Am I Too Old for Whole Life Insurance?

Shawn Plummer

CEO, The Annuity Expert

Age Limits for Different Life Insurance Policies

  1. Whole Life (Final Expense Day 1 Coverage): Available up to age 85.
  2. Whole Life (Graded Benefit): Can be purchased until age 89.
  3. Whole Life (Guarantee Issue): Offered up to age 85.
  4. Term Life Insurance: Eligibility ends at age 80.
  5. GUL/IUL (Guaranteed Universal Life/Indexed Universal Life): Purchaseable up to age 85.

Explanation of Insurance Types

  • Whole Life (Final Expense Day 1 Coverage): Provides immediate coverage and is suitable for individuals up to 85 years.
  • Whole Life (Graded Benefit): Benefits increase over time, available for individuals up to 89 years.
  • Whole Life (Guarantee Issue): No medical exam required, offered to individuals up to age 85.
  • Term Life Insurance: Offers coverage for a specific period and is available for individuals up to 80 years.
  • GUL/IUL: Provides flexible coverage with investment options, available until age 85.

Who Should Consider Which Type?

  • Seniors Seeking Immediate Coverage: Opt for Whole Life (Final Expense Day 1 Coverage).
  • Older Adults Needing Flexible Benefits: Choose Whole Life (Graded Benefit).
  • Those Seeking Coverage Without Medical Exams: Whole Life (Guarantee Issue) is ideal.
  • Individuals Needing Short-Term Coverage: Term Life Insurance is suitable.
  • Seeking Investment Options with Insurance: Consider GUL or IUL.


Whether you’re looking for immediate coverage, flexible benefits, or an option without a medical exam, there’s a life insurance policy suitable for your age. Understanding these options helps in making an informed decision. Remember, it’s never too late to consider life insurance.

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Shawn Plummer

CEO, The Annuity Expert

Shawn Plummer is a licensed financial professional, insurance agent, and annuity broker with over 14 years of first-hand experience with annuities and insurance. Since beginning his journey in 2009, he has been pivotal in selling and educating about annuities and insurance products. Still, he has also played an instrumental role in training financial advisors for a prestigious Fortune Global 500 insurance company, Allianz. His insights and expertise have made him a sought-after voice in the industry, leading to features in renowned publications such as Time Magazine, Bloomberg, Entrepreneur, Yahoo! Finance, MSN, SmartAsset, The Simple Dollar, U.S. News and World Report, Women’s Health Magazine, and many more. Shawn’s driving ambition? To simplify retirement planning, he ensures his clients understand their choices and secure the best insurance coverage at unbeatable rates.

The Annuity Expert is an independent online insurance agency servicing consumers across the United States. The goal is to help you take the guesswork out of retirement planning and find the best insurance coverage at the cheapest rates

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