Burial Insurance for My Husband
When planning for the future, burial insurance, often known as final expense insurance, can provide peace of mind.
If you’ve ever wondered — “How do I buy burial insurance for my husband?” — you’re not alone. Many couples are looking to protect their finances and alleviate stress for loved ones at the time of a spouse’s passing.
This concise guide aims to clear up any confusion while providing step-by-step instructions on procuring burial insurance.
Guide to Buying Burial Insurance on Your Husband
Quick Review
Burial insurance for your husband is a type of life insurance policy designed to cover funeral and burial expenses, ensuring that these costs do not become a financial burden on your family.
Typically, it offers a smaller death benefit compared to traditional life insurance, ranging from $5,000 to $25,000, and is often easier to qualify for, with simplified underwriting processes.
This insurance can provide peace of mind by ensuring that funds are available to cover end-of-life expenses, allowing your family to focus on grieving and remembrance rather than financial concerns.
How Burial Life Insurance Works
Burial insurance is a type of life insurance designed to cover funeral and burial expenses. Unlike traditional life insurance policies that focus on leaving a financial legacy, burial insurance provides just enough coverage to manage end-of-life costs, including funeral and burial expenses.
You might hear it described as guaranteed issue permanent life insurance because it offers guaranteed funds to cover vital needs like memorial services, caskets, and burial plots often up to $25,000, and it guarantees your approval for coverage if you meet the age requirement.
Requirements to Buy Burial Insurance on Husband
Thinking about what’s required to buy burial insurance for your husband? It’s relatively straightforward.
You’ll need:
- Proof of age and identity (a birth certificate or driver’s license)
- Information on your husband’s medical history (though many plans, like guaranteed issue, don’t require medical exams)
- Insurable interest (as a spouse, you naturally have this)
- Your husband’s permission, as well as his signature on the application
NOTE: Guaranteed issue burial life insurance plans offer guaranteed approval for people ages 45-85, with no physical exam required and no health questions asked.
How to Buy Burial Insurance on Your Husband
Now, wondering how to buy burial insurance for your husband?
Here’s what you should do:
- Research and compare insurance companies
- Contact an insurance agent or visit the insurer’s website
- Request free price quotes for different coverage amounts (start with $10,000 and adjust as needed)
- Review the policy terms and conditions, ensuring there are no exclusions affecting coverage
- Complete the application process
- Confirm approval and receive the policy documents
What is the Average Cost of a Burial and Funeral?
Understanding the average cost of a burial and funeral can further guide you.
According to the National Funeral Directors Association, the median cost of a funeral with a viewing and burial was about $8,300 in 2023.
This includes costs like the mortuary's basic service fee, casket, embalming, and the use of a hearse. Other additional expenses may include a burial plot, headstone, and flowers, quickly escalating the total.
What is the Cost of a Burial Life Insurance Policy?
Knowing the cost of burial policies can help tailor your coverage needs.
For example, Mutual of Omaha offers competitive burial insurance rates. For a 50-year-old male, a policy providing $10,000 in coverage might cost around $37 to $40 per month, depending on health considerations and the specific policy.
Start Your FREE Burial Life Insurance Quote
Tips for Buying Burial Insurance on Your Husband
Looking for tips when buying burial insurance for your husband?
Consider these:
- Choose a policy with fixed premiums that won’t increase over time
- Ensure the policy provides lifetime protection without decreasing coverage
- Evaluate the insurer’s financial rating to ensure their reliability
- Take advantage of the 30-day free look period to review the policy detail
- Plan ahead and discuss final wishes with your husband to ensure the policy meets your needs
Best Burial Insurance Company – Mutual of Omaha
When considering insurance companies, Mutual of Omaha stands out as a top choice for burial insurance. They offer policies with lifetime protection assuring your premiums will remain level. Their policies don’t require medical exams, providing guaranteed approval for individuals aged 45 to 85. Beneficiaries receive the death benefit to cover any burial expenses directly.
Mutual of Omaha's financial strength can be validated through its A.M. Best rating, which reinforces the company’s stability and reliability in fulfilling policyholder obligations. Currently, they boast a strong A+ (Superior) rating, illustrating their robust position in the insurance industry.
Mutual of Omaha: Coverage Specifics
- Coverage Amount: Up to $25,000
- Permanent Lifetime Protection
- Age Requirement: Ages 45 to 85 (50-75 in NY)
- Financial Strength Rating: A+ (Superior) by A.M. Best
- No Medical Exam
- No Health Questions Asked
- 30 Day Money Back Guarantee
- Premiums Never Increase
- Coverage Never Decreases
- Guaranteed Spousal Coverage for applicants aged 45-85
- Builds Cash Value that can be borrowed from in the future
- Available in every state and DC (in NY ages 50-75 only)
Note: Graded Death Benefit
A Guaranteed Acceptance policy from Mutual of Omaha includes a graded death benefit.
If the death occurs from a natural cause (not accidental) during the first two years of the policy, your listed beneficiary will receive all premiums paid into the policy plus an additional 10 percent.
Once the two-year period ends, your beneficiary will receive the policy’s full death benefit.
Financial Planning
The urge to protect your loved one’s future is natural, especially if you're navigating senior years together. As we often hear through industry reports from the Insurance Information Institute, robust planning translates to emotional relief and financial comfort. Burial insurance serves as a crucial aspect of sound financial preparedness.
Peace of Mind
Yet, it’s not just about the numbers or plans; burial insurance is about peace of mind. Knowing your husband’s burial expenses are covered ensures your family isn’t left in financial distress during a period that’s already emotionally challenging.
Not Burden Your Loved Ones
Burial insurance policies offer a tailored solution that protects against inflation and unexpected costs. It’s a simple way to ensure that the financial implications of a funeral don’t overtake the cherished memories left behind.
Securing burial insurance acknowledges the care you have for your husband and family, removing potential hardships.
Request a FREE Quote
When you decide to request a quote, remember, it’s a no-obligation way to explore your options. You can start the process online or speak to an insurance expert eager to navigate the complexities of insurance.
Speak with Your Husband
As life insurance for burial becomes crucial, educate yourself using reliable resources and maintain open communication with your husband. Discuss his final wishes and align the insurance policy to ideally suit your needs, highlighting mutual understanding in your investment in peace of mind.
Summary
Though it’s a important subject many prefer to sidestep, early planning and thoughtful purchasing of burial insurance for your husband ensures that his legacy is honored without burdening the family financially. Start today by requesting a free quote from a reputable source, like Mutual of Omaha, and move forward with confidence and peace of mind.
Top Pick – Mutual of Omaha
Mutual of Omaha offers guaranteed acceptance whole life insurance for people age 45 to 85. Choose $2,000 up to $25,000 of coverage. Rates start as low as $8.84 per month. There’s no medical exam and no health questions. You cannot be turned down. You can get a quote and apply online now. START HERE to get a FREE Quote.
- Your life insurance policy comes with a 30 day Risk-Free, Money-Back Guarantee
Burial Insurance for Family Members
Burial Insurance for My Husband
Disclosure: Compensated Affiliate