The eligibility for term insurance can vary from one insurance company to another, but it's generally available for individuals within a broad age range.
Most insurance companies offer term insurance to people between the ages of 18 and 65.
However, some companies may extend the age range, allowing people up to the age of 75 or even beyond to purchase term insurance. The premium you pay for term insurance is typically based on your age, health, and the length of the term, so the older you are when you apply, the higher your premium is likely to be.
It's important to note that while there isn't a strict upper age limit for term insurance, the availability and cost of coverage can vary significantly as you get older. The older you are when you apply, the more expensive the premiums can become, and there may be certain restrictions on the length of the term available to older individuals.
If you're considering term insurance and are concerned about age-related limitations or costs, it's a good idea to research and compare policies from different insurance providers to find the one that best fits your needs and budget. Additionally, some insurance companies may offer specialized products tailored to the needs of seniors or individuals in their later years, so it's worth exploring your options. To learn more about age limits for term insurance, visit www.term-life-online.com/what-are-the-age-limits-for-term-insurance.html