Burial Insurance for Siblings

How to Buy Burial Insurance for Your Siblings

Do You Need Burial Insurance for Your Siblings?

Common Reasons to Buy Sibling Burial Insurance

• Handicapped – Sibling with health issues, cerebral palsy, autism, down’s syndrome, etc.
• Guardian – You are the legal guardian of your sibling.
• Unemployed – Sibling is unemployed without insurance.
• Personal Loan – Sibling owes you money you loaned for school, auto, home, etc.
• No Money Saved for Their Final Expenses – Sibling is bankrupt, or has no savings.
• Pre-Existing Health Condition – Sibling has chronic health problems, which may include cancer, COPD, emphysema, etc.
• Because You Care – Your sibling is no good with money and you care enough to make sure he/she has a dignified burial.

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How Much Does a Burial Cost? 

According to a recent study performed on behalf of the National Funeral Directors Association, the average cost of a funeral and burial, and related expenses, is around $7,700.

 

What are Burial Expenses? 

They are items which would usually be included in the cost of a burial, including: 

• Burial Plot
• Burial Casket
• Headstone
• Funeral or Memorial Service
• Wake
• Flowers
• Transportation – Hearst, limousines

 

What is Burial Insurance?

It’s a small permanent life insurance policy used to provide the funds needed to pay for the cost of a person’s final expenses which may include a burial and funeral.

 

How Does It Work?

You purchase the burial insurance policy and you are the owner, you pay the premiums and the insurance is on your sibling. 

 

Can I Buy Burial Insurance on My Siblings?

Yes, you may purchase a burial plan on your siblings. 

Since you are related as siblings, you have an Insurable Interest in each other, which is required in order to buy life insurance on another person. 

You name yourself as the Beneficiary of the policy and upon your sibling’s death, you receive the death benefit from the insurance policy. 

You can purchase a burial policy and each of your siblings. 

You can use the money from the death benefit payout any way you choose, including to pay for the cost of your sibling’s burial, funeral and related final expenses; such as, a casket, headstone and burial plot.

 

How Much Burial Insurance Can You Buy?

You may be able to purchase up to $25,000 or more of burial insurance for each of your siblings.

What Does Burial Insurance Cost?

It depends on your sibling's age, gender, and the amount of insurance you want to purchase.

Get a free burial insurance quote.

 

Which Insurance Companies Offer Burial Policies?

There are several highly-rated insurance carriers that offer burial coverage, including the following:

• Mutual of Omaha – Rated A+ 
• Met Life – Rated A+
• Colonial Penn – Rated A- 
• AARP/NewYork Life – Rated A++
• Gerber Life – Rated A 

 

Is a Physical Exam Required to Qualify for Coverage?

No, usually there is no physical examination required to qualify for a policy.

 

Health Questions Asked?

Usually, if the policy is a Guaranteed Issue plan, you will not have to answer any questions about the health of the person to be insured by the policy.

 

What is Guaranteed Issue? 

It means there is no health exam and no health questions asked.

You can purchase the burial expense insurance policy and the coverage is "Guaranteed Approved", which means the applicant cannot be turned down due to any health problems, as long as the person to be insured meets the age requirements.

 

What are the Age Requirements for Guaranteed Acceptance?

The age requirements for guaranteed approval may vary by insurance company. 

For Example:

• Mutual of Omaha – Ages 45 to 85.
• Met Life – Ages 45 to 75.
• Colonial Penn – Ages 40 to 80.

 

What If I Change My Mind?

There's a 30 day money-back guarantee. So there is no risk.

 

Can the Insurer Cancel the Policy If Your Health Changes?

No, the insurance company cannot cancel your policy if your health changes.

The insurer can only cancel the policy if you request cancellation, or of you stop paying your premiums.

Is the Premium Guaranteed?

Yes, your premium is guaranteed to remain the same for the life of your policy.

 

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

Can I Get Life Insurance on My Sibling?

Yes, you can get life insurance on someone else. However, there are certain guidelines that must be followed.

One of the main factors is if there is insurable interest or not. An insurable interest means that if someone died you would suffer a financial loss, or you rely on the person for some form of financial support.

 

Insurable Interest in Your Sister or Brother

Typically, when we’re asked the question "Can I get life insurance for my brother?" or "Can I get life insurance for my sister?" it’s usually because the person calling is worried about what would happen if their sibling passed away without life insurance.  

Who Would Pay for Their Burial Expenses?

In situations like these the Un-Insured Sibling may be un-insured because they:

• Have Some Type of Pre-Existing Health Condition,
• Feel They Don’t Need Insurance, or
• Don’t Believe in Life Insurance.

 

This is why it can be difficult to get these individuals involved in the process of getting insured.

After all, depending on the type of life insurance being applied for, getting approved may be considered too much work for these individuals who aren’t interested in getting insured.

The Real Question Behind "Can I Buy Life Insurance for My Sibling?"

Many people consider burial insurance for their siblings because the siblings just won’t seem to get the insurance on their own.

Common Reasons for Not Buying Burial Insurance:

• Believe they don’t need it.
• Don’t like doctors
• Don’t trust insurance companies, or
• They don’t like to talk about their inevitable death.

 

There’s many different reasons to avoid buying burial insurance but that doesn’t change the fact that sooner or later we all die.

 

Fact: Only 52% of Americans have life insurance.

  

Can I Get Life Insurance on My Siblings Without Getting Them Involved in the Process?

Yes. However, it depends on the insurance company requirements.

 

How Can I Buy Sibling Life Insurance? 

Let’s just assume that your brother or sister is OK with you purchasing a burial policy on him/her.

What’s the Easy Way to Get Coverage on a Sibling?

Eliminate the need for a complete physical examination,

Allow everything to be completed over the phone or online in just minutes, and

Get rid of the long approval process. 

That way, even the most stubborn applicant can be persuaded to get insured for burial insurance.

 

What If My Siblings Don’t Want to Pay the Premiums?

It’s alright for someone else to pay the premiums.

A family member will often pay the premium for another loved one just so they can be sure that the insurance policy remains "In Effect".

The first step in getting burial insurance for your siblings is to click on the link below to request your free burial insurance quotes for each of your siblings you wish to insure.

 

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

Buy Guaranteed Life Insurance for People Under 50

Burial Insurance for Siblings

Family Burial Insurance