In Alabama, what is the minimum age for purchasing life insurance on oneself?

In Alabama, the minimum age for purchasing life insurance on oneself is indeed 18 years old. At this age, an individual is considered an adult and is granted the legal capacity to enter into binding contracts, which includes insurance policies. This legal status allows them to make important financial decisions independently, reflecting the state's recognition of age as a factor in responsibility and decision-making.

Younger individuals, such as those who are 16 or 17 years old, do not have the legal authority to sign contracts on their own in most cases, hence they cannot independently purchase life insurance. This reflects a broader legal framework where certain rights and responsibilities are bestowed upon individuals upon reaching the age of majority, which in Alabama is 19 for many legal purposes; however, the specific context of purchasing insurance policies recognizes 18 as the legal threshold for autonomous decision-making in this area.