Your current age plays a significant role in the world of finance, particularly when it comes to life insurance. This is known as your attained age and it is a key factor in determining your premiums. As we age, the likelihood of death during the insurance coverage period increases, resulting in a higher risk for the insurance company. This, in turn, leads to higher premiums. It's important to understand how your age impacts your financial decisions, especially when it comes to life insurance.
