When natural rubber is used for a long period of time, it becomes aged; it usually becomes hardened and loses its damping capability. This aging process affects not only the material property but also the (fatigue) life of natural rubber. In this paper the aging effects on the material property and the fatigue life were experimentally investigated. In addition, several fatigue life prediction equations for natural rubber were proposed. In order to investigate the aging effects on the material property, the load-stretch ratio curves were plotted from the results of the tensile test, the compression test and the simple shear test for virgin and heat-aged rubber specimens. Rubber specimens were heat-aged in an oven at a temperature ranging from $50^{circ}C$ to $90^{circ}C$ for a period ranging from 2 days to 16 days. In order to investigate the aging effects on the fatigue life, fatigue tests were conducted for differently heat-aged hourglass-shaped and simple shear specimens. Moreover, finite element simulations were conducted for the specimens to calculate physical quantities occurring in the specimens such as the maximum value of the effective stress, the strain energy density, the first invariant of the Cauchy-Green deformation tensor and the maximum principal nominal strain. Then, four fatigue life prediction equations based on one of the physical quantities could be obtained by fitting the equations to the test data. Finally, the fatigue life of a rubber bush used in an automobile was predicted by using the prediction equations, and it was compared with the test data of the bush to evaluate the reliability of those equations.