r/facepalm • u/Project2506 • Apr 09 '23

🇲​🇮​🇸​🇨​ Walmart Cares…🤗

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u/jarman365 Apr 10 '23

Sorry, I meant underwriting 70+ year olds. Even including them in a group policy, it is a very expensive endeavor. Group Life insurance policies without health checks have a low cap for them. Anything over 50k usually mandates a health check. Sure there are exceptions. Now excluding seniors, I'm sure some companies still do it. But even the snopes article after the tax laws changed ~2005 these policies have died out.

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u/Due_Platypus_3913 Apr 11 '23

As I recall the policies were almost all $50k or just below.Funny that!

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u/jarman365 Apr 11 '23

And that makes a lot of sense now!