What Is The Minimum Age Requirement For Whole Life Insurance?
Life insurance is an essential investment for many Americans, and the good news is that there is no real minimum age for purchasing a policy. In fact, life insurance policies can be purchased for children as young as 14 days old.
|Considerations when shopping for life insurance:|
|1. Have financial and familial responsibilities|
|2. Plan on significant life events such as buying a home or having children|
While there is no minimum age for life insurance, it is most useful for adults with financial and familial responsibilities. Life insurance policies can provide crucial support for your loved ones in the event of your death. That’s why experts recommend purchasing a policy as you plan for major life events such as buying a home or starting a family.
Don’t wait until it’s too late to invest in life insurance. Shop around for policies that fit your needs and budget to protect your loved ones from financial hardship in the event of your death.