What age does coverage normally remain until in a limited-pay life policy?

In a limited-pay life insurance policy, coverage typically remains in force until the insured reaches age 100. This type of policy allows the policyholder to pay premiums over a specified period, often for a term of 10, 20, or 30 years, after which the policy is considered paid up. The coverage does not terminate when the premium payments stop, which can be an attractive feature for many policyholders.

The reason that age 100 is significant is that most life insurance contracts are designed to provide coverage until the insured reaches this age, at which point the policy payout is guaranteed. The acknowledgment that individuals at age 100 may have passed away means that the insurer would have to pay out the death benefit to the beneficiaries, affirming the policy's intended purpose of providing lifelong protection.

In contrast, the other age choices such as 65, 75, or 80 do not align with the typical structure of limited-pay life policies, which are established to offer lifetime coverage rather than terminating at earlier ages. Such early termination options are generally associated with term life policies rather than permanent life insurance solutions like limited-pay policies.