Buying burial insurance in Colorado can be a convenient and affordable way to plan ahead for the high cost of funerals in this state. Also called final experience insurance or funeral insurance, these plans are usually fairly inexpensive and easy to apply for. Furthermore, there are burial plans for almost everybody from about 50 years old to over 80 years old. Lots of insurers will offer to sell you a burial policy, but it is important to shop around for the coverage you need at the cheapest possible price. Enter your home ZIP code in the box at the top of this page to compare the best burial insurance companies in your Colorado town or city. If you would like more help, we have licensed and experienced agents who are eager to take your phone call.
Some Quick Facts About Burial Insurance in Colorado
- Expected CO. life span: 78
- Average household income: $58,244
- Average cost of funeral and burial packages: Over $8,000
- Average cost of cremation packages: About $2,000
- Denver population: 600,158
- Colorado Springs population: 416,427
- Aurora population: 325,078
- Fort Collins population: 143,986
- Lakewood population: 142,980
Having to pay for a funeral right after the death of a loved one can add an additional financial burden to a time that is already stressful. Burial insurance for seniors is one way to plan for this expense. Also, the policies pay benefits in cash, so any money that is left over can be used by the beneficiary in any way that he or she sees fit.
How Much Does a Colorado Burial Policy Cost?
Costs could vary because of exact location, age, health, and even insurance company. These are some example prices for a Coloradan who is male, 76, and does not smoke:
- $5,000 face value: $53.33
- $10,000 face value: $103.33
- $15,000 face value: $153.33
Note: These are example prices, and they are subject to underwriting or changes by each individual insurer. Some families decide to pay the premiums for their elderly parents. In other cases, seniors decide to purchase coverage on their own. In any case, the individual who will get covered needs to get involved in the application process. This usually does not take long, and it might simply involve answering a few questions over the phone or adding a signature to the form. Many older people are relieved to help their families plan for a dignified funeral.
Do Final Expense Insurance Policies Require Answers to Health Questions?
Burial insurance companies know that they market to elderly people who might not be in perfect health. Some plans require the answers to a few questions, but guaranteed acceptance burial plans do not require any health information at all. The right choice of plan really depends upon the price and the benefits that are available for each applicant.
Find the Right Colorado Funeral Insurance Policy Over the Phone or Online
We want to help as many Coloradans as possible find the right final expense insurance at the right price. You can start by entering your home ZIP code in the quote form at the top of this web page. After comparing quotes from local companies, you are also welcome to calls us in order to speak with an experienced agent. Our goal is to provide our clients with the right services and tools to compare plans for themselves or their parents.