Burial Insurance for Seniors
In this article, I would like to review several different options, for seniors, that are looking for burial insurance.
Burial insurance, depending on your age and current health conditions can be an easy process and relatively inexpensive to acquire.
What is a Burial Insurance Plan?
Burial Insurance plans are small whole life insurance policies with face amounts of, though some carries will go higher, up to $30K. Age of issues generally starts at 50+ and most carries will issue a policy to the age of 80.
Who are the main carriers?
There are several great carries. I would say the most popular carrier is AARP. They offer a couple of different plan options that are driven by your answers to their health questions.
Each carrier has their own underwriting that sets them apart from other carriers. This means that , depending on your health , one carrier may work better than another. This is one of the main reasons to work with an independent agent, when you want a burial insurance quote, who has access to multiple carriers.
Getting a Burial Insurance quote online
Although this may sound like a great place to start it really is not your best choice. You need to speak with an agent and review your health conditions, if any. Running online quotes can give you a false sense of what you would qualify for and you may be disappointed with what you may actually qualify for.
Depending on your health, you may only qualify for a guaranteed issue burial insurance plan. These plans are graded which means they will not offer the full face amount coverage until, again depending on the carrier, month 25 or 37.
Speak with an experienced agent , such as myself, who understands the marketplace. You must first review your health and from there quotes can be given based on your current situation.
If you work with an agent or go directly to a company, such as AARP, you are not getting a clear picture of the types of plans and premiums that are out on the market place.
Contact me today for a free no hassle , no obligation quote. I am confident that I can offer you some excellent options and save you some money!
My number is 512-963-5000 or fill out my contact form and I will give you a call.