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What kind of insurance?
I just ran the quote using Compulife, and $50,000 of no lapse UL from ING (Security Life of Denver) is $6,609.70 per year.
If you go to $100,000, then Transamerica's TransAce is $12,525.99 per year.
Robert......The OP has not provided any health info on an 87 year old.....
I should clarify. Compulife has quotes for UL and one non renewable term. Those rates are excessive. He has a leaky valve but it is very well controlled. I guess I am looking more for that one FE carrier that has those age limits. Would anyone be able to quote Settlers Life?