At What Age Does Life Insurance Stop?

  1. 21750 POINTS
    Jim Winkler
    CEO/Owner, Winkler Financial Group, Houston, Texas
    Great question! The answer depends on your policy. If your policy is a term policy, it is the end of the stated term ( and please be careful- many people buy life insurance from the TV ads they watch, and are so dazzled by the $19 a month graphic that they miss the "term to age 80" part. If you buy that insurance, and live to be a day over 80, you are going to have problems...). You can renew those policies after they end, but they will become very expensive very quickly. A Whole life policy will last as long as you do, they are going to cover you as long as you keep the policy in force. Other policies, like Universal life, will have a guaranteed period, and as long as they are well funded, will last as long as you keep it in force. If you have more questions, feel free to contact me, I'm happy to help. Thanks for asking!
    Answered on April 23, 2014
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  2. 1976 POINTS
    Ronald Hinch
    Regional Marketing Director, Capital Choice Financial Group,
    A policies end is determined by the policy it is, term or whole life.  Term insurance comes in 10,15,20, or 30 year level term and can be renewable for the same amount at the end of the term period.  While whole life is, as it states, for a person's whole life.  The problem though with whole life insurance is that it is much, much more expensive than term thus, making it unaffordable to carry the correct amount of insurance that a family needs.  Because a family needs the most protection in the early years when their debts are the  highest, children still at home, there is still  mortgage, and income replacement is needed the only way to accomplish this is through term life insurance.  As time goes on when debts are eliminated, mortgage paid, and retirement income is needed the need for life insurance is eliminated or at least lessened to the point of the need of a burial policy only.  As assets increase along with retirement savings your family will  have enough to live on and certainly enough to bury you.  The key is proper planning.
    Answered on April 23, 2014
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  3. 37376 POINTS
    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    Life insurance coverage stops on the expiration date of the policy or your death, whichever occurs first.  Setting that expiration date is very important.  Actuaries determine the risk of a person of a certain age dying within a certain period.  As you grow older that risk increases a great deal.  That risk is the basis upon which the expiration date and premium are set.
    Answered on April 23, 2014
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  4. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    The age that life insurance stops is your choice. You pick out a policy that lasts for a certain number of years (term insurance), for your whole life (whole life insurance), or for as long as the policy stays in effect based on the interest rate or funds that support it (universal life, indexed universal life, or variable universal life).
    Answered on February 21, 2017
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