Originally Posted by bluemarlin08
If wealthy parents, in their early 80's, want to do a hybrid policy with a one time deposit, they own the policy but children are beneficiaries. I assume this is not a gift since parents own policy, understanding, policy is included in their estate.
Can you buy a hybrid in your 80's? Do not know of any that go that high......and even if so, how healthy can you statistically be? Hybrid = MG, PacLife, StateLife, Nationwide, ForeCare, etc. Unless of course you meant the kids would be the insured
.....and their grandchildren would be beneficiaries