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Hi,
Whilst age is certainly a factor when you are considering getting some life insurance, it shouldn't be something that puts you off it.
If you are looking for the cover to ensure that your family can pay for your burial, then life insurance is a good choice and I certainly would not recommend that your husband cashes in his policy. That would simply leave both of you uncovered!
You are better off looking for life insurance for yourself for a small sum assured (enough to cover your funeral) so that when the sad time comes, your family can cover both your husbands and your own funerals.
You can find some more helpful information about over 50 life insurance on the website I've added to the related links.
It should provide a bit more detail about how your age effects the cover and what you should be looking for.
I hope that helps!
What else can I help you with?
If a wife loses her health insurance can she force her husband to add her to his policy which covers spouses at no extra charge until she has her own again?
I think if a wife loses her health insurance, she should not have to force her husband to add her to his policy, the husband should have added her from the beginning, cost or no cost.
Can husband cash in wife's insurance policy?
If the husband is the nominee of the wife's life policy,and in case of later's eventuality, he can claim the insurance proceeds and the Insurance Co. is legally bound to pay to the nominated husband.
Can a wife take out a life insurance policy on her husband?
yes you can just go to a insurance place and take out insurance policy he will have to be there also,
Is it legal to take a life insurance policy out on a common law husband and get paid if he should die?
Yes, as long as he consents to the policy being issued.
Which company write burial insurance policy?
Funeral homes sell burial insurance policies but you are much better off buying a regular life insurance policy and using part of the benefits to pay for funeral costs. The cost per thousand of the normal life insurance policy is much less on a regular policy than on a burial policy sold by the funeral home. Funeral homes make extremely high commissions on the sales of these policies, the beneficiary and owner of the policy is probably the funeral home as well so you can't change your mind later and make any changes in the policy.
If your husband gets a DUI and you divorce does his high insurance rates follow you?
No. Your insurance rates are determined by the driving record(s) of the driver(s) on the policy. If your husband isn't on your policy then you won't be affected. Look at your insurance declarations page to see what drivers are on your policy.
Should you lose your license for no insurance if you are listed as a driver on your husband's auto insurance policy?
The question is a little confusing. If the spouse or person is listed on the insurance policy as a driver of the vehicle then they are indeed insured and shouldnot besubject to being penalized for that specific issue.
If your ex-husband insures your son on his auto insurance policy do you also need to put your son on your policy?
Most likely not. Your son should be listed on the policy that has the vehicle that he is most likely to drive.
Your husband died and had no beneficiary on his life insurance policy how do you collect the money?
You may need to be appointed the fiduciary of his estate because the proceeds will be paid to the estate. You should contact the insurance company for their policy regarding a situation such as yours.
Can my husband add my name to a homeowners insurance policy but not to the deed?
Yes
Should you buy burial insurance Is this an important policy to own?
Burial insurance (aka funeral insurance) is a basic issue life insurance policy that covers people until they reach 100 years old. Burial insurance (also known as funeral insurance) is promoted as a way to pay in advance for your funeral expenses so that your loved ones won't have to pay for your funeral. There are many things you can do to make your death easier on the wallets of those you love. Preplanning your funeral saves money and grief, as well as deciding whether you want to be buried in a casket or cremated and put into and urn, figuring out who gets what part of your estate, and which company to choose for your perfect term life insurance policy (if you're a senior). It is a very important policy to own if you want to save your family from grief and funeral costs.
Can you get a life ins policy on your new husband in the state of new york?
If you mean to ask if you can get a life insurance policy on your new husband WHILE HE IS in the state of New York and you're not there, the answer is no. He has to sign the application. If you mean to ask if you can get a life insurance policy on your new husband AND BOTH OF YOU ARE IN NEW YORK, yes because he can sign the application. If you mean to ask if you can get a life insurance policy on your new husband WITHOUT HIS KNOWLEDGE, the answer is no because he has to sign the application.
