Female 76, Colorado what is the best (cheapest) for my mom, thank’s
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If I had a 76-year-old female client looking for the cheapest coverage per dollar of premium, I would likely recommend a fully underwritten whole life policy. My recommendation would also depend on her current health and the amount of coverage she wants. Either of these factors might lead me to suggest a simplified issue or guaranteed issue final expense policy instead.
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what does “fully underwritten whole life” mean? what is a simplified issue or guaranteed issue final expense policy? I don’t work in LI
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How much coverage do you need, and what are your financial goals? Do you need a permanent policy for funeral costs or a larger policy to cover a mortgage or estate taxes? It’s tough to guide you without knowing more details.
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Best shouldn’t mean cheap when it comes to insurance. In my opinion, people who buy only based on price often pay more in the long run. How is your mom’s health? What do you want to protect or cover with the policy? At 76, her options will be limited due to age, health, and maybe habits. Give us more details!
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The best life insurance for a 76-year-old woman would be to invent a time machine and go back 50 years. At her age, she won’t find a great policy.