Who Qualifies for Term Life Insurance?


Who Qualifies for Term Life Insurance?

Age: Every term life insurance provider has different requirements. You’ll typically need to be at least 18 years old, but the minimum age varies by company. If you’re older, you may not be able to buy as long of a term as a young person. 

Citizenship: Some providers will require you to prove you are a U.S. citizen, while others will require a social security number and a visa or green card. 

Health status: You’ll be asked health questions on your application, and some providers will deny coverage to people with certain health conditions. You may also be required to take a medical exam to get coverage, depending on the policy. 

Occupation and hobbies: Some providers may deny you coverage if you use marijuana, go skydiving, or even work in certain dangerous professions. 

Criminal and driving record: You may not qualify for life insurance if you have a criminal record or a lot of traffic violations, but it depends on the provider.

Financial standing: Your life insurance provider may check your credit and ask for proof of income if you’re purchasing a larger policy. 

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