An increasing number of studies have documented phenotypic selection on life-history traits in human populations, but less is known of the heritability and genetic constraints that mediate the response to selection on life-history traits in humans. We collected pedigree data for four generations of preindustrial (1745–1900) Finns who lived in premodern fertility and mortality conditions, and by using a restricted maximum-likelihood animal-model framework, we estimated the heritability of and genetic correlations between a suite of life-history traits and two alternative measures of fitness. First, we demonstrate high heritability of key life-history traits (fecundity, interbirth interval, age at last reproduction, and adult longevity) and measures of fitness (individual λ and lifetime reproductive success) for females but not for males. This sex difference may have arisen because most of the measured traits are under physiological control of the female, such that a male's fitness in monogamous societies may depend mainly on the reproductive quality of his spouse. We found strong positive genetic correlations between female age at first reproduction and longevity, and between interbirth intervals and longevity, suggesting reduced life spans in females who either started to breed relatively early or who then bred frequently. Our results suggest that key female life-history traits in this premodern human population had high heritability and may have responded to natural selection. However genetic constraints between longevity and reproductive life-history traits may have constrained the evolution of life history and facilitated the maintenance of additive genetic variance in key life-history traits.