| Message |
Author |
|
 Posted: Wed Aug 04, 2010 7:15 pm Post subject: Life insurance for an 84 year old |
|
|
| My mother is 84 and has no life insurance. Is it possible to get any for her? (To cover funeral expenses in the future( |
|
sklread
New member
Joined: 04 Aug 2010
Posts: 1
1.30 Dollars($)
|
|
| Posted: Thu Aug 05, 2010 2:20 am Post subject: |
|
|
Very difficult to do, but can be done. Here's the big question. What kind of health is she in? She'd got to be perfect for a life insurance to issue a fully underwritten policy at that age--guaranteed issue is out of the question since she's past the age range.
Also, what state? This matter a lot in some circumstances (e.g. New York is terrible based on the limited number of insurance companies there).
You got to be careful even if you find a company you think will issue a policy. Need to gather all the maybes and look at informal underwriting inquiries. One hasty move that yields a decline and it's almost a for sure game over at that point. One decline carries a lot of weight with other carriers, they'll basically decline based on the original decline |
|
BNTRS
Senior member
Joined: 05 Nov 2009
Posts: 828
13.02 Dollars($)
|
|
| Posted: Thu Aug 05, 2010 5:57 am Post subject: |
|
|
| Quote: | | What kind of health is she in? |
Well, I guess that's the biggest question out there. If she's doesn't have pre-existing health conditions that's one thing, and if she's been through a tough one that's another. We've had quite a few discussions on this topic before and here's what I have for you now-
http://www.ampminsure.org/life/reasonable-premium-policy.html
_________________
Insuranceguy.ampminsure.org |
|
Juanita
Moderator
Joined: 04 May 2007
Posts: 735
Location: Idaho
137.01 Dollars($)
|
|
| Posted: Thu Aug 05, 2010 8:47 pm Post subject: |
|
|
| BNTRS is correct. It is going to be extremely difficult, if not impossible to get a life insurance policy for her unless she is in excellent health. Even if you can find one, it will be unbelievably expensive. |
|
JohnSoQ
New member
Joined: 04 Aug 2010
Posts: 10
2.52 Dollars($)
|
|
| Posted: Fri Aug 06, 2010 11:28 am Post subject: |
|
|
| I don't think the OP is looking for an usual kind of life insurance policy. What he actually needs is a Final expense insurance. See if you may shop for a term policy with a low face value. |
|
steven
Senior member
Joined: 02 Feb 2006
Posts: 1553
215.66 Dollars($)
|
|
