Term Life Insurance Ending Age
Term life insurance ends when the policy term expires. The term length varies, typically ranging from 10 to 30 years. Once the term is over, the insurance coverage ceases unless the policy includes a renewal or conversion option.
Maximum age for purchasing term life insurance
The latest age to buy term life insurance varies by company. However, many insurers offer term life policies up to the age of 80. It’s important to check specific insurers for their age limits and terms.
- A 30-year policy bought at age 50 will end at age 80.
- A 20-year term policy purchased at age 60 will expire at age 80.
Term life insurance provides coverage for a specific period. The age at which you can no longer purchase or maintain a term life policy depends on the insurer’s guidelines, with some offering options up to age 80. Understanding these limits is crucial when planning for life insurance needs.
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