from my perspective, the reason to consider age limits for politicians, while using Biden as an example, is not the chance that he will die in office; it's rather the chance that he won't die in office.
he's showing signs of having trouble doing a good job
As if he didn't show those signs when he took office.
Presidential age limit restricts mostly the right of the people for who to vote for. If you can't trust your people to distinguish candidates abilities to perform their duties, maybe a different political system altogether would be more appropriate.
Now, when media start covering up, maybe the problem also lies elsewhere
The electoral college picks. They don't have to vote for who most the people their state wants either (although state law may punish them if they go rogue).
President is only semi democratically decided as a courtesy.
That’s why I purposely linked to the official US government Actuarial Table.
Biden is 81.
The statistics state that an 81yo will only live 7-more-years.
When a presidential term (4-years) is more than half of your remaining life, the margin of error to die while in office is extreme high.
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Another way to look at it is …
The min age for POTUS is 35yo.
The Actuarial Table state that a 35yo will live 40-more-years (to age 75).
Then set age 75 to be the max age