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While you must be 18 years or older to take out a life insurance policy, you can take out this type of insurance for or on behalf of a child or minor. Taking out a life insurance policy no younger than 25 years but no later than 50 years is recommended. The sooner you take out life insurance, the greater the benefit.

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However, if you are over the age of 65 years, it may be more difficult to get life insurance as most providers have this age as a cut-off to provide benefits. This is large because the insurer runs a greater risk of paying out a full benefit in case of death before they can cover the cost of the payout from monthly payments or premiums.

Age Restriction For Different Policies:

Elderly Parents Over 90 with Happy Faces
Happy Elderly Mother with Daughters!

This restriction applies to both term and whole or universal life insurance, although some policies may have an older age restriction and may therefore be valid for those over 65 years. Shorter-term life insurance policies are normally for 10 years, while longer terms are usually between 10 and 30 years. Term life insurance is a popular option as it is less costly than whole life insurance.

This is because a payout will only be received by the beneficiaries listed on the policy in the event of the insured’s death within the stated term of the policy. In other words, no benefit will be paid out if death occurs even one day after a 10-year policy has expired. The disadvantage of term policies is that if you live after the expiry date of the policy, then you lose all the money you have paid to the insurance provider.

Renewable term life insurance is a good option for the older generations. This allows the policyholder to renew the policy after the expiry date without going through the qualification process again. This means you may be able to renew the policy even if you are over 65, although this will also be for a limited period.

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On the other hand, whole life insurance provides a death benefit for the entirety of your life until the day you die. There is no expiry date when the policy will pay out, but this is a more expensive option as the risk is only contingent on when the policy will pay out rather than if it will.

Risk Factors:

Other restrictions may apply to qualifying for life insurance. Diagnoses of a terminal disease, high blood pressure, cardiovascular disease, serious illness, and many other pre-existing health conditions may exclude you from qualifying for life insurance. Other risk factors, such as dangerous jobs or activities and bad lifestyle choices (smoking, substance abuse, obesity), may also be excluded.

It is important to note that age and other restrictions can only apply to new policies and cannot be applied to existing life policies.


Meet Aaron H., a senior life insurance agent from California with 15+ years of experience. With a major in finance, excellent analytical and communication skills, and a passion for helping clients find personalized solutions, Aaron is a trusted advisor in the industry. He stays up-to-date on the latest trends and developments by attending webinars and workshops, reading industry blogs, and writing informative blog posts on this website. Aaron also has a keen understanding of SEO and online marketing, which he uses to help his clients reach a wider audience and get the coverage they need. He cherishes spending quality time with his wife, two children, and elder parents.