Hiya all, I am a caregiver for elderly female.

[assistant]

Heya, I have a question about life insurance, the elderly female I care for just discovered the life insurance she thought would give a few thousand dollars for her daughter to ease the burden of her passing only covers accidental death. Her policy never showed up in the mail and they kept refusing to send another one and after finally getting them to send one via email we discover why they are so reluctant to let her see it.

She just wants to let her daughter have a little something when she goes so a policy would have to cover dying from old age (natural causes) , is it impossible to get a policy like this that's affordable? I can understand such a policy may not be profitable for insurance companies.

Thanks for any help.

Sean G
(insurance company she went with is Mutual of Omaha)

 

[CallMeKate]

She just wants to let her daughter have a little something when she goes so a policy would have to cover dying from old age (natural causes) , is it impossible to get a policy like this that's affordable? I can understand such a policy may not be profitable for insurance companies.

Then she needs to write an iron clad will (handled by a real attorney) and make sure that HER wishes are known. Not yours or anyone else's. Life Insurance companies put up really big red flags when people try to change an elderly person's will. They're not stupid. I sure wouldn't want to be on their radar. Are you over 50?

 

[PeppermintPatty]

Then she needs to write an iron clad will (handled by a real attorney) and make sure that HER wishes are known. Not yours or anyone else's. Life Insurance companies put up really big red flags when people try to change an elderly person's will. They're not stupid. I sure wouldn't want to be on their radar. Are you over 50?

Yeahhh! What she said.