Burial insurance offers peace of mind for you and your loved ones. When you experience the loss of a loved one, the last thing you want to deal with is the enormous expense of a funeral and burial. Burial costs can quickly amount to thousands of dollars.
You may want to make sure your family is taken care of by investing in burial insurance. Today, the average funeral can cost over $10,000 and that number is expected to double within the next 15 years. Burial insurance gives you the security of knowing that these expenses are covered.
Burial Insurance Benefits
While burial insurance varies from state to state, it is available to people ages 50 to 85 in most states. Premiums never increase and the death benefit never decreases. A medical exam is virtually never required.
While many people delay on getting insurance because they fear it will be a bother, applying for burial insurance for seniors is quick and easy. Full coverage burial insurance provides the best possible investment for your money. Other burial insurance plans are also available, depending on your financial situation.
All insurance companies are not created equal, the majority of the time when you buy a policy over the phone you are going to have a 2 years waiting period before your policy pays out in full. So you are typically paying more and not getting the same benefit as compared to going with a local Independent agent.
The reason for this is because Independent agents shop around to different companies that have different health questions to insure you get the most bang for your buck!
Unless you have had to deal with the passing of a loved one who had purchased a policy over the phone you have no idea how frustrating it is to call a 1-800 number trying to get the funds needed to pay for the funeral. On the opposite side of the coin it is much easier to contact your local agent who you have met in person and wants to help you get this resolved as soon as possible because their reputation in the community is depending on it.