Is there an age limit on buying life insurance?Basically, most insurers do not offer life insurance to people over the age of 78. However, some insurers may offer very limited amounts of life insurance to people up to the age of 80, but the premiums are very high and you usually need to own the policy for 1-2 years before you get the full coverage.
Life insurance premiums and coverage are underwritten based on several factors, including your age and health.
The older you are, the shorter your life expectancy, and the fewer premium payments the insurance company would expect to receive from you.
That means there are age cut offs for when you can buy life insurance.
One highly-rated company,
Globe Life and Accident Insurance Company, offers life insurance for people age 78 and under, with no medical exam required.
Globe Life has more than 2.5 million policyholders and are rated "A+" (Superior) by AM Best Company for financial strength.
One way to find out if you qualify for life insurance at any age is to request free
life insurance quotes online and see what companies offer you quotes, and how affordable the premiums quoted are for your budget.
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