Why can you get longer term policies in UK/Europe?

General
1

I notice in the US it seems to max out at 30 years of coverage while here you can get up to 50 if you’re young enough.

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2

Not sure if this is why, but my assumption would be mortgage terms.

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3

You can get 40 year term in the USA.

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4

You can dial a GUL to have it term out whenever you want. 45, 50, 60 years. Take your pick.

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5

Longer-term policies are available in the UK and Europe due to differences in the insurance market regulations, product offerings, and consumer demand. European insurers often provide more flexible options, including policies that last longer than 30 years or even cover the policyholder for their entire life.

Some key factors include:

  1. Market Competition: European insurers often offer a wider variety of products to meet consumer needs.
  2. Regulations: Different regulatory environments allow more flexibility in policy structures.
  3. Cultural Preferences: People in Europe may prefer policies with longer durations or whole life coverage.

In contrast, the U.S. insurance market often focuses more on shorter-term policies,