Discussion in 'Final Expense Forum' started by csyjnapapa, Apr 23, 2010.
Anyone have a company that will cover 88 year old for final expense? Lives in Ohio
Sagicor goes to at least 90.
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.
That's crazy! 89?????????
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....
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.
NC Mutual out of Durham, NC goes to age 90.
A 10,000 policy costs $11,000 per year ... Am I close?
I have no idea about their rates.
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..
Separate names with a comma.