- Longer life span People aren't dying as early or as often. Health care advances, better personal care and even all those seat belts and air bags are postponing the inevitable and reducing premature deaths. For 25- to 44-year-olds, the death rate dropped from just under 178 per 100,000 in 1996 to just under 162 in 2004 -- a 10% drop in less than a decade.
- Corporate efficiency Automation advancements have made insurance companies more efficient and flexible, and have improved risk assignment and investment management. Corporate-speak translated: fewer premium dollars go to overhead.
- Competition The Web has increased transparency, driven prices down and made it easier for customers to price-shop. Term life insurance is simple enough that you can really shop and buy online. Portals such as
Insweband einsurance.comoffer dozens of competitive quotes.