Guaranteed Issue Cremation Insurance – No Exam, No Health Questions (Ages 45-85)
Navigating the world of insurance can be daunting, especially if you’re on the lookout for something specific like cremation insurance with no medical exam.
Fortunately, there are options out there tailored for people who want simplicity and accessibility at the forefront.
If you’re over 50, possibly dealing with pre-existing health conditions, and are looking for a hassle-free way to ensure your end-of-life expenses are covered, this guide is tailored just for you.
Guide to Buying Cremation Life Insurance with No Medical Exam
Quick Review
Yes, you can obtain cremation insurance without undergoing a medical exam. Many insurance providers offer simplified issue policies specifically designed for final expenses, including cremation costs, which do not require a medical examination.
These policies typically have a straightforward application process with a few health-related questions (or none at all) and are aimed at providing quick coverage to help cover end-of-life expenses.
However, premiums may be higher compared to policies that require a medical exam, and coverage amounts might be limited.
Guaranteed Issue Cremation Life Insurance
First up, let’s discuss Mutual of Omaha. This reputable provider offers a guaranteed issue life insurance policy without the need for a medical exam. It’s a boon for those who want to bypass the traditional barriers of lengthy, intrusive examinations.
With Mutual of Omaha, you can secure coverage from $2,000 up to $25,000. Offering ages 45-85 the chance to ensure their loved ones aren't burdened with funeral costs, this policy has several benefits. Get a FREE Quote.
Benefits of Cremation Life Insurance
Consider these benefits of Mutual of Omaha's guaranteed issue policy:
- Permanent Lifetime Protection: Your policy will be active for your lifetime as long as premiums are paid.
- Death Benefit: Payable to your beneficiaries to cover costs like funeral expenses.
- Cash Value Accumulation: Over time, your policy accumulates cash value that can be borrowed against.
- Fixed Premiums: The premiums you pay remain constant, providing financial predictability.
- Legacy and Peace of Mind: By planning with this policy, you ensure your family has less to worry about financially.
Limitations of Cremation Life Insurance
Of course, no policy is without its limitations. Here are some of Mutual of Omaha’s guaranteed issue policy limitations:
- Higher Premiums: These policies come at a higher cost compared to traditional policies due to the lack of medical underwriting.
- Graded Benefit Period: Typically, full benefits are not paid out until a couple years into the policy.
- Lower Coverage Amounts: The coverage is often lower, aimed to only cover final expenses.
Top Cremation Life Insurance Provider
Mutual of Omaha
- Guaranteed Acceptance: Ages 45-85 (50-75 in NY)
- Coverage Amount: $2,000 up to $25,000
- Two year waiting period limited death benefit
- No physical exam
- No health questions asked
- 30 day money-back guarantee
- Policy builds cash value, loan available
- Lifetime protection
- Premiums never increase, coverage never decreases
Cost of Cremation Life Insurance
For a 70-year-old male or female in excellent health and non-tobacco user seeking $5,000 coverages from each provider, expect to find Mutual of Omaha slightly more affordable.
Monthly premiums might range around $32-$48, slightly varying by gender and coverage amount.
Sample Rates for Cremation Insurance
Cost of $5,000 coverage, age 70, excellent health, no-tobacco use:
Mutual of Omaha
- Male: $43.85
- Female: $32.45
- Get a FREE Quote
Gerber Life
- Male: $50.05
- Female: $38.23
How Much Does a Cremation Cost?
Sample Rates for Cremation:
Direct Cremation – $2,202.00
Includes transportation from place of death (within 45 miles) to crematory, filing documents, cremation permit, cremation with container, and a temporary container for the cremated remains.
In addition, many people choose to have a memorial service, wake or funeral when choosing cremation, rather than a burial. These additional services may cost up to $2,000 or more.
Cost of Cremation and Related Expenses
Cremation costs an average of $2,000-$4,500 as compared with a traditional burial, which averaged $8,394 in 2024, according to the National Funeral Directors Association.
Cremation services can be provided either by a funeral home or directly through a crematory, which is usually the less expensive option.
In addition to the cost of the actual cremation, there are some compulsory costs associated with the cremation process.
Full Service Cremation – $6,250
Full Service Cremation includes a visitation or wake prior to the funeral, a service at either church or funeral home chapel and basic cremation services, which include removal of deceased from the place of death, transfer to the crematory, and cremation services. The average cost of a cremation casket is included. Unless an urn has been purchased separately, the ashes are generally returned to the family in a cardboard box.
Direct Cremation – $2,202
Direct Cremation includes removal of the deceased from the place of death, transfer to the crematory, and cremation services. The average cost of an alternative cremation container is included. Unless an urn has been purchased separately, the ashes are generally returned to the family in a cardboard box.
