Buying funeral insurance in Connecticut can ensure that your family has the money to make funeral arrangements and handle other expenses that occur when a loved one passes away. These expenses could also include travel, housing guests, and even making up for time lost at work. Funeral insurance is designed to be affordable for most families and very easy to apply for. Unlike some other ways to plan for funerals, final expense insurance pays a cash death benefit that can get used in any way that the beneficiary needs to use it. Would you like online quotes for local burial insurance companies? You can shop for life insurance for yourself or your parents. Enter your ZIP code in the form at the top of this page to get started. Do you still have questions? Simply call to speak with an experienced life insurance agent.
Burial Insurance in Connecticut Statistics
- Expected CT life span: 78.9
- Average CT household income: $69,519
- Typical cost of a CT funeral and burial: Over $8,000
- Typical cost of a CT cremation package: $1,500
- Bridgeport population: 144,229
- New Haven population: 129,779
- Hartford population: 124,775
- Stanford population: 122,643
- North Stanford population: 121,230
It can be tough for elderly people to save for a funeral when they have to live on a fixed income. This puts the burden of paying for final expenses on the family. Meanwhile, final expense insurance provides cash to pay for a dignified funeral or anything else the beneficiary might need.
How Much Does a Connecticut Burial Policy Cost?
Rates may differ between burial insurance companies, but they all base prices upon the general health, location, and age of the applicant. Since some companies offer cheaper prices than others, it is always wise to compare quotes and benefits before you make a decision. These are sample prices for a Connecticut woman who is 76 and abstains from smoking:
- $5,000: $41.38
- $10,000: $79.77
- $15,000: $118.15
Please note that these prices are only examples, and they might vary because of health underwriting, location, and company. While some seniors buy senior life insurance for themselves, sometimes their grown children or other family members offer to pay. After all, it is the beneficiaries who will actually benefit from this type of protection. It doesn’t really matter who pays, but these are some things to remember:
- Payments: Set up automatic payments with an ACH to make sure policies don’t lapse.
- Application: You are free to help a family member shop for coverage, and you can offer to pay the premiums, but the insured person will have to help apply. The person who will get insured may be asked to answer questions on the phone or put their signature on a paper application.
Guaranteed Approval Life Insurance for Seniors
You don’t have to worry about preexisting medical conditions because guaranteed approval burial insurance for seniors does not even ask any health questions. However, these plans do have a waiting period, and the individual insured has to live past the waiting period’s expiration date in order to qualify for the entire death benefit. If the covered individual dies before the waiting period ends, the company might only return premiums or pay the beneficiary part of the full death benefit. Meanwhile, simplified issue policies do ask a few medical questions, but these are only meant to filter out applicants who are very ill. Seniors who manage more minor health conditions and remain active are still likely to qualify. If so, simplified issue insurance is cheaper than guaranteed issue, and the death benefit is payable as soon as the policy gets issued. Also, many companies will offer higher levels of coverage to clients who answer a few health questions.
Find the Best Connecticut Burial Policy Online or Over the Phone
We are here to help you compare prices, benefits, and plans for yourself or your elderly parents. Actually, we can help you with life insurance for your entire family, and we have experience with coverage for everybody from babies to senior citizens over 80.