Does a term life insurance premium increase as you age?

ANNA DAVIES | June 17, 2019

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Not much is certain about what the future will hold in 30 years - and the same goes for the cost of the everyday items you use. After all, 30 years ago, a gallon of gas rang in at less than a dollar. But while it may be unrealistic to forecast your budget 30 years from now, one of the things that may stay the same is your monthly life insurance premium.Does a term life insurance premium increase? Well, depending on the type of life insurance policy you purchase, its possible to pay the exact same amount per month for the 10-, 15-, 20- or 30-year term length that you choose.

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Budget Direct is one of Australia’s leading General Insurance providers. We are proud to have been offering Simply Smarter insurance to consumers in Australia at competitive prices since 2000. We're a great company to work for as we truly value our customers and staff.

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