Are you looking for burial insurance? Whether you’re over age 50 or planning for your funeral and final expenses, many people each day are considering the purchase of a burial plan. However, but they may be under the impression that once they reach their 60’s or 70’s they are too old to get affordable insurance to pay for their funeral.
According to the National Association of Funeral Director’s (NFDA.org) 2010 General Price List Survey, the average cost of an adult funeral is $6,560, not including cemetery and monument/markers.
Thinking about your own funeral leaves most people feeling a little uneasy, but more adults are finding that pre-planning their funeral offers great emotional and even financial security for them and their families.
You may believe you’re to old or have health issues that would keep you from qualifying for life insurance because maybe you wouldn’t pass a physical exam required by a life insurance company.
Or, maybe you believe you wouldn’t benefit from buying a plan to provide for your burial costs and funeral.
If you have loved ones you want to provide for after you’re gone, life insurance can be the financial tool to accomplish your goal. Burial plans can provide money for your family to help pay for your funeral, burial expenses, and pay off any debts you may leave behind.
But, how can you get affordable burial and funeral insurance?
One way is to compare life insurance quotes for the amount of coverage you feel you need. Whether it’s $7,500 or $50,000 of coverage, you can request free life insurance quotes online from a quote service on the internet.
Online insurance quote providers can also connect you with local brokers in your area to help you compare rates and apply for coverage if you choose.
One type of burial plan available today is simplified issue life insurance. This type of coverage offers up to $30,000 of life insurance with no medical examination required. To qualify you answer some health questions and your answers will help the insurance company to determine if you qualify for coverage.
You answer some basic questions and the quote provider gives you an instant quote. If you like your quote you can apply online and begin your insurance plan the same day. You can even get coverage for your spouse, if needed.
Some of these policies are offered by well-known insurance companies, including Globe Life, Colonial Penn, Mutual of Omaha, and New York Life, among others.
It’s important to understand some of these insurance policies are graded benefit plans, meaning your full coverage does not take effect until you have been insured for at least 2 years.. However, with Globe Life Insurance the full coverage starts from the first day you buy your policy.
You may want to compare rates and plans from several insurance companies to find the most affordable burial and funeral insurance coverage. Make sure to consider the A.M. Best financial strength rating of the carrier. Look for a company with a financial rating of “A” excellent, or better. This rating indicates the insurance company’s ability to meet their financial obligations.
For more information see this page.