At what age is it too late to buy life insurance?


Editorial team Published on

The maximum age limit to buy a new life insurance policy typically ranges from 75 to 90, depending heavily on the specific type of policy and the insurance provider.

Age Limits by Policy Type

  • Term Life Insurance: New applicants are generally capped at age 75 to 80 (with strict medical exam requirements). These temporary policies often expire once you reach age 80 to 90.
  • Whole Life Insurance: Traditional permanent coverage is usually available for new applicants up to age 85, and occasionally up to 90 with select providers.
  • Final Expense / Burial Insurance: This lenient, no-medical-exam whole life insurance allows new applicants up to age 85 or 90 (and sometimes 95). It provides lifelong coverage meant for end-of-life costs.
  • Guaranteed Acceptance Life Insurance: These policies require no health questions or medical exams and generally cap new applicants at age 80 to 85.

You can review a detailed breakdown of eligibility rules on Choice Mutual or read more about senior restrictions via CBS News.