0
Yes, you may be able to get final expense insurance for an elderly parent.
However, the insured person usually needs to sign the application for coverage and answer some questions on the application.
There are companies such as Globe Life, Colonial Penn and Stonebridge Life who offer life insurance for people age 78 and under. Some carriers even offer coverage for people age 80 and under.
Review your choices carefully, because some policies offer limited coverage the first 2 years the policy is In Force.
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
What is best way to buy life insurance for an elderly parent who may face death soon?
Final expense life insurance policies are available, and some are guaranteed issue plans, others have a simplified issue underwriting. A good agent can find your parent's best options.
Why does a 87 year old need life insurance?
A 87 year old may still have financial obligations, such as outstanding debts or funeral expenses, that they want to provide for. Life insurance can help cover these costs and provide financial security for their loved ones. Additionally, some policies offer benefits such as cash value accumulation or final expense coverage that can be beneficial for seniors.
Which parent is responsible for health insurance when divorced?
It should be specified in the final decree. If it isn't , neither one of you had a very alert lawyer.You will have to go back to court.
What is preliminary expenses in final accounts?
It is deffered cost
What is the purpose of a universal life policy?
Universal Life Insurance or UL is kind of permanent life insurance, generally implemented in the United States of America. The uses of UL include final expenses like funeral or burial, income replacement, and debt coverage.
Where establishment expenses must placed in final account?
assets
Can you recover final expenses from estranged parents estate?
Yes
Where does import duties go in the final account?
expenses a/c..
Can anyone provide info regarding purchasing a life insurance policy on your 76-year-old mother?
Depending on her health there are several options available for life insurance for her: Graded Life Insurance plans or Guaranteed Issue Life Insurance are small policies up to $50,000 which can be used for anything like final expenses, unpaid medical bills, burial fees etc.
How are outstanding expenses treated in final accounts?
i don't no. please give answer.
How many types of expenses are there in final accounts?
Sofware maintence bill
Life insurance for grandchildren?
i have 9 grandchildren from age 4 months to 8 years old 2 boys 7 girls verry healty how much with insurance cost me for all 9 ANSWER: There are a lot of variables here, you have covered the ages. If they are all healthy then the other variables are what kind of insurance and how much insurance do you want? When it comes to insuring children, Whole Life is the best way to go. If you can find and afford a short term premium like a 20-Pay Life that would be best. In other words it is all paid up in 20 years. Today Final Expenses cost (depending on where you live) around $10-$15,000. When your grandchildren are elderly it may be closer to $25-$35K or more. So you may wish to buy them a higher amount now, if you can afford it. A good source for Childrens life insurance can be found toll free at 866-403-1316