Cremation and Related Final Expenses
Here are some Sample Costs for Cremation and Related Expenses:
- Basic Services - $2,000
- Transfer to Funeral Home - $310
- Other Preparations of the Body: $250
- Ceremony - $465
- Viewing - $420
- Service Car/Van - $143
- Cremation Fee - $350
- Cremation Casket - $1,000
- Urn - $280
- Pamphlets / Prayer Cards - $155
Cost of Cremation Related Expenses
Planning ahead is key, especially with end-of-life expenses. It’s crucial to understand the range of costs associated with cremation.
Here’s a complete breakdown:
- Basic Services Fee: Around $2,000 - $2,500 for professional services.
- Transportation Costs: Average $300 - $500 for pick-up and transportation.
- Cremation Fee: Generally $250 - $400.
- Urn: Can range from $50 to several hundred dollars based on design.
- Memorial Service Costs: $500 - $1,000 if held.
- Death Certificate Fees: Usually $10 - $20 per copy.
Reasons to Buy Cremation Insurance
Among various insurance types, cremation life insurance with no medical exam stands out due to its accessibility.
It's especially appealing if you've been turned down by traditional insurers or simply wish to avoid a medical exam.
Let’s explore some common reasons people opt for cremation life insurance:
- Pre-existing health conditions: No worries about getting declined.
- Quick and easy application: Simplifies the process with fast approvals.
- Fixed financial planning: Matches estimated cremation costs ($1,000-$7,000).
- Avoids family burden: Eases financial strain on loved ones.
Real-Life Examples of Cremation Insurance
Let’s dive into real-life examples to give you a clearer picture of how individuals utilize guaranteed issue cremation insurance:
- Mr. Thompson, age 68, was rejected from several traditional life insurers due to diabetes. With a Mutual of Omaha policy, he secured $15,000 coverage, focusing on future cremation costs and leaving no debt for his kids.
- Ms. Lila, age 72, desired coverage after witnessing her close friend's family struggle financially. She applied for a $10,000 policy with Gerber Life that provided peace of mind quickly without any exams.
- Mr. Hendricks, a retired veteran, sought a plan to cover basic cremation costs. He opted for a $5,000 policy, knowing it would alleviate his family’s financial concerns.
Is Cremation Life Insurance Right for You?
So, is cremation insurance right for you?
It largely depends on your current health, financial situation, and preferences:
- If you have health issues limiting your insurance options.
- If budgeting for specific end-of-life expenses appeals to you.
- If peace of mind about covering final expenses is a top priority.
How to Buy Cremation Insurance
Should you decide to move forward, here are the steps involved in buying cremation life insurance:
- Research: Start with providers like Mutual of Omaha, Gerber Life, or Colonial Penn. Read reviews and compare offerings.
- Determine Coverage Needs: Based on estimated cremation costs and your budget.
- Request Quotes: Directly from insurers or through insurance brokers for comparisons.
- Complete Application: Fill out necessary forms—for no-medical-exam policies, this part is swift.
- Confirm Acceptance: Understand the terms of acceptance and policy provisions.
- Choose Beneficiary: Assign who will receive the payout.
- Pay First Premium: Finalize the policy activation.
Peace of Mind
It’s clear why many choose this path—cremation insurance with no medical exam advocates for peace of mind without the complexity or approval fears of traditional insurance.
Significant statistics from the Life Insurance Marketing Research Association (LIMRA) show a trend towards these specific policies, with a notable increase in applications due to their accessibility. More seniors now seek straightforward solutions that fit the urgency of end-of-life planning.
Mutual of Omaha offers competitive plans without medical underpinnings. They provide fast coverage, financial predictability with fixed premiums, and peace of mind knowing that your family won’t be weighed down by sudden funeral expenses. With simplicity at its core, buyers are turning to these options to ensure burdens aren’t left behind.
Summary
It’s about ensuring your final wishes are met without straining your loved ones. Leaving no questions unanswered and preparing for usual hurdles fosters a more humane, compassionate approach to end-of-life planning.
Now that you understand the ins and outs of opting for cremation insurance without the medical exam, it’s time to put that knowledge into action.
Whether you’re starting a policy search or ready to finalize a plan, these insights will guide your journey. Ensuring your loved ones are left with memories rather than expenses is a meaningful way to care for those who mean the most to you.
If you find yourself motivated by these conveniences and benefits, requesting a free quote is a step in the right direction. Knowing your precise financial requirements and planning accordingly doesn’t just provide peace of mind; it bestows a legacy of care and forethought.
Guaranteed Issue Cremation Life 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
Disclosure: Compensated Affiliate