I'm posting here on behalf of a couple I know who are interested in purchasing term life insurance. Both people in the couple have had some significant health challenges.
English is not their first language so I'm just trying to help them out. My suspicion is that there might not be any good options for them, but I agreed to see what I can find out.
Here's a quick summary.
The husband is 45 years old. He was diagnosed with stage 4 sinus cancer in August 2023. He received radiation therapy and chemo. Two recent biopsies have shown no evidence of cancer. He has been described as a light smoker and a former heavy drinker. My understanding is that he still has 2-3 drinks per day most days of the week (which might still put him in a heavy drinker category).
The wife is 52 years old. Non-smoker. She had a kidney transplant in 2016. Her kidney is apparently doing well. My understanding is that she has been in the ER a few times over the last few years due to bouts of migraine-like pain (for which she takes aspirin).
They're interested in $100K of 20 year term on each individual.
Given their health histories, is 20 year term insurance likely to even be an option for them? Are there any other options they should consider?
English is not their first language so I'm just trying to help them out. My suspicion is that there might not be any good options for them, but I agreed to see what I can find out.
Here's a quick summary.
The husband is 45 years old. He was diagnosed with stage 4 sinus cancer in August 2023. He received radiation therapy and chemo. Two recent biopsies have shown no evidence of cancer. He has been described as a light smoker and a former heavy drinker. My understanding is that he still has 2-3 drinks per day most days of the week (which might still put him in a heavy drinker category).
The wife is 52 years old. Non-smoker. She had a kidney transplant in 2016. Her kidney is apparently doing well. My understanding is that she has been in the ER a few times over the last few years due to bouts of migraine-like pain (for which she takes aspirin).
They're interested in $100K of 20 year term on each individual.
Given their health histories, is 20 year term insurance likely to even be an option for them? Are there any other options they should consider?
Statistics: Posted by Boricua — Thu Jun 06, 2024 4:36 pm — Replies 2 — Views 211