Buy Burial Insurance Policy for Mother
Can You Buy Burial Insurance for Your Mother?
Yes, you can buy a burial policy on your mother if you have an Insurable Interest in her. If so, you may be able to apply for burial expense insurance coverage today.
Insurable interest means you rely on the person for some means of financial support, or you would suffer a financial loss if your mother were to die.
For instance, an adult man has an insurable interest in his mother because he may be the one paying for his mother’s burial and funeral costs.
You may have an insurable interest in your mother, father, spouse, siblings, children, family member, or business partner, among others.
For example, an adult son may buy burial insurance for his mother or father.
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
What is Required to Buy Burial Insurance on My Mother?
In order to buy a life insurance policy to cover burial costs on your mother you may need your mother’s permission, signature on the application, and she may have to answer some health questions.
However, some insurance companies may not require the insured to be notified about the life insurance policy, or answer any health questions.
How Much Does a Burial Cost?
The premium you pay for burial insurance on your mother will depend on her age, health, and the amount of burial life insurance needed.
Some plans may start at around $10 (or more) per month. Get a Free Quote.
Can I Buy Burial Insurance Online?
Yes, you may be able to buy your mother’s burial life insurance plan online.
Are You Wondering If You Can Buy Your Mother Burial Insurance?
If so, it may be easier than you thought.
Actually, in order to buy burial insurance on someone else, you may need the following:
- The person’s permission.
- The person’s signature on the application for life insurance.
- Your person may need to answer some health questions.
However, there are some insurance companies that may allow you to buy burial expense life insurance plans on another person without notifying that person.
In addition, in order to buy life insurance for burial expenses on someone else you are required to have an "Insurable Interest" in the person you want to insure.
Insurable Interest exists between parents and their children, spouses, family members, and business partners, among others.
Basically, insurable interest means you stand to lose financially if the person you wish to insure dies, or you rely on that person for some means of financial support.
Insurable interest does exist between parents and their children - so you can buy life insurance for burial costs on your mother.
Why Buy Burial Insurance on Someone Else?
If you buy burial life insurance on your brother (or someone else) you can name yourself as beneficiary of the life insurance policy.
And, you can use money from the life insurance policy to help pay for your mother’s burial, funeral, and other end of life expenses.
Purchasing Burial Insurance on My Mother
You can get life insurance on your Parents - Mother and/or Father.
However, there are certain guidelines that must be followed. One of the primary factors will be if there is an insurable interest or not.
An "Insurable Interest" means that if someone died you would suffer financial loss.
Or said in the positive, you have an insurable interest in another person if that person benefits you, such as financially, by his or her continued existence.
Insurable Interest in a Mother or Father
Typically, when asked the question "Can I get life insurance for my mother?" or "Can I get life insurance for my father?" it’s usually because the person is worried about what would happen if their parent passed away without life insurance.
For example:
- Who would pay for their burial expenses?
- How would his or her heirs survive "financially" after he/she was gone?
After all, if there is no life insurance in place the question then becomes, "Is there a plan in place to make sure final expenses would be taken care of?"
In situations like these the un-insured parent may be un-insured because:
- they have some type of pre-existing condition
- they don’t feel that they need insurance
- they may simply not "believe" in life insurance protection.
This is why it can be difficult to get these individuals involved in the process of getting life insurance in place.
After all, depending on the type of life insurance being applied for, getting approved may be considered too much work for a mother who isn’t interested in getting insured.
The Real Question Behind "Can I Buy Life Insurance for My Mother?"
We’ve found that most of the time when we’re asked, "Can I buy life insurance on my mother?" the person is asking the question because their mother just won’t seem to get life insurance on their own
It could be because they don’t:
- Think they need it
- Don’t like doctors
- Don’t trust insurance companies
- Think it’s too creepy to talk about how the will one day eventually pass away.
The point being people will make up lots of reasons not to buy life insurance but that doesn’t change the fact that one day, everyone including your mother, will pass away.
How Can I Buy Life Insurance on My Mother or Father?
Let’s just assume that your mother is OK with you purchasing life insurance on her, but she’s just not going to go out of his way to make it easy on you.
In this case, if you can:
- Eliminate the need for a complete health exam
- Allow everything to be completed over the phone in just a few minutes
- Get rid of the long approval process for coverage
What If My Mother Won't Pay the Insurance Premiums?
It’s OK, as this is a common situation.
A family member will often pay the premiums for another member of the family just so that they can be sure that the life insurance policy remains "In Effect".
Insurance companies don’t really want to find themselves allowing someone to insure another person without the insured having knowledge of the fact he or she is insured.
For this reason, some life insurers (but not all) may require the initial payment to be made by the insured person, and then switched to another individual after the first premium is collected.
Life insurance companies restrict the purchase of life insurance so that you may only purchase life insurance on those you have an insurable interest in.
An insurable interest is when you have a personal and economic interest in the life of the person you are insuring. You may be able to purchase life insurance on your mother, but there must be a good reason to do so.
Dependence on Mother
If you depend on your mother for some financial support, or for certain other reasons, you may purchase life insurance on her life.
For example, if you are permanently disabled and you can show the insurance company that your mother takes care of you, then you may be able to purchase a life insurance policy on her life.
Additionally, if you can show that you are permanently financially dependent on your mother then you may purchase life insurance on her life.
Burial and Funeral Expenses for Mother
You may purchase life insurance on your mother's life if you are responsible for her funeral, burial, and final expenses.
A burial-type insurance policy is purchased in this case. The size of the burial policy will depend on your mother's wishes.
However, the average cost of a burial, funeral and related final expenses, in the US is around $8,000 or more.
Common Reasons to Buy Burial Insurance on Your Mother
There are many reasons you may want to purchase burial insurance on your mother to help pay for her final expenses.
- Unemployed – If your mother has no income.
- No Savings – If your mother is not good with money.
- Bankrupt – If your mother has filed for bankruptcy.
- Owes You Money - If your mother borrowed money from you and has not repaid the loan.
- Disability – If your mother is disabled due to an injury or illness.
- Handicapped – If your mother has a mental or physical handicap.
- Legal Guardian - You are the Legal Guardian for Your Mother
- Chronic Illness - If your mother has a Chronic Illness
- Uninsurable – If your mother is unable to get insured for any reason; such as, due to addiction, incarceration, age, health, driving record, credit history, etc.
- Business Partners – If your mother is your business partner.
Burial Insurance Quotes
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
Highly Recommended – Met Life
MetLife offers guaranteed issue life insurance for people age 45 to 75. Choose $2,500 up to $20,000 of coverage. Rates start as low as $10 per month. There’s no medical exam and no health questions. You cannot be turned down.
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Disclosure: Compensated Affiliate