by yeamin » Mon Oct 20, 2014 04:03 am
Life Insurance for Seniors Over 90, Best Rates Here: Doing a little research you can find enough reasons to buy a life insurance for seniors over 90. The seniors over 90 are close to expiry and they don’t want to pressure their family for arranging the memorial after death. It is always recommended to arrange everything before loss of life, so that the families don’t need to worry regarding the costs.
Posted: Sat Nov 01, 2014 12:24 pm Post Subject:
Just because they are retired and up in the years, it doesn't mean they can't get affordable life insurance coverage. You can find life insurance for seniors, the cost will be high as they are likely not supposed to live more.
Posted: Sat Nov 01, 2014 04:10 pm Post Subject:
Just because they are retired and up in the years, it doesn't mean they can't get affordable life insurance coverage.
What exactly is your definition of "affordable" for persons who are "up in the years"? And just how much life insurance do you think a person age 84 can get?I recently testified in an insurance case where the husband was 69 and wife was 62 when they were sold a $2 million variable universal life insurance policy with a "planned" premium of $2500 PER MONTH. They are now 83 and 76, and because there were some years they did not pay premiums (because their agent told them they didn't have to pay premiums if they didn't want to), they are facing annual premiums of close to $50,000 (after putting the $250,000 from their settlement back into the policy) just to keep the policy alive for 10 more years.
How's that for affordable?
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