1. 4470 POINTS
    Brandon Roberts
    Owner, The Insurance Pro Blog,
    The answer to this questions can vary a bit depending on purpose as maximum can refer to a few different things.

    New York Life's maximum internal retention limit is $40,000,000 for any single insured under 60 years of age and grades down from there.

    The maximum you can buy is dependent on your age and your income.  The higher your income and/or the younger you are the more life insurance you can traditionally buy.
    Answered on August 22, 2013
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