Burial Insurance for Seniors: What You Need to Know

Aug 1, 2021 | Burial Insurance | 0 comments

No one gets you ready for it, because no one likes to talk about it, but the shocking truth about funerals is that they cost a lot of money. You can expect to pay between 8,000 and 10,000 dollars covering the costs of burial, renting the funeral home, and buying a coffin. This is why you need to consider burial insurance for seniors.

Burial insurance, while a tough subject to broach, could make the passing of a loved one much easier. If you’re wondering about burial life insurance, you’ve found the right article. We’ll act as your helpful guide. 

What to Know About Burial Insurence for Seniors

When you get right down to it, burial life insurance is just a whole life insurance program that requires no exam. This means that senior citizens with serious ailments can still qualify for life insurance. At USA Life, we believe that everyone has the right to insurance, and want to provide the best burial life insurance for all. 

The proceeds from burial life insurance will cover any costs you face with a funeral. You’ll usually pay only around 50 dollars to 150 dollars a month for your insurance. 

Don’t forget that “burial insurance” is just a marketing term. A burial insurance policy also covers cremation. You do not have to worry about your insurance policy influence where a diseased’s body goes after they die. 

Burial Insurance Policies Are Extremely Straightforward 

Monthly insurance payments, in a burial policy, will not increase for any reason. You don’t have to worry about unexpectedly not being able to make your payments. Your coverage will also never decrease or expire for any reason.  

When the senior finally passes away, the beneficiary receives a tax-free check equal to the senior’s death benefit. The beneficiary will then have all o the money they need to pay the funeral expenses, which, as we know, can get costly. 

Generally, burial insurance goes up in price depending on how old the person covered is. This is only fair since if a person has longer to live, they’ll be paying longer. As they get older, men have to pay more than women, since men scientifically live shorter than women

Questions Are Still Asked 

Though a senior won’t have to undergo an examination, health questions are still asked about a senior. The insurance policy will want to know if there’s anything chronic going on and if the senior is a smoker, which might affect the cost of coverage. 

Understand Burial Insurance 

As you can see, burial insurance isn’t as intimidating as it sounds. Though the name has “burial” in it, it really just refers to a life insurance policy that doesn’t require an examination. 

Burial insurance for seniors is a great option for any family since the costs of funerals are so high in this day and age. 

For more information, request a quote with us today. 

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