Cheap Burial Insurance Policy [No Waiting Period]

Written by Danny Ray

**Quick Tip: To Compare Burial Insurance Rates Fill Out The Instant Quote Form On The Left!

How Can I Find Cheap Burial Insurance Policies For Seniors

What is life insurance no waiting period mean? Most consumers close to retirement need to know how to purchase the best burial insurance plans and life insurance for seniors no waiting period has been more and more popular!! 

​What is senior final expense life insurance program and what does it mean to you? 

When you pass away, it’s always going to be extremely difficult for your family. Above all, don’t leave them to cover your final expenses. Furthermore, Even cheap funeral plans cost thousands and they need money to pay!! Be on top of it, it is our duty!

Again, a memorial service is not cheap! You need to find an affordable burial life insurance policy that will cover funeral costs, your casket, flowers, etc. Funeral expenses alone are usually around $10,000. 

Frequently asked questions

How much does it cost for burial insurance?

That will vary as coverage is usually from $2,000-$25,000 with some carriers going up to $100,000. 

Is burial insurance worth buying?

Yes, as you will not want to cause a financial burden for your family. If you dont have the means then they will be stuck with a $5,000-$15,000 funeral bill!

Can you buy burial insurance someone else?

It depends, as long as you have insurable interest and the potential insured is aware!

How do I get burial insurance?

Call us. We have over a dozen of the best burial insurance companies with approval after just a few questions.

What’s the difference between burial insurance and life insurance?

Nothing, burial insurance is a small whole life policy. The Term “Burial Insurance” or “Final Expense” is just how they market it.


Of course, you’ll need to choose between a burial or cremation, these prices vary significantly. We will go over this more in this article.

Or your PinnacleQuote agent will guide you through the process of finding the best Cheap Burial Insurance policy that is best for you.

Above all, it is very important to achieve the best type of life insurance coverage for a proper funeral service! So you will need an independent agent to find the low cost funeral insurance you deserve.

If you want the best funeral insurance for seniors, even if you have a health problem, be careful of the following. 

The three life insurance companies to stay away from when it comes to burial coverage is State Farm burial, Lincoln Heritage Life Insurance company and funeral coverage with AARP life insurance. With Lincoln Heritage will add on a membership from the Funeral Consumer Guardian Society, but it is not FREE as they claim!!

In fact, seniors will be shocked to find out that one is usually 30% higher and the other is not guaranteed for life. So it is very important to find the right type of policy with the right carrier when securing a burial plan!

Affordable Burial Insurance

Cheap Burial Life insurance


Affordable Funeral Policy

When you get to a social security age and all your kids are grown there are usually two things to protect. Your spouse, and your family of having a financial burden upon your death.

Let's face it when you are in your mid-sixties health issues are very possible to arise. You want to make sure you have a final expense life insurance policy to cover the cost of your funeral.

Overall, this will provide peace of mind knowing a family member will not have the financial burden of paying the funeral home.

When purchasing burial insurance for seniors you want to make sure the amount of coverage will not only provide for burial but perhaps medical bills as well.

Above all, you want to deal with a well-known burial insurance company. In fact, you are going to want the type of insurance the company offers to be what you are looking for.

There are a few types of life insurance that will not require a medical exam. Of course the healthy you are the more you will save money. Here are the three types of life insurance coverage you will receive when looking for a burial policy.

Example is based a 65 year old male. 

Level Benefit

Modified Benefit

Guaranteed Acceptance

These will all have a premium payment that is different. However, the good thing to know is even if you have a severe health issue there are policies that offer guaranteed coverage. 

Our go-to carriers for this are:

  • AIG
  • Gerber
  • Great Western
  • Protection Plus

Keep in mind, these policies normally have a 2-year waiting period where if you die of an illness the premiums are refunded plus 10% so at least you get back more than you paid. 


senior burial insurance program [Be Aware]

First, State farm is fantastic for auto and home, I have them myself. But my state farm agent tried adding a policy in a bundle not knowing that I am a life insurance agent.

First off, it’s a sales gimmick, you can't bundle life insurance as it is “ONLY” an add-on product. Second, it is usually 25-40% more expensive than the best rates. With burial insurance for seniors AARP, they claim it’s for your entire life. But, burial insurance AARP is not.

In theory that is correct, but there will be age/years that it will go up! So yes, it is for your entire life, if you can pay for it. However, when you over 70 and on a fixed income, most times a price hike of a few hundred bucks may take the bread out of the cupboard. In addition, you need to be a AARP member for the discount. 

lincoln heritage burial insurance

Lastly, Lincoln Heritage and their late night TV commercials boasting how they will take care of everything for your funeral, especially for the elderly over 80. In fact, its a total scam. Lincoln Heritage funeral advantage program assists seniors scam, as I call it.

They promise how when you die that they will take care of all your funeral arrangements by shopping you to local funeral homes and talking to a funeral director. That is all theatrics!! In reality you will be paying a 30% premium compared to the best rates. Far from affordable funeral policies!.

BEWARE, Stay Away From These 3 carriers if you are looking for a life insurance burial policy!!

I get calls like this all the time!!



Cheap Final Expense Burial Insurance 50% off

It is possible to find yourself a cheap burial insurance polic​ies for senior citizens. Amounts of insurance coverage are usually between $2,000 – $40,000.

Most carries offer this product up to $25,000, so there’s no reason to leave these expenses for your family to pay. Even with a lifestyle issue like DUI or a health impairment like diabetes, you can have no challenges getting a guaranteed acceptance or guaranteed issue policy.

A guaranteed issue life insurance no medical exam no health questions is a life insurance program that will not look at your medical history.

However, there is a graded period of 2 years. This is the waiting period that the insured must wait to receive the full death benefit do to illness.

