Who offers life insurance for 80 year olds?

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PostPosted: Wed Apr 08, 2009 2:10 pm   Post subject:   

Hi Super Agent,



Quote:
try for Colonial Penn..


Can you give us an idea of how the premium would be for someone in 80s?

If the cost would be too high with CP, then probably they won't like to go for it.



Roddick
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PostPosted: Wed Apr 08, 2009 2:42 pm   Post subject:   

Quote:
Hi,



i searched very hard on Google & other search engines. But i can't find any link about any insurance company who offer to give insurance policy for 84 year old person.




Genworth, Transamerica, West Coast Life, Lincoln Benefit Life, MetLife Investors, American General, CM Life, Aviva.
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PostPosted: Wed Apr 08, 2009 3:52 pm   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?



Sil...

Yes, in good health you would qualify for an FE. Even in just decent health you would probably qualify for an FE.

The funeral home could be made the beneficiary (unless that's not approved by your state) or the beneficiary could just pay for the funeral when the proceeds come in. Most funeral homes will work with the insurance company for you in order to file the claim and all. Most are very proficient at doing that.

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PostPosted: Thu Apr 09, 2009 7:29 am   Post subject:   

hey rodick......go to colonial penn website....and get a quote ....they provide life insurance for age upto 85 for some states......go ahead check it its good for u ......and also the monthly premum would be 80 dollars if u claim around 8 coverages and it will be around 10$ for 1 unit of coverage.......best of luck......colonial penn also provide 30 days of freelock period.......

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PostPosted: Thu Apr 09, 2009 7:51 am   Post subject:   

Hi Super.. 10$ per unit is not bad for someone in 80s...but are they really good about settling claims?



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PostPosted: Thu Apr 09, 2009 10:57 am   Post subject:   

Quote:
Yes, in good health you would qualify for an FE. Even in just decent health you would probably qualify for an FE.




A good news! But, what is criteria for good health at 84?? There are inherent problems(e.g ear and eye deterioration etc.) with age and can it be of help when they ask for good health?
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PostPosted: Sat Apr 11, 2009 3:27 am   Post subject:   

ear and eye deterioration is hardly ever asked on a FE application.



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PostPosted: Sat Apr 11, 2009 10:55 am   Post subject:   

Hi,



Quote:
But, what is criteria for good health at 84??


I guess it's more about not undergoing any heart surgery or cancerous treatment. What else could you think of now?



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PostPosted: Mon Apr 13, 2009 5:33 am   Post subject:   

hey...rodick...it is always good to have discussion with u...

well Colonial Penn is ok with claims and other services ..... not as good as AllState and other companies......but rodick i think in this case (84 ear lady) ...... weve got very less options.......hope it turns out good.....i have a friend who recently went to newyork with his mom (75 yrs old) ....there he got this life insurance for his mom.....and he only recommended me....and i recomended in this post.......take care

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PostPosted: Mon Apr 13, 2009 9:53 am   Post subject:   

Super, does Col. Penn operate across all states in the U.S. now?

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PostPosted: Mon Apr 13, 2009 12:32 pm   Post subject:   

Roddick colonial penn covers around 49 states

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PostPosted: Fri Apr 17, 2009 9:02 am   Post subject:   

Hey TRK3031962



Quote:
Even in just decent health you would probably qualify for an FE.




I read somewhere that if someone does not qualify for other life insurance policies, FE would be a good option. So is there supposed to be an age limit before which I wouldn't qualify for FE? Or can I at 50 get FE?


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PostPosted: Fri Apr 17, 2009 6:59 pm   Post subject:   

MassMutual offers a whole life policy for anyone under the age of 90. If you would like you can email me and we can further discuss your grandmothers needs. My personal email is brooke.renfrow[at]gmail.com. I would be happy to provide you with a free quote but will admite due to her age it will be pretty expensive. If I can help just let me know.

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PostPosted: Fri Apr 17, 2009 10:33 pm   Post subject:   

We're writing up a case today for an 81-year-old....backdating to age 80 gives him $250k guaranteed forever for $13k/year or guaranteed for 10 years for $9500/year. The funds will be used to allow the spouse (who is 20 years younger) to continue paying the $11k/year premiums for a second-to-die policy for estate tax purposes once he is gone. Should fund the following ~23 years worth of premiums at no additional expense to her other than what was paid in premiums for the life policy on the husband. So yes, it does work in some cases, just not every case.

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PostPosted: Sat Apr 18, 2009 11:08 am   Post subject:   

The answer to the original question is, "lots of companies write policies on 80 year olds.

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