Assuming the parent is an adult, most life insurance companies will issue policies on someone as old as age 75-80.
That depends on the policy.
The individual policy is always primary.
The custodial parent.
how do you locate old life insurance policies
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.
A 17 year old can not enter into a legally binding contract. Therefore a parent or guardian must countersign the Insurance Application.
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.
Term life insurance has the lowest premium for a young person. Term life is temporary for 1-30 years of coverage. The younger you are when you purchase life insurance, the lower your rates. Since term life is the lowest cost life insurance, it would offer you the lowest premiums compared to the same amount of permanent life insurance.
YES
Your parents status should have no effect on your ability to get insurance.
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.
No, any violation or accident claims are sole responsible to a person who holds the title and insurance under their name. asian623 http://www.myspace.com/scionturboracing