Best Burial Insurance for Seniors in 2023

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.

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.

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.

Learn more about Burial Insurance

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

The Truth about Guaranteed Issue Burial Insurance

SPECIAL FEATURES

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.

Apply for Burial Insurance 

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. 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 Insurance

There 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

1. AIG
2. Gerber Life
3. Great Western

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.