I want to buy some life insurance for my dad. He is 59 years old and he lives in an assisted living facility. Is there an affordable life insurance policy that I can buy for him?
You may have several options for life insurance for your father.
There are term life insurance plans which may offer coverage for up to 20 years or more depending on your father's health.
In addition, you may want to consider guaranteed issue life insurance plans from companies like Globe Life Insurance, Stonebridge Life or Mutual of Omaha.
With guaranteed approval life insurance plans the insured person usually needs to live at least 1-2 years before the life insurance policy pays out the full amount of coverage.
Here's how you can learn more about life insurance for elderly parent.
Also, consider buying your own life insurance coverage. You can compare free life insurance quotes online in minutes.
Just like health insurance, or the lottery, once your number comes up, it's too late to buy it at a good cost. So start planning for your own life insurance now.
Insurance without any Medical Exam,
Just a Few Health Questions.
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