Category: Age 60

Forever 60, notable individuals who died at age 60

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May 14, 2015

9:50 AM

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60 years old, Age 60

Theodore Roosevelt in 1918
Theodore Roosevelt in 1918

Amerigo Vespucci,  Italian explorer

Bill Graham, American concert promoter, The Fillmore, helicopter crash

Gary Cooper, actor, prostate cancer

Leon Trotsky, Russian revolutionary, writer, assassination

Robert Lowell, American Poet, heart attack

Stephen Jay Gould, American scientist, author “It’s a Wonderful Life”, lung cancer

George S. Patton, US Army General, complications auto accident

Theodore Roosevelt, 26th US President, writer, explorer, naturalist, blood clot lungs, January 6, 1919

Van Heflin, actor, heart attack

Syd Barrett, English musician, Pink Floyd, pancreatic cancer

Buddy Miles, US musician, congestive heart failure

Sergio Leone, Italian director, heart attack

Mahalia Jackson, gospel signer, heart failure, diabetes

Calvin Coolidge, 30th US President, coronary thrombosis

Walter Tetley, American voice actor, voice of Sherman in The Bullwinkle Show, after never fully recovering from motorcycle accident injuries

Jim Carroll, poet, musician, author “The Basketball Diaries”, heart attack

Peter Finch, British born Australian actor, heart attack

Bob Fosse, dancer/choreographer, heart attack

Amanda Blake, actress, Miss Kitty on Gunsmoke, AIDS

James J. Kilroy,  shipyard inspector  “Kilroy was here”

Anthony Perkins, actor, AIDS

Benedict Arnold, turncoat general American Revolutionary War, dropsy

Susan Strasberg, actress breast cancer,  along with 10 other notables due to breast cancer

Winthrop Rockefeller, governor Arkansas, cancer of the pancreas

Murray “the K” Kaufman, New York City disc jockey, cancer

R. J. Reynolds, III,  emphysema

Allison Doupe, American neuroscientist, cancer

John J. McGraw, baseball player and manager NY Giants

Shemp Howard, actor and comedian, the Three Stooges, heart attack

Tom Mix, American Actor, car accident

Peter Grant, English, manager Led Zeppelin, heart attack

John Constable, British artist, apparently heart failure

 

Life insurance: needed and inexpensive

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January 24, 2013

1:42 PM

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10 year term, Age 60, In your 40's, In your 50's, level term, preferred best, Preferred best rates, Preferred Plus Rates, preferred rate, rate classifications, standard, Standard Plus, term, term life rates

Morning Interior Maximilien Luce, 1890

My American consumers evidently have a limited understanding of life insurance, but life insurance is really not all that difficult.  A competent agent can explain the basics in a few minutes.  Most people need term life insurance which for most is inexpensive and has a fixed rate for decades.  For example age 50, $250,000, 10 year term is $21.12 a month at preferred plus and $38.35 a month at standard; age 60, $250,000, 10 year term is $43.09 at preferred plus and $75.38 a standard.

It boils down to recognizing the need for coverage.  Does someone depend on your income?   What would happen to your children or spouse if you died?  What are your family’s needs for estate planning?

It’s hard to consider one’s own death, but that becomes easier as you get older because people you know start dying.  This usually starts in high school and accelerates in your 40’s and 50’s.

Applying for life insurance, even if you regularly see a doctor, gives you a broader understanding of your health.  Life insurance, fully underwritten, the least expensive kind, requires a blood test and often a review of medical records, all at no cost to the applicant.  The carrier then determines a risk classification: preferred best, preferred, standard plus, standard or substandard.  It’s objective with measurable criteria.  That decision can be very revealing because often doctors do not adequately inform patients of their risk, and people often do not know or adequately understand the state of their health.

Permanent life insurance more suitable for seniors than term

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June 6, 2011

12:50 PM

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Age 60, Age 61, Age 62, Age 63, Age 65, Age 66, Age 67, Age 68, Age 69, Age 70, Age 71, Age 72, In your 70's, In your 80's, Product

Over the last few days, I compared life insurance websites for seniors in ages 60 through age 72 by Google searching life insurance and adding an age, “life insurance age 68”  for example.   It’s misleading for those in their 60’s and 70’s to see at the top of Google’s list websites with term life insurance given such prominence. Term is not usually the right product for seniors.  The primary purposes of term are to replace lost income or settle an outstanding debt like a mortgage.   Sure if you have less than 10 years to go on a mortgage, term life insurance might make sense.   I would surmise term gets promoted and sold simple because it’s less expensive.  But if one buys term in your 60’s or 70’s, chances are you will outlive your term, and then you’ve paid all that premium for nothing.  Even if you take the best term out there, Genworth, and have the option to convert to a fixed rate universal life, you have to pay higher premiums as your age goes up.

For the majority of people in their 60’s and 70’s permanent life insurance is the most suitable coverage.  If at all healthy, guaranteed universal life insurance is the best.  Coverage starts at a $25,000 benefit amount, and premiums are affordable.  North American has an excellent G-UL right now.   There are also small whole life policies, called simplified issue because there is only a short questionnaire and no blood term.  Coverage starts at a $2,000 a $3,000 benefit amount.   Either choice is better than term because it’s fixed rate coverage for life.