Why Do Life Insurance Premiums Increase With Age? 
The reason that life insurance premiums go up with age is because mortality rates go up the longer someone lives . When someone buys a 10 year term life insurance policy at age 20 , the rates will not be much higher than at age 30 , because the death rate for 30-40 year old persons does not vary much . However , the rates for a 10 year term policy will be much higher for a 60 year old person than a 50 year old person , because mortality rates go up a lot between ages 60-70 , especially for men . 