There is no real age limit to buying life insurance. Children under the age of 18 can have policies purchased by a parent or guardian.
So there’s no minimum age for life insurance, but you will need to be 18 years old to take out a financial contract such as an insurance policy on your own.
Minimum: 18 years old
So why would you want to buy life insurance at such a young age? Perhaps you have had a baby young and want a policy to help provide for your child should something happen to you. Or perhaps you have come across some interesting financial strategies such as infinite baking, which uses whole life insurance policies to borrow against.
Maximum: 85 years old
There is not formal or legal maximum age at which life insurance policies are issued. It really depends on the individual life insurance company Issuing the policy. You may not find a lot of insurance companies that are willing to sell you a policy if your is 85 or older. Of course as lonfevity rates continue to climb, thi smay change. Many people these days are living longer, into their 90s and even becoming centenarians, which are people aged 100 or older.
