The maximum age of life insurance generally varies from company to company. Generally, life insurance companies will allow you to purchase a life insurance policy at any age typically up to age 99, however, the types of plans and benefits may be restricted based on your age.
For example, some life insurance companies may only offer term life insurance policies to applicants up to age 75 or 80 and guaranteed acceptance plans to applicants up to age 85.
The age of the applicant can also affect the premium amount for the life insurance policy. Usually, life insurance premiums increase as the applicant’s age increases.
In order to determine the maximum age at which you can purchase life insurance, you should contact multiple insurance companies to compare their offered plans and eligibility requirements.
It is also important to keep in mind that most life insurance policies require the policyholder to undergo a medical exam prior to enrolling in the policy. Some life insurance companies may also not offer policies or may charge higher premiums if you are in poor health.
In conclusion, the maximum age for life insurance is typically up to age 99, however, the policies and premium amounts will vary from one insurance company to another and may be affected by the age and health of the applicant. To determine the best policy and pricing for you, it is recommended that you contact multiple life insurance companies and compare their policies and rates.