It's a 10 or 20 year term and the rate goes up when you're in your 50s. It's dirt-cheap now for those of us in our 20s and 30s without occupational death risks

It's a 10 or 20 year term and the rate goes up when you're in your 50s. It's dirt-cheap now for those of us in our 20s and 30s without occupational death risks because the odds that we'll die are pretty low. But term life insurance when you're 60 is considerably pricier. And that's who the benefit is aimed at - industry veterans who are looking for the job they'll retire from a decade or so down the line.