Get Their Consent – Your parents must agree to the policy.
Determine Coverage Needs – Consider funeral costs, debts, and ongoing support.
Choose a Policy Type – Options include term life, whole life, final expense, or guaranteed issue.
Compare Providers – Shop around for the best rates and coverage.
Apply for Coverage – Some policies require a medical exam, while others don’t.
Pay the Premiums – Decide who will cover the payments.
Assign a Beneficiary – Ensure a payout goes to the right person.
Review & Activate Policy – Confirm details and keep the policy accessible.
If your parents have health conditions, consult an insurance broker for the best options.
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