rate to insure an individual increases annually. This is simple, since every birthday puts every human closer to their life expectancy. The older you get, the more risky it is for an insurance company to issue you an insurance policy. With that being said, it is very important to buy life insurance earlier in life in order to avoid those lingering higher costs!
