Blackninjasofly asked:
My aunt is in the nursing home and i urgently need to get life insurance for her. But alot of companies will not cover her because she is already in the nursing home.Do anyone know of any companies that will cover someone in this situation. Please Help!!!!
Tags: Insurance, Life Insurance, Names Of Company, Nursing Home
January 18th, 2010 |
Tags: Insurance, Life Insurance, Names Of Company, Nursing Home
January 21st, 2010 at 12:26 am
SHE’S ABOUT TO DIE!!! SHE HAS NO FAMILY TO SUPPORT, WHY THE HELL WOULD SHE NEED LIFE INSURANCE!!!!!!!!!!!!!!!
January 22nd, 2010 at 2:37 pm
How old is she?
Where are you?
these things do matter!
January 25th, 2010 at 11:48 am
Globe Life and Mutual of Omaha will BOTH give her “guaranteed issue” policies, if she’s under 76 years old.
The catch is, you have to pay every month for two years. And, of course, coverage is limited to a maximum payout of $10,000.
If she dies before you’ve paid in for two full years, they don’t pay out. And if she lives four years, then you’ve paid in $10,000, and would have been better off putting the money in the bank.
So guaranteed issue policies, are pretty much a bet that she’ll die at least two years from now, but not more than five.
January 26th, 2010 at 10:57 pm
She does not need life insurance. Instead of wasting your money you should just prepay on some funeral expenses.
January 28th, 2010 at 10:08 pm
why does she need life insurance? I see a scam on auntie
February 1st, 2010 at 6:05 am
Obviously you are looking for a free lunch, which you are not going to get. Suddenly with your aunt not doing well, you feel that there MUST be a blind insurance company out there flush with cash ready to cover this person, so when she passes away, you will become wealthy.
Very few if any companies will do this, because she is in a nursing home, because she is quite ill, and because you have no vested interest in her.
Any company willing to insure her will only do so, with a forfeiture of a few year period of non-payment is she dies, and also of only a small claim amount. In other words, someone will have to pay a bunch of money for a period of time, if she lives, hoping to collect it back when she dies. Nothing is for nothing.