Does the high price of today’s funerals alarm you or your family? If so, you might want to consider purchasing burial insurance. These plans are actually a kind of senior life insurance, so they pay cash benefits, and that means that the beneficiaries are never locked in to a specific location or funeral home. We make it easy to find the right burial insurance policy in West Virginia for you or your elderly parents. You can begin shopping by keying your ZIP code into the form at the top of this page. You are also always welcome to call us and ask to speak with a licensed agent.
West Virgina Final Expense Insurance Statistics
- Expected WV life span: 75.28
- Average WV household income: $40,400
- Typical cost of a WV funeral and burial: $8,345
- Typical cost of a WV cremation package: From under $1,000 to over $2,000
- Charleston population: 51,400
- Huntington population: 49,138
- Pakersburg population: 31,492
- Morgantown population: 29,660
- Wheeling population: 28,486
In the U.S., cremation has become more popular in recent years, and that might be because of the cost of traditional burials. However, cremation is not the right option for every family, and there are also other final expenses to consider besides the cost of a plot.
How Much Does West Virginia Funeral Insurance Cost?
The price of a burial policy usually depends upon age, health, benefits, and the company. Consider a sample monthly price for a woman in West Virginia who does not smoke and is 73:
- $5,000: $34.66
- $10,000: $66.91
- $15,000: $99.06
Important: These are only sample prices, and they could be different because of company, city, or health underwriting. Some seniors purchase burial policies for themselves, but sometimes, other family members offer to pay. While it does not really matter who pays, these are some tips to ensure your policy gets issued and stays active:
- We always suggest using automatic bank drafts to ensure the plan does not lapse because of nonpayment.
- While adult children and other family members are free to help elderly people shop for coverage, the individual who needs insurance must get included in the process. This might simply include signing an application or taking a short telephone interview.
Guaranteed Issue Life Insurance options to consider
You have probably seen advertisements for senior life insurance that requires no answers to health questions. These could be good solutions for seniors who have very serious medical issues. However, you should know that burial insurance companies that offer these plans impose a waiting period. The insured person must survive this period in order to qualify for the full death benefit. If that individual passes away before the period ends, the policies may only return premiums or pay the beneficiaries some percentage of the face value. Meanwhile, relatively health people probably would qualify for another kind of plan called simplified issue. These plans require the answers to just a few health questions, and they still accept the majority of active and able people with minor health issues. They will be cheaper, offer high levels of benefits, and pay the full face value right after issue.
Find the Best Oregon Funeral Insurance for Your Family
We invite you to shop for the right price and right plan for yourself or your parents. In fact, we have life insurance solutions for children, young adults, and people over 80 years old! Start getting quotes by entering your ZIP code in the online quote form at the top of this page. We also have licensed agents standing by, so give us a call if you have questions or need help signing up. By providing both online tools and personal service, we help our clients find the right benefits at an affordable price.