How Much Life Insurance Am I Eligible For? 
Younger people are eligible for more coverage than seniors , when just income is taken into consideration . Many policies will allow a younger person to take out at least 25 times their annual income in life insurance coverage , whereas the amount that a 70 + year old person can financially qualify for is often 5 times their annual income . However , assets enter into the financial justification , as well as income , and this can enlarge considerably the amount of life insurance older persons can get . 