Trying to understand why the premiums for a life insurance yearly renewable term product would be different for two identical twins. The two twins are purchasing a product for the same face amount and all other product features are the same. One twin purchased the product when they were 30 years old. The twins are now 35 and the other twin has received a quote from the same life insurance company that the first twin used. The premium quoted to the second twin is lower than what the first twin is paying. Why could this be? how?

Answer rating: 100% (QA)

The difference in premiums for the same yearly renewable term life insurance product for two identical twins could be due to several factors even if a... View the full answer