what happens when your mom has no life insurance and she is 90 years old?
filed in finance on Feb.01, 2010
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?











February 1st, 2010 on 1:08 am
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
February 1st, 2010 on 1:08 am
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.
February 1st, 2010 on 1:08 am
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February 1st, 2010 on 1:08 am
Nothing "happens." If she's able, she may want to look into buying a prepaid funeral plan.
February 1st, 2010 on 1:08 am
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.
February 1st, 2010 on 1:08 am
Save up the money. You may need a minimum of $6,000.
February 1st, 2010 on 1:08 am
You should take care of her and everything else.