Agent Owner, Gilmore Insurance Services, Marysville, Washington State
Can old people buy life insurance? Define OLD? ;) Yes, there are insurance solutions for people over 60, 70 or even 80 and beyond if they are in good health and have the finances to pay premiums. What usually happens for those older folks is the realization that insurance of any type is no longer cheap. They must temper their need with what they can actually afford to maintain.
Yes, people who are between 50 and 85 can buy life insurance. There are many good affordable Final Expense plans available with limited or even no health questions. A good independent agent who specializes in the needs of seniors can help you find an affordable plan that meets your needs.
President, The Firm of Steven H. Kobrin, LUTCF, 6-05 Saddle River Rd #103, Fair Lawn, NJ 07410
Yes, indeed. There is really good news for “old people” who need life insurance.
First of all, many carriers will issue polices to people as old as 90.
Second of all, a number of them super-specialize in underwriting older people. This means that the premium could be much lower than you anticipate.
Third of all, a number of creative ways are available to fund the premium. You may not have to pay dollar for dollar out of your pocket.
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First of all, many carriers will issue polices to people as old as 90.
Second of all, a number of them super-specialize in underwriting older people. This means that the premium could be much lower than you anticipate.
Third of all, a number of creative ways are available to fund the premium. You may not have to pay dollar for dollar out of your pocket.
Go for it!