My parents are getting older and starting to get health problems. I'm worried about medical/funeral costs and I don't know if they have insurance. We don't really talk about that stuff. Can I get insurance on them without talking to them about it--I really don't know how to bring it up to them. If it helps, they live in Alabama.
2006-12-31 22:47:22 · 8 answers · asked by vin 2 in Business & Finance ➔ Insurance
you cannot get insurance on someone without their knowledge and consent. if you are really concerned about medical costs, help your parents understand their medicare benefits and see about medicare supplement, advantage and part d prescription plans. i'd be surprised if they didnt have either a small life policy or enough $ to pay for final expenses. the medicare issues are a good conversation starter. it is important that their wishes be known and that the family knows where to find important docs if/when they are gone.
2007-01-01 03:22:17 · answer #1 · answered by ny2fl 2 · 0⤊ 0⤋
There are many insurance plans that will allow you to get insurance without a medical questionnaire, which might be helpful given that your parents are older. Usually the amount of insurance that you can get is fairly low, but enough to cover funeral and burial expenses. However, I would also advise that you should tell them that you would like to have insurance on them to cover their funeral and burial. Perhaps this would allow them to speak with you about whatever insurance they do or don't have.
2007-01-01 02:56:38 · answer #2 · answered by MoniqueLise 3 · 0⤊ 0⤋
Not sure about the specifics in Alabama, but the insured generally needs to sign the application for life insurance, and they also generally need to fill out a health history and have a physical exam.
2007-01-01 06:25:07 · answer #3 · answered by reed 2 · 1⤊ 0⤋
This could be fairly costly but if you will be responsible for their health costs in the future or their funeral and burial costs you should discuss with them that the idea of getting insurance on them would in effect allow you to pay for these things and then be reimbursed after their death. If you also pay the premiums for the insurance your parents should have no objection to this plan. If they object to it then you can also suggest that you would not be able to pay for their health, funeral or burial costs and that they should have their own arrangements already in place and if they do not that they will have to be satisfied with a pauper's grave.
2007-01-01 01:51:33 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Life insurance is usually purchased with the knowledge of the insured party. There are certain questions that they must answer, about health and age that may affect the rate. There are some policies that do not ask health questions, or advertise this idea. In that case, there is usually a waiting period before coverage begins, usually two years.
The best thing to do is to ask them about it, as hard as that may seem.
2007-01-01 01:45:03 · answer #5 · answered by fangtaiyang 7 · 0⤊ 0⤋
No, not only do you have to talk to them about it, but they have to sign the application, release their medical records to the insurance company, and submit to blood and urine tests.
2007-01-01 12:33:50 · answer #6 · answered by Anonymous 7 · 0⤊ 0⤋
You have to talk to them about it. It's probably very affordable still, but you should act quickly. Check this link for good rates. Good luck!
2006-12-31 23:49:49 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Sounds like your trying to cash out...Cha-Ching!
2007-01-01 07:16:05 · answer #8 · answered by Anonymous · 0⤊ 0⤋