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You’ll have to do the math to see if the overall savings realized for backdating your age are greater than the cost of the additional monthly premiums.

Of course, any attempt to purchase a backdated life insurance policy on your Aunt Minnie who has alreay passed on is out and out fraud. Free Life Insurance Quotes Online In regards to health insurance, backdating the effective date of a policy can be used to make your age at issue qualify for a lower premium. State laws differ in their policies about backdating health insurance policies, so you’ll have to check with your state insurance commissioner.

Some states will the amount of backdate to six months.

Life insurance policies are issued at your life insurance age.

So having a life insurance age change during underwriting is most likely going to result in a higher final premium when the policy is issued.