what happens when your mom has no life insurance and she is 90 years old?
Undecided Question
What happens when your mom has no life insurance and she is 90 years old?
my mom just told me she is 90 years old and has no life insurance she always said she had it. now she says she dont how do you get funeral home to bury her? she is in good health now?
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7 Responses
2.1.2010
See if the funeral home sells burial insurance. Many do- If she lives 2 years they pay full benefit- if not it is pro-rated. See if they can help you. My dad died with no life ins. Our family had to pay it all. And I was in the ins. business. He was to sick to buy life ins. from me. Source(s): 30 yr ins man
2.1.2010
If she's got $5,000 of assets (like she owns a house, or has a bank account, or owns a car), then the kids sell that after she passes, to use the money to pay for the funeral. OR, she can buy a prepaid funeral, now.If she has no assets, then the kids pony up to bury mom. Start saving now.It's too late to buy life insurance that costs less than it pays out.
2.1.2010
Getting funeral home is a marvelous idea Source(s): http://silvervegas.com/casino-games.asp
2.1.2010
Nothing "happens." If she's able, she may want to look into buying a prepaid funeral plan.
2.1.2010
Some insurance companies will issue policies as high as age 95. These policies are extremely expensive though.You're best bet is to contact an insurance broker. A good insurance broker will hunt around to find a compnay that will insure her.If you can't get insurance, the family will all simply have chip in or sell off her assets to cover the cost. Source(s): Insurance Broker.
2.1.2010
Save up the money. You may need a minimum of $6,000.
2.1.2010
You should take care of her and everything else.