Many parents are not keen on taking an exam, and Final Expense policies usually have minimal underwriting requirements and no medical exam required.
Final expense life insurance also allows for some of the common health issues of seniors, such as, hypertension, arthritis, and type 2 diabetes.
Finally, these type of life insurance policies are usually come in smaller amounts of life insurance coverage, making them ideal for funeral and burial related costs.
If you are looking for larger life insurance policies for your parents, an exam will be required. The more extensive the underwriting requirements, the better the price for that life insurance policy may be.
Again, seek a life insurance website or call a life insurance agent that offers Senior life insurance to be sure you are getting the best price, as prices vary widely by insurer for this age group.
Here's how you can compare life insurance rates for seniors online.