You can pay to rewind the clock, at least when it comes to life insurance.
Backdating your life insurance policy can help you lock in a lower age — and a lower rate — before your coverage starts. While you’ll pay for a few months of “ghost coverage” upfront, the discount on your premiums stays with you until your policy ends. Over 20 or 30 years or even a lifetime, this can add up to significant savings.
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