We have 1 year continuously renewable Term life insurance, and I received the annual pricing letter today.
Boy, does being a Mustachian early really pay off!
The rates for term life insurance (per $25k) jump by 250% from age 39 to age 46. I am really glad that we will be ending or greatly reducing life insurance by the time we are 45 years old, before that rate increase. That's a jump from $400/yr to over $1000/yr in only 7 years. (for the amount we purchase).
What about you -- what is your Life Insurance plan -- fixed term, none, private, group company provided, Whole life, other?