Comments on: When would someone buy annually renewable term (ART) life insurance?

By: gerry

gerry — Thu, 29 Mar 2007 17:42:32 +0000

Right on target. Why would anyone buy ART? It just doesn\’t make sense.

By: Byron Udell

Byron Udell — Thu, 29 Mar 2007 08:47:01 +0000

Jerry –

In today\’s market, almost never. The price of ART is usually higher, even in the first year, than 10-year level term. As such, one would have to be a fool to buy it, even if you only needed it for one year.

By: Jerry

Jerry — Wed, 28 Mar 2007 23:44:36 +0000

With ART, what other reasons (aside from a business deal) would there be for selling insurance policies like this? And at what age do the premiums begin to increase? Is the risk of death really that much higher from age 30 to age 35? Thanks for the information, it is interesting.

Jerry<