About Life Insurance and Age Requirements

If you live in New Windsor, NY, and wonder if there is an age limit for when you can purchase life insurance, why not give us a call at Bryan Insurance Agency LLC and speak with one of our experienced agents? Navigating through all the available information is time-consuming, and even after reading through it, you may still have questions. When you call us, we’ll have the answers you need, so you can decide about coverage. 

What to Know — Older

In New York, there is no set age limit to purchase a life insurance policy for older residents. Depending on the type of coverage an older person is interested in, the typical age range varies and can be between 75 and 90 years old. The most common policy types are term life, whole life, and guaranteed, or final expense policies.

Term Life

If you’re interested in term life, age is considered. Typically, the age range for getting a new term policy is between 75 and 80 years old. 

Whole Life

Whole life policies are designed to provide overage throughout your lifetime. Because of this, you may be able to get a whole life policy in New York up to the age of 90.

Guaranteed Policies

A guaranteed policy is available to cover end-of-life medical expenses. With this policy, you do not have to have a medical examination. Applicants up to age 90 are usually eligible. 

What to Know — Younger Applicants

New York requires applicants to be 14 and a half (14 years plus 6 months) before applying. At this age, the state acknowledges that the young applicant can independently enter into a contract for insurance.

Contact Us

No matter what your age when living in New Windsor, NY, planning for the future is a good step to take. Call us at Bryan Insurance Agency LLC, so we can help you prepare.