Not exact matches
These same people will resurface
years later as they get older to reconsider the purchase of low cost
Term life insurance only to find the
rates are now much higher
due to their current age.
Moreover, the I.I.I. is anticipating that
term life insurance premium
rates will drop 4 percent this
year when compared to last
year, primarily
due to falling death
rates for the 25 - 44 age group — the primary age range for purchasing
life insurance — over the past 10
years.
People have grumbled for
years that
term life insurance pricing is so low
due to the lapse
rate, either outliving the
term or just getting tired of paying for it.