Buying funeral insurance in Maine can be a smart way to plan for the rising costs of funerals and other final expenses. Unlike some other kinds of burial life insurance for seniors, these policies are very easy to apply for and accept most applicants. Like other policies, these plans pay a cash benefit that the beneficiary can spend in any way that he or she needs to. If the beneficiary has any cash left over after paying for funeral arrangements, he or she can keep it. Compare burial insurance in Maine any time with our online quotes. Just enter your ZIP code in the quote box to get started. You are free to shop for yourself or your parents. We also have licensed agents who can answer your questions over the phone.
Quick Facts About Maine Burial Insurance Companies
- Expected ME life span: 77.46
- Average ME household income: $48,219
- Typical ME funeral costs: About 8,400
- Typical Me cremation package: $695 to $2,100
- Portland population: 66,194
- Lewiston population: 36,592
- Bangor population: 33,039
- West Scarborough population: 27,706
- South Portland population: 25,002
How Much Does Maine Burial Insurance Cost?
The price of final expense insurance in Maine may depend upon your age and health, if you smoke, and your exact location. Consider these sample monthly premiums for a Maine man who smokes and is 79 years old:
- $5,000: $83.33
- $10,000: $163.33
- $15,000: $243.32
Please note that these rates are only examples, and they might vary because of location or health underwriting or insurance company. While it does not matter if adult children or elderly parents pay the premiums, you should know a couple of things to help you buy a burial plan:
- The best way to pay is to set up automatic ACH debits against a bank account. This keeps policies from lapsing because of overlooked bills.
- Even if another family member offers to pay, the insured person still needs to get included in the application process. This can usually get done over the phone or online.
Guaranteed Issue Life Insurance with No Medical Questions
Preexisting medical conditions should not keep you from buying a burial policy. Some policies do not even require the answers to any health questions. Others do ask a handful of questions, but they still accept reasonably healthy seniors. If you can qualify by answering medical questions, you will get cheaper prices, a better choice of benefits, and an immediate death benefit. Guaranteed issue life insurance with no medical questions may use a waiting period instead of medical questions. That means that the covered person must outlive this waiting period, or twenty-four to thirty-six months, before his beneficiaries are eligible to receive the entire face value. Before that, they may only get a fraction of the death benefit or premiums returned.
Find Maine Life Insurance for Seniors Over the Phone or Online
You are welcome to compare plans and quotes for yourself or another family member. Begin by entering a ZIP code in the form at the top of this page. You are also welcome to call us. Our licensed agents can help you with life insurance for everybody from young children up to adults over age 80. We hope to offer the right combination of online tools and personalized services to help all of our Maine clients find the right life insurance solution.