ESP recommends life insurance for me in the future but not now. The recommendation is that I have insurance coverage starting in 2025, when I start drawing SS at 70, through age 99 in 2054. The peak amount is about 100K in 2029, age 74. Coincidentally, that's when the premiums on my current term policy are no longer level. It's good until age 95 but at potentially phenomenal rates.

I don't plan to wait until my current policy expires before getting another. I may replace it now or in the near future, while I know I'm insurable. (Yes, the premiums I'll pay now are more than ESP considers.) Since the recommended amount is in the future, one might think I'd need less because present dollars will grow. But insurance policies are fixed amounts and lose value in real terms.

So, my question is, in what form are the recommendations for future insurance expressed? Does a recommendation for 100K coverage in 15 years mean I'm covered if I buy a 100K policy today? Or do I have to buy a larger policy so it will be worth 100K in 2029?

Thanks