Affordable Burial Insurance for Seniors: Does It Exist?

Sep 29, 2022 | Burial Insurance | 0 comments

burial insurance for seniors

Death is a part of life, which is why it’s an expense that everyone has to account for at some point. If you want to make sure that the cost of your death isn’t passed along to your relatives, it makes sense to buy an insurance plan that can help you out. 

The median cost of a funeral is roughly $7,400, and burial makes up a big part of these costs. Looking into burial insurance for seniors can help you offset what your family pays while making sure that you’re given a proper funeral. 

These tips will help you out when you’re looking into a plan. 

What Is Burial Insurance?

For starters, make sure that you understand burial insurance, what it’s for, and what it entails. This is a form of life insurance that takes care of your funeral and its associated costs. Burial insurance for seniors is offered with most life insurance policies, and may also be referred to as final expense insurance.

Who needs burial insurance? Anyone putting their final wishes in order, in the form of a life insurance plan or a will should look into one of these policies. 

What Are the Benefits of Burial Insurance for Seniors?

You’ll enjoy many benefits when you opt for burial insurance. Some of these advantages include:

  • Not having to pay for your funeral and burial out of pocket
  • Peace of mind for your family at the time of your passing
  • It does away with any confusion and discrepancies that your state has to deal with
  • This insurance can also take care of medical bills, nursing home bills, and forms of debt
  • You can add other details, such as the cost of transportation to and from the funeral for your family members

Knowing these benefits will help you when you’re taking the time to shop around for a plan. 

Is it Possible to Find Affordable Burial Insurance for Seniors?

Absolutely. You should have trouble finding affordable burial insurance from a quality life insurance provider. You can add these policies to your life insurance plan for as little as $40 or so. 

This represents a nice return on investment (ROI) when you consider the fact that you no longer have to worry about your funeral out-of-pocket costs, and neither will your family. 

How Can You Find the Right Plan?

Do your due diligence when shopping for an affordable burial insurance policy. There are all sorts of insurance types that seniors can shop for, so it’s vital that you learn how to find the right plan. 

Check out the credibility and quality of the company that you’re shopping with. Let them know your needs and find out how much their plans cover. 

What if burial insurance is out of your price range? You can find plenty of quotes from companies so you can price compare. You can also decrease the amount of coverage that you get so that the plan pays for part of the funeral, to at least lessen the financial burden. 

It’s common to pay between $2,000 and $5,000 for a burial plot. These costs depend a lot on what kind of funeral you plan and where you live. Look into burial insurance no waiting period so that your family can receive the proceeds of the plan right away. 

Find Burial Insurance for Seniors

The tips above are useful when you’re looking into finding burial insurance for seniors. Leave no stone unturned when you shop for the right plan to help you and your family. 

USA Life offers a litany of insurance services that can cover you from the many situations that life brings. Request a quote from us with our online form, or pick up the phone and call (866)948-4295.

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