Can I Buy Life Insurance for My Elderly Parents?
Once our parents reach a certain age, life insurance is not affordable for many people.
There are companies that can provide life insurance for elderly parents and at reasonable rates. The key is purchasing a whole life policy and avoiding any form of term insurance for an older person.
If your parents are under age 85, there are small policies available that will help to cover their final expenses. The norm for most companies that do offer senior life is usually a cap of $25,000.00.
You may be surprised to learn how affordable it can be, depending on the health condition of your parents.
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