No Wait Burial Insurance – Guaranteed Issue for Ages 18-70, No Exams Needed

Navigating the world of insurance can often feel like deciphering a complex puzzle, but when it comes to finding burial insurance with no waiting period, the goal is clear and simple.

If you're aged 18 to 70 and are looking to secure financial peace of mind for your loved ones without the burden of undue costs at your passing, then you're probably eyeing policies that activate immediately.

Particularly for seniors or those with chronic health issues, such immediate coverage isn't just advantageous; it may be downright necessary.

Guide to No Waiting Period Burial Insurance

Quick Review

Burial insurance with no waiting period is a type of life insurance policy designed to cover funeral and burial expenses immediately upon the policyholder's death, without any delay.

Unlike traditional guaranteed issue life insurance policies that may have a waiting period before benefits are payable, these policies provide immediate coverage from the moment they are active, ensuring that beneficiaries can access funds quickly to cover end-of-life expenses.

This type of insurance is particularly beneficial for individuals who may have health issues or are older, as it offers peace of mind knowing that their loved ones won't face financial burdens related to their funeral costs.

Understanding Burial Insurance

Burial insurance with no waiting period is highly coveted for offering immediate coverage for end-of-life expenses—an endeavor many embark upon to sidestep the significant financial burden funerals can impose, typically ranging from $7,000 to $15,000 based on the National Funeral Directors Association.

As a result, few insurance companies, such as Allstate Benefits, have stepped into the spotlight, providing guaranteed issue policies that commence coverage the month following approval, officially eliminating that dreaded waiting period.

Waiting Periods are Common

Interestingly, most insurers offer guaranteed issue burial policies with a waiting period—often a graded death benefit lasting two to three years.

Under such policies, should the insured pass away from non-accidental causes during this waiting period, beneficiaries often retrieve only the premiums paid plus a small amount of interest.

No Waiting Period

With Allstate Benefits Insurance Company, however, the game changes: Coverage takes effect almost immediately, providing a crucial financial safety net soon after policy approval.

Over 70 – Consider Mutual of Omaha

If you're over 70, you might also consider Mutual of Omaha's offering. They cater to individuals aged 45 to 85, featuring a guaranteed approval product that provides up to $25,000 in coverage.

Although it, too, includes a two-year waiting period for non-accidental deaths, the policy shines with full coverage for accidental deaths from day one. Get a FREE Quote.

Such details underpin the importance of scrutinizing available options, especially if immediate coverage bears utmost significance.

Benefits of Allstate Benefits Insurance Company

Allstate Benefits Insurance Company makes a compelling choice with its straightforward attributes, emphasizing both inclusivity and accessibility.

Key Benefits Include:

• Immediate Coverage: Full coverage activates promptly after policy approval.
• Simple Process: No medical exams or health questions—just a quick application.
• Flexibility: Coverage is extended to include spouses and children, up to $75,000.
• No Waiting Period: Effectivity the first day of the following month post-approval.

Start Your FREE Quote

NOTE: The policy goes In Force on the first day of the month after it's purchased.

For example, if the policy was purchased during the month of January, it would be active February 1st.

Limitations of Burial Insurance

Yet, it's not without limitations. These include:

• Limited maximum coverage ($75,000) when compared to traditional life insurance options.
• Primarily designed for funeral expenses—not ideal for broader financial needs.
• Potentially higher premiums due to the lack of medical underwriting requirements.

Eligibility Requirements for Guaranteed Approval

To be eligible for Allstate Benefits coverage, one must:

• Be aged between 18 and 70.
• Reside in an eligible location within the company's coverage area – U.S. citizen.
• Complete an application, although no medical exams or health questions are required.
• To qualify, applicants must be working at least 20 hours per week and not collecting any form of disability income or SSDI.

NOTE: Mutual of Omaha offers guaranteed approval for ages 45-85 but has a 2-year waiting period for full benefits.

Top Burial Life Insurance Companies

U.S. residents comparing burial policies will find several insurance companies ready to assist. Two notable providers are Allstate Benefits Insurance Company and Mutual of Omaha.

• Allstate Benefits Insurance Company offers coverage from $10,000 up to $75,000 for people ages 18 to 70 years old, with no waiting period, and extends coverage options to spouse and children. Get a FREE Quote.
• In contrast, Mutual of Omaha provides from $2,000 up to $25,000 in coverage for people aged 45-85, with a 30-day free look period. There is a two-year waiting period for full benefits. Get a FREE Quote.

Both offer level premiums and coverage, but consider the maximum coverage, waiting period options, and additional benefits when choosing.

Recent A.M. Best ratings highlight the financial strength of both companies, with Mutual of Omaha and Allstate Benefits both holding an "A+" rating, confirming their stability and reliability for policyholders.

Features of Allstate Benefits vs. Mutual of Omaha

Let's break down the features of Allstate Benefits vs. Mutual of Omaha for guaranteed acceptance coverage.

Allstate Benefits Insurance Company

• Guaranteed Acceptance: Ages 18-70
• Coverage Amount: $10,000 up $75,000
• Available in every state and DC (except NY)
• No Medical Exam Required
• No Health Questions Asked
• No Waiting Period
• No 2 Year Graded Death Benefit
• Policy builds cash value, loan available
• Lifetime protection
• Premiums never increases, coverage never decreases

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NOTE: To qualify, applicants must be working at least 20 hours per week and not collecting any form of disability income or SSDI.

