Life Insurance Options for 78-Year-Old Veteran in Good Health

General Forum Discussions General Insurance Discussion
1

Hi folks,

My father, a 78-year-old veteran, is approaching the end of his term life insurance policy with USAA. The premiums have recently increased dramatically from $140 to $1500 per month for a $100k policy, which is no longer affordable for us. We’ve been given the option to reduce the coverage to $50k for $450 per month, but we’re looking for other options to potentially lower the cost or find a more suitable policy.

Given that my father is in good health for his age, are there any recommendations or alternatives we should consider? We want to ensure he has adequate coverage without breaking the bank. Any advice or suggestions would be greatly appreciated :thinking:

2

Have you looked at any other AAA-rated businesses?

I would keep searching for those kinds of businesses to see what solutions they might be able to provide.

The premiums will increase significantly from the $140, as you are well aware, however you might be able to find cheaper deals elsewhere.