BUYING LIFE INSURANCE TO COVER ELDERLY PARENTS
Life insurance - Wikipedia, the free encyclopedia
For example, if Joe buys a policy on his own life, he is both the owner and the insured. But if Jane, his wife, buys a policy on .
http://en.wikipedia.org/wiki/Life_insurance
Insurance policy - Wikipedia, the free encyclopedia
Incontestability - in the United States, life insurance contracts may not be contested by the insurer at any point .
http://en.wikipedia.org/wiki/Insurance_policy
26 USC § 7702 - Life insurance contract defined | LII / Legal ...
For purposes of this title, the term “life insurance contract” means any contract which is a life insurance contract under the applicable law, but only if such contract .
http://www.law.cornell.edu/uscode/text/26/7702
Understanding Your Insurance Contract
Jun 10, 2011 . Read on to take a look at the basic principles of insurance contracts and how they are put to use in daily life. Tutorial: Introduction To Insurance .
http://www.investopedia.com/articles/pf/06/insurancecontracts.asp
Health & Life Insurance Contracts | Health Insurance General Agent
Health Insurance Contracts. We offer contracts (many of them with advances) through Aetna, Avmed, Blue Cross Blue Shield, Cigna (including an advance in .
http://insurancegeneralagency.com/
Life Insurance Contract Provisions
Life insurance contract provisions are provisions life insurance policies must follow.
http://www.lifeinsurancewiz.com/LifeInsurance/LearningCenter/contracts.htm
Term Life Insurance (for healthy seniors)
Key features:
- Medical examination required, to prove that the insured is in good health
Investment Grade Life Insurance Contracts - YouTube
Jul 29, 2009 . http://www.mickelsonlife.com Investment Grade Life Insurance Contracts: David Mickelson talks about combining two financial products in a .
http://www.youtube.com/watch?v=HV72nAkUknk- Insured covered up to the age of 90 or 95 (depends on insurance company guidelines)
- Premiums increase towards the end of the Term
- Many seniors outlive the fixed term so look for a policy that can be converted to whole life insurance
- Consider purchasing Burial Insurance also, should the senior outlive the Term
Burial Insurance (for healthy seniors)
Key features:
- No medical examination required
- Insured person is covered for life
- Premiums are locked-in and do not change
- Moreover, cash value increases over time
- If the insured is healthy, then you receive full benefit the day after you pay your first premium
- Coverage cannot be canceled as long as you pay your premiums on time
- Proceeds can be used for burial costs and other end-of-life expenses
Graded Benefits Burial Insurance (for seniors with health problems)
Key features:
- No medical examination required
- Insured person is covered for life
- Premiums are locked-in and do not change
- Policy increases in cash value over time
- You typically only get partial coverage for the first two years, and the full insured amount only in the third year of the policy
- Insurance company cannot cancel coverage as long as you pay premiums on time
- Proceeds can be used for burial costs and other end-of-life expenses
Life Insurance - AXA Equitable
Life insurance contracts entered into before June 21, 1988 are generally " grandfathered" from this premium limit test. However, certain changes made to the .
http://www.axa-equitable.com/life-insurance/service/faq.cfm