After the 2 years is completed, policy pays out in full. Keep in mind, these are permanent life insurance policies. The carriers we prefer that offer guaranteed acceptance life insurance is AIG, UHL & Gerber.

Above all, our go-to carrier and product are Mutual of OMAHA and the name of the product is the living promise.

In most cases, you will see up to 50% discount in premiums versus state farms burial coverage, Lincoln Heritage and funeral coverage with AARP. Mutual of Omaha’s Living Promise is a far superior product as well!

The living promise is the best type of policy for affordable burial insurance, PERIOD!!! They are among the cheapest burial policies.


WHAT IS THE BEST Affordable BURIAL INSURANCE for seniors

You have been shopping around for awhile now, you may be overwhelmed and you are at the point of frustrating and you are asking the burning question, what is the cheapest burial insurance?

Sometimes the cheapest isn't always the best.  It is always good to get carrier comparisons from your agent. Each carrier has certain niche's. 

If you have been reading I am sure you have come to the conclusion of who we prefer the best burial insurance for seniors over 70.

However, life insurance is not a one size fits all and sometimes requires a special product for a special situation. That special type of coverage maybe be for just burial and final expense. Here are the top 5 Burial Insurance Companies that we will bring to our clients.

These are among the best funeral insurance companies. United of Omaha burial insurance is our #1 (Mutual of OMAHA burial insurance). 

We are going to use $25,000 healthy male that is 60 years old.

  • 100% Death Benefit
  • Face Amounts $2,000-$40,000
  • Issues Ages 45-85
  • Underwriting: MIB, Script Check, Random PHI
  • Issue Age 30-59 $10,000-$100,000
  • Issue Age 60-69 $10,000 - $75,000
  • Issue Age 70-80 $10,000-$50,000
  • Critical/Terminal Illness Rider Built In
  • 100% Coverage Day One
  • Up To $100,000 In Coverage
  • Simple Phone Interview
  • Cash Value Growth
  • Issue Age 50-85 Nonsmoker
  • Issue Age 50-80 Smoker
  • Face Amounts $2,000-$30,000
  • Full Death Benefit Day One
  • Issue Age 50-85
  • Face Amounts Age 50-80 $35,000
  • Face Amounts Age 81-85 $15,000
  • 100% Death Benefit Day One

Mutual of Omaha, Foresters and Phoenix Life have Living Benefits Attached to the policy. That's the coverage you don't have to die to have access to. 


Is Burial Insurance A Good Idea

Purchasing cheap burial insurance works primarily the same as any other final expense life insurance policy.

In fact, it’s specifically designed to cover any final expenses such as funeral or cremation service, or debt such as credit cards and medical bills.

For many insurance companies, you must be at least 50 years of age to be eligible for funeral insurance.

However, Mutual of Omaha burial insurance will offer it from ages 45-85 with face amounts of $2,000-$40,000. Our final expense reviews on Mutual Of Omaha is A+.  

Burial insurance is Usually a fixed premium rate. Primarily,  you won’t have to pay more as you get older. Furthermore, life insurance rates vary for all ages when it comes to burial insurance.

The younger you are the cheaper it is. Above all, it's important to shop to find out what companies offer so call us and allow us to do that for you!


WHAT IS COVERED BY BURIAL INSURANCE

It is one thing to get prices for cheap funeral insurance, but I am sure your are asking, What is covered?

It’s important to realize what a burial policy covers so there isn’t any confusion for your family when that dreadful day comes. It is generally for covering the cost of funeral and/or cremation services.

Both of these funeral insurance costs are very different.

Now if you’re OK with having your family member cremated and their remains handed to you in a bag and zip-lock, then you can find these as low as $1,000.

The average cost of burial insurance varies. But a small service, urn, and a proper farewell can be as much as $3,000-$5,000.

For a funeral, the average cost is around $10,000-$12,000, and as much as $25,000. Above all, it's important to know the proper amount of coverage that your loved ones will need in the event of your death.

That is a very important conversation to have.

How does burial insurance work? Pre-Need or Pre-Paid?

Although there are many types of insurance, there are two kinds of plans to choose from Pre-Need Funeral Insurance or Pre-Paid Funeral Insurance.

Pre-Need coverage plans are purchased straight from the undertaking establishment. With this type, you’re committed to a specific funeral home. Pre-Paid Funeral coverage will leave your funeral home up to your loved ones.

This is all important when discussing funeral insurance for parents or burial insurance for seniors over 60. 


WHAT ARE THE PROS TO GETTING BURIAL INSURANCE for seniors

Above all, burial insurance with no waiting period is great. Most obviously, a final expense policy will pay for any final expenses. However, there are some other benefits to burial insurance.

Its always better to know what are my options for life insurance. We’ll list a couple of these below:

  • Final expense policies usually have lower premiums than traditional life insurance plans, primarily a no medical exam life insurance company.
  • Burial insurance is usually a very quick and easy process. Acceptance is generally pretty lenient, and you won’t need to take a medical exam.
  • Those in poor health won’t be denied burial insurance like they might for a traditional life insurance plan. This is usually senior life insurance with no waiting period.

  • WHO NEEDS BURIAL INSURANCE 

    Final expense insurance is for people that are no longer covered by life insurance.

    Also, that have been denied or declined life insurance, or can no longer afford life insurance. It’s important to calculate how much your final expenses will cost before buying.

    Consider the cost of your burial plot, transportation, casket/cremation, etc. Keep in mind, even if you have unmanaged blood pressure and or high cholesterol, you will still be able to get a burial policy.

    Also, even if you are looking for life insurance with multiple sclerosis you will be able to get a burial policy and/or a guaranteed issue policy. Even life insurance for seniors over 75 can get a burial policy.

