Is Life Insurance Cheaper To Buy When You Are Younger?

Life insurance is cheaper to buy when you are at a younger age, if your health is good, or you have no other risk factors that may increase your rate for coverage. 

Some things that can afflict a younger person do not usually show up as much in older people, including: 

DUI's, type 1 diabetes, a suspended drivers licenses, suicide attempts, and certain mental disorders, to name a few. 

While under the age of adulthood, some of these conditions can make it very difficult or even impossible for a child or teen to get life insurance, although there are usually life insurance policies to be had for each of these after age 19. 

And sometimes more years of control or stability can actually bring the rate down for life insurance coverage.

However, in the absence of those situations, it is usually cheaper to buy life insurance when you are younger. The insurance company determines your rate for life insurance in part on your age, and the younger you are, the longer your life expectancy in many cases. So, the longer you would pay premiums on your life insurance before the insurance carrier would have to pay a death claim.

Here's how to get instant life insurance rate quotes to help you find the lowest price for your life insurance coverage.