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Where can you purchase life insurance or burial insurance for 89 year old parent?
Wiki User
∙ 14y ago
I'm sorry, but you have to understand that the life expectancy in the United States is substantially less than 89. You will find it very difficult to get life insurance on a parent who could die any time.
I'm not saying it is impossible. But you would be paying a great deal in a premium that would pay out only about as much as you put in.
Do not be fooled by the multiplicity of advertisements from no-name or small name companies that you see flooding the airwaves of tv and the junk box of your email. You need to consult with an insurance agent of a large and reputable company, so that any deal you do conclude will be honored.
The smaller and less known companies may well honor their deal with you - it's just that you'll learn the deal was far different then you thought.
Also, go with cremation when they pass. It's a lot cheaper.
Wiki User
∙ 14y ago
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How can you buy life insurance for a parent?
You can purchase life insurance online for your parent. Anyone can purchase life insurance for their parent, because they have an "Insurable Interest" in their parent. You can compare free life insurance quotes online, or purchase life insurance direct online for a parent. However, your parent may need to sign an application form, and your parent may need to take a physical exam, and/or answer some health questions.
Can you purchase life insurance on your parent?
Yes, with your parent's knowledge and consent.
Who is honoring National Burial Insurance Company Burial Policies?
Monumental Life Insurance Company bought National Burial Insurance Company. Monumental Life Insurance Company will be honoring the burial insurance policies. (Monumental Life has changed names to Transamerica.)
Can you take out life insurance on your parent?
Yes you can purchase life insurance on your parent. In order to buy life insurance on another person there must exist an Insurable Interest in that person. There does exist an insurable interest between siblings, spouses, and parents and children.
What companies offer burial insurance?
Most life insurance companies will offer burial insurance as well. You can find a good sized list of companies at (http://www.burialinsurance.com/Burial-Insurance-Burial-Insurance-Info-Company-Information.html).
What are the benefits of burial life insurance?
There are a few possible benefits of burial life insurance. Some of the advantages include there being no age restrictions as there are on many life insurance policies. The cost is low as it only covers one's burial and funeral costs.
What kind of life insurance is burial insurance?
It is usually a simplified issue whole life policy. Burial insurance requires little testing and is issued quickly. The downside to that is paying a higher premium than you would through traditional whole life insurance. You can also take the help of experienced insurance agent who will assist you better in differentiating life insurance and burial insurance. I can suggest you the Rais Insurance as they are serving the services since 1982
Where can you get No physical exam burial insurance?
No physical exam burial insurance may be available from an insurance agent in your area who specializes in burial or life insurance. Other options you may have include contacting insurers who offer simplified life insurance plans online including Colonial Penn, Garden State Life, and Globe Life Insurance. These plans usually offer up to $30,000 of coverage with a simplified application process, and no medical exam required.
Where can one purchase life assurance?
One can purchase life insurance from a number of different companies. One can purchase life insurance from companies such as Aflac, Liberty Mutual, and American Family Life Insurance.
Where could a Canadian purchase life insurance?
Life insurance is an important protection to have. Canadians can purchase life insurance through a local independent broker, or online at LSM Insurance.
Who bought national burial insurance company?
Monumental Life Insurance Company, 800-638-3080
Where can I purchase guaranteed insurability life insurance?
you can purchase guaranteed insurability life insurance . you can check on this www.MutualofOmahaLife.com or www.AccuQuoteLife.com
