If you have been involved in funeral planning, you already know that making arrangements can cost several thousand dollars. Burial insurance also known as final expense insurance, may provide a convenient and affordable way to ensure that your family has the money they need to pay the bills. Moreover, typical Florida funeral insurance policies are easy to apply for and affordable for most families. Finding burial insurance for seniors should not be difficult. You are welcome to shop for yourself or your parents. Enter your ZIP code in the quote box at the top of this page to see offers from the best burial insurance companies in the state. If you prefer personal service, call us to speak with a licensed agent.
Burial Insurance in Florida Statistics
- Expected life span: 78.1
- Average household income: $47,309
- Average burial and funeral costs: About $8,300
- Average cremation package cost: $695 to $2,000
- Jacksonville population: 821,784
- Miami population: 399,457
- Tampa population: 335,709
- Saint Petersburg population: 244,769
- Orlando population: 238,300
Many elderly parents and their families are relieved to find a way to prepare financially for the high cost of funerals, burials, and other final expenses. Since many seniors live on fixed incomes, it can be hard to save money. In addition to the bill for the funeral, there may be other bills to pay after a loved one passes away. These expenses could include debts, travel expenses, and medical bills. Final expense insurance offers cash benefits to beneficiaries, and this money can be used in any way that the beneficiary needs to use it. Even though adult children are welcome to help their elderly parents shop for funeral insurance, the person named on the policy does need to get included in the process. For example, your parents may need to answer a few questions on the phone during a short interview.
How Much Does a Florida Burial Policy Cost?
The monthly price depends upon the amount of coverage, exact location, and some other unique factors. However, these are some example rates for an 81-year-old Floridian man who does not smoke:
- $5,000 face value: $74.17
- $10,000 face value: $145
- $15,000 face value: $215.83
Note that these are only example prices, and they are subject to change based on individual underwriting.
Who Qualifies for Final Expense Insurance?
The good news is that you can even find insurers that offer burial plans to people over 80. Most companies have very short applications. While some ask a few health questions, guaranteed acceptance policy applications do not ask any health questions at all. Health permitting, we suggest trying to qualify for a plan that does require answers to a few questions because these will be somewhat cheaper and offer an immediate death benefit with no waiting period. The right choice really depends upon the health and age of the applicant.
We Can Help You Compare Florida Burial Insurance for Seniors
Finding the best burial insurance companies in your part of Florida does not have to be difficult. You can begin by entering a ZIP code in the form at the top of this page and getting online quotes. If you prefer, you are welcome to call and speak with an experienced senior life insurance agent. By providing our clients with online tools and personal service, we work to find them the right coverage at the right price.