Their age, health history and current medical condition will be determining factors on which life insurance companies you should review. There are life insurance companies that are excellent at underwriting impairments, underwriting geriatrics age 80 plus, specializing in smokers and underwriting very healthy people.
You can go to a website or talk to an agent who specializes in Final Expense Life Insurance to get Life Insurance for your 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.
If you are looking for larger policies for your parents, an exam will be required and some companies now ask cognitive questions of seniors applying for large face amounts. Ironically, the more extensive the underwriting requirements, the better the price for that policy may be. Again, seek a website or call an agent that offers Senior life insurance to be sure you are getting the best price, as prices vary widely for this age group.
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If you are looking for larger policies for your parents, an exam will be required and some companies now ask cognitive questions of seniors applying for large face amounts. Ironically, the more extensive the underwriting requirements, the better the price for that policy may be. Again, seek a website or call an agent that offers Senior life insurance to be sure you are getting the best price, as prices vary widely for this age group.