AboutLee Horner Expertise Senior (age 70 to 90) premium financed life insurance questions, particularly for cases where the insured's family doesn't get the death benefit; sale of such policies in the secondary market; what to look out for because there are good programs out there and not so good. I do not answer questions about stock markets, mutual funds nor variable life contracts. I will advise you of your options and make recommendations as appropriate. Questions regarding USA residents only. Let me know as much as you can about your situation for best results.
Experience Estate Planning Attorney for 25 years; practicing in California and Arizona, and independent life insurance agent specializing in the senior market and also tax free retirement planning.
Organizations California and Arizona State Bar, Pima County Bar association, Freedom Equity Group
Publications Stop Sitting on your Assets, paperback version (co-author).
Education/Credentials BBA in Business Management from Univ of New Mexico; Juris Doctorate in Law, Lincoln Law School of Sacramento, CA
Awards and Honors Graduated in the top 5 of my law school.
Expert: Lee Horner Date: 6/13/2008 Subject: Life Insurance for elderly
Question My mother is now 89 years old. We discovered that she turned in all of her insurance policies to remodel her home for my brother several years ago that was left a paraplegic after an accident. Are there complanies out there that insure 89 year people that is physically healthy.
Answer Hi Cheryl---the short answer: yes and I have such programs available. The insured must be a non-smoker and in the last 5 years have no heart attack, no stroke and no cancer. We understand folks of this age aren't always the picture of health but if everything is under control, odds are we can get her insured.
Please send me an email so I can respond in more detail privately, and also please advise what state your mom lives in. Also be thinking about a living trust for her if she doesn't already have one as this avoids probate expenses and costs upon her death.
My email is: steinway@azbar.org
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