Whilst age is an important factor for establishing the cost of life insurance policies, they are normally available to people between the ages of 18 and 75.
Age is an important detail when underwriters come to decide on the premium they are likely to charge as it helps them to calculate the risk of whether or not they may have to pay out the policy benefits prior to the plans end date.
It's worth remembering that whilst your age might not stop you finding a life insurance policy, the older you are when you take the policy out, the higher the premiums you should expect to pay. If you are considering a life insurance plan for inheritance tax purposes, you should not leave it to late as the cost may make it to expensive to put a whole of life plan in place.
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