How does age affect product availability and pricing?

• A. Age has no effect
• B. Age affects only eligibility
• C. Age affects eligibility, available products, and premium levels; older applicants may have fewer options or higher costs
• D. Age determines the color of the policy brochure

Answer: (C)

Age influences how insurance products are offered and priced. It’s a key factor used in underwriting to decide what you qualify for and what you’ll pay. Typically, younger applicants have access to a wider range of plans and lower premiums because their risk of needing benefits is lower. As people age, some products may not be available, options can be reduced due to underwriting, and premiums or benefit limits can rise to reflect higher expected claim costs. So age affects eligibility, the available products, and the premium levels, meaning older applicants may have fewer choices or higher costs.