at that age, tell me one FE policy that makes economical sense.

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PostPosted: Fri Feb 27, 2009 5:31 pm   Post subject:   

Okay, I just thought if there was a suggestion that it should be made known to the querent what they needed to consider...

We know as agents what works but the clients don't so we have to be specific with them to give them the opportunity to make an informed decision. Of course, you can't thoroughly do that here on a forum but it does help to have something to go off of.



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PostPosted: Tue Mar 24, 2009 6:06 pm   Post subject: Not likely  

How many people over age 80 do you think would fit that profile? I would imagine since you sell a lot of these policies you would have some statistics. I'm not saying it is impossible... It would be something to look at BUT if she didn't fit into that; I know for sure that an FE policy at that age is just ridiculous.



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PostPosted: Wed Mar 25, 2009 11:17 am   Post subject:   

Quote:
I know for sure that an FE policy at that age is just ridiculous.





it is necessary to have the full data about the FE policies and then it could be some perfect stance to comment on the issue. Wink


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PostPosted: Wed Mar 25, 2009 12:48 pm   Post subject:   

I don't think so... at that age, tell me one FE policy that makes economical sense. As a matter of fact, most don't even issue after 80. Do you know why? Because it doesn't make sense.



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PostPosted: Wed Mar 25, 2009 11:52 pm   Post subject: insurance  

I work with the Elderly....ALOT of them are over 80 years of age. they do have Medicare, mostly because any other Insurance would say they are 'high risk' ( because of age, pre-existing Health conditions, etc.), so, they wouldn't 'qualify' for other Insurance policies.

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PostPosted: Thu Mar 26, 2009 12:32 am   Post subject:   

exactly



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PostPosted: Thu Mar 26, 2009 5:35 am   Post subject:   

There aren't many 84-year-old people in good health, but we've had a few clients who would still qualify for standard rates at that age, believe it or not. An 84-year-old woman can get $50k of coverage guaranteed forever for ~$4,200 per year. Will she live past the age of 96 when she will have paid up the entire death benefit is the gamble...

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PostPosted: Fri Mar 27, 2009 1:15 pm   Post subject:   

Quote:


its really a gamble.who will take the chances for that.




Someone who thinks they'll win that gamble....like I said, it's not common, but it does happen.
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PostPosted: Mon Mar 30, 2009 11:14 pm   Post subject:   

I was just looking at the price of a FE policy on a Female age 84, 10k. It would cost her $129.53/month. At that rate she pays $1554.36/year. She would pay in the 10k in 6.43 years. So if she reaches 90, she's just about at the break-even point.



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PostPosted: Tue Mar 31, 2009 10:48 am   Post subject:   

Hi Guys



I heard final expense policies usually don't need you to undergo any health examination? Jacksonfinancial can correct me if I'm wrong, since I don't know much about this. You only pay a premium and the benefits are received by the funeral home. This type of insurance can be a little expensive because they let you choose the type of casket, service accessories and so forth. You can give it a thought if you are willing to spend some extra cash



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PostPosted: Fri Apr 03, 2009 3:44 pm   Post subject:   

84 year old & she wants insurance policy.



I think there is not any insurance Company in world to give insurance policy to 84 year old Person. They can give it but they taking very hard medical test other viz they not going to loose.



Thank you,

Very much.

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PostPosted: Fri Apr 03, 2009 11:22 pm   Post subject:   

Not true buckisaa, here's a couple...UTA and Loyal American. There are more if you really want to know that bad I'll take the time to look them up.



Sil, you are getting two different things mixed up. Yes, Final Expense doesn't make you go through a medical exam but does ask questions that you have to qualify for. Some applications are broken down into 2 or 3 parts and if you make it through the 1st part, you go on to the 2nd and so forth, the further you get the better rates you get.

It does not have to go to a funeral home unless you name the funeral home as beneficiary.



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PostPosted: Sun Apr 05, 2009 11:22 am   Post subject:   

heu buck !! why you are confusing here!! because we are talking here about the FE insurance policy and you are here again telling about the life insurance policy. All the boardmembers do know that it is difficult rather not advisable to go for a life insurance policy.



here members are discussing about the FE insurance policy now at this current moment. Wink



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PostPosted: Mon Apr 06, 2009 7:43 am   Post subject:   

Quote:
Yes, Final Expense doesn't make you go through a medical exam but does ask questions that you have to qualify for




Oh I see Smile I have limited knowledge on FE. TRK3031962 I am curious as to how do you qualify for FE? I mean when the OP says
Quote:
We just want to be able to provide a decent resting place for her without hassle;


does it mean that they can pay for the funeral and get reimbursed from FE? Or do they designate a funeral home to take care of the final rituals and then the money goes to the funeral home as reimbursement?



At 84 if you are in a good health condition, would you qualify for FE?


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PostPosted: Tue Apr 07, 2009 5:38 am   Post subject:   

try for Colonial Penn...this insurance company provide insurance to senior citizens.....even of age 85...at monthly premiums.......check it out

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