Where to Purchase Burial Insurance
If you need to know where to purchase burial insurance, then this article
will give you some insight on the differences among companies and how you can get a
quote for burial insurance.
Burial insurance is meant for one’s final expenses, mainly funeral
costs. These types of policies are typically simplified issue whole life.
That means that there is no physical exam required, and the face values are usually between $3,000 and $30,000. The
application has a set of questions (anywhere from 7 to 15 questions) about the applicant’s health history. If you
can answer "no" to the questions then you can be approved for day one coverage. If you answer yes to one or more of
the questions, your application will be further reviewed, and you will most likely be offered graded benefits where the face value of your policy isn't fully payable until
after year two.
Burial Insurance Companies
There are multiple companies available that cater to those in the senior market looking for small final expense
policies. Every company has different underwriting
requirements and standards, and the rates will differ among companies as well. It is best to speak with a
licensed agent so they can help you determine which company is right for your situation. A licensed agent will ask
you a few questions about your health history, what prescriptions you currently take, and your height and weight to determine which company will give you the
Health Issues and Burial Insurance
If you have health issues now or if you have had health issues in the past such as cancer, a heart attack,
stroke, or diabetes, you can still qualify for an affordable policy. It all depends on the time since the health
event as well as your follow up care. If you've had a recent heart attack, stroke, or cancer treatment, you might
still qualify for a guaranteed issue life insurance policy.
A licensed agent will be able to tell you which companies you are more likely to qualify for and what the rates
How Much Does Burial Insurance Cost?
The cost of a burial insurance policy will depend on your age, health, and the amount of coverage you want.
Get a free no obligation quote today and compare multiple quotes from the
nation's highest rated carriers. Remember that all life insurance carriers have different rates, so it pays to
compare when shopping for burial insurance.