Most life insurance companies won't agree to insure a 86 year old. The upper limit is usually set at 85 for whole life and universal life policies. Index Universal life and term life policies have an upper limit of 90 years though. There is significant risk involved for the insurance company and they might decline your application. You might have a chance of getting a term life policy at an exorbitant premium rate though.
Posted: Fri Mar 23, 2012 01:45 pm Post Subject:
Not really, you may find a accident policy if they die in a accident.
Also there are a few limited pay policies, they over the first 3 to 5 years only pay you back the premium and then the face amount after that.
Posted: Mon Mar 26, 2012 06:15 am Post Subject:
hi,
You Don't get insurance for this aged person, because the chance of getting risk is more for this much aged person.
Posted: Thu Mar 29, 2012 02:19 pm Post Subject:
Illiterate response.
Accidental death benefits are not life insurance. Life insurance may be available beyond age 84, but not in the standard market. Talk to a local agent to find out.
Posted: Mon Apr 02, 2012 10:32 am Post Subject:
This may be extremely hard to find. You're better off with final expenses insurance instead of looking for term life, whole life or other permanent life instruments. Be prepared to pay exorbitantly for all types of policies though. However, you could look up a life insurance aggregator website like [Link removed as per TOU] for someone that old may be hard but not impossible to find from a larger pool of carriers.
Denise Mancini
Disclaimer: I work for AccuQuote and this is my personal opinion.
Posted: Tue Apr 03, 2012 03:59 pm Post Subject:
You're better off with final expenses insurance instead of looking for term life, whole life or other permanent life instruments.
Please explain what final expense insurance is if it's not TERM, WHOLE LIFE, or OTHER PERMANENT LIFE instruments? What else is there?
Does working for Accuquote mean you are a paid employee or a commissioned agent? Do you even have a life agent's license?[/quote]
Posted: Wed Jan 25, 2012 03:39 pm Post Subject:
Most life insurance companies won't agree to insure a 86 year old. The upper limit is usually set at 85 for whole life and universal life policies. Index Universal life and term life policies have an upper limit of 90 years though. There is significant risk involved for the insurance company and they might decline your application. You might have a chance of getting a term life policy at an exorbitant premium rate though.
Posted: Fri Mar 23, 2012 01:45 pm Post Subject:
Not really, you may find a accident policy if they die in a accident.
Also there are a few limited pay policies, they over the first 3 to 5 years only pay you back the premium and then the face amount after that.
Posted: Mon Mar 26, 2012 06:15 am Post Subject:
hi,
You Don't get insurance for this aged person, because the chance of getting risk is more for this much aged person.
Posted: Thu Mar 29, 2012 02:19 pm Post Subject:
Illiterate response.
Accidental death benefits are not life insurance. Life insurance may be available beyond age 84, but not in the standard market. Talk to a local agent to find out.
Posted: Mon Apr 02, 2012 10:32 am Post Subject:
This may be extremely hard to find. You're better off with final expenses insurance instead of looking for term life, whole life or other permanent life instruments. Be prepared to pay exorbitantly for all types of policies though. However, you could look up a life insurance aggregator website like [Link removed as per TOU] for someone that old may be hard but not impossible to find from a larger pool of carriers.
Denise Mancini
Disclaimer: I work for AccuQuote and this is my personal opinion.
Posted: Tue Apr 03, 2012 03:59 pm Post Subject:
You're better off with final expenses insurance instead of looking for term life, whole life or other permanent life instruments.
Please explain what final expense insurance is if it's not TERM, WHOLE LIFE, or OTHER PERMANENT LIFE instruments? What else is there?
Does working for Accuquote mean you are a paid employee or a commissioned agent? Do you even have a life agent's license?[/quote]
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