im looking for life insurance for age 80 and older

by shavonnet » Fri Jul 17, 2009 10:05 pm

i need some life insurance for my salf

Total Comments: 2

Posted: Sat Jul 18, 2009 07:18 am Post Subject:

Hi Shavonnet,

Have you talked to any life agent about it?

The following link would take you to a discussion on similar topic. Check if it helps you too.

http://www.ampminsure.org/life/reasonable-premium-policy.html

~ Jeremy

Posted: Sat Jul 18, 2009 01:55 pm Post Subject:

Option 1:

Client put money into a CD paying 5% for the next 6 years.

In 6 years account value will be $268,019. heirs will receive $268,019 - (68,019 * .33) = $245,562

Option 2:
From other posts:


By a single premium Life policy for 200k.

This will buy her a 265k paid up policy.

Appon dealth heirs will receive $265k

Option 3:

Buy a SPIA with a life time payout option generating $28,824 a year for life with a 100% exclusion ratio. this will generate (after tax)

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