Each and every insurance company sets different criteria to sell insurance products. However, there are some common set of rules that one has to follow in order to qualify to get the life insurance.
The minimum and maximum age to buy life insurance differs as per the different rules of different insurance companies. Some companies offer life insurance to people maintaining an age criteria ranging from minimum 2 years to maximum 65 years. Maximum insurance companies confirm the maximum age for the end of policy term to be 95 years. But this also changes depending on the company.
An applicant gets asked to provide personal details like his height, weight and general lifestyle information including his habits like smoking, drinking and illnesses to check if he has any life threatening disease. Applicant’s economical status also gets presented to the company. It is always good to give right information to the insurance company to avoid unwanted situation due to any discrepancy. Because of providing false information, a policy can be cancelled as well.