Premiums are level for the entire duration of the policy, and can be issued up to age 60 (max age of 55 for 20 year duration). (bestliferates.org)
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No where in the world you get life insurance after 85, however LIC's whole life Jeevan Tarang Policy provides maximum life cover upto 100 years, though max age at entry is 60 years and max. (answers.com)