Can You Get Term Life Insurance To Age 100
Is it possible to get term life insurance to age 100? Absolutely!
…but First things first…
This article is not about how to get life insurance coverage when you’re 80, 90 or 100 years old. If you’re over the age of 80, then you’ll need to visit these articles to learn how to secure coverage.
This article covers life insurance options for ages between 30 – 80 who want coverage to age 100. If that’s your age range, then keep reading!
Coverage up to this age is important for some people, and it is practical because it helps cover funeral and burial arrangements and any debt that may be left behind.
Universal Life Insurance With No Lapse Guarantee Rider
Although just about every term policy will not go until age 100, you do have the option of a Universal Life Policy with a No Lapse Guarantee Rider. This policy is also known as Guaranteed Universal Life or GUL.
Guaranteed Universal Life insurance is essentially a form of permanent life insurance that works similarly to term life insurance in that your premiums are locked in for a certain period of time.
Although with Universal Life this period of time is much longer than a basic 10-30 year term life insurance policy. In fact, Universal Life Insurance policies with No Lapse Guarantee Rider can be locked in to last until age 100 or even all the way up to age 121.
That said, although this is a type of permanent life insurance, it is not made to build up a really significant cash value over time.
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