    We recently took on AETNA final expense which provides burial insurance for seniors over 85.

    I hate to sound like a broken record, but Mutual of Omaha is by far the best burial insurance and/or final expense policies in the industry. The underwriting is fast, prices are among the top rates in the industry.

    In fact, it comes with riders like accelerated death benefit, terminal illness, and nursing home confinement rider. Look above for more details. 

    Mutual of Omaha is our go to for burial insurance for seniors over 80. 

    Here at PinnacleQuote we still say that Mutual of Omaha offers the best burial insurance for seniors.


    HOW TO BUY BURIAL INSURANCE FOR PARENTS

    We are or all will be there one day. Looking for senior burial insurance for parents is very common. Our parents get older and maybe they aren’t able to take care of their own burial.

    In fact, when this happens it can be a major financial blow on a family. Usually, when our parents are near mortality we are starting out with a family or have middle aged kids.

    All things considered, an unexpected death of a parent and not properly prepared can be a huge financial blow. So it is very important to look at quality funeral insurance plans. 

    You see it all the time, “Go Fund Me” pages, or going into debt that will take years to pay off. So for your parents, usually a final expense life insurance for seniors policy will work best.

    Furthermore, burial insurance for parents is very important. 

    With that said, none of us have an account “earmarked” someone else’s funeral. However, there is an answer.

    The most important thing in determining whether or not you can acquire a burial policy for your parents is an insurable interest. In simple terms, insurable interest means you as the family member will accrue a financial loss or go into debt in the event of your parent passing away.

    Above all, you don’t want to put off or kick the can down the road when considering getting life insurance for your parents. Once they get to retirement age they are prone to health issues as their bodies break down naturally.

    As these breakdowns happen, it will affect the price as so will getting older. Ultimately putting it off will cost you thousands of dollars more.

    Also, an unexpected death will cause you to come up with $10,000 or more. Or even worse, giving your loved one a funeral that wasn’t in their wishes.

    For example, wanting a funeral but you only affording a cremation.

    Not giving your parents the proper funeral of their wishes because of not being prepared will surely bother most for years to come.


    HOW MUCH DOES BURIAL INSURANCE COST

    Most family members haven’t the slightest clue what rates will be when considering getting a burial policy for a parent. But what we do know and want to help you achieve is getting your the BEST cheap funeral insurance possible! 

    Burial Insurance Quotes or funeral insurance quotes, vary from carrier to carrier. The biggest mistake consumers make causing them to overpay is going to the agent that sold them their homeowners and/or auto insurance.

    These agents are usually captive and offer proprietary products. They also mostly sell you the gimmick of “bundling”. Life insurance can’t be bundled to save money but is only an add-on product. So Beware of these sales gimmicks because you will pay over 35% more.

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    When you considered pre-retirement or during retirement, this is the best time to take care of a burial policy. At this age usually, your health has minimal health impairments and a level of benefit will be very possible. Here are the best rates for burial insurance for parents over 60.

    Age

    Death Benefit

    Monthly

    Annual

    60

    $15,000

    $62.53

    $702.60

    63

    $15,000

    $74.17

    $833.40

    66

    $15,000

    $87.42

    $982.20

    69

    $15,000

    $103.57

    $1,162.50

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    After social security age of 65, year by year as you see above prices drastically start to increase. For instance, once you are in your 70’s mortality age for both men (77) and women (81) are within a decade. These rates really start to change year by year. Here are the best rates for burial insurance for parents over 70.

    Age

    Death Benefit

    Monthly

    Annual

    70

    $15,000

    $108.95

    $1,224.15

    73

    $15,000

    $130.42

    $1,465.35

    76

    $15,000

    $158.70

    $1,783.20

    79

    $15,000

    $187.84

    $2,109.45

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    Once you hit 80 years old, about 95% of the carriers will not take the risk of covering you. Once over 85, coverage is very limited, however, we can get you coverage up to age 90. Ask your local agent if you can pull that off. That’s what separates us and makes us the BEST!! Here are the best rates for burial insurance for parents over 80.

    Age

    Death Benefit

    Monthly

    Annual

    80

    $15,000

    $197.38

    $2,217.75

    83

    $15,000

    $243.52

    $2,736.15

    86

    $10,000

    $220.83

    $2,650.00

    89

    $10,000

    $286.67

    $3,440.00

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    SHOULD I GET FINAL EXPENSE INSURANCE OR LIFE INSURANCE

    If you are in good health and believe you’ll live for several more years, a traditional policy is an ideal choice. In fact, a term life insurance polices may be an option.

    However, if you’re in poor health, and you don’t have enough money for life insurance, the final expense insurance is appropriate.

    Again, our agents will help guide you through the entire process from start to finish, they will make finding a cheap burial insurance policy or final expense policy so simplistic.  

    Another avenue, and if you are over 50, getting a 20-year term life policy would bring you right to mortality age, male(77), Female(81).


    WHAT KINDS OF BURIAL INSURANCE PLANS ARE OUT THERE

    You’ll have to look around for the best burial insurance.  When you call PinnacleQuote, our agents shop for you with the top carriers out there, so you don’t have to. 

    Each company has the unique offers for burial insurance. Life insurance for seniors is an ever-expanding market. That’s why it’s important to compare several carriers before settling on one for your final expense insurance.


    STATE FARM BURIAL INSURANCE VS MUTUAL OF OMAHA

    See below the price comparison between State Farm and Mutual of Omaha. 

    State Farm Level Benefit  $15,000 Lifelong Protection

    Mutual of Omaha Level Benefit $15,000 Living Promise

    $87.54 Monthly/ $1,006.25 Annually

    $70.84 Monthly/ $795.90 Annually

    Most of our clients are on a fixed income.   Affordability is very important to us as we know it is important to you.  As you can see from the example above Mutual of Omaha's Living Promise Plan, is a low cost burial insurance choice. $210.35 per year savings to be exact.

