Tuesday, March 06, 2007
Life Insurers Expand Offerings for Elderly
Medical advances and growing life expectancies are having an unexpected side effect: easier access to life insurance.
Once, insurers would shun people who were older than 65 or 70, and deny or charge substantially higher rates to anyone who had serious illnesses like cancer or heart disease. But increasingly, companies are expanding their offerings, amid evidence that even elderly and sick people are living longer and can still be a good financial bet.
Life Insurers Expand Offerings for Elderly
Source: Wall Street Journal (subscription required)
Once, insurers would shun people who were older than 65 or 70, and deny or charge substantially higher rates to anyone who had serious illnesses like cancer or heart disease. But increasingly, companies are expanding their offerings, amid evidence that even elderly and sick people are living longer and can still be a good financial bet.
Life Insurers Expand Offerings for Elderly
Source: Wall Street Journal (subscription required)
Permalink posted by armandn @ 9:35 AM 
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