Can I buy life insurance for my ill parent?
Yes, an adult child may purchase life insurance on his/her parent, because the adult child has an insurable interest in his/her parent.
If your parent is ill, there are Guaranteed Issue life insurance plans available for people between the ages of 45 to 85 years old. Get a free quote.
Guaranteed Issue means your parent cannot be turned down for coverage due to his or her health.
As long as your parent meets the age requirement, you may purchase life insurance on an ill parent.
And, with guaranteed issue policies, there is no health exam required, and your parent won't have to answer any health questions.
Learn more about buying life insurance for an ill parent.
No comments:
Post a Comment