I need to get a policy for my 86 year old mother for reasonable premium.
Total Comments: 144
Posted: Sat Jul 18, 2009 01:52 pm Post Subject:
I dont think it makes sense to buy a policy at age of 86. The money you pay in premiums would not be worth the returns. I would start looking at other direction and invest the money somewhere and bucktise it in different way rather than paying premiums
Posted: Sat Jul 18, 2009 03:42 pm Post Subject:
Orignal Poster wrote:
I need to get a policy for my 86 year old mother for reasonable premium.
Okay, I'm parachuting back into this thread because at some point the "intellectual discussion" has to end.
The bottom line is there are only two core emotions that motivate anyone into buying life insurance.
NEEDandGREED
Now why does OP want life insurance on his/her/its 86 year old mother?
Is OP going to suffer financial collapse if Mom dies? Probably not. Need to pay for the funeral? $6,000 isn't really much of an expense, Certainly Mom has some money or a home.
So what's the "other" reason.....well if you're 86 years old....you’re already at life expectancy.
I find OP’s post to from the GREED side of the only “other” reason anyone EVER buys life insurance.
All that being said, for apathetic men who may read this thread…..
There isn’t a more sincere love letter a man could write to his wife/woman/girlfriend/lover than a life insurance policy that names her as the primary beneficiary.
How many threads have been posted here about how Pops died and named girlfriend beneficiary and EX wife wants to know how to get her hands on that money?
Think about it.
Men, if you don’t give a damn about your wife/woman/girlfriend/lover’s financial well being after you’re dead and gone you must not really care that much about her in this life.
My 25 cents worth.
Edit: I "made" 41 cents for posting that literary masterpiece!
Posted: Wed Aug 05, 2009 04:29 pm Post Subject: Get the man some help
You don't know the reasons for the desire to purchase the life insuarance. All of your "think-you-know-it-all" arguments do not do anything to help the person seeking the insurance. You assume there is a home. Perhaps there is not a home or money lying around. Everyone understands that the premium on an 86 yr. old will be high. Duh! The question from the man is where can he find the insurance for someone this age. If you don't know the answer, don't respond!
Posted: Wed Aug 05, 2009 09:13 pm Post Subject:
You don't know the reasons for the desire to purchase the life insuarance. All of your "think-you-know-it-all" arguments do not do anything to help the person seeking the insurance. You assume there is a home. Perhaps there is not a home or money lying around. Everyone understands that the premium on an 86 yr. old will be high. Duh! The question from the man is where can he find the insurance for someone this age. If you don't know the answer, don't respond!
Why are you assuming that everyone understands that the premium on an 86 year old will be high? It's all relative. The question wasn't who will insure an 86 year old. The question was who will insure him for a reasonable premium. "Reasonable" can only be defined in relationship to the alternatives. Stick around and maybe you'll learn a thing or two.
Posted: Wed Aug 05, 2009 10:17 pm Post Subject:
Stick around and maybe you'll learn a thing or two.
:shock: oh burn..
Posted: Thu Aug 06, 2009 05:16 am Post Subject:
Genworth issued a policy on an 84 year old for me.
Posted: Sat Sep 12, 2009 09:17 am Post Subject: life insurance for 86 year old mom
just for your info, I am not greedy nor am i looking forward to my mom leaving this earth but I know one day it will come. She is not a home owner nor am I. She just recently started having problems with her memory and I am just finding out that she has lost her policy. So, I hate to inform you that I have no motive behind checking to see if insurance is avail. for her. Have a blessed day and I pray that you are never faced with this same question.
Posted: Sat Sep 12, 2009 06:39 pm Post Subject:
Pocketchange, you do have a motive. Nothing is wrong with having a motive. We all have a motive for virtually everything that we do.
Posted: Tue Sep 15, 2009 01:41 am Post Subject: your all missing the point
2500 per year would still be reasonable for an 86 year old. 10 years on $25,000 is break even. the right policy would endow and you would be done paying it too.
Posted: Tue Sep 15, 2009 01:41 am Post Subject: your all missing the point
2500 per year would still be reasonable for an 86 year old. 10 years on $25,000 is break even. the right policy would endow and you would be done paying it too.
