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Life insurance is one of the best safety nets that you can purchase. It’s one of the only ways that you can ensure that your loved ones have the money that they need, regardless of what happens. When you’re shopping for life insurance coverage, there are dozens of different factors that you will need to consider to ensure that you’re getting the best plan possible.
Burial insurance plans, are available for individuals 50 years of age and older who are seeking financial security and peace of mind. These plans are a very unique type of life insurance coverage that don’t work well for everyone. It’s important that you get the perfect amount of life insurance coverage.
Many people, particularly children, are often interested in learning more about Life Insurance for Seniors for their parents, yet whether you are looking to purchase a policy for yourself or a loved one, the same information holds true.
We know that shopping for life insurance coverage is never a fun task. It’s our mission to help you get the perfect plan available.
Why Consider A Burial Insurance Plan?
The topic of preparing for death and funerals is not one that many families look forward to discussing. However, the reality of the situation is that pre-planning for a persons final expense costs often saves time and money in the long run.
Depending on what policy you choose and the coverage available, you may often obtain a better, less expensive rate if you purchase a plan earlier on. It is often better to start the process while still at a younger and hopefully healthier.
Planning ahead also prepares you for the potential costs of a burial service. Read about the cost of burial insurance by clicking HERE
Should You Consider Final Expenses Now?
While some of us are aware of the extravagant costs that arise due to burials, funerals and other end of life expenses, not everyone understands how truly costly these expenses can be.
Chances are you do not want to burden surviving family members with shouldering the cost of a funeral so you may consider purchasing a plan to help offset the financial strain.
These policies can help to ensure that you and other members of your family will have the money available to cover any and all financial arrangements that you will have.
Additionally, if you have siblings/ Children, purchasing a policy now will ensure that all family members are involved in the plans and that no one will have unexpected costs thrown at them at the last minute.
Will Health Affect Seniors Life Insurance?
Keep in mind that you may not be in good health in the future; if you purchase a policy now while health conditions are minimal or nonexistent, you may be able to obtain a better premium for their coverage.
However, if you wait until the very last minute when they are suffering from serious health complications, you may need to pay higher rates than you would have if you had purchased the policy earlier.
The worst situation would be if you have to purchase a Guaranteed Issue Life Insurance plan. These plans are designed for those with severe health impairments.
Important Facts Regarding Seniors Life Insurance
Although specific policies and coverage will vary depending on your insurance provider, many seniors life insurance plans are offered to those 50 years of age and older. Plans do not require medical examinations to be completed by a physician, and applications for these policies are often available online.
You will only be asked questions in which the answers are either “yes” or “no.” However, it is vital that you be as honest as possible on these applications, regardless of whether medical examinations are required.
Additionally, these life insurance policies typically go up to $50,000 of coverage and provide immediate benefits upon death. Unlike some life insurance plans that make you wait two years before the life insurance protection kicks in, these burial insurance policies give you life insurance protection as soon as you purchase the plan.
Pick up the phone can give me a call for a free no obligation quote. My Toll Free number is 1-800-530-9134 or use my quote request form to start the Burial insurance quote process.
Are Burial Insurance Plans Right for You?
Before you purchase one of these burial insurance policies, it’s important that you determine how much life insurance protection that your family will need if something tragic were to happen to you. Not having enough life insurance coverage is one of the worst mistakes that you could ever make for your loved ones. There are several things that you should be aware of when you’re looking for burial insurance.
As we mentioned, most burial insurance plans are only going to give you around $50,000 worth of insurance coverage. For most people, that won’t be enough life insurance. These plans are designed for people that don’t have a mortgage payment or have people that rely on their monthly income. If you’re one of these people, then you can consider purchasing a smaller life insurance policy.
Another thing that you should take note of is how quickly you can get life insurance coverage. With a traditional life insurance plan, that gives a larger amount of coverage, you’re going to wait at least one month to get life insurance. With a burial insurance plan, you can get life insurance in a matter of hours. Burial insurance plans don’t require medical exams, and they are only going to ask you a few questions. Answer those questions, and then you’ve got life insurance coverage.
Another factor that you should consider is just how much your burial is going to cost your family. Most people don’t realize it, but the average funeral can cost around $10,000 worth of insurance protection. If something were to happen to you, and your family had to pay for your funeral, it can add financial stress in addition to the emotional stress that your family is already going through.
Questions about Funeral Insurance Plans
If you have any questions about life insurance coverage, please contact one of our agents today. We would love to answer those questions and connect you with the best plan possible.
There are dozens and dozens of different kinds of life insurance plans on the market. All of them have different pros and cons that you will need to consider before you purchase life insurance coverage. Instead of wasting hours and hours calling different companies and comparing different kind of policies, let one of our independent agents do all of the hard work for you.
Unlike a traditional insurance agent, we are a group of independent insurance agents. That means that we don’t work with one single company. Instead, we represent dozens and dozens of highly rated companies across the nation and we know which companies are going to give you the best life insurance coverage available. Our independent life insurance agents work with some of the most highly rated companies across the nation, and we can bring a personalized set of quotes directly to you.
Every insurance company is different, and all of them are going to give you different quotes depending on which company that you get the quote from. Every company has different quote rating systems and the rates that they are going to give you. Instead of calling all of the companies available to get the quotes, let one of our agents bring the best plans directly to you.
If you are good general health you can run your own quote on the front page of www.burialinsuranceplans.org. Use the quote module on the Right side of the home page.
You never know what’s going to happen tomorrow, which means that you shouldn’t wait any longer to get the life insurance coverage that your family deserves. If something tragic were to happen to you, and you didn’t have burial insurance coverage, then your family could be left with all of your debts and funeral costs.
We know that thinking about your own funeral is not fun, but not planning for the inevitable is one of the worst things that you can do. You can’t avoid death, but planning for it will make the whole situation easier for your loved ones.