My husband is 320lbs., smokes, has type 2 daibetes, and has asthma. Obviously, the premiums are extremely high. Do you know of a policy w/ low premiums from a reputable company?
2006-07-19 07:28:34 · 3 answers · asked by daweeney 4 in Business & Finance ➔ Insurance
There are companies that will issue a life insurance policy on your husband. You are correct. It will be expensive. Consider multiple policies while you and your husband are working to improve your overall financial picture. Increased savings, reduce your spending so that you accumulate more money and the event of his death will have a lesser impact.
Your best bet is to work with a financial professional to get a clear picture of your overall financial situation and the steps you need to take to improve. As your financial situation improves, you can drop one policy.
Consider also, how you will pay for his care if he becomes too sick to work but does not pass away.
Having your husband take his health seriously will be a major improvement.
Good Luck
2006-07-19 09:35:58 · answer #1 · answered by insuranceguytx 5 · 1⤊ 0⤋
Try Clarica ( well in Canada not sure in the States). They are a good company and the prices are not bad.
Good Luck!
2006-07-19 14:43:40 · answer #2 · answered by misscanada_y2k 3 · 0⤊ 0⤋
With those conditions, it is not likely that you will be able to purchase life insurance unless it is highly rated. Check with www.insureme.com
2006-07-19 15:22:34 · answer #3 · answered by deep5223 4 · 0⤊ 0⤋