Affordable Life Insurance Protection for Your Family
How to Get Senior Burial Expense Insurance Coverage
Are You a Senior in Need of Life Insurance to Pay for Your Burial Expenses?
If you’re a senior planning ahead for your final expenses you may be considering the purchase of a burial expense insurance policy.
A burial policy can ease the burden of paying for your final expenses, and no one wants their loved ones with financial difficulties due to their passing.
It’s important to make sure your final wishes are clear, and the funds are available to cover those costs, so your loved ones are not put in a position of financial hardship of any kind upon your passing.
A burial insurance plan can help make sure your end of life expenses will be provided for, without causing distress to your family, and give you the peace of mind knowing you have planned ahead.
Planning for a Burial
Preparing for one’s final resting place is a difficult decision, whether it’s choosing cremation or deciding to go with a more traditional burial.
Back in the 1980’s only about 15% of all Americans chose cremation, while most people preferred a traditional burial for their end of life wishes.
With rising funeral costs over the last several years, this trend has changed dramatically. For example, in 2011 about 41% of Americans chose cremation instead of a burial.
Today, the average cost of a burial, funeral and related expenses is around $7,848 according to a 2021 survey conducted on behalf of the National Funeral Directors Association.
Regardless whether you choose Cremation or Burial, a funeral policy is a good thing to have to protect you from the cost related to your final resting place.
How Would Your Family Pay for Your Burial and Related Final Expenses?
That’s where burial insurance can help.
Mutual of Omaha offers people age 45 to 85 up to $25,000 of whole life insurance to help pay for your burial, funeral and final expenses.
The proceeds from your insurance policy can be used for any purpose, including helping your surviving spouse or family members pay off your debt and pay for their living expenses.
Burial Insurance for Seniors
What are Burial Expenses?
They are costs related to your passing, such as, your funeral, burial, casket, memorial service, and other costs.
How Does Burial Expense Life Insurance Work?
It’s rather straightforward. You select the amount of insurance you need and apply for your policy. When purchasing coverage, you select the person or persons who will be beneficiary of your policy.
That means, they receive the death benefit and can use this money to pay for your final expenses.
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.
How Much Insurance Can I Buy for Burial Costs?
Many insurers offer up to $20,000 or more of burial expense life insurance protection. And, if you need additional coverage, you may purchase a plan from more than one insurance carrier.
Do I Have to Take a Physical Exam to Buy a Policy?
No. In fact, some life insurance policies for burial expenses offer coverage with no health exam.
What If I Have a Pre-Existing Health Condition?
That’s no problem. There are Guaranteed-Approval life insurance plans available to cover your burial costs.
What is Guaranteed Approval Burial Insurance?
It’s a type of permanent life insurance policy that provide lifetime protection. There’s no medical examination required to get insured. And, you won’t have to answer any questions about your health.
You are Guaranteed Acceptance If:
For example, United of Omaha offers up to $25,000 of guaranteed issue life insurance for people ages 45 to 85. And, coverage is available to everyone in the USA except in Montana.
What If I Change My Mind Later?
There is no risk with this life insurance coverage. A 30-day free look period guarantees your satisfaction. If you change your mind within 30 days, any premiums paid will be fully refunded.
Guaranteed Approval Burial Expense Coverage Provides:
How Do I Get Started?
You simply request your free burial insurance quote.
Burial Expense Insurance Companies
There are several highly-rated insurance carriers that offer burial insurance plans to cover the cost of end of life expenses, including:
Mutual of Omaha, AIG, MetLife, Colonial Penn, AARP/NewYork Life, AAA Life, AIG, Vantis Life, Fidelity Life, Gerber Life and John Hancock, among others.
They offer plans with coverage amounts starting at $2,000 of insurance.
These guaranteed-issue final expense plans provide guaranteed approval for anyone who meets the age requirements for acceptance.
What Company Offers the Best Senior Burial 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 United 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.
United 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.
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.
Every policy comes with a 30 day money-back guarantee. If you are not satisfied with your life insurance policy for any reason, simply return it within 30 days for a full refund of your money with no questions asked.
You can apply for a burial insurance policy for you and your spouse.
Burial Expense 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.