    That is 💰  back in your pocket where it belongs!!!

    SOCIAL SECURITY OR DISABILITY AUTO DRAFTS

    If you qualify for one of the burial insurance plans, that you will be able to set your payment draft day depending on your which day of the month you receive your benefits.

    Whether that is the 1st, 3rd or the 2nd/3rd or 4th Wednesday of the month. 

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    BURIAL INSURANCE COMPANIES

    Of course Mutual of Omaha is one of our faves for burial insurance.  They offer a Living Promise. A level benefit plan for ages 45-85. Also, a Graded benefit plan for ages 45-80 (NY 50- 75). 

    Here a just a few of our other fave companies:

    • Royal Neighbors of America
    • Liberty Bankers Life
    • Phoenix 
    • Sentinel Security Life

    All great companies. As you know the average funeral cost in each state vary a bit. Here in Florida, the average burial cost is about $9,000.  

    Knowing that you have provided one of this fine choices to your family in the event of your death, gives you and your family peace of mind. Doesn't it? 

    Guaranteed Acceptance Burial Insurance Companies

    Here are some burial policies for seniors that may have been declined in the past. These carriers will approve you right on the spot.


    Although a graded period will be in effect, accidental death coverage is immediate at issue! Premium payments are level and the death benefit is guaranteed!

    AIG GI
    #1

    aig burial insurance

    AIG burial insurance offers a guaranteed issue burial policy with no questions asked. This is instant approval! 

    • Coverage Amount ranges from $5,000- $25,000
    • Ages 50-85

    AIG customer service number (800) 448-2542

    Gerber GI
    #2

    gerber burial insurance

    Yes, Gerber Life Insurance Company, is the baby food company!! However, they have fantastic insurance products ranging from college plans, term life, and guaranteed issue burial insurance. Again, no questions asked!

    • Coverage Amount ranges from $5,000- $25,000
    • Ages 50-80

    Gerber Life Insurance customer service number (800) 704-2180

    Great Western GI
    #3

    Great Western Life

    Great Western offers final expense Whole Life burial insurance with lower ages and higher coverage. This carrier is very good with consumers with significant health issues under 50 years of age. No questions asked, instant approval. 

    • Coverage Amount ranges $1,000-$40,000
    • Ages 40-80

    Great Western customer service number (800) 733-5454

    These policies are available for any health impairment with no questions asked, and no waiting period!! When you need to have a cheap funeral covered, this may be your only option. 


    HOW CAN I GET CHEAP BURIAL INSURANCE OR FINAL EXPENSE INSURANCE QUOTE

    When looking to purchase cheap burial insurance for seniors,  you’ll want to receive several quotes from the top final expense insurance companies out there.

    Mutual of Omaha is an example of a life insurance company that is both reliable and affordable. Quotes are easy to get — you can receive quotes on premiums without needing to purchase their policy.

    Important to know, when you apply for final expense insurance, you will not need to take a physical.

    In fact, this makes the process much more manageable. However, you will need to fill out a brief questionnaire that will ask you some personal questions, such as your age, job, whether or not you use tobacco, etc. Smoking cigars will not affect burial insurance.


    WHAT ABOUT NO MEDICAL EXAM LIFE INSURANCE

    Many look to final expense insurance because they are having trouble finding life insurance protection, due to age or severe health conditions, such as diabetes or any other high risk health impairment.

    However, they can still be covered by life insurance. They just need to check out no medical exam life insurance for seniors.

    Above all, this will provide much more coverage for your family than final expense insurance will.

    However,  it will be more expensive, of course. No medical exam premiums can be absurdly high.

    Also, some special risk coverage will not be covered by the traditional term life, so a burial policy is the only alternative.


    CAN A FUNERAL HOME BE A LIFE INSURANCE BENEFICIARY 

    Yes. If you purchase burial life insurance, and you intend to use the policy strictly to pay for your funeral expenses, then you can make the funeral home the beneficiary.  


    WHO CAN HELP ME GET AFFORDABLE FINAL EXPENSE INSURANCE

    Well, that is an easy answer!  ~ PinnacleQuote 

    Here at PinnacleQuote, we will know which carrier to connect you with, and which life insurance companies to avoid for a final expense policy.

    Our agents can help you find the very best cheap burial coverage and final expense policies at the lowest rates, from the top 10 final expense carriers on the market. Working with us will likely save you a lot of time and money.

    Although, if you’re looking for life insurance in your 30’s, burial policies have age restrictions. However, looking for life insurance over 50, burial policies are available. In fact, some of our burial carriers offer voice signature with same day approval.


    CHEAP BURIAL POLICY VIDEO


    PINNACLEQUOTE LIFE INSURANCE SPECIALISTS, NATIONAL INDEPENDENT AGENT

    We make things simple…

    When shopping for not only cheap burial insurance but for any life insurance plan,  trust in the fact that you want to go with an independent agent.  

    Actually, PinnacleQuote is a licensed national independent life insurance agent in 49 states.  Based in Jacksonville, Florida. As a matter of fact, we are in Duval County. The home of the Jacksonville, Jaguars football team!!! 🏈

    We have relationships with dozens of carriers. In any event, if you’re looking for a simple process, then let PinnacleQuote not only hold you by the hand, but guide you through the entire process from start to finish!

    More Important, If you have any questions regarding affordable funeral insurance, funeral insurance for parents or any question in general, please feel free to contact us at PinnacleQuote (855)380-3300.

