How might your life insurance premiums depend upon when you initially purchase the policy?

If you buy life insurance when you are fairly young (say 20) you are expected to live a long life and probably won’t need the insurance for a while so you might pay less per year than an older person would as you are expected to live much longer.

Another reason premiums might change is your health. If you are in better health you pay less han someone who has health issues that put them at a greater risk of dying (high blood pressure, diabetes, obesity). Your health may change throughout your life.