If there is one thing that we want to emphasize, it is that consumers should always shop around for the right type of burial insurance. Very often, the kind of burial life insurance for seniors, sometimes called a senior life insurance policy, that you see advertised on TV or online is a guaranteed issue plan that is a type of whole life policy. This is great because you don’t have to worry about having to answer health questions for yourself or elderly parents when purchasing final expense insurance.
However, by answering a few simple questions, you may qualify for cheaper premiums and better benefits. When it comes to the best burial insurance for elderly parents or yourself, there are three basic types:
In addition to having an immediate death benefit, the best level burial insurance plans are more affordable. It is better to find a burial policy for parents or yourself that they can qualify for by answering health questions. However, modified and graded plans might provide a good solution for people with more serious health issues. The main point is that it is important to shop around for the right kind of coverage and the lowest prices from the best burial insurance companies.
Anybody who has planned a funeral lately knows that the cost of a burial and funeral can cost several thousand dollars. In fact, the average funeral in 2012 was about $8,300, and costs have risen steadily. There are cheaper alternatives, like cremation and simple memorial services, but even these options will probably cost a few thousand dollars. Besides, there are usually other final expenses to handle than just the cost of a funeral. Since many elderly people have to live on fixed incomes, it is tough for them to save for funeral costs and other final expenses. Typically, adult children or other close relatives need to come up with the money for the funeral, and this can cause a big financial strain, this is where the best burial insurance policy comes in to play. With funeral insurance, burial expenses (like the burial costs, the funeral director costs, funeral home costs, the cost of the funeral service, etc.) and other final expenses will be taken care of. Often, seniors decide to purchase coverage for themselves, so they can relieve their family of this burden. In other cases, adult children offer to make payments. If you would like to find the best burial insurance policy for parents, keep these things in mind:
The hardest part about applying for a burial expense policy might be bringing up the topic with aging family members. Very often, elderly parents are relieved to find a way to help their loved ones plan for this inevitable expense. Since any money that is left over after attending to obligations can be kept by the beneficiary, burial insurance can also help seniors leave children or grandchildren an inheritance.
There are a few different life insurance company options out there. These are some of the companies that you might want to check out:
If you think it's going to be a lot of work to check out your options from all of these companies, be aware that we're here to help. You can view coverage amounts, type of policy and more while getting quotes right here on our website. We also have insurance agents on hand who can help you determine how much coverage to purchase, what type of traditional life insurance you should choose and more.
Depending upon your age and where you live, the choice of the burial insurance company may affect your premiums. In order to help you find the best burial plans and affordable rates, we invite you to get senior life insurance quotes from our simple online tool. Just enter a local ZIP code to begin. Then, we will show you options for term life insurance, whole life insurance and more. You'll be able to look at each type of insurance and compare costs for different final expense life insurance coverage options.
Burial insurance in Florida is 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.
Burial insurance in Texas provides one way to ensure that the people who will make final arrangements. See how to get coverage today!
You can purchase burial insurance in Pennsylvania which will ensure that there is plenty of cash to pay for a proper funeral,
One way that many local families plan for the cost of funerals and burials is to purchase burial insurance in California.
Many seniors and their families purchase burial insurance in New Jersey in order to make certain that they have plenty of money to plan a dignified funeral.
The right choice depends on age, location, health, and more. However, we make it simple to find the best burial insurance in Illinois for you or your elderly parents.