    Danny Ray & Lisamarie Monaco Contributed To This Article
    Danny Ray & Lisamarie Monaco Contributed To This Article

    **Quick Tip: To Compare Burial Insurance Rates Fill Out The Instant Quote Form On The Left!

    How Can I Find Cheap Burial Insurance Policies For Seniors

    What is life insurance no waiting period mean? Most consumers close to retirement need to know how to purchase the best burial insurance plans and life insurance for seniors no waiting period has been more and more popular!! 

    ​What is senior final expense life insurance program and what does it mean to you? 

    When you pass away, it’s always going to be extremely difficult for your family. Above all, don’t leave them to cover your final expenses. Furthermore, Even cheap funeral plans cost thousands and they need money to pay!! Be on top of it, it is our duty!

    Again, a memorial service is not cheap! You need to find an affordable burial life insurance policy that will cover funeral costs, your casket, flowers, etc. Funeral expenses alone are usually around $10,000. 

    Frequently asked questions

    How much does it cost for burial insurance?

    That will vary as coverage is usually from $2,000-$25,000 with some carriers going up to $100,000. 

    Is burial insurance worth buying?

    Yes, as you will not want to cause a financial burden for your family. If you dont have the means then they will be stuck with a $5,000-$15,000 funeral bill!

    Can you buy burial insurance someone else?

    It depends, as long as you have insurable interest and the potential insured is aware!

    How do I get burial insurance?

    Call us. We have over a dozen of the best burial insurance companies with approval after just a few questions.

    What’s the difference between burial insurance and life insurance?

    Nothing, burial insurance is a small whole life policy. The Term “Burial Insurance” or “Final Expense” is just how they market it.


    Of course, you’ll need to choose between a burial or cremation, these prices vary significantly. We will go over this more in this article.

    Or your PinnacleQuote agent will guide you through the process of finding the best Cheap Burial Insurance policy that is best for you.

    Above all, it is very important to achieve the best type of life insurance coverage for a proper funeral service! So you will need an independent agent to find the low cost funeral insurance you deserve.

    If you want the best funeral insurance for seniors, even if you have a health problem, be careful of the following. 

    The three life insurance companies to stay away from when it comes to burial coverage is State Farm burial, Lincoln Heritage Life Insurance company and funeral coverage with AARP life insurance. With Lincoln Heritage will add on a membership from the Funeral Consumer Guardian Society, but it is not FREE as they claim!!

    In fact, seniors will be shocked to find out that one is usually 30% higher and the other is not guaranteed for life. So it is very important to find the right type of policy with the right carrier when securing a burial plan!

    Affordable Burial Insurance

    Cheap Burial Life insurance


    Affordable Funeral Policy

    When you get to a social security age and all your kids are grown there are usually two things to protect. Your spouse, and your family of having a financial burden upon your death.

    Let's face it when you are in your mid-sixties health issues are very possible to arise. You want to make sure you have a final expense life insurance policy to cover the cost of your funeral.

    Overall, this will provide peace of mind knowing a family member will not have the financial burden of paying the funeral home.

    When purchasing burial insurance for seniors you want to make sure the amount of coverage will not only provide for burial but perhaps medical bills as well.

    Above all, you want to deal with a well-known burial insurance company. In fact, you are going to want the type of insurance the company offers to be what you are looking for.

    There are a few types of life insurance that will not require a medical exam. Of course the healthy you are the more you will save money. Here are the three types of life insurance coverage you will receive when looking for a burial policy.

    Example is based a 65 year old male. 

    Level Benefit

    Modified Benefit

    Guaranteed Acceptance

    These will all have a premium payment that is different. However, the good thing to know is even if you have a severe health issue there are policies that offer guaranteed coverage. 

    Our go-to carriers for this are:

    • AIG
    • Gerber
    • Great Western
    • Protection Plus

    Keep in mind, these policies normally have a 2-year waiting period where if you die of an illness the premiums are refunded plus 10% so at least you get back more than you paid. 


    senior burial insurance program [Be Aware]

    First, State farm is fantastic for auto and home, I have them myself. But my state farm agent tried adding a policy in a bundle not knowing that I am a life insurance agent.

    First off, it’s a sales gimmick, you can't bundle life insurance as it is “ONLY” an add-on product. Second, it is usually 25-40% more expensive than the best rates. With burial insurance for seniors AARP, they claim it’s for your entire life. But, burial insurance AARP is not.

    In theory that is correct, but there will be age/years that it will go up! So yes, it is for your entire life, if you can pay for it. However, when you over 70 and on a fixed income, most times a price hike of a few hundred bucks may take the bread out of the cupboard. In addition, you need to be a AARP member for the discount. 

    lincoln heritage burial insurance

    Lastly, Lincoln Heritage and their late night TV commercials boasting how they will take care of everything for your funeral, especially for the elderly over 80. In fact, its a total scam. Lincoln Heritage funeral advantage program assists seniors scam, as I call it.

    They promise how when you die that they will take care of all your funeral arrangements by shopping you to local funeral homes and talking to a funeral director. That is all theatrics!! In reality you will be paying a 30% premium compared to the best rates. Far from affordable funeral policies!.

    BEWARE, Stay Away From These 3 carriers if you are looking for a life insurance burial policy!!

    I get calls like this all the time!!



    Cheap Final Expense Burial Insurance 50% off

    It is possible to find yourself a cheap burial insurance polic​ies for senior citizens. Amounts of insurance coverage are usually between $2,000 – $40,000.

    Most carries offer this product up to $25,000, so there’s no reason to leave these expenses for your family to pay. Even with a lifestyle issue like DUI or a health impairment like diabetes, you can have no challenges getting a guaranteed acceptance or guaranteed issue policy.

    A guaranteed issue life insurance no medical exam no health questions is a life insurance program that will not look at your medical history.

