Why do older people pay more for life insurance?

Why do older people pay more for life insurance?

Although there are exceptions, a 30-year-old will likely receive a lower premium quote than a 40-year-old, and a 40-year-old will pay less than someone who is 55 or older. Life insurance rates increase as you get older because advanced age typically corresponds to health complications or just a shorter lifespan. Jan 13, 2022