Age and life insurance are two things that are interconnected. Typically, you buy life insurance so that, as you age, you have coverage for yourself and the rest of your family. Residents of Jefferson City, MO, and abroad may wonder how age impacts life insurance and its ability to acquire it. Our Luebbering Insurance Agency LLC team gets this question often and provides insight to interested parties.

Age and Life Insurance 

The connection between age and life insurance goes across a few different areas. First, age is not going to be something that immediately prohibits you from life insurance. Typically, you will be able to acquire life insurance, but the cost and coverage will see an impact.

Age is one of the primary factors that will impact your life insurance premium rate. As you get older, actuarial rate tables driven by age will drive that premium amount upward.  

Age is also going to drive qualification requirements for life insurance. If you are a very healthy 90-year-old, life insurance is something you will be able to purchase. You will need to qualify, though, via medical exams and similar practices.  

The reason that age and life insurance are interconnected is pretty basic. The older you get, the more likely you will die while under coverage with the life insurance provider.

Start Shopping for Life Insurance

If you are considering life insurance, you want to do it now before you get any older. The Luebbering Insurance Agency LLC team can help answer questions and help you learn more about life insurance options. Residents of Jefferson City, MO, and abroad need to consider everything available before making a life insurance decision.