Guaranteed Issue Burial Insurance
No exam. No health questions. No decline.
The Truth about Guaranteed Issue Burial Insurance
SPECIAL FEATURES
-
-
- Available for those between the age of 40 – 80
- Cash value whole life policy for amounts between $2,000 – $35,000
- Two-year modified death benefit
- No health questions
- No medical exam
- You cannot be declined
-
-
-
- Chronic Illness Accelerated benefit
- Terminal Illness coverage at no extra cost
- Accidental death benefit rider
- Death benefit never changes
- Premium Never increases
- Premium is usually higher
- Tax-free death benefit
-
Guaranteed Acceptance and Waiting Period
Factually speaking, there are no guaranteed issue final expense plans without a waiting period. Usually, it lasts about two years. If the insured dies in the first two years, the insurance company will add a 10% interest (depending upon the carrier) on the paid premiums and send a refund to the beneficiary. A lot of people object to the waiting period, and want their burial insurance policy to pay full death benefit immediately.
It is possible to get a coverage without a waiting period. All you have to do is to apply when your health is not in a shambles. I am sure all of us know that insurance companies are not charitable organizations. Like everyone else, they also play by the numbers game. Having said that, please keep in mind that the majority of those looking for burial life insurance do qualify for plans without a waiting period.
How much does Guaranteed Issue (guaranteed acceptance) burial insurance cost?
The cost of burial insurance for seniors depends on four factors:
- your age
- your health(which in case of guaranteed acceptance is irrelevant)
- the state you live in, and
- the amount of coverage you want.
Here are a few examples of the rates from a few of the most affordable A or A+ rated insurers. The premiums have been rounded to the nearest 100. Subject to change by the insurance company.
Guaranteed Acceptance Burial Insurance Rates
| AGE | Male $15,000 Guaranteed Acceptance APPLY NOW | Female $15,000 Guaranteed Acceptance APPLY NOW |
|---|---|---|
| 40 | $73 | $59 |
| 41 | $74 | $60 |
| 42 | $77 | $63 |
| 43 | $79 | $65 |
| 44 | $80 | $67 |
| 45 | $82 | $68 |
| 46 | $83 | $69 |
| 47 | $84 | $70 |
| 48 | $87 | $72 |
| 49 | $87 | $73 |
| 50 | $66 | $51 |
| 51 | $71 | $55 |
| 52 | $75 | $58 |
| 53 | $80 | $61 |
| 54 | $83 | $64 |
| 55 | $86 | $66 |
| 56 | $89 | $69 |
| 57 | $91 | $71 |
| 58 | $93 | $73 |
| 59 | $94 | $75 |
| 60 | $95 | $76 |
| 61 | $102 | $81 |
| 62 | $109 | $85 |
| 63 | $115 | $88 |
| 64 | $121 | $91 |
| 65 | $127 | $93 |
| 66 | $133 | $98 |
| 67 | $137 | $102 |
| 68 | $141 | $106 |
| 69 | $145 | $110 |
| 70 | $148 | $113 |
| 71 | $162 | $124 |
| 72 | $175 | $134 |
| 73 | $187 | $144 |
| 74 | $199 | $154 |
| 75 | $209 | $162 |
| 76 | $244 | $185 |
| 77 | $273 | $207 |
| 78 | $278 | $228 |
| 79 | $308 | $207 |
| 80 | $308 | $264 |
Here is an an example of guaranteed issue or guaranteed acceptance burial insurance application.
Apply for Burial InsuranceThere are four kinds of final expense or burial insurance plans. All of these require no exam to qualify. But only the guaranteed acceptance burial insurance asks no health questions. The table below offers a clarity on the premium comparison. If you have any questions, give us a call at 866.526.7264.
Types of Final Expense Plans and their Rates
| MONTHLY RATES | AGE: 65 | |
|---|---|
TYPE OF COVERAGE | Face amount: $15,000 Male/Female |
| Level Benefit Whole Life Minor health issues NO WAITING PERIOD (just answer a few questions to qualify) | $62.90 / $53.61 |
| Modified Benefit Whole Life Minor to serious health issues TWO YEARS WAITING (just answer a few questions to qualify) | $93.18 / $72.42 |
| Graded Benefit Whole Life Minor to serious health TWO YEARS WAITING (just answer a few questions to qualify) | $107.54 / $82.54 |
| Guaranteed Acceptance Whole Life Uninsurable health TWO YEARS WAITING (no questions asked) | $127.28 / $93.45 |
| Please note: The rates quoted are estimates and are subject to underwriting by the insurance carrier. Rates do not include optional riders. For a no-obligation consultation, call us at 1.866.526.7264. |
Top Insurance Companies that Offer Guaranteed Acceptance in 2024
The following burial insurance quote engine quotes guaranteed acceptance final expense plans. If your health is in a reasonable shape, and you can qualify for other burial insurance plans as well, you will need to talk to a licensed professional (866.526.7264) to find out which final expense insurance plans you will qualify for. In order to an idea of premiums, please visit our BURIAL INSURANCE PAGE to run real time quotes for all types of plans. Remember, the premium and plan availability depend entirely upon your age, health, the state you live in, and the amount of coverage you are looking for.
PLEASE NOTE
By regulatory laws, agents and brokers offering life insurance products cannot charge a fee for service from a client. Therefore, your premium is exactly what an insurance company asks for and not a penny more.
SPECIAL NOTE: Apply for FEMA COVID-19 Funeral Assistance Helpline. Call 844-684-6333 | TTY: 800-462-7585 to see if you qualify.
