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? … [Read more...] about How old do you need to be to buy life insurance?