(PRWEB) January 12, 2014
People can purchase a life insurance policy for someone else, like a close family member. Purchasing life insurance for someone else can be advantageous if the person paying the premiums also receives the benefit. However, the rates will not be determined based on the medical condition of the one who is paying the premiums, but on the medical condition of the insured, in this case: a sick elderly parent.
Because of age and other possible pre-existing medical condition, finding cheap life insurance for seniors can be difficult. A policy for seniors will always be more expensive. In order to be able to purchase life insurance for someone else, a client has to make sure the said person is willing to go through the underwriting process.
A typical life insurance policy has a complicate process as the applicant has to go through many tiring medical examinations. This underwriting process can be tiring for an elderly parent. It is recommended choosing a plan that has a simplified underwriting process. No medical exam life insurance plans can offer the financial security people need, and the whole underwriting process consists of a simple medical questionnaire.
“Insuring an elder parent can provide many benefits like income for covering funeral taxes. Life insurance policies are available for seniors and they can be purchased from all major providers.” said Russell Rabichev, Marketing Director of Internet Marketing Company and Lifepolicy.info.
Lifepolicy.info is an online provider of life, home, health, and auto insurance quotes. It is unique in that this website does not simply stick to one kind of insurance carrier, but brings the clients the best deals from many different online insurance carriers. This way, clients have offers from multiple carriers all in one place, this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.
For more information, please visit http://lifepolicy.info.