Over 85 for Final Expense

Discussion in 'Final Expense Forum' started by csyjnapapa, Apr 23, 2010.

  1. csyjnapapa
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    csyjnapapa Well-Known Member

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    Anyone have a company that will cover 88 year old for final expense? Lives in Ohio
     
  2. TRSecurity
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    TRSecurity Well-Known Member

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    Sagicor goes to at least 90.
     
  3. steveadlman
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    steveadlman Well-Known Member

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    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.
     
  4. jody108
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    jody108 Well-Known Member

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    That's crazy! 89?????????
     
  5. thua717
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    thua717 Active Member

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    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....
     
  6. dgoldenz
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    dgoldenz Moderator Moderator

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    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.
     
  7. theinsuranceman
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    theinsuranceman Well-Known Member

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    NC Mutual out of Durham, NC goes to age 90.
     
  8. Newby
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    Newby Well-Known Member

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    A 10,000 policy costs $11,000 per year ... Am I close?
     
  9. theinsuranceman
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    theinsuranceman Well-Known Member

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    I have no idea about their rates.
     
  10. Mark
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    Mark Well-Known Member

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    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..
     

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