The burden of handling funeral and other final expenses can cause considerable stress after a love one passes away. To solve this problem, many families purchase burial insurance in Georgia. Burial insurance for seniors is very easy to apply for and comes with a monthly premium that is affordable for many seniors and their families. We can help you shop for Georgia final expense insurance. We offer online quotes, and all you need to do is enter your ZIP code to get started. We also offer personal service over the phone, and you are welcome to call us to speak with a licensed agent.
Burial Insurance in Georgia Quick Facts
- Expected life span: 75.27
- Median household income: $49,604
- Average cost of a funeral and burial: According to the Georgia Department of Human Services, an average funeral and burial in the state costs almost $10,000.
- Average cost of a cremation package: The same source says cremation packages can range from $700 to $2,500.
- Atlanta population: 420,003
- Columbus population: 189,885
- Savannah population: 136,286
- Athens population: 116,714
- Sandy Springs population: 93,853
Final expense insurance provides a way to pay one monthly premium in order to ensure that a family will have plenty of cash to handle funeral costs. Since these policies pay in cash, the recipients have the freedom to choose how they want to use the proceeds. If there is any money left over after funeral arrangements have been made, the beneficiaries might save it or spend it as they please.
Burial Insurance in Georgia Costs
Typically, premiums depend upon several factors like exact location, insurance company, and the age of the application. This is an example rate for a Georgian male who is 54 and does not use tobacco:
- Example $5,000 face value: $17.63
- Example $10,000 face value: $33.05
- Example $15,000 face value: $48.48
Please note: These are only example rates, and they could be subject to underwriting or change.
Who usually pays the premiums for funeral insurance?
In some cases, adult children offer to purchase a policy for elderly parents. In other cases, seniors pay the premiums themselves in order to relive their adult children of the burden of paying for a funeral. In any case, the person named as the insured person has to participate in the process. Companies might require a short phone interview or the insured person’s signature.
Is it Difficult to Qualify for Georgia Final Expense Insurance?
Burial insurance companies already know that they will be selling coverage to senior citizens, so they don’t expect all applicants to be in perfect health. Some of these policies do require you to answers health questions, but some do not. The best type of burial insurance policy really depends upon a person’s age and general health.
We Can Help You Find the Right Burial Insurance for Seniors
We advise clients to compare plans and companies to find the right coverage at the right price. Begin by providing your ZIP code in the form at the top of this web page, and you can see burial insurance companies that offer plans in your town or city. If you need more help, feel free to call us and ask to speak with an experienced agent. By providing online tools and professional service, we try to help all of our Georgia clients find the right financial solutions.