Resolved Question: what life insurance is best for a senior 62 female, on a fixed income, AARP or Landmark Life? asap?

I get so mad when folks just scream buy term, when they don't take into account what you've said. Unless your mom (whom I presume is the 62 yr old) has some major medical condition, then I'd, personally, say neither of the ones you mentioned. Instead, I'd have you look at an Index Universal Life (why? because it's a permanent policy, can't be taken away as you age so long as the premiums are kept up, etc.). I looked at one carrier just for an example. By blending the policy so it's cheaper for her yet gives her $100,000 of coverage; coverage which doesn't go away in ten years, and figuring her at standard health, non-smoking, we have premiums of c.$110 per month I figured her paying for 20 years and then her not putting in another penny. Structured this way, the policy would run until age 120. (THIS IS NOT a solicitation for business, I just wanted you to have some idea of what I've spoken about.)

There is more out there than guaranteed life and/or term. Most families, I've found, prefer that the insurance actually is in force when a loved one dies. Most term isn't - simply because it often gets to ridiculously expensive rates and most can't afford to renew it - even if the company allows for renewal at the age the person is. Many term policies won't even renew after 85 or 90, no matter what you offer to pay.

PLEASE! see a good, licensed agent in your area. I'd suggest finding a broker, i.e., one who's not locked into any one company's products. There are many good companies out there (even lots of those with captive agents) but it's also nice to be able to shop around.

I'd suggest you ask them if they can explore either a UL, IUL (indexed universal life) or potentially even a VUL (Variable universal life) product for your mom. BTW _ I also looked at a ten year $100K term policy for her - that would be about $61/month. Great. Then when you come back when she's 72, the price jumps to $190/month for the next ten year. See? That's why I suggest you look into a permanent policy for her now. You don't even want to know what happens at 82. (they refuse coverage entirely in this company)

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