Finding life insurance can be a difficult journey. One of the primary hindrances is that the insured is not that interested in leaving behind final expense or burial insurance. For larger policies, the key is knowing which of the top 10 best life insurance companies or top no medical exam companies to choose. Give us a call today and we will help you find the right company and policy for your father.
Can I Buy Life Insurance for my Dad?
In the following article we will address how to get life insurance for your dad.
Typically, when we’re asked the question “can I get life insurance for my father?” or “I want to get life insurance for my dad” it’s usually because the person calling in is worried about what would happen if their father were to pass away without life insurance. For example:
- Who would pay for their burial expenses?
- How would his heirs survive “financially” after he was gone?
After all, if there isn’t any life insurance in place the question then becomes, “Is there a plan in place to make sure everyone would be taken care of in the event of your dad’s death?”
In situations like these, the uninsured father may be uninsured because:
- They have some type of pre-existing condition preventing them from being able to find coverage or affordable coverage.
- They don’t feel that they need to have any life insurance.
- Or they may simply not “believe” that life insurance is important.
This is why it can be difficult to get life insurance for dad when dad does not want to be involved in the process of getting insured! After all, depending on the type of life insurance being applied for, getting approved for life insurance may be considered too much work for these individuals who aren’t all that interested in getting insured in the first place!
If your father has no life insurance please give us a call and we’ll be happy to explain what we can do to help you get life insurance for someone else.
The Real Question Behind “Can I buy life insurance for my father?”
We’ve found that most of the time when we’re asked, “Can I buy life insurance on my dad?”, the person is asking the question because their father just won’t seem to get life insurance on their own.
It may be due to reasons such as:
- They don’t think they need it,
- They don’t like doctors,
- They don’t trust insurance companies, or
- They think it’s too creepy to talk about how the will one day die.
And the truth is, people will make up a million different reasons to avoid buying life insurance. But that doesn’t change the fact that one day, everyone, including your father, will die.
100% of all Americans will eventually die, of those, only 52% will have life insurance in place.
So by asking “Can I get life insurance on my dad?” what one is usually asking is:
“Can I get life insurance on my dad without him taking an active role in the process?”
Short answer: Yes.
Complete answer: It depends.
“Ok, so tell me how can I buy life insurance on my father?”
Let’s just assume that your father is OK with you getting life insurance on him. He’s OK with it, but he’s just not going to go out of his way to make it easy for you or the insurance company.
In cases like these, there are a few different insurance companies that will offer complete term life insurance coverage up to $500,000 that would go in force within 24 hours after a brief phone interview.
In our experiences, we’ve found that if you can:
- Eliminate the need for a complete medical exam,
- Allow everything to be completed over the phone in just a few minutes, and
- Get rid of the long approval process, even the most stubborn applicant can be persuaded to get insured!
What if my father isn’t willing to pay the premium?
This happens all the time. Getting life insurance on dad might be hindered by the fact that dad does not have the funds or does not agree to pay for the life insurance. A solution is that a family member will often pay the premium for another loved one just so that they can be sure that the policy remains in effect.
Attention: Insurance companies get a little sensitive about this one. After all, insurance carriers don’t really want to find themselves allowing someone to insure another individual without the insured having knowledge of the fact. For this reason, some carriers (but not all) may require the initial payment to be made by the insured, and then switched to another individual after the first premium is collected.
This is where working with TermLife2Go can make all the difference in the world because with dozens of different insurance carriers to choose from, including the best final expense and burial insurance companies, we’re sure to find one with a payment method that will work for even the most difficult of situations.
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