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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!
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.
For more about this check out our article Insurance over 50 no medical
Burial insurance for seniors covers what fully underwritten policies will not. In the insurance world, there are three types of policies.
Affordable burial insurance for seniors
For more info on this read our article How much does a funeral cost in the USA
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
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
| Age | Male Monthly payment | Female Monthly payment |
| 50 | $32.00 | $26.05 |
| 55 | $36.86 | $31.16 |
| 60 | $45.19 | $35.41 |
| 65 | $54.81 | $41.00 |
| 70 | $70.67 | $51.92 |
| 75 | $102.29 | $75.08 |
For more on this topic check out our article Burial Insurance rates for 51 year old’s
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
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.
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!
Expense Mutual is a licensed Independent Insurance Agency licensed to sell insurance in Georgia. Expense Mutual does not underwrite any insurance that appears on our website. Please note that Insurance cannot be bound, canceled or installed on the website. While Expense Mutual has done everything to ensure that all rates are accurate in the event, we made an error regarding pricing, the carrier’s rates will always supersede whatever rate appears on our website. All plans with no waiting period require an applicant to be medically approved by the insuring company and are subject to the incontestability period. All guaranteed acceptance plans that have no health questions will be subject to the insurer’s defined waiting period before benefits become payable under the policy provisions. Whole Life Final Expense Insurance available through JN Solutions LLC dba Expense Mutual may be underwritten by any of the following insurance companies, Americo, Foresters, Gerber Life, Met Life or Mutual of Omaha. Under no circumstances will Expense Mutual share or sell your information with a third party without your consent. No part of this website may be copied, published, faxed, mailed or distributed in any manner without the prior written consent from the website owner. Representation Any views or opinions represented on the Website are personal and belong solely to the Operator and do not represent those of people, institutions or organizations that the Operator may or may not be associated with in professional or personal capacity unless explicitly stated. Any views or opinions are not intended to malign any religion, ethnic group, club, organization, company, or individual. Changes and amendments. We reserve the right to modify this Disclaimer or its terms relating to the Website and Services at any time, effective upon posting of an updated version of this Disclaimer on the Website. When we do, we will revise the updated date at the bottom of this page. Continued use of the Website and Services after any such changes shall constitute your consent to such changes. Acceptance of this disclaimer. You acknowledge that you have read this Disclaimer and agree to all its terms and conditions. By accessing and using the Website and Services you agree to be bound by this Disclaimer. If you do not agree to abide by the terms of this Disclaimer, you are not authorized to access or use the Website and Services. Contacting usIf you would like to contact us to understand more about this Disclaimer or wish to contact us concerning any matter relating to it, you may send an email to info@expensemutual.com.