Premiums for permanent insurance are more expensive than premiums for term insurance when you are younger because

Name: Premiums for permanent insurance are more expensive than premiums for term insurance when you are younger because
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Permanent insurance premiums are more expensive when you are younger because they are designed to remain level throughout your life, not increasing with age, unlike term insurance which is cheaper initially but can increase as you age.

Premiums for Permanent Insurance Are More Expensive Than Premiums for Term