insurance at age 64

murph · Posted: Thu Jul 24, 2008 4:33 pm Post subject: insurance at age 64

my carrier does not provide coverage for new clients at age 64 or above. Is there anything out there for people in this circumstance?

beatuplunchbox · Posted: Thu Jul 24, 2008 5:38 pm Post subject:

At 65 they will qualify for medicare, med supplements, and medicare advantage.

This really does not help the 64 year olds though...

BarbadozBoys · Posted: Fri Jul 25, 2008 10:14 am Post subject:

patchwork_cobbler · Posted: Fri Jul 25, 2008 10:30 am Post subject:

Premium, in most cases, is directly related to the age of the applicant. Therefore, insurance companies often avoid insuring aged people as the premium rate will be skyrocketing.

Also the risks of covering an aged person are higher than covering the young.

Atwood · Posted: Fri Jul 25, 2008 1:08 pm Post subject: Insurance

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Alston · Posted: Sat Aug 02, 2008 7:51 pm Post subject:

Health insurance companies don't like to underwrite 64 year olds because they don't have enough time to recoup the costs involved in underwriting the policy.

Try applying for a short-term policy. Assurant is a company to check out. They do a good job with temporary policies.

murph · Posted: Sun Aug 10, 2008 2:11 am Post subject:

Thanks for the advice, I am being provided with old leads to practice on with my agency and some of the people I talked to had turned 64 since they put in the lead and I did not know what to tell them.

Alston · Posted: Sun Aug 10, 2008 11:02 am Post subject:

You may want to find a carrier that offers Medicare supplement policies. This can be a very good market. Short-term policies can also help increase your income.

If the best carrier for your client can only start them on the first of the month, you will need a short-term policy to properly serve them if they need coverage right away.

StatioNair · Posted: Mon Aug 18, 2008 8:59 am Post subject:

For age 65, there is a type of medical card package...
something like, he still pay for the monthly premium, anything happen, the premium increase.

Mcampbell · Posted: Mon Oct 27, 2008 4:02 pm Post subject:

They can qualify for final expense up to 80. They can get coverage up to 25k. Let me know if you want more info.

fireyone · Posted: Mon Oct 27, 2008 9:50 pm Post subject:

I just now heard of final expense..never heard of it before...it sounds like a pretty good idea.

Mcampbell · Posted: Tue Oct 28, 2008 5:58 pm Post subject: fe

fireyone,
Let me know if you would like some info on FE.

fireyone · Posted: Tue Oct 28, 2008 9:59 pm Post subject:

Kind of young for that but if I do I will keep you in mind.

LifeIsGood · Posted: Tue Oct 28, 2008 10:02 pm Post subject:

Psst...firey....Let's talk..I can get you 100K for a little more than 25K FE insurance.

Mcampbell · Posted: Tue Oct 28, 2008 10:02 pm Post subject: FE

I thought you were a agent. I was wondering if you wanted to sell FE to your clients. Sorry for the confusion.

insurance at age 64

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