Guide to Final Expense Insurance in Vermont

Yes, whether you live in Burlington, South Burlington, Rutland, Essex Junction, Bennington, or anywhere else in the state of Vermont, you may purchase life insurance coverage to pay for final expenses.

When it comes to getting final life insurance in Vermont, you have various choices.

You can purchase coverage online, directly reach out to a life insurance company by phone, or get in touch with a local insurance agent to ask for details and receive a complimentary price quote for your policy.

Anyone in Vermont who meets the approval criteria can access Final Expense Insurance. Some insurance carriers might have age restrictions, and these restrictions can differ among providers.

Yet, numerous insurance companies provide final expense life insurance plans tailored for individuals aged 45 to 85. Some of the prominent providers offering burial policies include Mutual of Omaha, Met Life, Gerber, and others.

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Final Expense Life Insurance Explained

Typically, final life insurance coverage falls under the category of permanent life insurance, offering a set amount of protection throughout your entire life.

Final Expense Plans allow you to choose the coverage amount without undergoing a health exam or answering health questions. These plans are referred to as "Guaranteed Issue" since they assure approval for anyone meeting the specified age requirements.

Amount of Coverage Available for Final Expenses

The burial and funeral coverage amounts offered by insurers can differ, typically ranging from $3,000 to $25,000. It's important to note that if you require additional coverage, you have the option to purchase policies from multiple insurance companies.

Age Requirements to Get Insured

The availability of burial expense insurance plans may vary by insurer, but could be 45-75, 40-80, or even 45-85 years of age, to get guaranteed approval insurance for burial, funeral and related end of life expenses.

Can I Get Final Expense Life Insurance for My Spouse?

Yes. If you're married, you possess an Insurable Interest in your spouse, allowing you to obtain final expenses coverage for them. You have the option to secure a burial and funeral policy for yourself and a separate policy for your spouse.

What If I Change My Mind?

Every life insurance policy includes a Free Look Period, determined by the state requirements in your place of residence.

During this period, typically ranging from 10 to 30 days, you have the option to return your policy and receive a Full Refund of all premiums paid. The specific duration depends on both your state and the insurance company.

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Statistics for Final Expenses in Vermont

• Expected VT life span: 78.8 years
• Average VT household income: $102,413
• Typical cost of a VT funeral and burial: $8,213
• Typical cost of a VT cremation package: From $2,297

Although cremations are gaining popularity due to their generally lower cost compared to traditional burials, families may still face additional expenses if they choose to hold a service, as is customary in any funeral.

A final expenses policy can make certain that your family has plenty of money to plan a dignified funeral and pay other bills like travel expenses or feeding guests; as well as, paying for the cost of your burial.

Burial, Funeral and Related Final Expenses in Vermont

Here are some Sample Costs for Burial and related Final Expenses:

• Metal Casket - $3,500
• Funeral Service Fee - $2,141
• Vault - $1,395
• Cremation Casket - $1,200
• Embalming - $529
• Headstone - $199 to $10,000
• Burial Plot - $1,000 - $4,000
• Flowers - $80 or more
• Dressing and Casketing - $205
• Viewing - $444
• Hearse - $332
• Transfer to Funeral Home - $347
• Utility Vehicle - $179
• Urn - $295
• Ceremony - $536
• Pamphlets / Prayer Cards - $175

What is the Average Cost of a Funeral in the U.S.A?

It depends on whether you opt for a burial or cremation.

The average cost of a funeral and burial is $7,360, according to the latest data from the National Funeral Directors Association (NFDA). If you get a vault — required by many cemeteries — that number rises to $8,755. 

The average cost of a funeral and cremation is a little lower: $6,260.

Can a Final Expense Policy Pay for Burial and Funeral Costs?

Yes. The money your beneficiaries receive from your insurance policy can be utilized to handle your funeral expenses.

If you currently lack coverage, consider exploring final expense life insurance. This type of permanent life insurance is crafted to cover end-of-life expenses such as funerals, burials, and outstanding medical bills.

Typically targeted for seniors aged 65 and older, these policies offer smaller coverage amounts ranging from $5,000 to $25,000 and often do not necessitate a health examination.

How Much Money Does a Vermont Final Expenses Life Insurance Policy Cost?

We recommend exploring various options since some insurance companies are more competitive than others. Additionally, companies determine their rates based on factors such as health, age, and location.

These are some examples of sample monthly premiums for a final expense insurance plan in Vermont for a man who is 67 and doesn’t smoke:

• $5,000: $48
• $10,000: $59
• $15,000: $74

Note: The Vermont final insurance rates provided above are merely examples and could vary based on the insurance company, location, and health evaluation. Premiums for the insurance policy may be paid either by the applicant or their family members.

Guaranteed Life Insurance for Seniors in Vermont

Even people with serious pre-existing health conditions can buy a final expense policy. 

Guaranteed life insurance for seniors asks no health questions. However, the insured person must outlive a waiting period (usually two years) to qualify for the entire death benefit. 

Before that, the policy might only refund previous payments, or pay the beneficiaries a part of the face value of the life insurance policy. 

Vermont Final Expense Life Insurance Quotes

Top Pick – Mutual of Omaha

Mutual of Omaha offers guaranteed acceptance whole life insurance for people ages 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 – Gerber Life

Gerber Life offers guaranteed issue life insurance for people ages 50 to 80. Choose $3,000 up to $25,000 of coverage. Rates start as low as $17.69 per month. There’s no medical exam and no health questions. You cannot be turned down. Get a Free Quote.