1958 - Based on 1950 census and life expectancy of 67. Before Polio vaccine. Same rates regardless of tobacco use. Most policies endowed at age 65. Most policies should be updated.
1980 - Based on 1980 census and life expectancy of 77. Beginning of smoker/non-smoker rates. Changes in medical science lengthens lives. Nursing homes and care facilities. People living longer - life insurance premiums are lowered. Most policies endowed at age 95. Some policies should be updated.
2001 - Based on 2000 census and life expectancy of 82. More improvement in medicine, cures for many cancer/illnesses, organ transplants/medications, changes in diet. Better quality foods. Most policies endow at age 121. Most policies should be left as they are.
Survey says...What year did the 2001 table go into effect?
A declining trend for the price of life insurance leaves many older plans overpriced!
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