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Jayson Lowe, 70, says you can buy life insurance at any age. He compares it to depositing money at a bank. Lowe himself owns eight policies on his four children, controlling the contracts even though he's not the insured person.
Jayson Lowe, 70, says you can buy life insurance at any age. He compares it to depositing money at a bank. Lowe himself owns eight policies on his four children, controlling the contracts even though he's not the insured person.
I'm 70. Is it too late? Absolutely not. If you envision the last time that you deposited money on the books of someone else's bank, did the teller ask you how old you are? No. The bank's intent is to receive the deposit, not determine your age. And when you're dealing with the implementation of this process, if the insurance carrier, for example, said, look, you know, we don't issue contracts on anyone who's celebrated their 85th birthday, you don't have to be the life insured. You can be the policy owner. So for example, on my children, I have 8 policies on all 4 of my children. They're not old enough to own their own contracts, and they're not old enough to not be able to buy one. So I purchased the contracts where they are the lives insured. I'm the policy owner. I control everything. Want to learn more? Just visit watchibc.com. That's watchibc.com.
