Hello, I am 26y/o M and I've been tasked by my father to purchase a life insurance policy on him. He wants enough to cover death expenses and inheritance. I am a complete rookie when it comes to life insurance, will you please help me.
@izzywray Your father will need to apply himself but you can assist by locating a company or a broker. It all depends on how much your father is looking to purchase. A small permanent policy for 25-50k would probably cover final expenses, burial, and any debts at the time of his passing. He’ll likely need to medically qualify for the coverage so doctors records, an exam, and labs would also be required for a policy like this, but the insurance company will handle these requirements once he applies.
@izzywray Independent agent here. Should do a needs analysis and apply to an appropriate carrier accordingly. Happy to answer more detailed questions offline.
