by pwhiteonlexington » Wed Feb 25, 2009 04:43 am
My mother is 84 years old and in pretty good shape for her age. We have no insurance to help with home going services though, when she leaves us. We just want to be able to provide a decent resting place for her without hassle; but she won't make the arrangements..
Posted: Mon Apr 20, 2009 04:00 pm Post Subject:
First of all, I think that it's a really bad insurance decision to use a no-lapse UL for someone who isn't old.
How much cash will a 30 year old buying a GUL policy build? I can't believe that it's too much. For $250,000, I bet that the male rates are around $100/month.
However, my point, and I think that you agree, is that the 80 year old isn't going to build much/any cash value if they are minimally funding their policy.
We need to keep in mind that people read these boards without much insurance knowledge. Therefore, when you write that an 80 year old can't build cash value, they may take it at face value and believe that this is true until you later pointed out that you were specifically talking about a policy being minimally funded.
Posted: Tue Apr 21, 2009 06:34 am Post Subject:
as i know in pur country there is no one that offer to old people..no insurance company take risk because they know that person will die in few month ...other countries i do not know.because in our country retirement age is 65.
Posted: Thu Apr 23, 2009 06:18 pm Post Subject:
I agree with JacksonFinancial, but i would start saving money in an interest-bearing account to use for your grandmom for funeral arangments. I think this would make sense and cost the least if you are just wanting to have money for final expense costs, simple as that.
Posted: Fri Apr 24, 2009 11:44 am Post Subject:
My brother-in-law gave up a well paid skilled job to go to university. He got his degree and started applying for jobs. He went on benefits and kept applying for jobs that used his degree skills. That was 14 years ago and he hasn't worked since! For ten years he lived off his parents and got paid as their carer. During this time he also got several grants from the Benefits Agency to start his own business - which never got off the ground. For the last 4 years he has lived off his wealthy girlfriend. Should Lofty take the job - damn right he should.
Posted: Fri May 21, 2010 06:51 pm Post Subject: COVERING 84 YR OLD
Call me I can help (719)387-xxxx
Ken
Posted: Fri May 21, 2010 08:02 pm Post Subject:
This post is a year old dude...
Posted: Wed May 26, 2010 02:44 am Post Subject:
Haaa! Now that's working an old recycled lead if ever I saw it.
Posted: Tue Jan 15, 2013 04:13 pm Post Subject:
Please read this article [link removed per TOU]
Posted: Fri Jan 18, 2013 05:42 am Post Subject:
I am checking most of the insurance company but i am not found even one company who give new insurance to over 80 years
Posted: Fri Jan 18, 2013 04:35 pm Post Subject:
Colonial Penn is one, there are literally dozens of FINAL EXPENSE insurance companies that advertise all over TV and cable. AARP has a plan underwritten by NY Life. You have not done your homework very well. Just watch programs such as "The People's Court", "Jerry Springer", and anything on at 2:00 in the morning.
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