Eligibility for Term Insurance at the age of 58
06 Oct, 2020
by Gagan Jakhotiya
My father is 58yo and has sugar and thyroid. Is he eligible for a term insurance policy? If yes, any suggestions?
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Hello Gagan :)
Assuming your father is an earning member in your family, based on the information you have provided, he is eligible for term life insurance.
For his age and the medical history details you have provided, he may have to undergo medical tests, and may be required to pay additional premium over and above standard premiums.
It is important however is to first first understand whether your father really needs a term life insurance. The following people need a term insurance.
If he qualifies through the above two tests, then ensure
Do let us know if you have any follow up questions. Would be more than happy to answer.
Cheers!
Team Beshak.