(PRWEB) June 12, 2014
Clients can purchase life insurance for their elderly parents. Purchasing life coverage for someone else can be a good investment. In this way, the one who pays the premiums is also the beneficiary and will receive the insurance proceedings.
However, the rates will be determined based on the insured’s health and medical condition. In this case, the senior parent will be the insured and customers will have to cover the expenses. It is not possible to purchase life insurance on someone without him or her knowing or agreeing to it. The insured has to agree with all the terms and conditions.
By purchasing no medical exam life insurance for seniors, clients can make sure they will have enough financial resources to cover burial expenses. A policy can also be used to pay for other important expenses such as mortgage loans and other debt.
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