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Darlene Said:

Can I put life insurance on a senior aunt that lost mobility in her hands without her signature?

We Answered:

Yes, assuming she's insurable pursuant to the insurer's underwriting guidelines. However, in order to sign for her, you must have a court-appointed Power of Attorney.

Erika Said:

life insurance for seniors over 75yrs?

We Answered:

I found one on the first Google (life insurance for seniors over 75): "Globe Life and Accident Insurance Company offers people age 78 and under up to $30,000 of Simplified Issue Life Insurance with no medical exam."

http://www.term-life-online.com/over-70-…

I don't know anything about this company, and they won't offer you very much coverage and it will be VERY Expensive. But it's available. So there are probably other companies out there that will do the same thing.

Suggest you find an insurance BROKER in your area (someone who sells insurance from a lot of different companies) and let them research this for you. Or Google on your own and compare what's available before you contact an agent for a particular company.

Good luck!

Erik Said:

What life insurance is best for a senior 62 female, on a fixed income, AARP or Landmark Life? asap?

We Answered:

Try this site

http://www.usainsurancequotes.net/

Here you can compare quotes from different companies

Tamara Said:

what life insurance is best for a senior 62 female, on a fixed income, AARP or Landmark Life? asap?

We Answered:

I get so mad when folks just scream buy term, when they don't take into account what you've said. Unless your mom (whom I presume is the 62 yr old) has some major medical condition, then I'd, personally, say neither of the ones you mentioned. Instead, I'd have you look at an Index Universal Life (why? because it's a permanent policy, can't be taken away as you age so long as the premiums are kept up, etc.). I looked at one carrier just for an example. By blending the policy so it's cheaper for her yet gives her $100,000 of coverage; coverage which doesn't go away in ten years, and figuring her at standard health, non-smoking, we have premiums of c.$110 per month I figured her paying for 20 years and then her not putting in another penny. Structured this way, the policy would run until age 120. (THIS IS NOT a solicitation for business, I just wanted you to have some idea of what I've spoken about.)

There is more out there than guaranteed life and/or term. Most families, I've found, prefer that the insurance actually is in force when a loved one dies. Most term isn't - simply because it often gets to ridiculously expensive rates and most can't afford to renew it - even if the company allows for renewal at the age the person is. Many term policies won't even renew after 85 or 90, no matter what you offer to pay.

PLEASE! see a good, licensed agent in your area. I'd suggest finding a broker, i.e., one who's not locked into any one company's products. There are many good companies out there (even lots of those with captive agents) but it's also nice to be able to shop around.

I'd suggest you ask them if they can explore either a UL, IUL (indexed universal life) or potentially even a VUL (Variable universal life) product for your mom. BTW _ I also looked at a ten year $100K term policy for her - that would be about $61/month. Great. Then when you come back when she's 72, the price jumps to $190/month for the next ten year. See? That's why I suggest you look into a permanent policy for her now. You don't even want to know what happens at 82. (they refuse coverage entirely in this company)

Lewis Said:

What is the best life insurance for seniors?

We Answered:

20 year term insurance is the best.

Life insurance with cash value don't pay out cash value when you die! They say its a good way to build savings! How is that so if you lose it all and it doesn't go to anyone when you die? People say you can borrow it. Why do I want to borrow my own money that I paid for? Cash value = scams!

Benjamin Said:

Can anyone explain what deferred senior life insurance is?

We Answered:

It's basically a high rate, guaranteed issue policy, where the death has to be at least two years after you start paying on the policy (death must be deferred) in order for you to collect. It's the most expensive way to buy insurance, because people who are already critically ill, can still "buy in".