Burial Insurance in Ohio
Can I Buy Burial Insurance in Ohio?
Yes, whether you live in Cleveland, Cincinnati, Toledo, Akron, Dayton, Canton, Youngstown, or anywhere else in the state of Ohio, you may purchase burial insurance coverage.
You have several options to choose from in purchasing burial insurance in Ohio, including buying coverage over the internet, calling a life insurance carrier direct, or contacting an insurance agent in your area to request information and a free price quote for your policy.
Burial Insurance is available to all citizens of Ohio who meet the requirements for approval. There may be some age restrictions which vary by insurance carrier.
However, several insurers offer burial expense life insurance plans for people between the ages of 45 to 85. Some of the leading providers of burial policies include Mutual of Omaha, Gerber Life, Met Life, AIG and AAA, among others.
If you are looking for Ohio burial insurance coverage then you should know what your options are. Burial insurance, also known as funeral insurance or final expense insurance, is basic life insurance coverage that is typically used to pay for funeral, burial and end of life expenses. It can also be used for other expenses such as taxes, probate fees, and other final bills that are left behind.
How a Burial Life Insurance Policy Works
Burial insurance is always a simplified issue whole life policy that has a small face value and very limited underwriting.
These burial plans are easy. They come with the following benefits:
- Fixed Monthly Premiums Never Increase
- Benefits will Never Decrease
- Policy will Never Expire
That’s all there is to these plans. When you pass away, they pay cash directly to your beneficiary(s) which gives them the funds to pay your final expenses, including the cost of your funeral and burial.
Burial Insurance
Usually, burial life insurance coverage is a type of permanent life insurance that provides a limited amount of life insurance protection that lasts your entire lifetime.
With Burial Plans, you select the amount of coverage you need and there is no health exam or health questions required. These plans are called "Guaranteed Issue" because they guarantee approval for anyone who meets the age requirements for acceptance.
Amount of Coverage Available
The amount of insurance for burial coverage available will vary by insurer, usually from $3,000 up to $25,000. Note, if you need more insurance, you may purchase a policy from more than one insurance company.
Age Requirements to Get Insured
The availability of burial expense plans may vary by insurer, but could be 45-75, 40-80, or even 45-85 years of age, to get guaranteed approval insurance for burial and related expenses.
Can I Get Burial Insurance for My Spouse?
Yes. If you are married, you have an Insurable Interest in your spouse, and you may purchase burial coverage on him or her. You can get a burial policy for yourself, and a separate policy on your spouse.
What If I Change My Mind?
Each life insurance policy comes with a Free Look Period, based on the state requirements in your state of residence. This basically gives you a Full Refund of all premiums paid if you return your policy within the Free Look Period, which may vary from 10 days up to 30 days, depending on the state and the insurance company.
Burial Insurance in Ohio Statistics
- Expected OH life span: 77.8 years old
- Typical cost of a OH funeral and burial: Over $8,000
- Typical cost of a OH cremation package: From under $1,000 to over $2,000
While cremations are becoming increasingly popular because they usually cost a lot less than a traditional burial, families may incur extra expenses to hold a service as with any funeral.
A final expense burial policy can make certain that your family has plenty of money to plan a dignified funeral and pay other bills like travel expenses or feeding guests; as well as, paying for the cost of your burial.
Ohio Life Expectancy
The average Ohio resident lives to be 77.8 years old.
Leading Causes of Death in Ohio
The leading causes of death in the state of Ohio are:
- Heart Disease
- Cancer
- COVID-19
- Accidents
- Stroke
- Chronic Lower Respiratory Diseases
- Alzheimer's Disease
- Diabetes
- Kidney Disease
- Septicemia
Here’s the thing to remember when you look at the health issues on that list.
No matter what pre-existing health condition you may have, you can get guaranteed approval burial life insurance coverage, if you meet the age requirements for acceptance.
Burial and Related Final Expenses
Here are some Sample Costs for Burial and Related Expenses:
- Metal Casket - $2,400
- Funeral Service Fee - $2,100
- Vault - $1,395
- Cremation Casket - $1,000
- Embalming - $725
- Cremation Fee - $350
- Hearse - $325
- Transportation - $325
- Urn - $275
- Cosmetic Preparations - $250
- Pamphlets / Prayer Cards - $160
- Headstone - $199 to $10,000
- Burial Plot - $1,000 - $4,000
- Flowers - $150 or more
What is the Average Cost of a Funeral in the USA?
It depends on whether you opt for a burial or cremation.
The average cost of a funeral and burial is $7,360, according to the latest data from the National Funeral Directors Association (NFDA). If you get a vault — required by many cemeteries — that number rises to $8,755. The average cost of a funeral and cremation is a little lower: $6,260.
Can Life Insurance Help Pay for a Funeral?
Yes. Your beneficiaries can use the payout from your policy to cover your funeral costs.
If you don’t have coverage in place yet, look into final expense life insurance — a permanent policy that’s specifically designed to pay for end-of-life costs, like a funeral, burial and unpaid medical bills.
Usually marketed to seniors over age 65, these policies are limited to smaller amounts that range from $5,000 to $25,000, and they don’t require a medical exam.
Guaranteed Life Insurance for Seniors in Ohio
Even people with preexisting medical conditions can buy a burial policy. Guaranteed life insurance for seniors asks no health questions.
However, the insured person has to outlive a waiting period in order to qualify for the entire death benefit. Before that, the policy might only refund previous payments or pay the beneficiaries a part of the face value.
You can also find simplified issue policies that ask a few health questions, and these are cheaper, offer an immediate death benefit, and might also offer more benefit choices. Also, some of these plans even offer life insurance to relatively healthy people over 80.
Ohio Burial Insurance Quotes
Top Pick – Mutual of Omaha
Mutual of Omaha offers guaranteed acceptance whole life insurance for people age 45 to 85. Choose $2,000 up to $25,000 of coverage. Rates start as low as $8.84 per month. There’s no medical exam and no health questions. You cannot be turned down. You can get a quote and apply online now. START HERE to get a FREE Quote.
- Your life insurance policy comes with a 30 day Risk-Free, Money-Back Guarantee
Resources:
- Can You Buy Burial Insurance for Your Mother?
- Can I Buy Life Insurance on My Dad?
- Can I Buy Burial Insurance for My Grandmother?
Compare Plans:
Burial Insurance for Your Parents
Disclosure: Compensated Affiliate