 Which are the major player in Insurance sector in India? |
| There are so many Insurance companies in India. Which do you think are best in India.... |
|
 How come american family insurance just gave me a quote on my car insurance half of what i pay now? |
| so right now i have Farmers. How can american family insurance charge me more than half of what i am paying now? Is there a scam? and they told me that i can call my agent from Farmers and drop them ... |
|
 Will my stepson's baby be covered under my husband's health insurance? |
| my stepson and his ex gf are expecting a baby in about 7 months. he is 17.5 years old and a junior in hs. although he will be 18 when the baby is born will it be covered under my husband's ... |
|
 Does anyone know of an insurance company that won't discriminate against people with multiple sclerosis? |
Husband and sister-in-law both have M.S. and we are having great difficulty finding company that will give us a decent proposal.
Ones we tried so far, premiums too high and final payment not ... |
|
 For those who have no medical insurance? |
| what do you do when you need prescriptions? We don't have medical insurance right now due to my husband switching jobs, and he needs blood pressure medicine that runs over $100. I called his dr ... |
|
 Health Insurance? |
| My mom had her gallbladder taken out few months ago and now she got the bill and her health insurance will not pick any of it up and she owes the hospital five thousand dollars. What is the best ... |
|
 How do i prepare for my death? |
| i have some baseball cards and a car and two cats that i want to make sure someone special gets after my death, who do i contact? also, how do i buy a grave site and who gets to pay my $3500 in ... |
|
 Can an insurance company withold a no claims certificate when you still owe them money? |
| I have a dispute with an insurance company, I have now got a new insurance company but still owe money to my old insurance company. My new Insurance Co. want proof of my NCD but my old Insurance Co ... |
|
 Dog insurance? |
What is the best dog insurance to have these days.
My older dog has always been with petplan.
I now have an 11 week old puppy & she will cost more per month than my 7 year old.
The ... |
|
 If I sue someone whose dog bit me and win, will I receive compensation, or can they bankrupt? |
| The medical bills just keep growing, and I need to be reimbursed. If he doesn't have homeowners, and I sue him personally, will he be able to bankrupt and skip out? He has a house that is worth ... |
|
 Will my home owner's insurance pay for damage to a friend's car cause by a tree falling in my driveway? |
| the friend's car was parked in my driveway when a storm blew a tree (mine) over causing damage to the ... |
|
 OH MY GOD. i neeed help NOW. fast. please help me.? |
| dont ask, my friend and i went around her neiborhood to these apartment buildings, and we went to our friend's house and we wanted to show her this raw meat we had, and she wasnt home so we put ... |
|
 Does anyone know a good life insurance policy? |
| I have been shopping around for life insurance that will not cost crazy premiums, anyone have good experiences. I am in my 30's and in good health.... |
|
 Is a chiropractor allowed to charge more to an insurance company than they do to a client directly? |
| I have a limit to how much insurance I have per year and my chiropractor seems to charge considerably more if the insurance company is paying then to me directly. Is this legal?... |
|
 Is it true that once I turn 22 I will be dropped from my father's insurance even if I am still a student...? |
in college? Can I pay a certain amount a month to still be on his plan?
We have Blue Cross but I am not sure if that makes a difference.... |
|
|  |
lesliesguy | What type of life insurance should I be looking at for my 64 year old mother? |
She is in fairly good health, doesnt smoke or have much of a medical history |
 |
 
mbrcatz
 |
Probably her savings account - which, at 64, should hopefully be enough to cover a burial. At her age, you'd pay so much for the premium, it would only be a year or two before you'd have enough out of pocket already to cover a burial anyway. And she probably has no minor children. |
|
Faye H
|
About the only insurance a 64 year old needs would be burial insurance or some sort of life policy in an amount that would cover funeral expenses.
At her age, she is not likely to still have dependents so what is the purpose of life insurance? Normally you buy life insurance so that if you die, your spouse and children will have that money to replace your income that you are no longer earning. At age 64, she is either retired or close to it, and unless she was still having children in her late 40's, she shouldn't have minor children running around.
So, the first thing you need to ask yourself is what is your purpose for this policy?
Web link below that explains the difference between Whole Life and Term. Also, check AARP's website.
Whatever you do, be careful. I see those adds on TV that advertise life insurance for elderly people that only costs $20.00 per unit. Problem is, they don't tell you what a unit is. If a unit is $1,000. worth of coverage, you'll be paying $200 a month for a $10,000 policy. In any case, it's going be fairly expensive to insure a 64 year old. You might consider just putting the monthly premium into a savings account and saving up for funeral expenses. |
|
James C
|
A 20 year term life policy would be the best and most affordable. Very unintrusive as well. The insurance carrier will come to your house and take some blood to test just to make sure she does not have AIDS and is'nt lying about not smoking. |
|
ebuythismobile1
 |
some good insurances |
|
Maggy G
|
Term life insurance will do just fine. You can comparison-shop at the website below to make sure you're getting the best deal |
|
Financial JUSTICE
|
a 15 or 20 year term is good. During that time, you should save money up in case she outlives the term. |
|
vinson6316
|
if she has no liabilities and you are able to fund her final expenses, i would advise you to not get any insurance...
the basis of insurance is to pool small amounts of money so as to have access to a large amount should the need arises when the "insured event" occurs.
if there is no need for the large amount, i.e. amount is affordable, event will not occur, then there is no need for that particular insurance, it is not cheap to insure at the age of 64 for a reasonable sum and the premiums paid might end up being more than the returns.
an alternative would be to engage in a regular savings investment plan and reap returns instead of paying for insurance, that is IF there is no need for the insurance, i.e. sufficient funds |
|
sophieb
|
medicaid and medigap, and some kind of dental and glasses insurance, as well as for perscriptions. After a certain age everything hits at once. Some people also look into some kind of catastrophic insurance. Be sure she has a living will and a will and one for power of attorney, at the very least. Once she retires she may not have much money so be sure to get the best policy for the least amount. |
|
Brandon M
|
Depending on your financial situation, there are many available options. However, if you are looking at keeping premiums at a minimum, there are products designed for seniors.
A word to this wise when searching... don't forfeit security for a few dollars. Go with a solid, financially stable company that has a proven track record.
The company I work for offer a product tailored to seniors. The face amount of the policy is $!0k .... has a very short application and the premiums are relatively cheap in comparison to other products that you may compare against. This policy is called a "Final Expense".
Check with your local State Farm agent for additional details on the policy, benefits and premiums. They have a wealth of knowledge to share. Also, there are a few other plans that may be more lucrative in the way of investing and death benefit depending again on your financial situation.
Good luck! |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
9 | 6 minutes(s) ago
| | | |
9 | 26 minutes(s) ago
| | | |
9 | 2 hour(s) ago
| | | |
9 | 6 hour(s) ago
| | | |
8 | 7 hour(s) ago
| | | |
9 | 9 hour(s) ago
| | | |
9 | 11 hour(s) ago
| | | |
8 | 1 day(s) ago
| | | |
9 | 5 day(s) ago
| | | |
9 | 1 week(s) ago
| |
|
Homepage 
Financial
Forum 
Insurance 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
