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 A Cheap Burial Insurance For Seniors

Most consumers close to retirement need to know how to get burial insurance!! When you pass away, it’s always going to be extremely difficult for your family, don’t leave them to cover your final expenses, be on top of it!!  After all, a memorial service is not cheap! You need to find a burial life insurance policy that will cover funeral costs, your casket, flowers, etc. Funeral expenses alone are usually around $10,000. 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 for a proper funeral service!

The three life insurance companies to stay away from when it comes to burial coverage is State Farm burial Lincoln Heritage Life Insurance and funeral coverage with AARP. 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

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 AARP, they claim it’s for your entire life. 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.

Lastly, Lincoln Heritage and their late night TV commercials boasting how they will take care of everything for your funeral. In fact, its a total scam. Lincoln Heritages 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. 

BEWARE, Stay Away From These 3 carriers!!

I get calls like this all the time!!



Cheap Final Expense Burial Insurance 50% off

It is possible to find yourself a cheap burial policy. Amounts of 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 policy or guaranteed issue policy. A guaranteed issue life insurance requires NO health questions.

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.

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!!!


WHAT IS THE BEST BURIAL INSURANCE for seniors

If you have been reading I am sure you have come to the conclusion of who we prefer the best. 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.

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

However, Mutual of Omaha 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. 


WHAT IS COVERED BY BURIAL INSURANCE

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 the costs for these are very different.

Now if you’re ok with having your family member cremated and their remains handed to you in a bag and ziplock, 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.

    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. 

    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. 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. 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.

    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. Burial 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.

    Insert table

    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. 

    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:

    • Fidelity Life
    • Americo
    • Phoenix 
    • Assurity

    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? 


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

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


    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, 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 A Cheap Burial Insurance For Seniors

    Most consumers close to retirement need to know how to get burial insurance!! When you pass away, it’s always going to be extremely difficult for your family, don’t leave them to cover your final expenses, be on top of it!!  After all, a memorial service is not cheap! You need to find a burial life insurance policy that will cover funeral costs, your casket, flowers, etc. Funeral expenses alone are usually around $10,000. 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 for a proper funeral service!

    The three life insurance companies to stay away from when it comes to burial coverage is State Farm burial Lincoln Heritage Life Insurance and funeral coverage with AARP. 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

    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 AARP, they claim it’s for your entire life. 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.

    Lastly, Lincoln Heritage and their late night TV commercials boasting how they will take care of everything for your funeral. In fact, its a total scam. Lincoln Heritages 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. 

    BEWARE, Stay Away From These 3 carriers!!

    I get calls like this all the time!!



    Cheap Final Expense Burial Insurance 50% off

    It is possible to find yourself a cheap burial policy. Amounts of 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 policy or guaranteed issue policy. A guaranteed issue life insurance requires NO health questions.

    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.

    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!!!


    WHAT IS THE BEST BURIAL INSURANCE for seniors

    If you have been reading I am sure you have come to the conclusion of who we prefer the best. 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.

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

    However, Mutual of Omaha 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. 


    WHAT IS COVERED BY BURIAL INSURANCE

    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 the costs for these are very different.

    Now if you’re ok with having your family member cremated and their remains handed to you in a bag and ziplock, 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.

    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. 

    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. 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. 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.

    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. Burial 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.

    Insert table

    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. 

    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:

    • Fidelity Life
    • Americo
    • Phoenix 
    • Assurity

    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? 


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

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


    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, please feel free to contact us at PinnacleQuote (855)380-3300.

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