Posted: Sat Jul 18, 2009 01:52 pm Post Subject:
I dont think it makes sense to buy a policy at age of 86. The money you pay in premiums would not be worth the returns. I would start looking at other direction and invest the money somewhere and bucktise it in different way rather than paying premiums
Posted: Sat Jul 18, 2009 03:42 pm Post Subject:
Orignal Poster wrote:
I need to get a policy for my 86 year old mother for reasonable premium.
Okay, I'm parachuting back into this thread because at some point the "intellectual discussion" has to end.
The bottom line is there are only two core emotions that motivate anyone into buying life insurance.
NEED and GREED
Now why does OP want life insurance on his/her/its 86 year old mother?
Is OP going to suffer financial collapse if Mom dies? Probably not. Need to pay for the funeral? $6,000 isn't really much of an expense, Certainly Mom has some money or a home.
So what's the "other" reason.....well if you're 86 years old....you’re already at life expectancy.
I find OP’s post to from the GREED side of the only “other” reason anyone EVER buys life insurance.
All that being said, for apathetic men who may read this thread…..
There isn’t a more sincere love letter a man could write to his wife/woman/girlfriend/lover than a life insurance policy that names her as the primary beneficiary.
How many threads have been posted here about how Pops died and named girlfriend beneficiary and EX wife wants to know how to get her hands on that money?
Think about it.
Men, if you don’t give a damn about your wife/woman/girlfriend/lover’s financial well being after you’re dead and gone you must not really care that much about her in this life.
My 25 cents worth.
Edit: I "made" 41 cents for posting that literary masterpiece!
Posted: Wed Aug 05, 2009 04:29 pm Post Subject: Get the man some help
You don't know the reasons for the desire to purchase the life insuarance. All of your "think-you-know-it-all" arguments do not do anything to help the person seeking the insurance. You assume there is a home. Perhaps there is not a home or money lying around. Everyone understands that the premium on an 86 yr. old will be high. Duh! The question from the man is where can he find the insurance for someone this age. If you don't know the answer, don't respond!
Posted: Wed Aug 05, 2009 09:13 pm Post Subject:
You don't know the reasons for the desire to purchase the life insuarance. All of your "think-you-know-it-all" arguments do not do anything to help the person seeking the insurance. You assume there is a home. Perhaps there is not a home or money lying around. Everyone understands that the premium on an 86 yr. old will be high. Duh! The question from the man is where can he find the insurance for someone this age. If you don't know the answer, don't respond!
Why are you assuming that everyone understands that the premium on an 86 year old will be high? It's all relative. The question wasn't who will insure an 86 year old. The question was who will insure him for a reasonable premium. "Reasonable" can only be defined in relationship to the alternatives. Stick around and maybe you'll learn a thing or two.
Posted: Wed Aug 05, 2009 10:17 pm Post Subject:
Stick around and maybe you'll learn a thing or two.
:shock: oh burn..Posted: Thu Aug 06, 2009 05:16 am Post Subject:
Genworth issued a policy on an 84 year old for me.
Posted: Sat Sep 12, 2009 09:17 am Post Subject: life insurance for 86 year old mom
just for your info, I am not greedy nor am i looking forward to my mom leaving this earth but I know one day it will come. She is not a home owner nor am I. She just recently started having problems with her memory and I am just finding out that she has lost her policy. So, I hate to inform you that I have no motive behind checking to see if insurance is avail. for her. Have a blessed day and I pray that you are never faced with this same question.
Posted: Sat Sep 12, 2009 06:39 pm Post Subject:
Pocketchange, you do have a motive. Nothing is wrong with having a motive. We all have a motive for virtually everything that we do.
Posted: Tue Sep 15, 2009 01:41 am Post Subject: your all missing the point
2500 per year would still be reasonable for an 86 year old. 10 years on $25,000 is break even. the right policy would endow and you would be done paying it too.
Posted: Tue Sep 15, 2009 01:41 am Post Subject: your all missing the point
2500 per year would still be reasonable for an 86 year old. 10 years on $25,000 is break even. the right policy would endow and you would be done paying it too.
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