Originally Posted by
NightTrainLayne
Oh sorry. . .Insurance humor.
Life insurance premiums are based first and foremost on your age at the time of issue. So, when you have a birthday, the cost of life insurance increases due to you being a year older. You can "save age" by essentially back-dating the policy (up to 6 months) to the day before your birthday and paying the premium from that date. .. . Relatively easy to do if it's only a month or so past your birthday, but obviously more expensive the longer amount of time that passes.
As you get older the jump each year is bigger. . . so for someone as old as you, the savings over the life of a policy can be substantial for saving age.