Term life insurance provides protection for a predetermined time frame, or term.
As you reach the following age band of five years throughout the term, premiums go up. Budgeting may become unexpected as a result.
For instance, if you sign up for insurance at age 66, your rate will be based on that of those between the ages of 65 and 69.
Your rate will go up at 70 and stay the same till you're 75.
Ages 50 to 74 AARP members can purchase Level Benefit Term Life Insurance, which covers them until 80.
When you apply online, you can receive $10,000 to $150,000 in coverage ($100,000 in Montana and New York). You can get in touch with the company directly if you require coverage for more than $150,000.