Showing Tag: "life insurance for elderly parents" (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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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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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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