I’m turning 80 Am I too old to buy life insurance?
Like most insurance, life insurance is cheaper to buy the younger you are when you buy it. This is great news if you’re in your 20s or 30s, but what if you’re a little older and in the market for a new life insurance policy? How old is too old?The answer depends on the type of life insurance you’re shopping for, but one thing’s for certain — no matter what your age today, it’s better to buy a life insurance policy now rather than waiting a year. The price goes up as you get older Premiums for term life increase by about 8% per year in your late 40s, and that rate of increase continues to climb to 9-12% per years after age 50.To illustrate this, we used Policy Genius Life insurance…