In our previous blog post, we implied as long as you submit your application before your birthday, you can back date, or "save age", your life insurance policy.
Looks like that is not entirely correct, as we have found out that the back date or save age policy varies with different insurance carriers quite a lot.
For example, one of the premier insurance carriers allows back date if an application is signed and submitted 5 days before birthday. Another premier insurer only allows backdate not more than 6 months long from the policy approval date.
So, it doesn't hurt to check the "back date" option in the application, if it's approved, treat it as a gift!