Affordable Burial Insurance for Seniors

Affordable burial insurance for seniors

Affordable burial insurance for seniors is easier to get than you think! Expense Mutual makes it easier for seniors get permanent burial life insurance coverage. It pays fast! Usually within 2-5 days. And tax free! That way your family doesn’t have to come out of pocket for the end of life expenses like the funeral or cremation. Some policies have a two year waiting period, but several have immediate coverage with no waiting period.

Whether a company has a waiting period depends on your health and any preexisting conditions. In this article we will discuss actual prices from top rated carriers and what you can do today to get the lowest rates with no waiting period.

Act today to get life insurance coverage with Expense Mutual! We are an independent life insurance agency specializing in getting seniors permanent life insurance coverage for seniors at affordable rates. We work with the insurance companies not for them. That is how we get the best possible rates for our clients! We have helped hundreds of seniors get affordable burial insurance.

Life insurance rates are at all time lows don’t wait act today!

Get your free online life insurance quote today!

What is burial insurance for seniors

Affordable burial insurance for seniors

Today’s seniors are living longer and longer. But we all die eventually. This presents a unique problem for seniors. The problem is the cheapest rates for insurance are when you are younger. As you age so does the likelihood that you will have health conditions that will disqualify you from full medically underwritten policies. This is where burial insurance or final expense insurance comes in. And the burial insurance is more affordable than you think.

Burial insurance and final expense insurance means the same thing. It is a permanent life insurance policy. The premiums do not increase as you get older and the coverage does not expire. The amount you pay each month will not go up. That is good because more and more seniors are living on a fixed income like social security. It also accumulates a cash value that you can loan money from and spend while you are still alive!

The face amounts are smaller usually between $2,000.00-$50,000.00 monthly premiums are usually between $30-$150 a month. The exact amount will depend on your health, pre-existing conditions, age, and gender.

  • Burial insurance and final expense mean the same thing
  • The premiums will not increase over time
  • It has a cash value you can loan from and use while are alive
  • The policy will not expire

For more about this check out our article Insurance over 50 no medical

What does burial insurance for seniors cover

Burial insurance for seniors covers what fully underwritten policies will not. In the insurance world, there are three types of policies.

  1. Medically underwritten meaning that you have to take a medical exam and give a blood and urine sample
  2. Non-medically underwritten means that you do not have to take a medical exam. No blood no urine sample
  3. Guaranteed issue means that they take you as is. But you will be subject to a waiting period. Waiting periods are between 2-3 years

Affordable burial insurance for seniors

For more info on this read our article How much does a funeral cost in the USA

What burial insurance covers

Affordable burial insurance for seniors

Burial insurance was designed for people who could not fit inside the “normal” underwriting risk parameters. Burial insurance covers people with one or more of the following conditions

  • Anxiety Medications
  • Arthritis
  • Asthma
  • Atrial Fibrillation
  • Bi-Polar Disorder
  • Blindness
  • Blood Clots
  • Blood Thinners
  • Cancer in the last 2 years
  • Cholesterol Issues
  • Chronic Kidney Disease
  • COPD, Emphysema, & Chronic Bronchitis
  • Cystic Fibrosis
  • Defibrillator Or Pacemaker
  • Depression
  • Diabetic Nephropathy
  • Diabetic Neuropathy
  • Diabetic Retinopathy
  • Epilepsy
  • Fibromyalgia
  • Strokes 1 year
  • Heart Attacks in the 1 year
  • Hepatitis A, B, Or C
  • High Blood Pressure
  • Home Health Care
  • Insulin
  • Liver Cirrhosis
  • Morbid Obesity
  • Multiple Sclerosis
  • Non-Cancerous Tumors
  • Parkinson’s Disease
  • Schizophrenia
  • Seizures
  • Sleep Apnea
  • Systemic Lupus SLE
  • Type 1 Diabetes
  • Type 2 Diabetes
  • Water Pills
  • You Need Assistance With Actives Of Daily Living

Having one or more of these conditions will disqualify you from a full medically underwritten policy. That is why Burial insurance also known as Finial Expense life insurance exists.

For more on diabetes check out our article Expense Mutual How to get non-med life insurance with diabetes

Sample Rates for burial insurance male and female level death benefit non-tobacco $10,000.00 face amount

Age Male Monthly paymentFemale Monthly payment

For more on this topic check out our article Burial Insurance rates for 51 year old’s

What is the best burial insurance for seniors

These are the top 4 companies for burial insurance for seniors in our opinion

Mutual of Omaha best over all

Mutual of Omaha is a nationally known company with a AM Best Rating of A+ and has been in business for over 112 years

Website Mutual of Omaha

Foresters best for financial stability

Foresters was founded in 1898 and has more than $1 Billion in cash reserves. They have been through every major world event. The Great Depression, the First and Second Wars, and COVID-18 pandemic. During the Spanish Flu pandemic Foresters paid out ever life insurance claim. Making them a great option for financial stability.

Website Foresters

Americo best for instant decision

Americo is a AM Best A rated company with $1 Billion in cash reserves. They have re-tooled their online and e-app process for faster decision making. They have instant decision making at the point of sale.

Website Americo

Gerber best guaranteed issue

Gerber Life Guaranteed Life Plan accepts pretty much anyone. Anyone ages 50-80 can get affordable guaranteed life insurance from Gerber. Since it is Guaranteed life, there is no health questions, no medical exam, and no hassle. All you need to do is apply for a policy.

Website Gerber

How you can get burial insurance with no waiting period

The way to get a burial insurance policy with no waiting period is to work with an independent life insurance agency like Expense Mutual. We can help you apply for a final expense policy with no waiting period. Expense Mutual specializes in getting affordable burial insurance for seniors.

If you apply for a policy with no medical questions, you will be subject to a waiting period! No matter what!

That is the downside of the guaranteed issue policy. The upside is that if you die during the waiting period, then your beneficiary will be refunded the premiums paid plus interest. Keep in mind that guaranteed issue is for very sick people. Final Expense will accept mostly anyone. In the extreme case that you are very sick, you still have options to get life insurance.

What you need to do right now

To get the best rates and to decided what company you need to apply with, you need to work with an independent life insurance agency. Working with an independent life insurance agency will get you access to the top carriers and we can shop the companies for the lowest rates possible.

Expense Mutual is that independent life insurance agency!

Life insurance rates are at all time lows! Expense Mutual is an independent life insurance agency specializing in getting seniors permanent life insurance coverage at affordable rates. We shop all the top carriers that have exclusive products for seniors. That have forgiving underwiring guidelines. We have helped hundreds of seniors get burial insurance.

Get your free online life insurance quote today!