The rising cost of funerals concerns a lot of families in the Lone Star State. That’s why many older people and their families look for a way to plan for this expense in advance. Burial insurance provides one way to ensure that the people who will make final arrangements, usually adult children or other close family members, will have plenty of money to make funeral arrangements. Can we help you find final expense insurance? Our online quote system is easy to use, and all you have to do is provide it with your local ZIP code. If you want to consult with an experienced agent, we also welcome your phone calls.
Texas Funeral Insurance Quick Facts
- Expected TX life span: 77.04
- Average TX household income:$51,563
- Typical cost of Texas funeral and burial: About $8,350
- Typical cost of a Texas cremation package: From $755 to over $3,000
- Houston population: $51,563
- San Antonio population: 1,327,407
- Dallas population: 1,197,816
- Austin population: 790,390
- Fort Worth population: 741,206
How Much Will a Texas Burial Policy for Seniors Cost?
Texas burial insurance companies base rates upon a variety of factors, and these could include the health, age, and location of the individual. While it is important to shop around, prices are not the only thing to consider. The actual benefits and reputation of the company are also important. These are some sample monthly burial insurance rates for a policy for a male Texan who is 76 and abstains from smoking:
- $5,000: $53.33
- $10,000: $103.33
- $15,000: $153.33
Understand that these are just sample rates, and they could change because of individual underwriting or variations between different companies.
Who buys Texas final expense insurance?
Some older people do purchase these plans to cover themselves. In other cases, grown kids will buy plans for their elderly parents. In either case, the actual person who will get covered needs to participate. This could simply mean answering questions on a short phone interview or signing the application. Also, it is most convenient, and sometimes cheaper, to set up automatic payments via an ACH from a bank account.
Is it Hard to Get Texas Funeral Insurance?
You might wonder if some pre-existing health conditions will disqualify older people. While guaranteed acceptance life insurance plans ask no health questions, some other policies do ask a few questions. Still, relatively healthy older people can qualify because insurers know they are marketing plans to many middle aged people and seniors, from about 45 to over 80. If possible, it is usually better to answer a few health questions because these plans will be cheaper and offer an immediate death benefit. With guaranteed acceptance life insurance, there may be a waiting period imposed before the plans will pay the full face value. Before this, the plans might only pay some percentage of the full face value or even offer to return prior payments (possibly, with interest).
How to Find the Best Burial Policy for Yourself or Your Parents
As you can see, there is not one right plan or company for everybody. We provide the tools to help our clients compare their options from the comfort of their own homes. Start by using our online system to see local quotes, and you only need to provide your ZIP code to begin. If you would prefer to speak to a live agent, you are always welcome to give us a call. We hope to offer the right tools and services to help Texans find the best burial insurance companies.