Burial Insurance for Seniors – Learn About Your Options

Are you a senior attempting to find burial insurance?You can be secure in knowing that there are appropriate, affordable insurance options still available for you. Life insurance policies for seniors are available for you up till age 95. Additionally plans are available to provide coverage for you the rest of your life. Age, health and your personal needs will determine the life insurance type you for which you quality.

Burial Insurance for Seniors

Burial insurance policies are specially designed versions of permanent, whole life insurance aimed at coverage of funeral costs, interment and other expenses. Often these burial policies are available as “simplified issue”, meaning there is not a physical examination needed for you to qualify. You only need to answer questions about your health on an eligibility application. Policies and coverage are available for those aged between 85 and 50, with benefits at death ranging from a minimum of $2,500 up to $35,000. Your premium would remain the same amount for your lifetime, and the cash value of your policy accumulates over time. Learn more…

Guaranteed Issue Burial Insurance for Seniors

Are you like the majority of seniors? Do you have a health issue or two? Blood pressure or cholesterol numbers that are high, even stokes, history of heart attack and cancer – many seniors share the same conditions you may have. Despite these illnesses you qualify for guaranteed issue life insurance. Guaranteed issue life insurance “grades” its benefits, meaning the death benefits will not be fully paid should you die in less than 2 years from acquiring the policy. Learn more…

Term Life Burial Insurance for Seniors

You can use “term insurance” to cover your burial expenses, as well as home mortgage debts and any other obligations you may have. Life insurance plans for seniors based upon term insurance will provide coverage until you are 95. They have a premium which remains fixed for whatever term you might choose, and often you will have an option to turn the policy into a whole life plan. Learn more…

Get peace of mind – shop and compare rates. Get free quotes for burial insurance from companies specializing in burial insurance coverage for seniors and the elderly.

Have questions about your specific circumstances? Prefer getting information over the phone? Speak with an experienced burial insurance professional – Call us toll free (888) 203-5449.

Is there a maximum age?

AGE ELIGIBILITY FOR SENIOR BURIAL LIFE INSURANCE POLICIES

Many people do not think of burial insurance when they are young and healthy. Many also do not like the prospect of paying premiums earlier in life. However, burial insurance is something you should opt for when you are young and healthy because you will qualify easily and your premium will be low.

As you grow older, you typically develop medical problems, and may sometimes be denied coverage or have to pay a higher premium. The best time to get life insurance is in your forties and fifties. That said, you can apply for burial insurance up to a maximum age of 85. Beyond 85, you are not eligible for burial insurance.

85 and Healthy

If your are 85 and healthy, congratulate yourself. Your genes and to a large extent your lifestyle have gotten you this far without health problems.

If you honestly have no medical ailments and truthfully answer all questions on the insurance application, you will get instant coverage after your policy is approved and after you make your first premium payment. If you die shortly thereafter, your beneficiaries will get the full death benefit.

Also bear in mind that lying on insurance applications never helps. If you have a condition and do not disclose it, your beneficiaries will receive nothing. So please be honest on your policy, even if that means paying a slightly higher premium. You will, at least, have the peace of mind that your beneficiaries will get paid.

85 and A Little Less Healthy

Most 85-year olds have less than perfect health. The good news is you can still get insurance but with a few modifications.

You will receive what is called a graded benefits policy. Should you pass away in the first or second year of your policy, your beneficiaries will receive the amount you have paid in premiums till your death, less fees and expenses. After two years, most graded plans pay your beneficiaries the full insurance amount.

Get the Best Rate on Burial Insurance

It pays to shop around because rates can vary. If you have been denied life insurance coverage in the past or are apprehensive about approaching insurance companies directly, please give us a call at 1-888 (203) 5449 for a free quote. Our experienced insurance advisers will give you the best rates and guide you on choosing a policy that is right for you.

Burial Insurance for Seniors – Learn About Your Options