Life Insurance for Grandparents
We have had many requests from people about life insurance for their grandparents. Either because one grandparent died and the cost of taking care of final expenses and
caring for the uninsured, surviving grandparent was much more expensive than expected or a grandparent wanted to createan estate for a grandchild. Either way, we offer very cost effective ways to care for these needs. Whether your grandparent is in his/her 60s, 70s or 80s plus, we can help.
What life insurance plans are available for grandparents?
Depending upon the needs and your grandparent's health and age, different plans may be suitable. Amounts are available from as low as $3,000 to as high as $5,000,000 in coverage. In most cases, children or grandchildren are mostly interested in small, final expense or burial $10,000 to $25,000 policies. Your grandparent(s) may qualify for term life insurance, universal life insurance or whole life insurance depending upon a few factors such as age and health.
How easy is it to apply and purchase life insurance for a Grandparent?
As always, we have made it very simple to apply for your grandparent's life insurance. As we understand that, in many cases, grandparents do not want to go through a complicated process, we offer no exam life insurance plans which, with many of our carriers, only require an application. Once the application has been submitted, you may get a final answer in as fast as the same day. Of course, if large amounts of life insurance are needed, a more thorough application process, which often includes an exam, may be needed. Note that, more complete underwriting plans often result in lower rates per $1,000 of insurance and the availability of higher coverage.
What Happens if my grandparent(s) has health issues?
Here again, we offer multiple options. As in many cases, older adults will tend to have present or past health issues, we offer a select group of top rated companies which specialize in older age group life insurance. They offer very competitive rates and quality plan options - with or without an exam.
