Because Premiums Get Higher as You Age,it Is Probably Advisable

question 131

True/False

Because premiums get higher as you age,it is probably advisable for you to buy life insurance at age 20 to save money whether or not you need the insurance then.

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Definitions:

Long-Term Debt

Loans and financial obligations lasting over one year that are used to finance a company's operations.

Book Value

The value of an asset according to its balance sheet account balance, subtracting any liabilities or depreciation.

Depreciation

In accounting, a process for allocating a physical asset's cost over the duration of its effective life.

Net Liquid

Refers to the amount of cash or cash-equivalents a company or individual has after accounting for all liabilities.