    However, there is a graded period of 2 years. This is the waiting period that the insured must wait to receive the full death benefit do to illness.

    After the 2 years is completed, policy pays out in full. Keep in mind, these are permanent life insurance policies. The carriers we prefer that offer guaranteed acceptance life insurance is AIG, UHL & Gerber.

    Above all, our go-to carrier and product are Mutual of OMAHA and the name of the product is the living promise.

    In most cases, you will see up to 50% discount in premiums versus state farms burial coverage, Lincoln Heritage and funeral coverage with AARP. Mutual of Omaha’s Living Promise is a far superior product as well!

    The living promise is the best type of policy for affordable burial insurance, PERIOD!!! They are among the cheapest burial policies.


    WHAT IS THE BEST Affordable BURIAL INSURANCE for seniors

    You have been shopping around for awhile now, you may be overwhelmed and you are at the point of frustrating and you are asking the burning question, what is the cheapest burial insurance?

    Sometimes the cheapest isn't always the best.  It is always good to get carrier comparisons from your agent. Each carrier has certain niche's. 

    If you have been reading I am sure you have come to the conclusion of who we prefer the best burial insurance for seniors over 70.

    However, life insurance is not a one size fits all and sometimes requires a special product for a special situation. That special type of coverage maybe be for just burial and final expense. Here are the top 5 Burial Insurance Companies that we will bring to our clients.

    These are among the best funeral insurance companies. United of Omaha burial insurance is our #1 (Mutual of OMAHA burial insurance). 

    We are going to use $25,000 healthy male that is 60 years old.

    • 100% Death Benefit
    • Face Amounts $2,000-$40,000
    • Issues Ages 45-85
    • Underwriting: MIB, Script Check, Random PHI
    • Issue Age 30-59 $10,000-$100,000
    • Issue Age 60-69 $10,000 - $75,000
    • Issue Age 70-80 $10,000-$50,000
    • Critical/Terminal Illness Rider Built In
    • 100% Coverage Day One
    • Up To $100,000 In Coverage
    • Simple Phone Interview
    • Cash Value Growth
    • Issue Age 50-85 Nonsmoker
    • Issue Age 50-80 Smoker
    • Face Amounts $2,000-$30,000
    • Full Death Benefit Day One
    • Issue Age 50-85
    • Face Amounts Age 50-80 $35,000
    • Face Amounts Age 81-85 $15,000
    • 100% Death Benefit Day One

    Mutual of Omaha, Foresters and Phoenix Life have Living Benefits Attached to the policy. That's the coverage you don't have to die to have access to. 


    Is Burial Insurance A Good Idea

    Purchasing cheap burial insurance works primarily the same as any other final expense life insurance policy.

    In fact, it’s specifically designed to cover any final expenses such as funeral or cremation service, or debt such as credit cards and medical bills.

    For many insurance companies, you must be at least 50 years of age to be eligible for funeral insurance.

    However, Mutual of Omaha burial insurance will offer it from ages 45-85 with face amounts of $2,000-$40,000. Our final expense reviews on Mutual Of Omaha is A+.  

    Burial insurance is Usually a fixed premium rate. Primarily,  you won’t have to pay more as you get older. Furthermore, life insurance rates vary for all ages when it comes to burial insurance.

    The younger you are the cheaper it is. Above all, it's important to shop to find out what companies offer so call us and allow us to do that for you!


    WHAT IS COVERED BY BURIAL INSURANCE

    It is one thing to get prices for cheap funeral insurance, but I am sure your are asking, What is covered?

    It’s important to realize what a burial policy covers so there isn’t any confusion for your family when that dreadful day comes. It is generally for covering the cost of funeral and/or cremation services.

    Both of these funeral insurance costs are very different.

    Now if you’re OK with having your family member cremated and their remains handed to you in a bag and zip-lock, then you can find these as low as $1,000.

    The average cost of burial insurance varies. But a small service, urn, and a proper farewell can be as much as $3,000-$5,000.

    For a funeral, the average cost is around $10,000-$12,000, and as much as $25,000. Above all, it's important to know the proper amount of coverage that your loved ones will need in the event of your death.

    That is a very important conversation to have.

    How does burial insurance work? Pre-Need or Pre-Paid?

    Although there are many types of insurance, there are two kinds of plans to choose from Pre-Need Funeral Insurance or Pre-Paid Funeral Insurance.

    Pre-Need coverage plans are purchased straight from the undertaking establishment. With this type, you’re committed to a specific funeral home. Pre-Paid Funeral coverage will leave your funeral home up to your loved ones.

    This is all important when discussing funeral insurance for parents or burial insurance for seniors over 60. 


    WHAT ARE THE PROS TO GETTING BURIAL INSURANCE for seniors

    Above all, burial insurance with no waiting period is great. Most obviously, a final expense policy will pay for any final expenses. However, there are some other benefits to burial insurance.

    Its always better to know what are my options for life insurance. We’ll list a couple of these below:

  • Final expense policies usually have lower premiums than traditional life insurance plans, primarily a no medical exam life insurance company.
  • Burial insurance is usually a very quick and easy process. Acceptance is generally pretty lenient, and you won’t need to take a medical exam.
  • Those in poor health won’t be denied burial insurance like they might for a traditional life insurance plan. This is usually senior life insurance with no waiting period.

  • WHO NEEDS BURIAL INSURANCE 

    Final expense insurance is for people that are no longer covered by life insurance.

    Also, that have been denied or declined life insurance, or can no longer afford life insurance. It’s important to calculate how much your final expenses will cost before buying.

    Consider the cost of your burial plot, transportation, casket/cremation, etc. Keep in mind, even if you have unmanaged blood pressure and or high cholesterol, you will still be able to get a burial policy.

