What Is The Oldest Age For Getting Life Insurance?
4330 POINTSview profileJerry Vanderzanden, CLU, ChFCCo-Founder, Coastal Financial Partners Group, CaliforniaRate tables exist to age 80 at most insurers. In some cases, age 85 is available and in a few insurance companies, age 90. Assuming the proposed insured is insurable the standard rates may apply or there may be substandard extra premiums or table ratings depending on insurability. The premium rates are quite high but they may still be acceptable depending on the need and means of the applicant. Declines are common at these ages.Answered on May 7, 2013flag this answer
115 POINTSview profileAlbert McWilliams Sr.Insurance Advisor, The Albert McWilliams Group, United StatesDepending on the type of Life Policy, some Insurance companies will issue a life policy at age 85. This is usually for final expences such as funeral and burial expences. The face amount of these policies usually range between $5000 and $50,000. They usually are simplified issue policies that require no medical exam.Answered on May 7, 2013flag this answer
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