At What Age Does Life Insurance Expire?
21750 POINTSview profileJim WinklerCEO/Owner, Winkler Financial Group, Houston, TexasThat is a great question! Term life insurance ends at whatever the specified term is - usually 5, 10, or 20 years, though some of the ones you will see advertised on TV or that you will receive in the mail will expire at age 80. Whole life insurance expires at whatever age you do. I hope that helps - thanks for asking!Answered on June 27, 2014flag this answer
10968 POINTSview profileTim WilhoitOwner, Your Friend 4 Life, Brentwood TNIt really depends on the type of life insurance policy you have. On term life policies they have a guaranteed level premium for a certain period. Most common are 10-20-30 years. The policy does not necessarily expire on the date but the premiums will increase about ten fold. On cash value plans such as whole life or universal life, they really don't expire but rather endow. This means the cash value now exceeds the face amount. When purchasing these plans a good agent will set up the "target" premium to endow at your chosen age. Some companies will allow you to endow at age 150. The short answer is you decide the "expiration" date.Answered on June 30, 2014flag this answer
Did you find these answers helpful?
Yes
No
Go!
Add Your Answer To This Question
You must be logged in to add your answer.
.JPG){kind=avatar}