    Also, even if you are looking for life insurance with multiple sclerosis you will be able to get a burial policy and/or a guaranteed issue policy. Even life insurance for seniors over 75 can get a burial policy.

    We recently took on AETNA final expense which provides burial insurance for seniors over 85.

    I hate to sound like a broken record, but Mutual of Omaha is by far the best burial insurance and/or final expense policies in the industry. The underwriting is fast, prices are among the top rates in the industry.

    In fact, it comes with riders like accelerated death benefit, terminal illness, and nursing home confinement rider. Look above for more details. 

    Mutual of Omaha is our go to for burial insurance for seniors over 80. 

    Here at PinnacleQuote we still say that Mutual of Omaha offers the best burial insurance for seniors.


    HOW TO BUY BURIAL INSURANCE FOR PARENTS

    We are or all will be there one day. Looking for senior burial insurance for parents is very common. Our parents get older and maybe they aren’t able to take care of their own burial.

    In fact, when this happens it can be a major financial blow on a family. Usually, when our parents are near mortality we are starting out with a family or have middle aged kids.

    All things considered, an unexpected death of a parent and not properly prepared can be a huge financial blow. So it is very important to look at quality funeral insurance plans. 

    You see it all the time, “Go Fund Me” pages, or going into debt that will take years to pay off. So for your parents, usually a final expense life insurance for seniors policy will work best.

    Furthermore, burial insurance for parents is very important. 

    With that said, none of us have an account “earmarked” someone else’s funeral. However, there is an answer.

    The most important thing in determining whether or not you can acquire a burial policy for your parents is an insurable interest. In simple terms, insurable interest means you as the family member will accrue a financial loss or go into debt in the event of your parent passing away.

    Above all, you don’t want to put off or kick the can down the road when considering getting life insurance for your parents. Once they get to retirement age they are prone to health issues as their bodies break down naturally.

    As these breakdowns happen, it will affect the price as so will getting older. Ultimately putting it off will cost you thousands of dollars more.

    Also, an unexpected death will cause you to come up with $10,000 or more. Or even worse, giving your loved one a funeral that wasn’t in their wishes.

    For example, wanting a funeral but you only affording a cremation.

    Not giving your parents the proper funeral of their wishes because of not being prepared will surely bother most for years to come.


    HOW MUCH DOES BURIAL INSURANCE COST

    Most family members haven’t the slightest clue what rates will be when considering getting a burial policy for a parent. But what we do know and want to help you achieve is getting your the BEST cheap funeral insurance possible! 

    Burial Insurance Quotes or funeral insurance quotes, vary from carrier to carrier. The biggest mistake consumers make causing them to overpay is going to the agent that sold them their homeowners and/or auto insurance.

    These agents are usually captive and offer proprietary products. They also mostly sell you the gimmick of “bundling”. Life insurance can’t be bundled to save money but is only an add-on product. So Beware of these sales gimmicks because you will pay over 35% more.

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    When you considered pre-retirement or during retirement, this is the best time to take care of a burial policy. At this age usually, your health has minimal health impairments and a level of benefit will be very possible. Here are the best rates for burial insurance for parents over 60.

    Age

    Death Benefit

    Monthly

    Annual

    60

    $15,000

    $62.53

    $702.60

    63

    $15,000

    $74.17

    $833.40

    66

    $15,000

    $87.42

    $982.20

    69

    $15,000

    $103.57

    $1,162.50

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    After social security age of 65, year by year as you see above prices drastically start to increase. For instance, once you are in your 70’s mortality age for both men (77) and women (81) are within a decade. These rates really start to change year by year. Here are the best rates for burial insurance for parents over 70.

    Age

    Death Benefit

    Monthly

    Annual

    70

    $15,000

    $108.95

    $1,224.15

    73

    $15,000

    $130.42

    $1,465.35

    76

    $15,000

    $158.70

    $1,783.20

    79

    $15,000

    $187.84

    $2,109.45

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    Once you hit 80 years old, about 95% of the carriers will not take the risk of covering you. Once over 85, coverage is very limited, however, we can get you coverage up to age 90. Ask your local agent if you can pull that off. That’s what separates us and makes us the BEST!! Here are the best rates for burial insurance for parents over 80.

    Age

    Death Benefit

    Monthly

    Annual

    80

    $15,000

    $197.38

    $2,217.75

    83

    $15,000

    $243.52

    $2,736.15

    86

    $10,000

    $220.83

    $2,650.00

    89

    $10,000

    $286.67

    $3,440.00

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    SHOULD I GET FINAL EXPENSE INSURANCE OR LIFE INSURANCE

    If you are in good health and believe you’ll live for several more years, a traditional policy is an ideal choice. In fact, a term life insurance polices may be an option.

    However, if you’re in poor health, and you don’t have enough money for life insurance, the final expense insurance is appropriate.

    Again, our agents will help guide you through the entire process from start to finish, they will make finding a cheap burial insurance policy or final expense policy so simplistic.  

    Another avenue, and if you are over 50, getting a 20-year term life policy would bring you right to mortality age, male(77), Female(81).


    WHAT KINDS OF BURIAL INSURANCE PLANS ARE OUT THERE

    You’ll have to look around for the best burial insurance.  When you call PinnacleQuote, our agents shop for you with the top carriers out there, so you don’t have to. 

    Each company has the unique offers for burial insurance. Life insurance for seniors is an ever-expanding market. That’s why it’s important to compare several carriers before settling on one for your final expense insurance.


    STATE FARM BURIAL INSURANCE VS MUTUAL OF OMAHA

    See below the price comparison between State Farm and Mutual of Omaha. 

