Guaranteed Acceptance Cremation Insurance for Seniors 70+ (No Exam, No Health Questions)

Navigating the world of cremation insurance can feel overwhelming, especially for seniors over 70 who are seeking a straightforward and affordable way to handle final expenses.

Cremation insurance policies, often structured as guaranteed issue life insurance, offer a viable solution for forethoughtful end-of-life planning.

These policies are particularly appealing due to their simplified application process, eliminating the need for medical exams and offering guaranteed acceptance within certain age ranges, typically from 45 to 85 years old, including seniors over 70.

Guide to Cremation Insurance for Seniors over 70

Quick Review

Cremation insurance policies for seniors over 70 are specialized life insurance plans designed to cover the costs associated with cremation and related funeral expenses.

These policies typically offer lower coverage amounts compared to traditional life insurance, making them more affordable for seniors on a fixed income.

They often feature simplified underwriting processes, meaning applicants may not need to undergo medical exams, and acceptance is generally easier.

The primary goal is to alleviate the financial burden on family members by ensuring that cremation costs are covered, providing peace of mind for both the policyholder and their loved ones.

Guaranteed Issue Cremation Life Insurance

Guaranteed issue life insurance policies are tailored for those who may find traditional insurance options prohibitive due to age or health concerns.

They provide peace of mind with coverage options ranging from $2,000 to $25,000.

Such policies are designed to assist in covering cremation costs and other final expenses, providing significant financial relief to beneficiaries.

By opting for coverage, seniors can ensure that their loved ones won’t have to worry about these costs.

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Benefits of Cremation Life Insurance

Let's look at some benefits of guaranteed issue cremation life insurance:

• No Medical Exam Required: Acceptance is guaranteed regardless of health status.
• Age Inclusivity: Perfect for seniors, particularly those over 70.
• Simplified Underwriting: Quick application process with minimal paperwork.
• Permanent Lifetime Protection: Coverage does not expire as long as premiums are paid.
• Fixed Premiums: Premium rates remain the same throughout the policyholder’s life.

Limitations of Cremation Life Insurance

However, there are limitations:

• Limited Coverage Amounts: Maximum coverage typically capped at $25,000.
• Graded Death Benefit: A two-year waiting period where only accidental death is fully covered immediately.
• Higher Premiums per Dollar of Coverage: Compared to traditional policies, the cost can be higher due to age and risk factors.

Top Guaranteed Issue Cremation Insurance Provider

Mutual of Omaha

1. Guaranteed Acceptance: Ages 45-85 (50-75 in NY)
2. Coverage Amount: $2,000 up to $25,000
3. Two year waiting period limited death benefit
4. No physical exam
5. No health questions asked
6. 30 day money-back guarantee
7. Policy builds cash value, loan available
8. Lifetime protection
9. Premiums never increase, coverage never decreases

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Cost of Cremation Life Insurance

Cost comparison is crucial when selecting a policy.

For a $5,000 guaranteed issue cremation insurance policy, Mutual of Omaha provides coverage with competitive premiums for both male and female applicants at 70 years of age.

For males in excellent health, premiums typically hover around $44 per month, while Gerber Life's equivalent could range slightly higher due to varied underwriting criteria.

Females might find similar differences but often enjoy slightly lower premium rates due to longer life expectancy.

Sample Rates for Cremation Insurance

$5,000 coverage, age 70, excellent health, no-tobacco use

Mutual of Omaha

• Male: $43.85
• Female: $32.45
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Gerber Life

• Male: $50.05
• Female: $38.23

How Much Does a Cremation Cost?

Planning for end-of-life expenses is not only a practical but also an emotional undertaking, driven by the desire to relieve family members of financial burdens.

The average cost of cremation in the United States ranges between $2,000 and $4,500, a more economical option compared to traditional burial, which averaged $8,394 in 2024, according to the National Funeral Directors Association.  

Typically, this cost includes the crematory fee, a basic urn, a death certificate, and transportation.

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

Planning ahead is key, especially with end-of-life expenses. It’s crucial to understand the range of costs associated with cremation.

Here are some Sample Costs for Cremation and Related Expenses:

• Basic Services Fee: Around $2,000 - $2,500 for professional services.
• Transportation Costs: Average $300 - $500 for pick-up and transportation.
• Other Preparations of the Body: $250
• Ceremony - $465
• Viewing - $420
• Service Car/Van - $143
• Cremation Fee: Generally $250 - $400.
• Cremation Casket - $1,000
• Urn: Can range from $50 to $280 or more based on design.
• Pamphlets / Prayer Cards - $155
• Memorial Service Costs: $500 - $1,000 if held.
• Death Certificate Fees: Usually $10 - $20 per copy.

Eligibility Requirements

In-depth understanding of policy details ensures informed decision-making.

• For seniors over 70, eligibility for guaranteed issue cremation insurance requires the policyholder to be a U.S. citizen and capable of paying necessary premiums.
• Importantly, a two-year waiting period often applies, meaning benefits for non-accidental death are limited initially.
• However, accidental death benefits are accessible from day one of coverage.

Common Reasons to Buy Cremation Insurance

Making informed decisions involves weighing the reasons to purchase cremation insurance:

• Financial Security for Loved Ones: Alleviating financial burdens on family members.
• Predictable Costs: Fixed premiums fit well within a budget, safeguarding against inflation.
• Guarantee of Coverage: Assurance of coverage regardless of changes in health or age.
• Immediate Coverage for Accidental Death: Offers early peace of mind.

Is Cremation Insurance Right for You?

• Consider your current financial standing, future needs, and desire to plan ahead when making this decision.
• If you have existing life insurance that sufficiently covers end-of-life expenses, additional coverage may not be necessary.
• However, if you’re seeking an affordable solution that guarantees coverage despite health concerns, cremation insurance might be a prudent option.

How to Buy Cremation Insurance

Here’s a streamlined guide to buying cremation insurance:

• Assess Needs: Determine the coverage amount needed for cremation and any additional costs.
• Research Providers: Explore options from reputable insurers like Mutual of Omaha and Gerber Life.
• Compare Quotes: Look for competitive pricing and coverage terms.
• Read Policy Details: Understand all terms, including the waiting period and premium schedule.
• Consult Family/Friends: Discuss your options with trusted family members or advisors.
• Purchase Policy: Complete the application process, make first premium payment, and keep the policy in a safe place.

Compare Plans

Although cremation insurance plans offer a practical solution to managing final expenses, they belong to a broader array of financial products.

Final expense insurance, prepaid cremation plans, and guaranteed issue life insurance, while slightly varied in focus, all aim to deliver financial peace at life’s end.

Seniors researching cremation insurance often compare it to burial insurance, noting that cremation generally incurs lower costs. Plus, with the insufficient $255 Social Security death benefit, exploring additional insurance becomes essential.

Those already managing chronic illnesses appreciate no medical exam policies, a feature of guaranteed issue coverage that eliminates health screenings.

Peace of Mind

The emotional burden of end-of-life arrangements can be taxing for families, making cremation insurance a heartfelt consideration for many. Adult children may benefit greatly from knowing their parents' affairs are in order, further motivating their pursuit of such coverage.

Summary

If you’re seeking an affordable, guaranteed solution for cremation expenses and a means to ease potential burdens on loved ones, cremation insurance for seniors over 70 may be the answer.

Start by requesting a free quote from insurance providers and find a plan that delivers both financial relief and peace of mind for you and your family. Take that first step today toward dignified end-of-life planning.

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