How Long Can You Have Term Life Insurance?

  1. 0 POINTS
    George Rodriguez
    Insurance advisor, Transamerica, Chicago IL
    That's a great question, the answer is you can have term life insurance as long as you want. There is a 10 20 30 year term and when one term expires you can renew, the only thing is that you don't get cash accumulation, meaning you can take money out of a term. The policy I like the best is a index universal life, it is a life insurance policy that is tied with the s and p 500 and if the market goes down you don't lose any money.
    Answered on July 9, 2014
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  2. 10968 POINTS
    Tim Wilhoit
    Owner, Your Friend 4 Life, Brentwood TN
    You can keep term life insurance until the expiration date of the term which is usually past the initial term at a much higher rate. For example, if you purchase a 20 year level term life policy the term expires in 20 years and premiums will increase usually ten fold annually, but the policy will stay in force for another 20 years providing you pay the increased premiums.
    Answered on July 10, 2014
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  3. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Most term policies cannot be purchased to last past age 80 at a level premium. If the term with the guaranteed level premium is past, and you are in the annually renewable part of the policy, that may allow the policy to last to age 90, but the premium will be extremely high.
    Answered on April 28, 2015
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  4. 5877 POINTS
    Stan Cox II
    Insurance Adviser - Broker, SC Insurance Services, Oahu, Hawaii
    Many insurance providers limit the age of people they will insure to age 80. Some will allow up to age 85. There may be exceptions in the case of guaranteed renewable Term policies, and then the answer becomes, "As long as you can afford to pay the premiums"! Even then there will be an upward limit to the age that is deemed insurable. It's all about mortality risk.
    Answered on June 2, 2015
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