The younger you are when you buy term life insurance, the lower the premiums tend to be.

Name: The younger you are when you buy term life insurance, the lower the premiums tend to be.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This is true because term life insurance premiums are based on the age and health of the insured. As you age, the risk of mortality increases, which means the premiums will be higher. Therefore, buying term life insurance when you are younger can help you lock in lower premiums.

The Younger You Are When You Buy Term Life Insurance