Your Aging Parent – What They Need To Know About Insurance

Sunday, September 22nd, 2013

Champaign IL 61820 | Health InsuranceIf there is just one thing that your aging parent needs to know about insurance, it is that his or her medical insurance and health insurance needs will change as he or she gets older. As people hit middle age, they may be looking forward with increasing excitement at the prospect of their kids finally leaving the proverbial nest. Surely, this means more free time for themselves, right? Wrong, especially when it comes to the issue of their aging parents and their changing insurance needs. After all, aging parents are increasingly dependent on their adult kids for things like weekly or even daily assistance.

While it may seem bizarre or even counter intuitive, life insurance for aging parents is definitely an option to consider. Life insurance comes in handy a lot if something should ever happen to adult children of aging parents. For example, adult children may no longer provide their aging parents with a place to live in the case of an unforeseen accident or mishap. Life insurance can offer much-needed funds to aging parents for necessities like quality healthcare.

Think of it: As ones parents age, they will require more and more assistance. However, your aging parents still have pride, and the last thing that they want to be is to be a burden on their grown children. This is where life insurance comes in handy so effortlessly. It gives them the peace of mind and the security that they require when any final bills or end-of-life costs come up. This way, they get what they require to have their needs taken care of without damaging the finances of their grown children.

Before buying just any life insurance policy for their aging parents, their adult children should really be choosy. Believe it or not, some life insurance policies for aging folks can actually still require a health exam, which would really be putting your parents through unnecessary trouble. Instead, you should search for policies up to around $25,000, and there are particular insurance companies that do offer guaranteed acceptance without any form of medical exam being required.

Final things to keep in mind when shopping around for your aging parents’ policies include checking to see if the policy’s rates will increase as the years go by and if there will be any health-related questions during the application process.

Our goal at Hall Insurance is to ensure that your coverage meets your needs at the best possible price. Contact us so we can learn how we can best help you. Hall Insurance Services provides Auto, Home, Life, Business, Taxi | Livery and Workers’ Compensation

Call today for a free quote 217-352-8833 or email us at

Hall Insurance Services | 711 South Neil St. - Champaign, IL 61820