A. No. Every life insurance company has financial underwriting requirements. How much Term Life coverage you are eligible could be very different from how much Term Life coverage you want.
For example, an insurance company might allow a person in the 20's to purchase a death benefit that is 25 times greater than his or her annual income. If the same person applies for Term Life at his or her late 50's, that multiple could be no more than 8 or 10 times of annual income.
The actual multiples vary by insurance carriers, but they follow the same pattern - the older you are, the more likely you will develop a chronic medical condition, and the narrower your insurance options will be.
If you want to play around and see how much is the maximum life insurance death benefit you could purchase, we have developed an online tool here.