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Life Insurance for a 58 year old ?

sportY_3
sportY_3 Posts: 21 Forumite
in Insurance & life assurance
My 58 year old dad is always going on at me to take out Life Insurance on him but until recently I've always told him to shut up and stop being morbid...however over the last few weeks I've come to think that he really does just have my interests at heart. He has just had a baby with his 37 year old girlfriend and is pushing me to sort out some insurance and I can see why - obviously if anything happens to him I will be left nothing (i'm 30).
So my question is....where is the best place to go to get a policy for someone of this age? I feel so morbid....

Comments

  • payless
    payless Posts: 6,957 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Would you actually have a financial loss if he died?
    Any posts on here are for information and discussion purposes only and shouldn't be seen as (financial) advice.
  • sportY_3
    sportY_3 Posts: 21 Forumite
    ...i am 30 and married so, no i would not have a financial loss but I suppose I just would not receive any inheritance from my father's estate. My dad knows this and just wants me to benefit in some way...i.e. insurance...
    I have 2 younger brothers too, 21 & 18 my Dad wants them to do the same.
  • dunstonh
    dunstonh Posts: 118,404 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    If you have no insurable interest, then you are not allowed to take out life assurance on him anyway.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • sportY_3
    sportY_3 Posts: 21 Forumite
    welll you learn something every day! I wonder what the heck he is going on about then???? hmmmm.... :confused:
This discussion has been closed.
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