Wednesday, October 7, 2009

Life Insurance On My Mother?

Can I get life insurance on my mother?

My mom is like 65 years old...can i take out a policy on her? also whats the cost like? and how much will i get if/when she passes? ...i see all these ads for like "life insurance only a dollar"....does that mean , lets say i pay a dollar today and she passes next week, how much money would i get?....very confusing.......do u have to pay in a certain amount, to get a certain amount? .

Yes, you can buy life insurance on your mother, because insurable interest exists between a parent and their children.

With your mother's permission and consent, yes you can take out life insurance on her.

How much the life insurance will costs depends on your mother's health, age, type of policy, amount of life insurance, her height-to-weight ratio, whether she smokes or not, and other underwriting factors.

Globe Life Insurance offers simplified life insurance for people age 78 and under. There are no medical exams, just a few health questions.

You may be able to purchase up to $30,000 of life insurance for your mother from Globe life.

Globe Life offers $1 to start the life insurance policy, which means the first month is $1, and thereafter you would pay the regular monthly premiums quoted to you online.

You can learn more about Globe Life Insurance and request your free quote today.

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