Does anyone know of any life insurance companies that will let you ...

by hirby

My grandfather and I are really close. He keeps telling me that he wants me to get a insurance policy on him which makes me feel bad, because I get the feeling there’s something else serious he is not telling me. If something happens to him I don’t want to be in a situation where I can’t afford to bury him & I know that that type of stuff is important to get taken care of. I have checked into it a little bit online, but from what I have read & been told….when someone is over the age of 65, life insurance companies will not let you get a term policy for someone that age. My grandfather is 69 years old and will be 70 yrs old this month. I really don’t have a whole lot of money to pay for whole life insurance & believe that I can only afford to get a term life insurance policy. The problems I think I am going to have is that he smokes & is 69 yrs old. Does anyone know of any good insurance companies that will let me get term life insurance on him being that he is already 69 and smokes? His sight is going away naturally and he also had a incident several days ago where he couldn’t explain what happened really. He said he couldn’t get up at first and when he did he was wobbling and he was shaking. I don’t think he is telling me everything to be honest and believe that there is something more serious about his health that he may not want to tell me about. It’s kinda freaking me out though at this point because everytime we talk he is bringing up the topic of why I haven’t gotten any insurance on him yet and telling me that I need to go ahead and take care of that. If I can find a good company that will let me get term life without having to pay over a month I can handle that…but I just can’t afford to pay out hundreds of dollars like I read some people have to do. Is my max budget per month not possible….or is this something that I’ll be able to find?

You can get him a term policy, but a burial policy might be better. Just google Burial insurance. You can also look for a local broker that can help you sort through the different companies available. You can use yellowpages.com to search for life insurance brokers in your area.

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