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Here is advice: * Not only does it not make sense, you can't! It may, however, make very good sense, depending on your own personal situation, to buy Long Term Care insurance. * If it were available to a person age 72 which I doubt, it would not make sense to purchase it.
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∙ 17y ago
It may be challenging to obtain affordable disability insurance at age 72 due to increased risk factors. It's best to compare quotes, consider any existing coverage or retirement benefits, and assess your financial situation to determine if it's a worthwhile investment. Consulting with a financial advisor can provide guidance tailored to your specific needs.
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Is there a insurance company that will insure a 86 year old male with life insurance?
Some insurance companies may offer life insurance to an 86-year-old male, but the premiums may be high due to age-related risks. It's best to research and contact insurance providers that specialize in policies for seniors to explore options. Meeting with a licensed insurance agent can also help in finding suitable coverage.
What is the maximum issue age of most individual disability policies?
The maximum issue age for most individual disability insurance policies is typically around 65 years old. After this age, it becomes more difficult to obtain coverage due to increased risk factors associated with age.
Can an 80 year old get long term care insurance?
It may be challenging for an 80-year-old to obtain long-term care insurance due to age-related health concerns and potential limitations on policy options. Insurers may have strict age restrictions or higher premiums for older applicants. It's advisable to inquire with insurance providers to explore available options.
Can you collect from a Gerber life insurance policy after you turn 21?
Gerber life insurance policies typically require you to be the policyholder to make claims. If you are the insured of the policy, you may be eligible to collect benefits, regardless of your age. It's best to review the specific terms of your policy or contact Gerber Life Insurance directly for assistance.
Whattype of insurance do you need when you reach retirement age where assisted living needs may exist?
When reaching retirement age and considering assisted living needs, long-term care insurance would be beneficial as it can help cover the costs associated with assisted living facilities, home healthcare, and other long-term care services not covered by traditional health insurance or Medicare. It is important to review policy details carefully to understand coverage limits, restrictions, and eligibility criteria. Consulting with a financial planner or insurance agent specializing in long-term care insurance can help you make informed decisions.
Does it make financial sense to purchase medical insurance for my dog?
It does not make financial sense to purchase medical insurance for your dog. You will rarely need to use the coverage and end up paying more in the long run. To learn more about dog insurance visit www.petinsurance.com/.
Do you pay taxes on state disability?
No because disability payments come from taxes, so it would not make sense. Disability payments do not come from the state they are federal.
If receiving long term disability can the insurance co make you take another job?
Technically the insurance can and often will make you take another job if your Disability contract has an "Any-Occupation" Definition of total disability. This definition says that benefits will only be paid if you are unable to do any occupation for which you can be expected to perform based on your experience, education and prior earnings.This is the primary reason why "Own-Occupation" Disability insurance is so important.
How To Lower Your Disability Insurance Quotes?
To lower your disability insurance quotes, you can consider increasing the waiting period before benefits kick in, opting for a shorter benefit period, choosing a lower coverage amount, improving your overall health and lifestyle, and comparing quotes from multiple insurance providers to find the best rate.
Does pot smoking affect disability insurance?
Yes. Just answer the question honestly, there's probably a separate form to fill out and then the Insurance Company will make a decision.
Why do insurance company want a 16 year old to get insurance when the car is insured already?
That doesn't make sense. You may have misunderstood. The 16 year old driver would have to be listed on the policy as a driver. Most companies will not even allow a 16 year old to purchase insurance in their name because they are not a legal adult and an insurance application and policy make up a legal contract.
Where can one purchase commerce insurance in Maine?
You can purchase commerce insurance in Maine from the MAPFRE Commerce Insurance website. Once on the website, you can get a quote, manage your existing policy and make payments online.
Does Geico provide disability insurance rates?
You can check out there site at Geico and talk to there representative. It is a car insurance so I do not think they do provide that. Check just to make sure.
What is Key employee participation in group insurance plan?
This question does not make sense. Are you asking about "key man insurance?"
Does travel insurance make sense?
It make sense because it will give you a peace of mind when you go travelling. It just cost a fraction compare when something happens durring your holiday. Everybody pay insurance for his car and travel insurance fall in the same category.
Can you get mortgage insurance that includes life disability and unemployment?
Mortgage insuranceFor mortgage - I don't know of any companies that offer unemployment coverage other than through the State, those links are on the disability page. If you are self employed you can get unemployment and disability at your option through the State (CA) if your an employee, it's mandatory New answer 11/07/08 - if you are talking about private mortgage insurance, yes there are companies that offer PMI that have an option for disability and unemployment coverage.Add on answer 02/18/2011- You can purchase additional riders for the Mortgage Protection Insurance which is a form of Life Insurance with the premiums to be paid by the company if the owner is disabled or unemployed. Check with your agent first before jumping into any product and ask around.:Yes, you can add unemplyment mortgage protection, as well as disability income benefits to your mortgage insurance policy. A good agent can compare different rates from multiple companies and help you through the process.
How much do you get monthly income on social security disability income?
How much money can I earn monthly while on Social Security disability Insurance
