Getting life insurance policy for someone who is already sick? I would like to take out a life policy on a family member who is very ill. They have had health problems for years, but I think they may pass away very soon. What types of options do I have at this point? What is the biggest policy I can take out this late in the game?
If you take out a policy, is there a time period of how long you need to have it before it becomes valid?
Policy would be for; a male, 69 years old, in a nursing home, receiving disability or SSI.
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Getting life insurance policy for someone who is already sick?
1. Getting life insurance policy for someone who is already sick?
I would like to take out a life policy on a family member who is very ill. They
have had health problems for years, but I think they may pass away very soon. W
hat types of options do I have at this point? What is the biggest policy I can t
ake out this late in the game? If you take out a policy, is there a time perio
d of how long you need to have it before it becomes valid? Policy would be for
SOLUTION
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