What Type Of Life Insurance Can I Get For My 68year Old Father?
My father just retired and now has no life insurance through his employer. He does have a small policy that he bought on his own. He is 68 years old and had a heart attack 8 years ago. Is there any type of insurance policy that I can purchase to make sure that I am not left with a ton of bills?
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In my opinion you should get Term insurance. It is the simplest form of insurance in which you purchase coverage for a specific price and for a specified period. If unfortunately you die during that time, the beneficiary receives the value of the policy. Most importantly, there is no investment component.
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Hi according to the life insurance of your father I think it is expensive because he is old but you could ask the insurance agent who will tell you how to do and with several kinds of them, you have the choice, normally for the old people it would be expensive or they don't do it at all .
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