Help protect your family’s future. Enter your zip code to get your free quote today!

Get Your Free Quote

Minimum Age For Life Insurance

If you’re shopping for your first-ever life insurance policy, you should know a few basics. First, there's no minimum age for life insurance in most cases. Additionally, knowing the benefits of term life insurance will help you as you compare plans and policies from a life insurance company.

Who Needs Life Insurance? 

Life insurance is crucial for many Americans, and with no real minimum age for life insurance (you can even buy policies for your kids), you can be sure that the right product is out there for you.

So what should you consider as you shop around?

When You Need Life Insurance Coverage

While there’s no minimum age for life insurance, a life insurance policy will be most useful for those who:

  • Are married
  • Have children whom they support
  • Have family members whom they support
  • Hold consumer debt
  • Own a home and have a mortgage
  • Started or want to expand a business
  • Are planning their estate or retirement portfolio

As you can tell, life insurance is especially useful for people with families and/or significant financial obligations. A life insurance policy can protect family members in the event of your death. 

This is why experts recommend purchasing a policy as you plan major life events — buying a home or giving birth to children, for instance. 

while there’s no minimum age for life insurance, a life insurance policy may be most useful to adults with financial and familial responsibilities. If you’d like to learn more about your options, speak with a licensed insurance agent today at 800-966-7169.

-------------

Sources:

http://www.forbes.com/sites/barbaramarquand/2016/01/27/the-hows-and-whys-of-life-insurance-for-children/#ba8c5ae9c283

http://www.investopedia.com/ask/answers/12/how-old-for-life-insurance.asp

 

*Applications for insurance may be subject to acceptance by insurer. Rates and coverage amounts will depend upon the carrier selected.

Help protect your family’s future. Enter your zip code to get your free quote today!

Get Your Free Quote

Related Information

At What Age Does Life Insurance Expire?

Is it possible that your life insurance policy may expire before you die? And what happens if it does?

Read More

How Your Age Affects Life Insurance Rates

Your age affects the costs of life insurance rates. Learn more about term life and permanent life insurance to compare their expected costs.

Read More

Find Life Insurance That's Right for You

Be on the lookout for these common elements when trying to determine the right life insurance policy for you and your family.

Read More

Buying Life Insurance for Your Parents

Learn about popular types of life insurance policies for parents who are over the age of 60.

Read More

Universal Life Insurance

Universal life insurance is a form of permanent life insurance. Find out how it works and how it differs from whole life insurance.

Read More

Cutting Costs for Life Insurance Premiums

How much you pay for life insurance depends on your age, health, the type of insurance policy you buy and how much coverage you want.

Read More

Looking for Affordable Life Insurance? Consider Term Life

Term life insurance is generally more affordable than permanent life insurance. Here's what you need to know about term life insurance policies and how they work.

Read More

Affordable Life Insurance Policies Over 75

With older adults living longer than ever before, many people over 75 may be interested in buying life insurance. Find out what options are out there.

Read More

The Basics of Life Insurance Policies

Considering life insurance? Learn the basics with this comprehensive guide.

Read More