Affordable Life Insurance Protection for Your Family
What Is Funeral Insurance?
It’s a type of permanent life insurance policy that provides a small amount of insurance coverage, usually anywhere from $3,000 up to $25,000. People use the proceeds from these insurance policies to pay for the costs associated with a funeral, burial and other related final expenses.
Funeral expense insurance is also referred to as burial insurance, final expense insurance, or end of life insurance.
Why Should I Buy Funeral Expenses Insurance?
There are several key reasons for purchasing a funeral plan,
If there won’t be enough money in your estate to pay for your funeral, then it’s generally a good idea to get funeral coverage.
What Does It Cost for a Funeral?
The cost of a funeral and related expenses will depend on the type of funeral you wish to have.
According to the National Funeral Directors Association (NFDA), the average cost of a funeral in 2019 was $7,640. The amount can represent an impact in the family savings if they are not prepared.
Source: NFDA (National Funeral Directors Association)
How Much Does Funeral Insurance Cost?
The premium you are charged for a funeral expense policy will depend on your age, gender and the amount of insurance you need.
Some plans can vary in price from $10 per month up to $50 or more per month.
However, one highly-rated insurance company offers plans starting for as little as $8.80 per month.
Here's how to request a funeral insurance quote.
Common Funeral Related Expenses
When to comes to planning a funeral, there are several common expenses, including:
How Much Insurance Can I Buy to Cover Funeral Costs?
The amount of insurance available through any one specific insurer for funeral costs may vary from $2,500 up to $20,000 or more.
However, if you need more coverage, you may buy a policy from more than one insurance company.
United of Omaha offers up to $25,000 of insurance for funerals.
Is a Health Exam Required to Get Funeral Coverage?
That depends on the type of funeral plan you purchase.
However, some insurers offer no exam funeral insurance policies.
What If I Have Health Problems?
That’s okay. There are funeral life insurance plans available with no health exams required and no health questions asked.
What If I Change My Mind?
Each funeral life insurance policy comes with a Free Look Period which is state regulated and mandatory. The duration of your Free Look period will vary by state. However, some insurers offer a 15, 20 or 30-day free look period.
United of Omaha has a 60 day 100% No Risk, Free Look period. If you change your mind for any reason, you have up to 60 days after receiving your policy to return it to the insurance company for a full refund of all premiums paid.
What If I Have Been Turned Down by Other Insurers?
Which are The Best Funeral Expenses Insurance Carriers?
Today there are several highly-rated insurance carriers that offer affordable coverage for funerals. Some of the leading providers of funeral expense plans include:
United of Omaha
Funeral Insurance Quotes
Top Pick – United of Omaha
United of Omaha offers guaranteed acceptance whole life insurance for people age 45 to 85. Choose $3,000 up to $25,000 of coverage. Rates start as low as $8.80 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.
Highly Recommended – Met Life
MetLife offers guaranteed issue life insurance for people age 45 to 75. Choose $2,500 up to $20,000 of coverage. Rates start as low as $10 per month. There’s no medical exam and no health questions. You cannot be turned down.