Are You Shopping for a Final Expense Insurance Policy and Reside in the State of New York?
If so, it may be easier than you expect to get the coverage you need to pay for your final expenses.
In fact, one highly-rated insurer offers up to $25,000 of guaranteed issue final expense coverage for New Yorkers.
Burial and Final Expenses
Today the typical funeral cost around $8,755 according to a study on behalf of the National Funeral Directors Association. Among the funeral-related expenses included in a typical funeral are the following:
Final Expenses Insurance in New York State
Final expense insurance policies offer lower life insurance premiums and face values designed to cover the expense of a person's burial in New York, NY and final expenses.
A final expense whole life burial policy will never expire or increase in cost and ranges in face value from $5,000.00 to $50,000.00.
Most final expense burial insurance purchases are intended to cover the burden of final expenses of any individual so that those expenses don't pass on to their friends and family.
No medical exam is needed for a final expense burial policy. This no medical exam, final expense burial insurance coverage in New York, NY accepts most medical conditions and covers the insured for life so that it will be available when the funds are needed.
WHEN IS FINAL EXPENSE BURIAL INSURANCE IN NEW YORK RIGHT FOR YOU?
It is never too early to secure coverage for your final expenses. Burial and final expenses are inevitable for all of us.
There are several factors to consider for your final expenses including a funeral, floral arrangements, a burial site, burial casket and memorial stone. Additional expenses may include peripheral arrangements, such as, limousine services, food, and chauffeurs.
Funeral expenses can range from $5,000 up to $10,000 or more. Nobody wants to consider departing from friends and loved ones, but you don't want to put that financial burden on your loved ones either, especially when they are mourning your death. It’s important to consider those who will remain and will need assistance with your paying for your funeral arrangements and related expenses.
A final expense burial insurance policy in New York will provide the funds needed to assist your friends and family with your end of life costs. We never know what the future holds but It is always better to be prepared than to wait until the last minute and risk leaving the financial burden to loved ones. Take action today so that you don't leave the financial burden of your burial and final expenses on your family and friends. Coverage for burial and funeral costs is affordable and let’s your loved ones know you cared enough to make sure they were not burdened by your passing.
What are Burial and Funeral (Final) Expenses?
They are costs related to your passing, such as, your funeral, burial, casket, flowers, embalming, headstone, transportation, memorial service, and other related costs.
How Much Does Life Insurance for Burial Expenses Cost?
It can be affordable, or cost more for some people depending on how old you are when you buy your policy, and how much coverage you purchase. Request a free quote.
Do I Need to Take a Medical Examination to Qualify?
No, generally you are not required to take a physical exam when you apply for life insurance to pay for final expenses. However, there may or may not be some health questions to answer.
Can I Buy Final Expenses Coverage for My Spouse, Too?
Yes, you may request your free quote and apply today for your final expense life insurance policies for you and your spouse.
What Company Offers Life Insurance for Burial and Funeral Expenses?
There are several insurance carriers that offer life insurance plans to help you provide for your final expense costs. Some of the leading insurers include Mutual of Omaha, Met Life, AIG, AAA Life and Colonial Penn, among others.
Mutual of Omaha is rated "A+" Superior for financial strength by AM Best Company. The financial rating of your life insurance company is important because you want them to be around when the time comes to pay out on your life insurance policy.
Mutual of Omaha offers people ages 50 to 75 up to $25,000 of simplified life insurance coverage with no health exam required and no health questions asked.
If you are between 50 to 75 you cannot be turned down due to health reasons.
And, you have a money-back guarantee. They provide a 30-day money-back guarantee if you are not satisfied with your policy.
You can apply for final expense coverage for you and your spouse if you are married.
You can choose coverage from $2,000 up to $25,000 which will provide your family with the money needed to pay for your funeral, burial and final expenses and anything else they need.
Burial Insurance in New York
Prices are usually high in New York, and that includes the cost of a funeral and burial. Many local families decide to purchase a burial policy in New York to make certain there is enough cash available to cover the cost of funeral arrangements.
You can find a final expense plan for people over 70, so it is not too late to make sure your family gets protected.
One advantage of buying a burial life insurance policy for seniors in New York is that the beneficiary of the plan can use the proceeds in any way he or she sees fit.
Statistics for New York Funerals and Burial Insurance
The Cost of Final Expenses Insurance in New York
New York burial insurance companies base their monthly prices on age, health, and benefits.
New York Final Expense Sample Rates – Female, Age 50, Non-Smoker
These are only sample burial insurance monthly rates, and they might vary because of the company, location, or underwriting.
While adult children are free to pay premiums for their elderly parents, the individual who gets covered has to get included in buying a burial policy. That person may need to sign the application for coverage.
Also, paying by ACH deductions from a savings or checking account is the safest option to ensure the final expenses plan will not lapse because of a missed premium payment.
Can Everyone Buy Final Expense Insurance Plans in New York?
Almost everybody can qualify for some type of burial policy, and the good news is that some plans that are marketed to seniors will accept people over 70.
There are two kinds of burial plans, and it is important to try to apply for the right one for your needs:
Guaranteed Acceptance Life Insurance: You do not have to answer any health questions, and every qualified applicant gets accepted.
Simplified Issue: You must honestly answer a few health questions, and people with very serious illnesses might get declined.
Why would anybody want to answer questions if they can find another burial insurance policy in New York that does not require medical information?
Typically, answering questions helps qualify relatively healthy people for cheaper prices. Also, guaranteed acceptance policies may have a two to three year waiting period before they will pay the entire death benefit, and before that, they may only pay a percentage of the benefit or return payments.
New York Final Expense Insurance Quotes
Top Pick – Mutual of Omaha
Mutual of Omaha offers guaranteed acceptance whole life insurance for people age 50 to 75. 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.
Can I Buy Final Expense Insurance for My Parents?
Final Expense Insurance in New York State
Mutual of Omaha vs. AARP New York Life
Disclosure: Compensated Affiliate