The policy goes In Force on the first day of the month after it's purchased.For example, if the policy was purchased during the month of January, it would be active February 1st.

Mutual of Omaha

• Guaranteed Acceptance: Ages 45-85 (50-75 in NY)
• Coverage Amount: $2,000 up to $25,000
• Two year waiting period limited death benefit
• No physical exam
• No health questions asked
• 30 day money-back guarantee
• Policy builds cash value, loan available
• Lifetime protection
• Premiums never increase, coverage never decreases

Start Your FREE Quote

Health Issues or Denied Coverage – No Problem

Understanding burial insurance, particularly policies that bypass waiting periods, can be a game-changer in ensuring peace of mind. These policies typically bypass invasive procedures or health screenings, making them particularly attractive to those who have previously faced denials from traditional life insurance due to health or age.

Given these merits, many seniors—often on fixed incomes or with pre-existing conditions—find such policies to be a lifeline. With monthly premiums typically ranging from $20 to $50, they become an affordable alternative to the otherwise burdensome costs of a funeral.

Cost of Burial Life Insurance

When considering burial insurance, it's helpful to compare sample rates. These rates are subject to change based on various factors such as health status and benefit exclusions.

However, once you start your coverage, the rate you pay is locked-in (will never increase).

The pricing of guaranteed issue burial insurance with no waiting period is determined by several factors including age, gender, health condition, and the amount of coverage desired.

Common premium payment options include monthly, quarterly, or annual payments, making it flexible for your budget.

Sample Premiums

Here's a comparison of monthly premiums for $10,000 coverage for non-smokers age 50:

Allstate Benefits:

• Male: Approximately $28.18/month for $10,000 coverage.
• Female: Around $28.18/month for $10,000 coverage.
• Get a FREE Quote

Mutual of Omaha:

• Male: Close to $40.20/month for $10,000 coverage.
• Female: About $30.40/month for $10,000 coverage.
• Get a FREE Quote

These rates are based on various factors including age, gender, and smoking status. It's a good idea to check for personalized quotes to get the exact figures.

Average Funeral and Burial Cost in the U.S.A.

As you assess the costs, it's valuable to consider the average funeral and burial expenses in Montana, which sit around $8,591.

These figures help underline the adequacy of coverage amounts typically offered by guaranteed acceptance life insurance policies.

Understanding the average burial and funeral cost in the U.S.A. helps underscore the importance of such a policy. By planning with burial insurance, you can ensure that your loved ones are not left with this financial burden during a difficult emotional time.

How to Apply for Burial Insurance

Are you ready to take the leap? Here’s a straightforward rundown of steps involved in purchasing a guaranteed issue burial insurance policy with no waiting period:

• Research and List Potential Providers.
• Compare Coverage Options and Terms.
• Contact the Provider for a Quote.
• Fill Out Application (No medical exam needed).
• Await Policy Approval.
• Confirm Policy Activation and Benefits.

Discuss with Your Family

The purchase of a burial insurance policy is often a family affair. It's not uncommon for policyholders to discuss options with loved ones, ensuring the chosen path aligns with everyone's expectations and financial realities. Open dialogue can foster understanding, alleviating worries about potential financial burdens.

Consulting with an insurance agent can offer further insights. Agents bring a wealth of knowledge that can help refine and tailor choices to fit specific needs, addressing concerns around coverage limits and premiums, ultimately assisting in making an informed decision.

Consider Benefits versus Cost

Once a policy is selected, integrating this cost into a broader financial plan is crucial. This incorporation can help maintain financial stability across fixed incomes, ensuring that monthly premiums are sustainably met without compromising day-to-day living expenses.

Peace of Mind

Financial security and peace of mind, two goals that can be seamlessly achieved with the right burial insurance. Such policies ensure that families aren't encumbered by unforeseen costs, allowing you to maintain the assurance that your final wishes are respected.

Summary

In conclusion, burial insurance with no waiting period stands as a reliable solution for those seeking immediate coverage, particularly within the 50 to 85 age-bracket. Whether through Allstate or other competitive options, such policies offer an invaluable safety net, guiding individuals and their families toward a future unburdened by the high costs of farewell.

Should you feel prepared to move forward, don't hesitate to request a free quote from Allstate Benefits or another provider that aligns best with your priorities. This step marks the beginning of a relieving journey toward securing coverage with immediate effect.

Burial Life Insurance Quotes

Top Pick – Allstate Benefits Insurance Company

Allstate Benefit's Guaranteed Acceptance policy offers $10,000 to $75,000 of coverage to working applicants between the ages of 18 and 70. Rates start as low as $9.65 per month. There’s no medical exam and no health questions. You cannot be turned down. You can get a quote and apply today. Start Here to get a FREE Quote.

NOTE: To qualify, applicants must be working at least 20 hours per week and not collecting any form of disability income or SSDI.

No Waiting Period: The policy goes In Force on the first day of the month after it's purchased.

For example, if the policy was purchased during the month of January, it would be active February 1st.

Highly Recommended – 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

NOTE: Mutual of Omaha has a 2-year graded death benefit waiting period for non-accidental death.