Reasons for backdating a life insurance policy

The main reason for backdating a policy is to potentially reduce your premium by using a younger age to determine your risk. Your life insurance rate will generally increase the older you are when you apply, so using a younger age when the policy is underwritten might reduce your premium. Another reason to backdate a policy may be to have your payment due date land on a more convenient day for you.

3 min to read

Explore Progressive's editorial standards for Answers articles to find out why you can trust the insurance information you find here.

What companies will backdate insurance?

Depending on your state's laws, you may be able to request that your insurance company backdate a life insurance policy, typically up to 6 months. However, it will be up to your insurance company to decide if they're willing to do it. Ask about backdating during your application process and learn what to look for when buying life insurance.

What's involved when a life insurance policy has been backdated?

Having a life policy backdated will involve backpaying your premium as if your coverage had started on the date the policy is backdated to. Therefore, it's not always worth it to have a policy backdated. If you're considering backdating, discuss it with the insurer during your application to determine if it will be worth it for you.

Should I backdate my life insurance policy?

If your insurer allows backdating, determine if any resulting reduction in rate will outweigh the additional premium you need to backpay. If it will and you can afford to backpay the additional premium, having your policy backdated can be worth it in the long run.

Life insurance rates can increase significantly as you age, so the older you are when you apply for life insurance, the more potential savings you might see from backdating. Backdating your policy may not make financial sense if you're in your 20s or 30s because your potential premium may not increase much year to year. Compare the average term and whole life insurance rates by age to see how your rate can increase depending on when you apply.

Calculating your insurance age

Your "insurance age" — used during the underwriting process to determine your risk — is typically the age you're nearest to. If you're past your half birthday when you apply for life insurance, backdating could allow you to use your actual age for underwriting instead of your older insurance age.

Example:If your actual age is 49 and 7 months, your insurer might consider your insurance age to be 50, even though your actual age is still 49. Backdating your policy by two months would allow you access the rate of a 49-year-old instead of a 50-year-old.

How to get life insurance


You'll be asked questions, and then you'll choose your coverage amount and more.

Get a life insurance quote

Call a rep

A licensed representative from Progressive Life by eFinancial will talk you through your options.

Call 1-866-912-2477

Get a free life insurance quote online in minutes

Learn more about life insurance policies.

Please note: The above is meant as general information to help you understand the different aspects of insurance. Read our editorial standards for Answers content. This information is not an insurance policy, does not refer to any specific insurance policy, and does not modify any provisions, limitations, or exclusions expressly stated in any insurance policy. Descriptions of all coverages and other features are necessarily brief; in order to fully understand the coverages and other features of a specific insurance policy, we encourage you to read the applicable policy and/or speak to an insurance representative. Coverages and other features vary between insurers, vary by state, and are not available in all states. Whether an accident or other loss is covered is subject to the terms and conditions of the actual insurance policy or policies involved in the claim. References to average or typical premiums, amounts of losses, deductibles, costs of coverages/repair, etc., are illustrative and may not apply to your situation. We are not responsible for the content of any third-party sites linked from this page.