I need insurance for a 84 Year Old?

by cmpprolion » Sun Apr 12, 2009 01:34 pm

My problem is that my 84 year old father, built a awesome house for his wife and daughter , Unfortunetly before the house was finished my mom had a stroke and my sister had a brain anurisim. They both passed and dad was left alone. So I convinced my husband and children to move in with him. Now I have found out that dad cashed in any policy he had and used them in building the house to cut down on the cost. Now I would like to see how much life insurance I can get on him to help us in his end to pay off this house and his funeral. Please I need some sugestion and some quotes. Obviously I cant give you our home phone number because he loves to answer the phone and talk to anyone that calls. If you can give me a quote on a email I would more than appreciate it. PLEASR I would love to keep the house dad built but if he passes we are all scewed. He is 84 his birthday is 10-14-24 the balance is 200.000.00 Please help us. I am well aware that the insurance would be EXTREMELY expensive but I have NO choice but to try. He is in exremely GREAT shape. He still workd and drives.

Total Comments: 18

Posted: Wed May 13, 2009 08:45 pm Post Subject:

sorry maam, no one will give insurance to 84year old person. I know there is insurable interest but age matters. For 50 year old premium is more than 20k(re), i guess paying that much premuim every month or year would be a big burden



Why do people make up answers?

Posted: Thu May 14, 2009 03:20 am Post Subject: insurance

I work with the Elderly. A few of my 'Clients' are in 'great' health at their age. However......I tried calling about getting more Insurance for a 'Client'. As soon as Insurance companies hear his age ( 76 years old), they say it's almost impossible to get Health Insurance for them (paraphrasing, of course). Even if you COULD get Insurance, it would probably be VERY expensive and difficult to pay each month.....usually by the age of 80's, people are on a fixed income.

Posted: Thu May 14, 2009 07:21 am Post Subject:

For 50 year old premium is more than 20k(re), i guess paying that much premuim every month or year would be a big burden



Yeah, well that's new to me.

For what amount of coverage one is required to pay $20k premium? :?

Posted: Thu May 14, 2009 10:00 am Post Subject:

I work with the Elderly. A few of my 'Clients' are in 'great' health at their age. However......I tried calling about getting more Insurance for a 'Client'. As soon as Insurance companies hear his age ( 76 years old), they say it's almost impossible to get Health Insurance for them (paraphrasing, of course). Even if you COULD get Insurance, it would probably be VERY expensive and difficult to pay each month.....usually by the age of 80's, people are on a fixed income.



We're talking about life insurance and not health insurance. It's not meant for a poor 84 year old. "Expensive" is a relative term.

Posted: Wed May 20, 2009 08:02 pm Post Subject:

Why not sell your current house and use the $$$ to move into the newer house? Or take out a 2nd mortgage and pay off the $200k. If you have an 84 yr old father, chances are your current house is paid for or SHOULD be.

Posted: Thu Jun 04, 2009 11:16 pm Post Subject: LIFE INSURANCE FOR A 84 YEAR OLD

For an 84 year old, the only amount you probably can take out for a person his age is $10,000 to no more than $20,000. I think he is too old for Mortgage Protection. This is where the mortgage is paid off if he dies. You definitely need to contact the mortgage company; they may have a solution.

Posted: Fri Jun 05, 2009 01:40 am Post Subject:

For an 84 year old, the only amount you probably can take out for a person his age is $10,000 to no more than $20,000. I think he is too old for Mortgage Protection. This is where the mortgage is paid off if he dies. You definitely need to contact the mortgage company; they may have a solution.



I know that you mean well, but it's not helpful to make up answers. There are many companies that will sell fairly large policies to 84 year olds.

Posted: Fri May 24, 2013 07:34 pm Post Subject: Life Insurance for Seniors over 80

If you are looking for a small policy for seniors over 80, please call me at [link deleted per TOU]. I work with many insurance companies. I am specialist in senior life insurance up to 89 years old.

[link deleted per TOU]

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