Not going to happen. Most companies stop writing coverage at about age 84 or 85. You might find one or two companies willing to write up to $25,000 to age 90, but the premium will probably be so high that you would think twice about paying it. Additionally, these policies tend not to pay 100% of the death benefit until Policy Year 3. Death in the first two years of the policy would result in a payment of 1/2 the benefit or less.
Posted: Fri Jun 21, 2013 04:47 pm Post Subject:
Not going to happen. Most companies stop writing coverage at about age 84 or 85. You might find one or two companies willing to write up to $25,000 to age 90, but the premium will probably be so high that you would think twice about paying it. Additionally, these policies tend not to pay 100% of the death benefit until Policy Year 3. Death in the first two years of the policy would result in a payment of 1/2 the benefit or less.
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