does age influence life insurance
Whole life policy rates do rise with age, however. âThe premiums are determined by the insurance carrier each year based on actuarial tables. And they increase at each successive age because each year there is a bigger drain on the cash value due to the rising mortality charges,â says Frazzitta.hole life policy rates do rise with age, however. âThe premiums are determined by the insurance carrier each year based on actuarial tables. And they increase at each successive age because each year there is a bigger drain on the cash value due to the rising mortality charges,â says Frazzitta.