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Originally Posted by LivingAlmostLarge
Is it better to keep switching term to lower and lower policies and rate disneysteve? Doesn't it go up because you're aging?
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Very good question. Normally, the answer would be yes. Rates are lower when you are younger. However, in recent years, rates have dropped considerably. So a 40 year old today very possibly can get a cheaper policy than a 35 year old could 5 years ago. I actually met with my agent last year and he gave me quotes that would have been cheaper for us, but I never followed through.
I plan to call him and set up a meeting sometime soon. From what I've read, rates have come down even more since then.
Also, at least in my case, if we decide I need less coverage, I save that way too.
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