What is the maximum age at which an individual can be issued a standard life insurance policy in Virginia without requiring a medical examination?

In Virginia, the guidelines stipulate that individuals up to the age of 65 can be issued a standard life insurance policy without the need for a medical examination. This policy reflects the insurance industry’s recognition of risk factors associated with advancing age.

By setting this maximum age at 65, the legislation aims to make life insurance more accessible to older individuals while considering the increased likelihood of health issues as one ages. Policies issued to those younger than this threshold can be streamlined, promoting efficiency in underwriting processes and enhancing the availability of coverage for consumers.

In contrast, individuals aged 66 and older typically face more rigorous evaluation procedures, which often include a medical examination, due to the higher risk associated with older applicants. Hence, 65 is indeed the correct age limit for standard life insurance issuance without a medical exam in Virginia.