Is there any sort of age limit when buying life insurance?
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Asked August 26, 2013
1 Answer
Yes, there is typically an age limit when buying life insurance. The specific age limit can vary depending on the insurance company and the type of policy you are looking to purchase. For example, many term life insurance policies will have an age limit of around 80 years old. This means that if you are over the age of 80, you may not be able to purchase a term life insurance policy. However, some insurance companies may offer whole life insurance policies that have a higher age limit or no age limit at all. It's important to note that the cost of life insurance can increase as you get older, and it may become more difficult to obtain coverage as you age. This is because the risk of death increases as you get older, and insurance companies may be more hesitant to offer coverage to individuals who are older or who have pre-existing health conditions. If you are considering purchasing life insurance, it's a good idea to speak with an insurance agent who can provide you with information about the different types of policies available and the age limits associated with each policy. They can help you find a policy that meets your specific needs and budget.
Answered August 26, 2013 by Anonymous