as you get older, what happens to the cost of term insurance?\na. the cost increases because you are…
as you get older, what happens to the cost of term insurance?\na. the cost increases because you are older.\nb. the cost decreases because your life increases over time.\nc. the cost decreases because you are older.\nd. premiums remain the same regardless of your age.
Answer
Brief Explanations:
As people age, the risk of death increases. Insurance companies charge higher premiums to cover this increased risk. So the cost of term insurance goes up.
Answer:
A. The cost increases because you are older.