Life insurance is based on information derived from mortality tables. The old mortality tables were based on a maximum life expectancy of 100 years old. The new tables are calculated on tables going to 120.
Lesson: Life insurance has continued to decrease in premium. There is no excuse for healthy individuals to have inadequate death benefit. A 10-year level term policy with a $1 million death benefit for a 30 year old male could be less than $21 a month.
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