What is the minimum age requirement to obtain a life insurance policy in Connecticut?

In Connecticut, the minimum age to obtain a life insurance policy is indeed 15 years old, provided that there is parental consent. This provision recognizes that minors may need to have life insurance coverage for various reasons, such as a family obligation or financial planning needs.

Once a minor reaches the age of 15, they can enter into a contract for life insurance as long as a parent or legal guardian agrees to it. This reflects an understanding that individuals at this age may start taking certain financial responsibilities, and having insurance could be part of their planning.

As a result, options that state higher ages, such as 18 or 21, do not align with the legal stipulations regarding minors in the acquisition of life insurance in Connecticut. Setting the minimum age at 12 would not provide adequate acknowledgment of an individual’s capacity to understand and consent to a life insurance contract without parental involvement.