Does Life Insurance Expire At A Certain Age?

  1. 61667 POINTS
    Steve Savant
    Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona
    Term life insurance has a time certain period according to the contract provision, i.e. 5, 10, 15, 20 or 30 years. Permanent life insurance can expire at a set age, by design, like life expectancy age 85 or at the maturity date, which can vary, i.e. age 100 to age 121.
    Answered on August 6, 2013
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  2. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    No, life insurance does not expire at a certain age. Each life insurance policy has its own parameters, whether the policy is Term, Whole or Universal Life. Be sure you understand those when you take out your policy, or you may find yourself uninsured just when you need it most.
    Answered on September 2, 2013
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