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What Happens When Your Mom Has No Life Insurance And She Is 90 Years Old?

Funeral Insurance, Term Insurance and Burial Insurance

What Happens When Your Mom Has No Life Insurance And She Is 90 Years Old?

Postby Allister » Sat Sep 16, 2017 9:18 am

Some insurance companies will issue policies as high as age 95.
These policies are extremely expensive though.

You're best bet is to contact an insurance broker.
A good insurance broker will hunt around to find a compnay that will insure her.

If you can't get insurance, the family will all simply have chip in or sell off her assets to cover the cost.
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What Happens When Your Mom Has No Life Insurance And She Is 90 Years Old?

Postby Achida » Sat Sep 16, 2017 5:45 pm

You should take care of her and everything else.
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What Happens When Your Mom Has No Life Insurance And She Is 90 Years Old?

Postby Bek » Mon Sep 18, 2017 7:59 pm

Nothing "happens." If she's able, she may want to look into buying a prepaid funeral plan.
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What Happens When Your Mom Has No Life Insurance And She Is 90 Years Old?

Postby Waed » Tue Sep 19, 2017 3:30 am

See if the funeral home sells burial insurance. Many do- If she lives 2 years they pay full benefit- if not it is pro-rated. See if they can help you. My dad died with no life ins. Our family had to pay it all. And I was in the ins. business. He was to sick to buy life ins. from me.
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What Happens When Your Mom Has No Life Insurance And She Is 90 Years Old?

Postby Lee » Fri Sep 22, 2017 5:16 am

Getting funeral home is a marvelous idea
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What Happens When Your Mom Has No Life Insurance And She Is 90 Years Old?

Postby Ashwin » Fri Sep 22, 2017 8:32 pm

Compare quotes from the best companies at - INSUREGRADE.INFO- RE What life insurance is best for a senior 62 female, on a fixed income, AARP or Landmark Life? asap? My mom and I are ingnorant to the premiums and the small print on determining the rates. Need an honest opinion from a good christian person. Just need help in determining which is better AARP or Landmark Life? I see two very charts that have us concern if we made the right choice with the one paying more to get less...over a ten yr period. Thank you for taking time to respond
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What Happens When Your Mom Has No Life Insurance And She Is 90 Years Old?

Postby Ordland » Wed Sep 27, 2017 4:17 am

If she's got $5,000 of assets (like she owns a house, or has a bank account, or owns a car), then the kids sell that after she passes, to use the money to pay for the funeral.
OR, she can buy a prepaid funeral, now.

If she has no assets, then the kids pony up to bury mom.
Start saving now.

It's too late to buy life insurance that costs less than it pays out.
Ordland
 
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What Happens When Your Mom Has No Life Insurance And She Is 90 Years Old?

Postby forgael » Sat Oct 07, 2017 8:52 am

Save up the money.
You may need a minimum of $6,000.
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