Life insurance policies typically don’t have a fixed age limit, and it’s not uncommon for someone older than 85 to obtain coverage. The type of policy and its duration are key factors. At L M Insurance & Financial Services LLC, serving Bronx, NY, we’ve helped individuals of all ages secure life insurance policies. Here’s a closer look at how it works.

Types of Life Insurance Policies for Older Individuals

As a general rule, insurers issue policies such as end-of-life coverage and whole life insurance for individuals up to 90 years old. Those older than 90 may also be eligible for these policies, though availability can vary. It’s less common for insurers to issue term life policies for individuals aged 55 and older. While there are no strict age limits for life insurance, nearly anyone can find a policy that suits their needs.

Getting the Right Policy for Your Needs

Life insurance comes in various types, each offering specific benefits. Some policies may not be available to individuals of certain ages, while others are more accessible. The kind of policy you choose depends on your goals. You may want to ensure your heirs are financially secure or cover your final expenses. Understanding your priorities will help you select the proper coverage.

Contact Us Today to Learn More About Life Insurance Options

At L M Insurance & Financial Services LLC, serving Bronx, NY, we’re here to discuss life insurance options for every stage of life. Our team can help you understand your needs, navigate the application process, and determine the coverage you’re eligible for. Call us today to learn more about securing a policy that meets your requirements.