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Reply to "Should the elderly have life insurance? (parents & "third party contact")"
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[quote=Anonymous][quote=Anonymous]Do the math- my 80 year old mom has a measly $80k policy where she pays like $100 per month toward. Even if she were to live to some ridiculously old age it’s still a good return on her investment to keep paying at this point. So it really depends on how much they’d pay and their life expectancy (and if they can afford the premiums). In the long run they may be paying $200k for a $500k return or something similar.[/quote] This is uninformed advice. Are the life policies with a mutual or a stock life insurance company ?[/quote]
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