My parents were looking into getting life insurance. The problem was that they were older and had not planned on getting life insurance in the first place. They both did a lot of research on the internet about what it would take at ages 55 and 56 to get life insurance. It was amazing at what came back to them and what was available to them. I was surprised that life insurance was available to them. They could get life insurance premium financing. It is sometime called stranger owned life insurance because of the fact that there is an element of someone you do not know having a piece of the death benefit.
After careful review, my parents opted to go with the life insurance. It was a good thing they decided and wanted to make sure that they had the benefit of life insurance for their beneficiaries. Making sure you are covered with life insurance is always a good thing. I like the fact that there is a product that is available to those that want it, no matter the age they are. People should be able to get what they want when they want it.
Wednesday, May 20, 2009
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1 comments:
Interesting concept. I have never heard of strangers life insurance. It's great that your parents could get coverage, I'll have to look into this for my parents. Thanks for the great information.
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