A good close to your life includes leaving no liabilities for your loved ones. Most seniors also realize that burial, probate and other end-of-life expenses can add up to thousands of dollars, and therefore opt for Burial Insurance as the right and responsible thing to do.
However, seniors are also rightly concerned about being denied Burial Insurance because of age and health problems. The good news is that you can qualify for standard Burial Insurance rates if you have minor health problems that can be controlled with two medications or less. For example, if you have high blood pressure or high cholesterol, you likely will get standard coverage, eligible for full death benefit disbursement the day after you pay your first premium.
If you have a history of heart attack, stroke or cancer over the last three years, you likely will qualify for Burial Insurance but with graded benefits where you get partial coverage for the first two years, and payment of the full coverage amount after two years.
In more serious cases such as HIV or renal failure, you will still qualify, but for a Guaranteed Issue policy that provides full life coverage with a fixed premium.