You’ve probably heard it before: the best time to buy life insurance is when you’re young and healthy. This is not only because life insurance is easier to acquire when you’re in good physical condition, but also because it’s most affordable at that time.

At HBW Insurance Group, we are often asked by members of the Columbia, MD community we serve, “When are you too old to get life insurance?”

The answer isn’t always straightforward. Here are some factors to consider:

Life insurance becomes more expensive as you age

While it’s possible to get life insurance coverage into your seventies or even eighties, the options may be limited or come with restrictions. For example, some providers may limit coverage during the first year or two of the policy. Others might only offer a return of premium benefit during the initial years.

Health exams may be required

As you reach your forties and fifties, health exams may become a requirement for larger life insurance policies. However, you may still be able to secure more modest coverage without undergoing a health exam or providing a doctor’s report.

Don’t wait

The bottom line is that while you may be able to secure some level of life insurance protection after age sixty, it’s far better to act sooner. Acting early gives you access to more options, better pricing, and easier approval processes.

Contact us for a quote

You likely still have options when you contact HBW Insurance Group in Columbia, MD today. Answer a few simple questions, and we can help you find the life insurance protection you deserve—no matter your age.