    State Farm Level Benefit  $15,000 Lifelong Protection

    Mutual of Omaha Level Benefit $15,000 Living Promise

    $87.54 Monthly/ $1,006.25 Annually

    $70.84 Monthly/ $795.90 Annually

    Most of our clients are on a fixed income.   Affordability is very important to us as we know it is important to you.  As you can see from the example above Mutual of Omaha's Living Promise Plan, is a low cost burial insurance choice. $210.35 per year savings to be exact.

    That is 💰  back in your pocket where it belongs!!!

    SOCIAL SECURITY OR DISABILITY AUTO DRAFTS

    If you qualify for one of the burial insurance plans, that you will be able to set your payment draft day depending on your which day of the month you receive your benefits.

    Whether that is the 1st, 3rd or the 2nd/3rd or 4th Wednesday of the month. 

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    BURIAL INSURANCE COMPANIES

    Of course Mutual of Omaha is one of our faves for burial insurance.  They offer a Living Promise. A level benefit plan for ages 45-85. Also, a Graded benefit plan for ages 45-80 (NY 50- 75). 

    Here a just a few of our other fave companies:

    • Royal Neighbors of America
    • Liberty Bankers Life
    • Phoenix 
    • Sentinel Security Life

    All great companies. As you know the average funeral cost in each state vary a bit. Here in Florida, the average burial cost is about $9,000.  

    Knowing that you have provided one of this fine choices to your family in the event of your death, gives you and your family peace of mind. Doesn't it? 

    Guaranteed Acceptance Burial Insurance Companies

    Here are some burial policies for seniors that may have been declined in the past. These carriers will approve you right on the spot.


    Although a graded period will be in effect, accidental death coverage is immediate at issue! Premium payments are level and the death benefit is guaranteed!

    AIG GI
    #1

    aig burial insurance

    AIG burial insurance offers a guaranteed issue burial policy with no questions asked. This is instant approval! 

    • Coverage Amount ranges from $5,000- $25,000
    • Ages 50-85

    AIG customer service number (800) 448-2542

    Gerber GI
    #2

    gerber burial insurance

    Yes, Gerber Life Insurance Company, is the baby food company!! However, they have fantastic insurance products ranging from college plans, term life, and guaranteed issue burial insurance. Again, no questions asked!

    • Coverage Amount ranges from $5,000- $25,000
    • Ages 50-80

    Gerber Life Insurance customer service number (800) 704-2180

    Great Western GI
    #3

    Great Western Life

    Great Western offers final expense Whole Life burial insurance with lower ages and higher coverage. This carrier is very good with consumers with significant health issues under 50 years of age. No questions asked, instant approval. 

    • Coverage Amount ranges $1,000-$40,000
    • Ages 40-80

    Great Western customer service number (800) 733-5454

    These policies are available for any health impairment with no questions asked, and no waiting period!! When you need to have a cheap funeral covered, this may be your only option. 


    HOW CAN I GET CHEAP BURIAL INSURANCE OR FINAL EXPENSE INSURANCE QUOTE

    When looking to purchase cheap burial insurance for seniors,  you’ll want to receive several quotes from the top final expense insurance companies out there.

    Mutual of Omaha is an example of a life insurance company that is both reliable and affordable. Quotes are easy to get — you can receive quotes on premiums without needing to purchase their policy.

    Important to know, when you apply for final expense insurance, you will not need to take a physical.

    In fact, this makes the process much more manageable. However, you will need to fill out a brief questionnaire that will ask you some personal questions, such as your age, job, whether or not you use tobacco, etc. Smoking cigars will not affect burial insurance.


    WHAT ABOUT NO MEDICAL EXAM LIFE INSURANCE

    Many look to final expense insurance because they are having trouble finding life insurance protection, due to age or severe health conditions, such as diabetes or any other high risk health impairment.

    However, they can still be covered by life insurance. They just need to check out no medical exam life insurance for seniors.

    Above all, this will provide much more coverage for your family than final expense insurance will.

    However,  it will be more expensive, of course. No medical exam premiums can be absurdly high.

    Also, some special risk coverage will not be covered by the traditional term life, so a burial policy is the only alternative.


    CAN A FUNERAL HOME BE A LIFE INSURANCE BENEFICIARY 

    Yes. If you purchase burial life insurance, and you intend to use the policy strictly to pay for your funeral expenses, then you can make the funeral home the beneficiary.  


    WHO CAN HELP ME GET AFFORDABLE FINAL EXPENSE INSURANCE

    Well, that is an easy answer!  ~ PinnacleQuote 

    Here at PinnacleQuote, we will know which carrier to connect you with, and which life insurance companies to avoid for a final expense policy.

    Our agents can help you find the very best cheap burial coverage and final expense policies at the lowest rates, from the top 10 final expense carriers on the market. Working with us will likely save you a lot of time and money.

    Although, if you’re looking for life insurance in your 30’s, burial policies have age restrictions. However, looking for life insurance over 50, burial policies are available. In fact, some of our burial carriers offer voice signature with same day approval.


    CHEAP BURIAL POLICY VIDEO


    PINNACLEQUOTE LIFE INSURANCE SPECIALISTS, NATIONAL INDEPENDENT AGENT

    We make things simple…

    When shopping for not only cheap burial insurance but for any life insurance plan,  trust in the fact that you want to go with an independent agent.  

    Actually, PinnacleQuote is a licensed national independent life insurance agent in 49 states.  Based in Jacksonville, Florida. As a matter of fact, we are in Duval County. The home of the Jacksonville, Jaguars football team!!! 🏈

    We have relationships with dozens of carriers. In any event, if you’re looking for a simple process, then let PinnacleQuote not only hold you by the hand, but guide you through the entire process from start to finish!

    More Important, If you have any questions regarding affordable funeral insurance, funeral insurance for parents or any question in general, please feel free to contact us at PinnacleQuote (855)380-3300.

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