This paper investigates the morphology, thermal, and electrical properties of LDPE (low-density polyethylene)-based nanocomposites after thermal aging. The FTIR (Fourier transform infrared spectroscopy) spectra results show that thermo-oxidative reactions occur in neat LDPE and LDPE/SiO2 nanocomposites when the aging time is 35 days and in LDPE/MgO nanocomposites when the aging time is 77 days. Specifically, LDPE/MgO nanocomposites delay the appearance of thermo-oxidative reactions, showing anti-thermal aging ability. Furthermore, nanocomposites present lower onset degradation temperature than neat LDPE, showing better thermal stabilization. With regard to the electrical properties, nanocomposites maintain the ability to suppress space charge accumulation after thermal aging. Additionally, in comparison with SiO2 nanocomposites and neat LDPE, the permittivity of LDPE/MgO nanocomposites changes slightly after thermal aging. It is concluded that LDPE/MgO nanocomposites have better insulation properties than neat LDPE after thermal aging, which may be caused by the interface introduced by the nanoparticles.