How does natural life insurance work ?
my mom is 68 y/o and she doesn't work anymore she has her green card and the social security card . she is person in the us for 6 years , but she usually lives the country for a few months and comeback to the us to see my dad and stays for another 6 months or so . she tends to do that repeatedly . now how a life insurance plan would work on her ?
Answers:
You're going to have a really tough time finding someone inclined to write it for somoene that's 1. that old and 2. is gone from the country so much.
Life insurance is a bet. The insurance company is betting she's going to live - she's betting she's going to die. At 68, for a 10 year policy, the odds are surrounded by HER favor she's going to win the bet, so expect to pay pretty darned close to face expediency, in premiums. Example: a $10,000 policy will likely cost $5,000 a year, IF Nothing is wrong near her right now. If stuff is wrong with her, it could cost $11,000.
So at her age, if she can afford to travel resembling that, she should just put $10K in the hill, in a joint description with you or something, earmarked "funeral" so you can return with to it. Source(s): agent, 21+ years
The important question from a go insurance standpoint is which country is she going to, you did not mention this. Insurance companies are concerned with international travel, but more from a "travel advisory" perspective. You would not find someone denied a policy for going to Canada or a vacation to the Bahamas. Joining the Peace Corp and going to Nigeria is a in one piece different story! Also, people buying life insurance lately before leaving the country create the underwriters nervous as they wonder why it is felt crucial if it was not before.
Your best bet is to drop by an agent, explain your situation and see what they recommend. Your mom will have to be the one to sign the policy but if it is something you are setting up for her, you can become Payor on it and be billed directly as long as she agrees.
So shop around and compare quotes which is easy on the network. The last thing I want to do is listen to elevator music while waiting for a salesman. Why would you spend your time on the phone calling around? the last time i needed quotes on insurance i used one of these comparison sites and it was great. this is the site i used and it be quick like smaller quantity than 5 mins.
http://insurance.deal4-you.com
Good luck.
In our post 9/11 society, frequent foreign travel, especially to high risk areas, by US citizens can have an effect on energy insurance. A non-US citizen that travels frequently may find it very difficult to buy a policy. You may want to consult with an agent surrounded by your area. Source(s): industry experience
If she have a green card and legal, it would work just as though she never not here the states.
you need to find a company that specializes in international insurance coverage. I would recommend www.internationalcorpben.com I've found them to enjoy unique products and the best prices.
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Answers:
You're going to have a really tough time finding someone inclined to write it for somoene that's 1. that old and 2. is gone from the country so much.
Life insurance is a bet. The insurance company is betting she's going to live - she's betting she's going to die. At 68, for a 10 year policy, the odds are surrounded by HER favor she's going to win the bet, so expect to pay pretty darned close to face expediency, in premiums. Example: a $10,000 policy will likely cost $5,000 a year, IF Nothing is wrong near her right now. If stuff is wrong with her, it could cost $11,000.
So at her age, if she can afford to travel resembling that, she should just put $10K in the hill, in a joint description with you or something, earmarked "funeral" so you can return with to it. Source(s): agent, 21+ years
The important question from a go insurance standpoint is which country is she going to, you did not mention this. Insurance companies are concerned with international travel, but more from a "travel advisory" perspective. You would not find someone denied a policy for going to Canada or a vacation to the Bahamas. Joining the Peace Corp and going to Nigeria is a in one piece different story! Also, people buying life insurance lately before leaving the country create the underwriters nervous as they wonder why it is felt crucial if it was not before.
Your best bet is to drop by an agent, explain your situation and see what they recommend. Your mom will have to be the one to sign the policy but if it is something you are setting up for her, you can become Payor on it and be billed directly as long as she agrees.
So shop around and compare quotes which is easy on the network. The last thing I want to do is listen to elevator music while waiting for a salesman. Why would you spend your time on the phone calling around? the last time i needed quotes on insurance i used one of these comparison sites and it was great. this is the site i used and it be quick like smaller quantity than 5 mins.
http://insurance.deal4-you.com
Good luck.
In our post 9/11 society, frequent foreign travel, especially to high risk areas, by US citizens can have an effect on energy insurance. A non-US citizen that travels frequently may find it very difficult to buy a policy. You may want to consult with an agent surrounded by your area. Source(s): industry experience
If she have a green card and legal, it would work just as though she never not here the states.
you need to find a company that specializes in international insurance coverage. I would recommend www.internationalcorpben.com I've found them to enjoy unique products and the best prices.
Related Questions: