What is the minimum age for purchasing a life insurance policy in Florida?

In Florida, the minimum age for purchasing a life insurance policy is indeed set at 15 years old. This allows individuals who are 15 years old and above the legal capacity to enter into contracts, including insurance contracts. At this age, minors can often acquire a life insurance policy, typically with the consent of a parent or guardian.

It's important for potential policyholders to understand that while 15 is the minimum age, practical considerations often affect the type and extent of coverage available to younger individuals. Insurance companies may have specific underwriting guidelines that apply to minors, and coverage amounts may be influenced by the applicant's age.

While other options, such as being 18 or older, align with common statutory ages for various types of contracts, they do not reflect the specific legal provisions established in Florida for life insurance purchases.