Age limit in term insurance

Many term insurance policies have an age limit (specified in your contract) after which the company won’t allow you to renew your policy. This age can range from as low as 60 years old to 85, 90, or even older. Obviously, at the upper age ranges most people are extremely high risks, so the price of coverage would be so high that it wouldn’t pay for you to purchase coverage. But certainly 60 or 70 isn’t very old, and many people at that age want continued coverage. When looking at term insurance policies, make sure you give consideration to any age limits imposed in the policy.