Insurance Forum

[csyjnapapa]

Anyone have a company that will cover 88 year old for final expense? Lives in Ohio

[TRSecurity]

Sagicor goes to at least 90.

[steveadlman]

Originally Posted by csyjnapapa

Anyone have a company that will cover 88 year old for final expense? Lives in Ohio

American Continental has just released a final expense plan that goes up to age 89. I don't know if it is available in your state.

[jody108]

That's crazy! 89?????????

[thua717]

How much do the person want? If it's really small 5K and under, the premium might be really high and it's just better for them to put it in a bank account. It's probably not worth it for them and don't forget the 2 year of con testability that MIGHT be use if the person dies in the first 2 years..... Anyway, that's what I've always attacked the over 85 YO that wants a small policy. By doing that, you might be able to get their spouse or their children. for a referral which is always the case for me....

[dgoldenz]

Transamerica will issue underwritten life insurance up to age 89 I believe. Would take about 6 or 7 years to pay up the death benefit and no graded coverage period. Not going to get any less expensive than that on a cost per thousand basis. Of course, it would be tough for someone that old to qualify in the first place.

[theinsuranceman]

NC Mutual out of Durham, NC goes to age 90.

[Newby]

Originally Posted by theinsuranceman

NC Mutual out of Durham, NC goes to age 90.

A 10,000 policy costs $11,000 per year ... Am I close?

[theinsuranceman]

Originally Posted by Newby

A 10,000 policy costs $11,000 per year ... Am I close?

I have no idea about their rates.

[Mark]

The problem is most people that age want to give you 20 cent on a dollar and you turn it into a dollar within about 4 years..