The best way to get the best cost/rates is to talk to an agent who specializes in Final Expense Life Insurance (Mintco Financial 813-964-7100)to get Life Insurance for parents.
Many parents are not keen on taking an exam, and Final Expense policies usually have minimal underwriting requirements. They also allow for some of the common maladies of older age such as hypertension, type 2 diabetes, and arthritis.
Finally, these type of policies are usually Whole Life and come in smaller face amounts, making them ideal for funeral related costs.
A death brings a lot of emotional turmoil as well as a lot of monetary woes.
The expenses of a funeral alone has an average cost of around $7,000. This is an immediate expense that typically needs to be taken care of within a week or so. Beyond that, many elder parents leave behind debts such as credit card balances, loans, a mortgage, as well as those final bills. If you or your elderly parents do not have cash saved to take care of these things, then it is prudent to make sure that there is some type of life insurance coverage in place to take care of these expenses.
How Much Does It Cost for an Elderly Person to Obtain Life Insurance?
Because every situation is different there is no clear answer on that until you obtain a personalized rate quote. There are plenty of companies that are friendly to seniors and the elderly when it comes to life insurance coverage, and this includes seniors with health issues. The price of a policy is dependent on several variables such as the age, the policy amount, health history, and prescription use. If you are thinking about obtaining life insurance coverage for your older parent, or if you are searching for coverage on yourself, then the first thing you should do is compare rates from several companies. This will ensure that you get the lowest rates because every carrier has their own unique criteria.
Call us today and get your policy delivered to you within a matter of days:
Or apply online:
Compare rates Now! Get a free quote Call Mintco Financial for a free quote: Affordable life insurance for seniors 813-964-7100