To get life insurance for your parents, start by asking them if it is OK to take out a policy on them, or for you to help them get a policy on themselves.
Then gather their information: height, weight, any medications they take, any health problems they have now or in the past. Call a broker who carries Senior Life Insurance and find your best price and type of policy. If for final expense purposes, you will need permanent insurance, or the policy could end before it is needed and then be impossible to get a new one.
Your parents will need to sign the application and possibly complete a phone interview. If getting a large policy over $50,000 they will probably need to take a free exam done in their home.
Once approved, either you or they can pay the premiums. Paying the first premium will put it into effect. And that takes care of it.
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Then gather their information: height, weight, any medications they take, any health problems they have now or in the past. Call a broker who carries Senior Life Insurance and find your best price and type of policy. If for final expense purposes, you will need permanent insurance, or the policy could end before it is needed and then be impossible to get a new one.
Your parents will need to sign the application and possibly complete a phone interview. If getting a large policy over $50,000 they will probably need to take a free exam done in their home.
Once approved, either you or they can pay the premiums. Paying the first premium will put it into effect. And that takes care of it.