Can a 30 yr old child take out life insurance on a parent?
No related posts.
Related posts brought to you by Yet Another Related Posts Plugin.
Auto Insurance Auto Insurance Company Best Golf Boston Celtics Buy Insurance Car Auto Car Insurance Company Insurance Dad Game Golf Ball Golf Balls Golf Cart Golf Club Golf Clubs Golf Course Golf Courses Golf Game Golf Swing Golf Tournament Good Golf Handicap Health Insurance Holes Insurance Insurance Auto Insurance Car Insurance Company Insurance Life Insurance Work Irons Life Insurance Life Insurance Company Life Insurance Policies Life Insurance Policy Lot Money Parents People Play Golf Playing Golf Taylor Lautner Term Insurance Tiger Vw Golf
WP Cumulus Flash tag cloud by PopVan.cn and Rve requires Flash Player 9 or better.
9 Responses
1.31.2010
Best Answer – Chosen by Voters Sure, with the consent of the parent.Especially is they have no insurance.When, not IF, but WHEN death occurs, what will you use to pay for the funeral?? Go see an agent, and do it now.
1.31.2010
Yes, you can insure the life of your parent.You need the following:1. An Insurable Interest – They are your parents and you may need to pay for their funeral and burial, so yes there is an insurable interest presented in this case.2. You need their permission and cooperation – They would need to provide information and answer questions for the application, and perhaps sign a form.3. Physical Exam – Your parent may be required to take a physical exam to qualify for the life insurance coverage.You do have an option of buying a smaller policy that offers between $5,000 to $30,000 of life insurance coverage that would help to pay for final expenses and things of that nature.This type of policy is quick and easy to apply for online. In fact, you may be able to get up to $30,000 of simplified life insurance online for both of your parents starting today. With no medical exam required.To learn more about life insurance for your parent, you can visit http://www.term-life-online.com/senior-n… – Here you can request a quote and apply online.I hope that helps! Best of luck to you and your family. Source(s): 18 years experience in the Insurance Industry.Source: http://www.term-life-online.com
1.31.2010
The question behind the question is…. Does insurable interest exist? Of course as there is blood relationship and establishing insurable interests would not be difficult at all.
1.31.2010
Not generally. Your concern for your parents is touching.
1.31.2010
YES, YOU CAN!!!First off, you are not a Child at 30! 'Their' child but, not considered a Child , according to the State.You' be their, Son or Daughter. Definately you can Insure your parents! Why would any Parent leave the burden of Funeral & Burial a financial burden of 'their' Child?
1.31.2010
Absolutely – you just have to have their permission and cooperation. But it's NOT going to be cheap, at their age. Source(s): agent, 21+ years
1.31.2010
Yes, you can. Talk to a knowledgeable agent. One that could help you decide if you need to cover more than just funeral and burial costs. Source(s): a knowledgeable financial professional866-356-2278
1.31.2010
No, not generally, unless…You are financially dependent upon them, or their death would have significant financial impact on your life and they give their permission.
1.31.2010
Yes, with their permission or if you have a contract showing they owe you money. Insurable interest is not scrutinized the same way among immediate family members. Talk to an independent agent. Source(s): http://www.councilfinancial.com