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If the 87 years old has a plan for funeral expenses, estate fees and taxes, then no.
Final expense policies can cover some of these expenses if there is no other source to pay for these expenses.
Wiki User
∙ 11y ago
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.
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Can a son take out life insurance policy on his 75 year old mother?
Yes, a son can take out a life insurance policy on his 75-year-old mother with her permission. In most cases, the son would need the mother to consent to the policy and also potentially need to prove insurable interest to the insurance company.
Can you get a term life insurance policy for your grandma who is 90 years old?
It may be difficult to obtain a term life insurance policy for a 90-year-old individual. Many insurance companies have age limits for issuing new policies, and the premiums for a policy at such an advanced age may be prohibitively expensive. It's recommended to explore other options such as final expense insurance or pre-need funeral planning.
Can you get life insurance for a 93 year old?
It may be difficult to obtain life insurance for a 93-year-old due to their age and potential health risks. Insurance companies typically have age limits for new policies, and premiums may be very high or coverage options limited for individuals in this age bracket. It's recommended to consult with insurance providers to explore available options.
Can I get life insurance on my 86 year old mother?
It may be difficult to get life insurance for an 86-year-old individual due to their age and increased risk of health issues. Insurance companies may offer limited coverage options or higher premiums. It's best to consult with insurance providers to explore available options.
Where does 92 year old get life insurance?
A 92-year-old can typically purchase life insurance through specialized insurance companies that offer coverage for seniors. However, premiums for older individuals are generally higher due to the increased risk of mortality. It's important for them to compare rates and coverage options to find a policy that suits their needs.
Can a65 year old get life insurance?
Yes, a 65 year old adult can get life insurance coverage depending on his or her health. There are term life insurance policies and permanent life insurance policies available. And, guaranteed acceptance life insurance may be available for people ages 45-85.
Can a A year old have insurance in his or her name?
There are several companies that offer life insurance for infants.
Can a Daughter get life insurance for her 95 year old mother?
No insurance company in the world will provide life coverage for your 95 year old mom. Since mortality rate at this age is beyond the purview of life insurance, she will not be entitled to get fresh life policy in her name.
Insurance for 16 year old?
They should have medical coverage. Usually it can be included in the parent's policy and their premium amount. A 16 year old does not need life insurance. Put that money in a college fund. I would also question the value of Long Term Care Insurance.
My 19 year old son had a car accident and he suffered brain injury looking for life insurance can you help?
I'm not sure why he would need life insurance. You do, however--since he would need financial resources if you died. Pretty much any life insurance company would offer life insurance for either of you, but in his case the premiums may be quite high.
Does your 16 year old need auto insurance if he has motorcycle insurance?
motorcycle insurance only covers the motorcycle
If an American is in Nigeria with a three year old son does he need an insurance to travel outside of Nigeria?
No. He does not need an insurance to travel outside of Nigeria.
Is there a life insurance company that will write an 88 year old man in good health?
yes MAX NEW YORK LIFE INSURANCE is a company that will write an an old man in good health
Can a 17 year old get their own health insurance?
I am 17 years old I moved out and i need insurance to help with medication bills and I dont know what to do
Can a son take out life insurance policy on his 75 year old mother?
Yes, a son can take out a life insurance policy on his 75-year-old mother with her permission. In most cases, the son would need the mother to consent to the policy and also potentially need to prove insurable interest to the insurance company.
How old does my child need to be to withdraw his life insurance?
Normally, your child can withdraw their life insurance when they are 18. However, this may vary from policy to policy and between different insurance companies.
What is the best term insurance rate for a 25 year old?
There are a few variables that must be considered when purchasing life insurance. Some of these include the person's age, face value of the insurance, whole life vs term, and smoker or non-smoker. In Canada, a non-smoking 25 year old male can but 100,000. 20-year term life insurance through Manulife Financial for $12.12 per month.
