Can You Buy Term Insurance When Over 65?

Yes, people over 65 years old may qualify to buy term life insurance, which is temporary coverage lasting for a specific number of years.

Usually life insurers offer term insurance for a period of up to 30 years, but people over 65 may be limited to term options of 5, 10 or 15 years of coverage.

Keep in mind, if you outlive the duration of your term life policy, your life insurance coverage ends.

Here's how to buy term insurance for people over 65 years of age.