(PRWEB) April 10, 2014
Clients can find and purchase life insurance for their elderly parents. They will be the policyholders, the ones that pay the premiums, but the insured will remain the parents. If the clients are named as beneficiaries, the insurance money will pass unto them and they will be able to use the proceedings to cover funeral expenses.
Clients cannot insure their parents without them knowing it. Their parents have to be involved in the process as they may need to take medical tests and complete some papers. To make purchasing insurance for aging parents simpler, clients should look into plans that do not require medical examinations.
Since the aging parents will be the insured, the premiums will be calculated based on their age and medical condition. Clients should expect to pay more for coverage than they originally thought. However, by comparing online life insurance quotes, it is possible to cut life insurance prices in half.
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