Where can I find affordable life insurance for sr citizen in-laws?
Where can I find affordable life insurance for sr citizen in-laws?
I read a previous thread suggesting MediCare, but I am not talking about HEALTH insurance. They only have term life insurance tied to current job, and they need to retire. They have no burial policy, and each is worried about leaving the other with burial expenses and debts. I have seen a few ads online, but when you get to the fine print, they seem mostly like scams. They probably wouldn't get a very good rating if a health exam were required. Probably $15 -$25K max would be the amount needed. They live in Texas if that matters.
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3 Responses
1.31.2010
I just went through the same thing with my brother. He had recently been diagnosed with cancer. I posted here and got some great responses. The company that helped us was located at http://www.lvhealthins.com Because of my brother's condition there is a two year waiting period before full benefit will be payable but it is with a great company and the people there at Insurance advisors were great to work with. They listened to our problem and were also able to help me with Health Insurance. It works out well that you are from Texas. They are based in Texas and Nevada. Good Luck Source(s): http://www.lvhealthins.com
1.31.2010
when it comes to insurance, sadly, it is often difficult to tell the difference between the reputiable companies and the scams. That being said, there are a couple of issues. Firstly, how's thier health? if they are both in good health, of similar ages, they could save on premiums by purchasing a joint universal life policy which pays out on one of the two lives.A "joint last to die policy" sounds like something that would solve this problem. A JLTD pays out on the second death, Is there enough funds available to pay for the first funeral, leaving the policy to pay for the second??? if so, this may be an preferred option. If the first funeral expense is a problem, a Joint First to Die Might work, but the premiums are more expensive.
1.31.2010
American General (AIG) Has the most competitive senior rates