Does Life Insurance Pay for Funeral Expenses?
Yes, the death benefit payout from a life insurance policy can be used to pay for your funeral and burial expenses.
When purchasing a life insurance plan, you select a beneficiary or beneficiaries, and that person(s) may choose to use the death benefit proceeds from your insurance to pay for the cost of your funeral.
Life insurance for funeral costs provide the security your family needs, when they need it most.
Funeral life insurance (also known as burial insurance or final expense insurance) is a type of life insurance policy providing from $2,500 up to $25,000 of protection, a simple application form, and hassle-free underwriting to get insured.
Funeral expense coverage can help you provide your family with the money needed to pay for your funeral, burial, headstone, memorial service, and any other final expenses resulting from your death.
You can request a free funeral insurance quote now.
According to the 2021 funeral price survey by the National Funeral Directors Association, the average cost of an adult funeral is around $7,848.00. This is based on the most commonly selected items for a traditional funeral including a casket and vault.
What are Funeral Expenses?
They are costs related to your passing, such as, your funeral, burial, casket, memorial service, and other costs.
How Much Does Funeral Insurance 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. Get a free quote now.
Is a Medical Exam Required to Buy a Funeral Policy?
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 Apply for My Funeral Expenses Policy Today?
Yes, you may request your free quote and apply today for your final expense life insurance policy. In fact, it only takes about 15 minutes for apply online.
Which Insurance Company Offers Funeral Expense Coverage?
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 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 45 to 85 up to $25,000 of simplified life insurance coverage with no health exam required and no health questions asked.
If you are between 45 to 85 (50-75 in NY) 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.
Life Insurance Quotes for Funeral Expenses
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.
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Disclosure: Compensated Affiliate