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 Insurance Talk V6!, Everything about Insurance

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Housedude P
post Jun 15 2020, 10:47 AM

New Member
*
Probation
11 posts

Joined: Jun 2020
Hey guys,

I have some questions to ask regarding insurance.

So I'll keep it simple. My mum is a widow aged 65, I've lost my dad 5 years ago.
My mum goes for full-body health screening annually and is quite healthy. Non-smoker and non-drinker.

She is obviously not young anymore, when I lost my father to liver cancer, it was a huge financial impact as he did not have any insurance.

My family's income is normal, around 350k annually from dividends, rentals and salary etc. As my father left his business shareholdings to my mother's name.

I am hoping to buy a nicer house for my mother to spend her advanced years in, with a better environment than my current place. However with my mother's old age I am worried that any sudden medical situations would put us at risks as you all know certain illnesses can be very expensive to treat.

As such, my question is if it is possible for someone her age to still get medical insurance, what kind of insurance premiums should we be expecting to pay? and what are the limitations imposed considering her age.

I would also love to hear any suggestions for any insurance policies.

Thanks Guys,
Housedude P
post Jun 15 2020, 11:04 AM

New Member
*
Probation
11 posts

Joined: Jun 2020
Hey guys,

I have some questions to ask regarding insurance.

So I'll keep it simple. My mum is a widow aged 65, I've lost my dad 5 years ago.
My mum goes for full-body health screening annually and is quite healthy. Non-smoker and non-drinker.

She is obviously not young anymore, when I lost my father to liver cancer, it was a huge financial impact as he did not have any insurance.

My family's income is normal, around 350k annually from dividends, rentals and salary etc. As my father left his business shareholdings to my mother's name.

I am hoping to buy a nicer house for my mother to spend her advanced years in, with a better environment than my current place. However with my mother's old age I am worried that any sudden medical situations would put us at risks as you all know certain illnesses can be very expensive to treat.

As such, my question is if it is possible for someone her age to still get medical insurance, what kind of insurance premiums should we be expecting to pay? and what are the limitations imposed considering her age.

I would also love to hear any suggestions for any insurance policies.

Thanks Guys,


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