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Does Filing an Insurance Claim Increase Your Premium

Filing an insurance claim can increase your premium, as insurers often view claims as indicators of risk. While not every claim results in a premium hike, frequent or high-cost claims are more likely to affect your rates.

Why Life Insurance Premiums Increase with Age

Life insurance premiums rise with age due to increased health risks and shorter life expectancy. As individuals age, the likelihood of health issues and mortality increases, prompting insurers to adjust premiums to cover potential payouts.

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