Life Insurance for Aging Parents

Do you need life insurance for your aging parents?

Whether or not you've considered it, the cost to pay for a funeral and burial now averages around $7,700.

If you're aging parents do not already have the money saved, you may end up paying for their final expenses, which may include the cost of a casket, burial plot, funeral, memorial service, and headstone, among other things.

If you and your parents have not begun to plan for the future, you may want to consider purchasing a life insurance policy for each of your parents, so that when the time comes there are funds available, and you aren't overwhelmed with financial stress at a time when you will be mourning the loss of your parents.

Adult children can purchase affordable life insurance life insurance plans for their parents. The main requirement to buy life insurance on someone else is that you have an insurable interest in the person. And, adult children do have an insurable interest in their parents.

There are even life insurance plans available for seniors that offer guaranteed acceptance for people age 45 to 85 - with no health exam required and no health questions asked.

Learn more about how to buy life insurance for aging parents.