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Does the cost of life insurance increase or decrease as you age?

1 Answer

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Final answer:

The cost of life insurance generally increases as you age due to a higher risk of dying and potential health issues.

Step-by-step explanation:

Life insurance is a type of insurance that provides a financial benefit to the beneficiaries of the policyholder upon their death. The cost of life insurance generally increases as you age. This is because as you get older, your risk of dying increases, so the insurance company needs to charge higher premiums to cover that risk. Additionally, older individuals are more likely to have health issues, which can also impact the cost of their life insurance.

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User Jlareau
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