88 y/o on dialysis wants a policy...
- Thread starter Spin
- Start date
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Pre-need
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It would have to be a single premium preneed policy.
There is one carrier that will allow a 3-year premium. But it has horrible terms. I would never recommend.
If she can’t afford a single premium preneed plan, then I would recommend a flex annuity. Most funeral homes also have that available. The way it works as they can just pay any amount they want anytime they want to be paying toward their funeral total. There is no additional insurance benefit to it. It’s just a way to help pay down the cost so you don’t leave a burden on your family.
There is one carrier that will allow a 3-year premium. But it has horrible terms. I would never recommend.
If she can’t afford a single premium preneed plan, then I would recommend a flex annuity. Most funeral homes also have that available. The way it works as they can just pay any amount they want anytime they want to be paying toward their funeral total. There is no additional insurance benefit to it. It’s just a way to help pay down the cost so you don’t leave a burden on your family.
