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I am starting a small residential and comercial cleaning business and will need dishonesty insurance.
Additional Details
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 Life Insurance Co. Recommendations? |
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| Can my 84 year old grandfather get life insurance, he has no medical condition. He doesn't own a home and obviously doesn't work. Is there any policy out there for him? How about my 74 year ... |
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Can someone tell me how my car insurance will be affected in this instance:
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 Are there any Auto Insurance companies that you don't have to pay upfront? |
Hi,
I was wondering if there are any auto insurance companies that you don't have to pay upfront. I am seeking car insurance because I had an accident this January and I was at fault. I am ... |
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cajunstock | I want to buy life insurance for my 83 yr. old mother. Is this possible and where do I look? |
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mbrcatz
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yes, you can buy it, but you're going to have to pay pretty darned close to the payout amount in premium. So, if you don't mind paying $8,000 for a $10,000 policy, if she's in good health, or $11,000 for a $10,000 policy (if she's not), then contact your local, independent agent and have them shop it out.
Some people do this for evasion of estate tax purposes. |
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Floyd M
 |
Yes, if your willing to pay an astronomical premium. Even then the policy would have severe restrictions.
Remember this: Insurance companies are not in the business to buy claims. |
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hightechchic
 |
As a general rule, yes, it's technically possible (assuming she's in relatively good health.)
I take it that you're probably going to be interested in a small policy to cover final expenses? (Because honestly, the prices of anything else, even if you could find it, would be outrageous.)
I do know companies that write level, graded and modified whole life policies for $5-25k for people up to age 85 (the types vary by state availablity and health conditions.) If you can tell us what state you live in, we might be able to make more specific suggestions.
If she's not in good health, your best bet is one of those "guaranteed issue" policies. They can't turn her down, or single her out for rate increases (though you will likely see steady increases on a regular basis as they raise rates for everyone in her rating class.) |
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Reenie
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Yes, it's possible, but will probably be expensive. You could try this site for helpful information about life insurance. Good luck! http://insurance.divinfo.com/ |
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Quixotic
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A friend of mine just got a quote for his 80-year old father. $200/month. Not worth it, he's better off banking the $200/month. |
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notfromaround_here
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My husband and I work for a company called American Republic Insurance- and we have insurance that would work for her. It is a high premium, but it is clearly less than final expenses! I do not know where you are located, but would be glad to discuss the possibilities with you, although he is licensed in OK only, we may be able to refer you to someone.
Susan |
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moneybagsgrl
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Yes, if she is in good health. You will end up paying a VERY high premium though. Instead of getting a life insurance policy on her, figure out what you are willing/can pay for one and put it in an interest bearing account:) |
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abby
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Yes, you can get her insurance but as already stated it will cost you big and she would have to live another two years to collect full benefits on most policy's. There is an alternative. If you are looking to set aside monies for her final expenses, check with a funeral director on what is called a burial fund, this may vary by name state to state. If your mother is on medicaid and/or in a nursing home, you will want an irrevocable burial fund so it is not considered an asset. It can be started with as little as $500.00, if you don't have that much, the money can be put in an interest bearing account til then, it will continue adding interest once the account is established. The fund is really just money set aside for when the time comes to pay her final expenses and you can add any monetary amounts to it, at any time. It also allows you to make decisions ahead of time on burial or cremation and where to bury, visitations or memorials, etc. It's much easier to make these choices now, with her input, than later to wonder what she would have wanted or to try and make these decisions under grief. The funeral home can also take care of all the paper work when the time comes. Good Luck |
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