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Burial Insurance in Michigan

In Michigan, there is a type of life insurance for seniors that many families buy as a way to prepare for the high cost of burials, funerals, and other final expenses. Funeral insurance is very easy to apply for, and most applicants can get accepted. Since the beneficiary receives a cash payment, he or she will not have to use any particular funeral home. These benefits can make buying a burial policy a very convenient and flexible way to plan for the future. Find the best benefits and prices from a selection of top companies. Start comparing final expense insurance by entering a local ZIP code in the form on this website. After you review a list of burial insurance companies, you may also call us for more assistance.

Statistics for Burial Insurance in Michigan

  • Expected MI life span: 76.9
  • Average MI household income: $48,471
  • Typical MI funeral costs: About $8,500
  • Typical basic MI cremation package: $795
  • Detroit population: 713,777
  • Grand Rapids population: 188,040
  • Warren population: 134,056
  • Sterling Heights population: 129,699
  • Lansing population: 114,297

Michigan Funeral Policy Costs

In Michigan, burial insurance companies set their rates based upon gender, age, health, tobacco use, and location. Consider sample prices for a Michigan woman who is 52 and does not use tobacco:

  • $5,000: $14.57
  • $10,000: $26.94
  • $15,000: $39.31

Note: These sample rates could vary because of underwriting, location, or other factors. For many seniors, these rates are affordable. But some children of elderly parents offer to pay the premiums. After all, the beneficiary is really the one who will benefit from having this protection. Either way, there are a couple of things to note about applying and paying. The person who needs coverage has to get included in the process. That individual may need to sign a form or answer questions over the phone. Also, the best way to pay is by setting up monthly automatic payments through a bank account. That keeps policies from getting cancelled because of an overlooked payment.

Michigan Guaranteed Acceptance Life Insurance Policies

You or your parents can apply without having to answer any health questions if you choose one of the guaranteed acceptance life insurance policies. This might be the right solution for a person with a serious illness or multiple pre-existing conditions. However, many older people can get accepted for a plan that asks a few health questions. Rates will be somewhat cheaper, and these plans offer an immediate death benefit. Plans that do not require any medical questions answered will also impose a waiting period that could last for two to three years. Before the waiting period ends, the plan will only pay part of the face value or return premiums.

Buy the Right Michigan Final Expense Insurance

You can compare quotes for a burial policy either online or over the phone. To get started, provide the quote form at the top of this page with a local ZIP code. If you have any questions about prices, companies, or the application, give us a call. Our experienced agents can help you with life insurance for everybody from children to senior citizens over 80 years old.