No, being 57 years old is not too old to purchase life insurance, as many carriers offer term and permanent policies to applicants well into their 60s, 70s, and beyond. While options for 30-year term policies may be limited or phased out at this age, 10-year or 20-year term policies, final expense insurance, and whole life policies remain widely accessible. Premiums will naturally be higher than if purchased in youth, but individuals in good health can still secure valuable coverage to protect spouses, cover remaining mortgages, or handle estate expenses.
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