I’d like to take out term on my children, who are in their thirties. I’d like to insure them for enough to cover burial services if either should die and not have sufficient funds to take care of this themselves.

I believe they are presently in good health.

Please give me some ideas on the procedure. Are physicals necessary?

Anything specific you’d recomend?

 

  • Everyone Say PEACE! 5:03 am on February 8, 2010

    They’ll need to be examined thoroughly before the insurers decide what the premium will be.
    See
    http://www.bestinternetfind.solutionsarticles.com/lifequotes/?id=nvm0r4×2Oxo9 for life insurance quotes.

  • zeuz 5:04 am on February 8, 2010

    Physical examinations are necessary.
    Recognize that your children will "own" the insurance policies. They can do whatever they want with the policies — particularly designating the Maharaja Sri Chinmoy as beneficiary.

  • primericaisbad 5:04 am on February 8, 2010

    You can apply for them to be the insured and you CAN own the policy. Next, they’ll need to be examined, underwritten and then a policy can be issued at the company’s discretion.

  • mbrcatz 5:04 am on February 8, 2010

    Obviously, or maybe not, you need their permission to take out life insurance policies on them. It’s possible that they’ll need medical exams, blood and urine samples, etc.

    And if you want to buy the type of policy that DOESN’T require the medical exam, you’re best off just putting your $50 a month into a funeral account. You’ll come out WAY ahead, in the end.

  • jlf 5:04 am on February 8, 2010

    You can only do that with their concurrence. Talk to them about it. If burial expenses are your only concern, prepaid funeral plans might be less costly.

  • Andy 5:04 am on February 8, 2010

    lifeinsurance.awardspace.info – try this one. I have their insurance and, as remember, they can provide such a service.