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Life insurance for an elderly sick parent??

I want to buy some life insurance for my dad. He is 59 years old and is a stroke victim. He doesn't live with me he lives in an assisted living facility. Is there an affordable life insurance policy that I can buy for him? I tried Globe Life but they rejected him due to his history of stroke and high blood pressure. I am trying to find something that is very very affordable because I will have to be paying for this myself along with my own personal bills. Thanks

Public Comments

1. You will have to call the different insurance companies. I doubt you will find one with his health. And if you do, it will cost an arm and a leg.
2. Seriously, you're going to have a very difficult time finding any company that will even insure him with pre-existing condition like stroke and high blood pressure. Finding an affordable one will be impossible.
3. For a person of that age and medical history, life and medical insurance will not be reasonable. insurance is based on liability factors and no matter how much insurance insists on being there for you, remember that the primary reason for most businesses is profit. Sorry to say but at this point, your dad is more of a liability to the company so if you do get a company willing to insure, the premium is going to be exorbitant. What you can take is family indemnity which will help with the funeral expenses. that is the best option available to you in your present situation.
4. With his health problems I seriously doubt anyone would give him a policy. That is why people normally get their life insurance when they are young and healthy.
5. I am sorry to hear about your father's circumstances. I know you want the most affordable coverage out there, but it may be next to impossible to find something you would consider affordable. Life insurance companies are out to make money, like all businesses. But, there are some that offer guaranteed issue life insurance coverage. The drawback is, the rates may seem high, and the coverage is limited, at least for the first year or two. You can learn more about this coverage and get a quote by clicking on this link http://www.term-life-online.com/guaranteed-issue-life-insurance.html I hope that helps! Take care and best of luck to you and your father in the New Year.