Pricing Question

[SlowGo]

Dear All

I ve managed to price a product for example, Fund a lump sum benefit at retirement that would be used to purchase a PPO plan, using monthly premiums till retirement with a death benefit rider

Now I am finding out the following

1. Premiums for lower ages are higher than those of advancing ages
2. Premiums for those with 5 years to retirement seems to be increasing with advancing age

With 1, I expect this because the future value at age 65 of a PPO premium is higher for a 20 yr old than a 40yr old for instance, so this is no surprise
2. For 2, I can't seem to get my head around this one, is it that the interest and mortality to retirement being higher for older ages is offset by the interest?

Oh, the PPO premium is level for all ages, this could be the problem?

Im not sure if I can justify charging a higher premium to a younger person than an older person

Please share your thoughts