Today I want to talk about a question many of us have as we get older: “How does my age impact my life insurance?” It’s a really important question, and understanding the answer is key to making a confident decision for your future.
As we get older, our life insurance premiums typically go up. This is because age is one of the most significant factors that insurers use to determine risk. Put simply, the older you are, the higher the risk of a claim being made, and this is reflected in the cost of your policy.
Now, I know that might sound a bit daunting, but there are a few things to keep in mind. The good news is that other factors, like your health, also play a huge role. Living a healthier life can help offset some of the premium increases that come with age. For example, if you’ve been working on your fitness or making healthier choices, that can be a positive factor.
The best time to get life insurance is actually when you’re younger, because your premiums will be much lower and more affordable. However, it’s never too late to take that first step. What’s most important is having a plan that’s right for you, at any stage of life.
At Lifestyle Solutions, we’re here to help you navigate these things. We’ll look at all the factors—your age, your health, your lifestyle—to find a solution that fits your unique situation. Our goal is to make sure you feel secure and confident about your future.
If you have questions about how your age might affect a new policy or your existing one, please don’t hesitate to reach out. We’re always here to offer a hand and a friendly chat. You can contact us through our online form or call our friendly Christchurch team on 0800 477 488
