surely that means that life insurance premiums will be dropping, doesn't it?
2006-06-13 22:46:56 · 14 answers · asked by Anonymous in Business & Finance ➔ Insurance
No, life expectancy increases for all people
2006-06-14 01:52:28 · update #1
Premiums dropping? Are you mad? Premiums ALWAYS rise - fact of life - They want fancier cars, offices, adverts = more money needed from you.. you live longer = more money = better cars = even more money needed...
2006-06-13 22:54:07 · answer #1 · answered by want_to_explore_life 3 · 4⤊ 1⤋
I don't know. My gran is currently having trouble getting travel insurance. She's 80, travels about once a year, and now is being told that the company that used to insure her now won't insure anyone over 60.
If life expectancy is increasing, why is travel insurance getting more difficult and costly for the aged?
2006-06-13 23:20:06 · answer #2 · answered by claude 5 · 0⤊ 0⤋
Life insurance premiums have been dropping. It's health insurance and all other types that have been increasing.
2006-06-14 01:41:18 · answer #3 · answered by we_build_champions 2 · 0⤊ 0⤋
Life expectancy increasing, means that a child born today will live longer than someone born 25 years ago . . . so the increase in life expectancy shouldn't affect YOUR rates, as your actual date of birth hasn't changed.
2006-06-14 01:33:25 · answer #4 · answered by Anonymous 7 · 0⤊ 0⤋
I am living proof , I shoulda died 5 years ago so those highly inflated premiums i payed was worth every cent. But no they will not be going down till they can just get a few more breakthroughs
in whats been ailing us for an eternity.
2006-06-14 02:25:25 · answer #5 · answered by Jujeaux 6 · 0⤊ 0⤋
dont know but i dont think its always such a good thing who really wants to keep going after there enjoyment of life drops to a certan point i would prefer to live to 50 and enjoy my self more than live to 100 and spend the last few years needing to be looked after like a baby
2006-06-13 22:50:32 · answer #6 · answered by >darkangel< 3 · 0⤊ 0⤋
What you are supposing would be like asking a Loan Shark to give you an extension on your loan because "I'll have the money in just a few days. Honest."
2006-06-14 04:26:20 · answer #7 · answered by gotalife 7 · 0⤊ 0⤋
New mortality tables came out January 2005. Insurance companies are now applying them to their rates so as of right now, yes it is possible to get better life insurance rates. More questions, please email me at mattb@benefitsblvd.com. I can show you examples if you like.
2006-06-14 12:24:21 · answer #8 · answered by tigertiggerii 3 · 0⤊ 0⤋
Well i am 36 and will die when i am 40 so my life expectency ain't very high.
2006-06-14 15:47:34 · answer #9 · answered by Anonymous · 0⤊ 0⤋
I don't think the insurance companies would be too happy about that actually.
2006-06-14 23:37:41 · answer #10 · answered by Anonymous · 0⤊ 0⤋