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That is a moral issue and i would strongly suggest thinking about it yourself.
Wiki User
∙ 13y ago
It generally depends on the individual's needs, budget, and goals. Term life insurance may be more affordable and suitable for covering a specific time frame with high coverage needs, while whole life insurance offers lifelong coverage and a cash value component that could be useful for estate planning or final expenses. Consulting with a financial advisor can help determine the best option for older individuals.
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Can you get life insurance after 85?
It can be difficult to get traditional life insurance coverage after the age of 85, as most insurers have age limits for new policies. However, there are specialized life insurance products such as guaranteed issue or simplified issue policies that may be available to individuals over 85. These policies may have higher premiums and lower coverage amounts due to the increased risk of insuring older individuals.
How much is insurance on a newborn?
The cost of insurance for a newborn can vary depending on the type of coverage, your location, and the insurance provider. It's best to contact insurance companies directly to get quotes and compare coverage options. In many cases, adding a newborn to an existing family health insurance plan may incur a monthly premium increase.
How long does Gerber Life Insurance last?
Gerber Life Insurance typically lasts as long as the policyholder continues to pay the premiums. Some policies may have specific term lengths, such as 10, 20, or 30 years, while others may be whole life policies that provide coverage for the policyholder's entire life.
How could someone over 50 years old get life insurance?
Someone over 50 can typically still get life insurance coverage through various options such as term life insurance, whole life insurance, or guaranteed acceptance life insurance. It may involve higher premiums due to age, but it is still possible to secure coverage by applying directly with insurance companies or seeking the assistance of an insurance agent specializing in this demographic. Additionally, maintaining good health habits and having a medical exam can help in obtaining better rates.
When does a whole life insurance policy mature?
A whole life insurance policy typically matures when the insured individual passes away, at which point the death benefit is paid out to the designated beneficiaries. Some policies also have a maturity date when the policy reaches a specific age, such as 100 years old, at which point the cash value may be paid out to the policyholder.
Is term life insurance a good option for seniors, or should I consider whole life?
Term life would be a better option than whole life insurance. Whole life insurance is better for early twenties-middle aged people. However, term life generally has an expiration and rates may go up at that point.
What kind of life insurance should you get?
When deciding what type of life insurance to get, someone can choose between term and whole life insurance. Term insurance pays out when a person dies and whole life can be cashed in if you need the money early.
What age should you start to consider whole life insurance?
You can start to look for life insurance at any age. A lot of people start to look for life insurance at around the ages of 45-50 years old to get good rates.
Should I look for affordable whole life insurance, or is it better to just buy a term life insurance policy?
Whole life insurance does come with several benefits. I would personally suggest term life insurance the the cost savings.
What does American General offer to people?
American General offers whole insurance, life insurance, group life insurance, annuities, and voluntary life insurance.
Can I get a replacement window for my car on my insurance?
Normally, injuries caused by theft should be covered. It really depends on the type of insurance you've gotten. However, the good people of the interweb have gathered a whole bunch on insurance info, for people with questions just like yours. Check out www.carsdirect.com, by example.
Is whole life insurance a good choice for a widow with no children?
Unless you have another person in mind who would need support should you die, then whole life insurance would not be a good idea.
Can you get a discount truck insurance quote for a whole fleet of trucks?
Some insurance companies will offer discounts when purchasing insurance to cover a large number of vehicles. You should discuss this with your insurance provider or get an insurance broker.
What are the benefits of having Term Insurance as opposed to Whole life Insurance?
The benefits of having Term Insurance as opposed to Whole Life Insurance are that Term Insurance is cheap for people up to the age of 50 and even up to the age of 65 in some cases. Whereas Whole Life Insurance is much more expensive as you are also paying for an investment in bonds or stocks which add significantly to the premium
What are common questions about life insurance that one should ask the life insurance agents before buying a policy?
Common questions about life insurance that one should ask the life insurance agents before buying a policy are if it is term or whole life insurance and how much it cost.
What should you look for when doing a life insurance comparison?
You should look at rates based on your age and other demographics. You should also compare term, whole and hybrid insurance to see what best fits your needs.
Should I purchase term life or whole life insurance?
Term life insurance does not build up accumulated value and ends when the insurance policy period ends. Whole life insurance does build up accumulated value, has tax advantages, but costs more than Term Life insurance. You can determine which product better meets your insurance needs.
