Showing Tag: "burial insurance for parents" (Show all posts)

Burial Insurance for Parents over 80?

Posted by hadley hadley on Sunday, December 26, 2021, In : Life Insurance FAQ's 


Is there burial insurance for parents over 80 years old?

Yes. Adult children may purchase burial insurance policies for their parents who are over 80 years old.

In fact, one highly-rated insurer offers up to $25,000 of guaranteed acceptance life insurance for people ages 45 to 85 years old.

Many adult children buy guaranteed issue life insurance plans on their parents to provide the funds needed to pay for their burial and funeral costs.

Here's how to get burial insurance for parents over 80 year...


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Is there Burial Insurance for Parents?

Posted by hadley hadley on Saturday, January 11, 2020, In : Life Insurance FAQ's 


Is there burial insurance coverage I can purchase for my parents?

Yes. There are burial insurance plans available from several different insurance carriers, including United of Omaha, Gerber, AIG, MetLife, and Colonial Penn, among others.

And, adult children may purchase burial life insurance on their parents, because they have an insurable interest in their parents, which is required in order to buy life insurance on someone else.

Most burial insurance policies offer guaranteed acceptance for a...


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Can I Purchase Burial Insurance For Elderly Parents?

Posted by hadley hadley on Tuesday, May 13, 2014, In : Life Insurance FAQ's 

Yes you can buy burial insurance on your parents, although some life insurance carriers may require that the insured pay the premiums.  

Otherwise, you as the owner of their burial life insurance policies may be able to pay the premiums.

It is usually fine for the adult child to own the insurance policy and be the beneficiary of the policy, too.  

Most of these burial insurance policies do not require your parents to take any medical exam, but may require the proposed insured to...


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