BUYING LIFE INSURANCE TO COVER ELDERLY PARENTS
Can a child open a life insurance policy for a parent? - Yahoo ...
Feb 25, 2012 . Over the years I have tried to convince my mother of the importance of life insurance to cover her final expenses and her outstanding debt.
http://answers.yahoo.com/question/index?qid=20120225070956AAukNw2
Life Insurance Policies for Parents
Jan 4, 2012 . In most cases, you can purchase life insurance policies for your parents. The most popular types of policies for parents are term life insurance, .
http://termlifeinsurancemales.com/types-of-life-insurance/life-insurance-policies-for-parents/
Taking out life insurance on your parents? | Finance and ...
Feb 3, 2007 . Recently my mom suggested to me that I take out a life insurance policy on her now for $50-100/month and then end up with $150-200K when .
http://forums.studentdoctor.net/showthread.php?t=366247
How do I take out a life insurance policy on my mother?
Askville Question: How do I take out a life insurance policy on my mother? . Relatives who qualify as insurable interests include spouses, parents, children, and .
http://askville.amazon.com/life-insurance-policy-mother/AnswerViewer.do?requestId=10490805
Where to Purchase Life Insurance for a Parent | eHow.com
Where to Purchase Life Insurance for a Parent. Life insurance can help pay for a burial, settle outstanding debts and possibly create an inheritance for one's .
http://www.ehow.com/how_4579562_purchase-life-insurance-parent.html
Term Life Insurance (for healthy seniors)
Key features:
- Medical examination required, to prove that the insured is in good health
Life Insurance For Parents | American National Insurance Company
Online Life Insurance for Single Moms, Single Parents and Couples with Children. Buy Online With No Medical Exam.
http://www.anicodirect.com/Life-Insurance-For-Parents/index.htm- 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
How To Take Out A Life Insurance Policy On A Parent ...
Sep 2, 2010 . How To Take Out A Life Insurance Policy On A Parent. Even if you're an adult, the death of a parent can represent a significant financial burden.
http://www.livestrong.com/article/212123-how-to-take-out-a-life-insurance-policy-on-a-parent/
