Is it possible to get life insurance on a 70 year old male in poor health?
Question by Miss: Is it possible to get life insurance on a 70 year old male in poor health?
I would like to get life insurance on a male family member in poor healt. He has diabetes & heart trouble. Is it possible to get someone at that age insured for life insurance? I would like to get some true answers before asking an agent.
Best answer:
Answer by mbrcatz17
Yes, but you’re going to pay face value, or even more.
In other words, if you want $ 10,000 of coverage, it’s going to cost you $ 11,000. Great for transferring money to avoid estate taxes. Pointless for just about anything else.
The odds will ALWAYS be in favor of the insurance company. You’re not going to be able to buy a $ 10,000 for $ 100 a year or anything like that.
You’ll need a HIGH RISK insurance agent.
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