What If Your Parents Are Not in Good Health?
If your parents are in good health, then it is possible that they may qualify for a medically underwritten life insurance policy. This means that they would go through the regular channels when applying for coverage by completing an application for coverage, and then undergoing a medical exam with a paramedical professional.
If, however, your parents are not in good health and may not qualify for traditional coverage, they could go the route of a “no medical exam” life insurance policy. Without having to go through the medical examination portion of underwriting, many applicants who have various health issues are still able to qualify for the life insurance coverage that they need.
Premium pricing can vary a great deal from one insurance company to another. As independent life insurance specialists, we have access to multiple carriers, an advantage in helping you to find the best price in whatever your life insurance needs may be.
Taking the Next Step to Obtaining Life Insurance on Your Elderly Parents
In order to determine the type and amount of life insurance that you can purchase for your parents, requesting a quote is often the next best step. We can assist you with the details, as we work with a number of different carriers. We can also work with you in completing any additional paperwork that may be necessary, as well as writing a letter that outlines why your parent or parents should be approved.
Feel free to call us toll-free if you have any additional questions. We will be happy to help you with finding the right coverage to protect your family’s financial needs.