Guaranteed acceptance burial insurance. No exam. No health questions.
Guaranteed Issue Burial Insurance, also known as Guaranteed Acceptance is a whole life insurance policy designed for those who, due to chronic or other serious health conditions, cannot qualify for final expense insurance.
No medical 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

Guaranteed Acceptance and Waiting Period

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 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 qualify for plans without a waiting period.

Many a times, I hear angry prospects telling me that they would rather put their money in the bank. Well, I would like to know which bank will give you 10% interest on your deposit for the first two years, and then upon your death, offer the entire principal income-tax free.
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How much does Guaranteed Issue (guaranteed acceptance) burial insurance cost?

The cost of burial insurance for seniors depends on four factors:

  1. your age
  2. your health(which in case of guaranteed acceptance is irrelevant)
  3. the state you live in, and
  4. 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.

Guaranteed Acceptance Burial Insurance Rates

AGEMale
$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

An example of guaranteed issue or guaranteed acceptance burial insurance application.

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There are four kinds of final expense or burial insurance plans. All of these require no medical exam to qualify. But only the guaranteed acceptance burial insurance has no 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
Insure in MInutes
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.

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 license 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.

Best burial insurance companies

SPECIAL NOTE: Apply for FEMA COVID-19 Funeral Assistance Helpline. Call 844-684-6333 | TTY: 800-462-7585 to see if you qualify.

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Burial insurance for seniors
If any source gives you a list of the 'best' burial insurance companies, that source either doesn't know what it's talking about, has personal interest in selling you those companies, or worst of all, has been paid to lie to you.

The Best Burial Insurance

There are around one hundred life insurance companies with dedicated burial insurance plans. When you go online and search for the best burial insurance companies for seniors, all you get is a bunch of websites offering you their favorites.

It is easy to believe what you see online at a ‘credible’ website. The generic use of the word ‘best’ for the companies they offer is just misleading. The right word to use is ‘suitable’.  What is the best for one may not work for another.

Which is the best burial insurance company?

The simple answer is

  • the one that has been in business for a while;
  • has the right kind of plan for you and,
  • you happen to qualify for that plan at an affordable rate. 

There usually is an underwriting guideline that disqualifies you with one company, but qualifies with you another.

For example, if someone is 5′ 11″ tall and 380 lbs., the fact is that most companies will either deny coverage or offer a graded/modified burial policy. There are a very small number of companies that don’t underwrite based on height and weight chart. The only option left in this case is to go to one of those companies for burial insurance and see if it qualifies you.

Now, is it going to be affordable?

That’s up to you. Affordability is relative. The premium of a life insurance policy, including burial insurance is based on age, health and lifestyle. How much coverage you are looking for also matters.

Matching you with the a company that offers you the best burial insurance option at a price you can afford is what an insurance agent supposed to do.
Many a times, I have talked to people who are set on getting a certain about of coverage but can’t afford that. Sometimes they give up in frustration, and keep going without a financial protection for the the loved ones who might have to beg, borrow or, steal to give them a decent burial in the end.

I am taking insulin for diabetes. But otherwise, I am in perfect health.

It is interesting how many times I have heard a statement like that. I am always smiling when I hear that over the phone. The fact is, forget about diabetes, heart attack, cancer or stroke, if you just have high blood pressure, you are not well.

So which insurance company will be the best fit for you?

The other factors that play a role in that decision are:

  • the method of premium payment, and
  • the total amount of coverage you want.

Not every insurance company will accept a credit card, debit card, or a Direct Express card. But everyone accepts a checking or savings account. So, in this case, the most suitable and best burial insurance company is the one that takes your premium using the payment method that best suits you.

BESTOW INSTANT ISSUE

Burial insurance companies

PLEASE NOTE:
This is how a blog that doesn’t have your best interest in mind, reads like: MISLEADING BLOG

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