How do i go about getting life insurance on my parents and what is the best type?

Question

How do i go about getting life insurance on my parents and what is the best type?

Answer 1

If they are old i suggest LTC.

But INS you need to qualified (age + health)

how about yourself?

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Associate

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2077 Gold St. Ste. 263

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Answer 2

Well, you talk to a local, independent agent.  They will give you a variety of quotes, based on your parents' age and health, after your parents have filled out the application and medical forms.  LIkely, your parents will have to have a paramedical exam, as well.

You can't do this, without your parents permission and cooperation, obviously.

Answer 3

The best type of insurance depends on need,age and income.  There is whole life which might be better but it's also much more expensive.  Then there is term insurance which is cheaper but has an expiration.

Answer 4

See an agent.  The main choice is term vs. whole life.  You will need their concurrence and they will have to undergo insurance physical exams.