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Does term Life Insurance have an age limit? I was wondering if there is a specific age at which term Life Insurance policies expire?
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Term Life Insurance policies typically have a specific term or duration, such as 10, 20, or 30 years. These policies provide coverage for the duration of the term, but they do not have an age limit. However, it's important to note that premiums for term Life Insurance policies can increase significantly as you get older, especially after the age of 50 or 60. Additionally, some insurance companies may have maximum age limits for issuing new policies, typically around 75 years old. It's always recommended to consult with an insurance specialist to understand the specific details of term Life Insurance policies and any age-related considerations.
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