Showing Tag: "life insurance for elderly" (Show all posts)

Is There Life Insurance For Elderly Parents Over 80?

Posted by hadley hadley on Thursday, December 22, 2022, In : Life Insurance FAQ's 
Yes, there are life insurance plans available for your elderly parents who are over eighty years old.

You, as an adult child, may purchase life insurance on your elderly parent, because you have an Insurable Interest in your parent, which is required in order to buy life insurance on someone else.

There are several life insurance carriers that offer life insurance policies for people over 80 years old, including United of Omaha.

For example, United of Omaha offers up to $25,000 of life insurance...
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Life Insurance for Elderly People

Posted by hadley hadley on Sunday, February 23, 2020, In : Life Insurance FAQ's 


Yes. There are life insurance plans available for older people, whether they are in good health or have health issues.

The elderly may qualify for permanent life insurance which provides lifetime protection, or term life insurance which provides life insurance for a specific number of years.

In addition, there are Guaranteed Issue life insurance policies available for people between the ages of 45 to 85 years old.

Guaranteed issue policies offer guaranteed approval for anyone who meets the age r...


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Can I Buy Life Insurance for My Elderly Parents?

Posted by hadley hadley on Thursday, January 2, 2020, In : Life Insurance FAQ's 

Yes, adult children may purchase life insurance plans on their parents.

However, if your parents are old, they may be in need of guaranteed issue life insurance coverage, especially if they have health issues, or they are over 75 years old.

Guaranteed issue policies guarantee your parents acceptance for coverage regardless of their health.

Learn more about how to buy life insurance for elderly parents.


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Is there Life Insurance for Older People?

Posted by hadley hadley on Wednesday, June 7, 2017,

Is it possible for old people, over age 70 to get insured for life insurance?

Yes, in fact you may qualify for term insurance or whole life insurance if you are over age 70.

Your approval for coverage will depend on your specific age and health, as well as, the insurance company you apply to for a life insurance policy. 

Term life is temporary coverage offering seniors life insurance for a duration (term) of 5, 10, 15 or 20 years, usually.

Whereas, whole life insurance offers lifetime life insura...
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Life Insurance for Your Elderly Parents

Posted by hadley hadley on Wednesday, February 24, 2016, In : Life Insurance FAQ's 
Can I buy a life insurance policy on my elderly parents?

Yes, adult children can purchase life insurance coverage on their parents.

Why would you want to buy life insurance on your parents?

Well, maybe your parents don't have any life insurance of their own, or perhaps, they don't have the money saved to pay for their own funeral and burial costs.

Did you know that the average cost of a funeral and final expenses may exceed $8,000?

That's why it may be a good idea to purchase an affordable life in...
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Life Insurance for Elderly Parents?

Posted by hadley hadley on Wednesday, March 25, 2015, In : Life Insurance FAQ's 
Can I get life insurance on my elderly parents?

Yes, an adult child may purchase life insurance on an elderly parent.

Many people choose to buy life insurance to provide money to pay for the final expenses for their parents.

In addition, even of your parents are over age 70 or have a health problem, there are guaranteed approval life insurance plans available that can give you the life insurance protection needed for your elderly parents.

Some plans offer up to $25,000 of guaranteed approval life...
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Is There Life Insurance For Elderly?

Posted by hadley hadley on Monday, February 3, 2014, In : Life Insurance FAQ's 

Yes, there is life insurance available for elderly people.

There are several life insurance plans available for the elderly with No Exam required.

Final Expense life insurance policies can be purchased by people usually up to age 80.

There is quite a bit of leniency on the health questions for these 
these no exam senior life insurance policies policies, but it is possible to be declined. The maximum amount of life insurance offered is usually up to $25,000 for this type of lif...


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