What is Guaranteed Issue Burial Insurance?
Guaranteed issue burial insurance is a type of whole life insurance policy offered to people between 45 to 85 years old.
Usually, seniors who can’t qualify for traditional life insurance because of severe medical conditions or have been turned down for coverage seek out these plans.
Approval for a guaranteed approval burial policy is guaranteed without any medical examination or health questions asked.
How Much Does Guaranteed Acceptance Burial Insurance Cost?
In most cases, individuals take burial policies that pay out anywhere from $5,000 to $25,000. This figure is large enough to cover an entire funeral (often with money to spare), but is typically smaller than a life insurance policy, so it costs much less to take out in the first place.
What are the Benefits of Burial Life Insurance Coverage?
Burial insurance, also known as final expense plans, is a type of permanent insurance. Unlike term life insurance and other life insurance policies, you don't normally have to undergo a medical exam. If you are on a fixed income and have been turned down for a term life insurance policy, burial insurance is an option to ensure your funeral planning outcomes.
Is Burial Insurance Worth Buying?
According to the FTC (Federal Trade Commission), the cost of an average funeral can exceed $10,000. Therefore, burial expenses insurance is definitely worth considering if you do not have adequate funds on hand to cover this cost.
Why Choose Guaranteed Acceptance Insurance?
It’s a Good Value
It’s designed to help cover the cost of final expenses including funeral costs, medical bills and other debts, for people age 45-85.
It’s Guaranteed
Your life insurance protection is guaranteed throughout the life of your policy. Your annual premium is guaranteed never to increase, and the amount of life insurance coverage provided by your policy is guaranteed never to decrease.
It’s Easy to Get Insured
Your acceptance for a policy is guaranteed, as long as you meet the age requirements.
There are no health examinations to take and no health questions for you to answer.
Why Choose Guaranteed Approval Life Insurance for Your Burial Costs?
Without a life insurance plan in place to cover your final expenses which may include the cost of your burial, funeral, medical bills and other debts, these costs could fall upon your loved ones who may be put in a financially stressful situation having to come up with the money to cover these expenses.
A final expense policy can give you peace of mind knowing your family members will not be left with a financial burden if you die.
Features of Guaranteed Issue Burial Insurance
How Much Does It Cost to Get Insured?
Plans are affordable, starting as low as $8.84 per month. The premium you pay is based on the amount of life insurance you need, your age and gender. Request your free quote.
Can I Qualify for Coverage If I Have Health Issues?
If you’re age 45 to 85 you can’t be turned down for health reasons. You will not be required to take a physical exam or answer any health questions – now, or at any time in the future.
Your acceptance for coverage is guaranteed.
Will My Rates Change as I Get Older or My Health Changes?
No. Your life insurance coverage and premiums are guaranteed to remain the same throughout the life of your policy.
That means, your premium will never increase, and your coverage will never decrease.
As long as you pay your premiums, your coverage is guaranteed.
How Can My Family Use the Money from My Policy?
You choose who will be beneficiary of your life insurance.
Your beneficiaries can use the money as they see fit, which may include to pay for your final expenses.
In addition, your life insurance policy may build up some cash value from which you may be able to take a loan in the future, if you need it.
What are Burial Expenses?
They are all of the costs related to your passing, which may include a headstone, burial plot, casket, hearse, flowers, and related final expenses including medical bills and unpaid debts you have accumulated.
Burial and Final Expenses Include:
Which Insurance Companies offer Burial Expense Plans?
Final life insurance coverage is available from several insurance carriers. Among the leading providers of final expense policies are:
What If I Change My Mind?
There is no risk to you.
Usually, a life insurance policy comes with a money-back guarantee, which means if you are not satisfied with your policy you may return it to the insurance company within the Free Look Period (usually 30 days) for a full refund of all premiums paid.
For Example: Mutual of Omaha provides a 30 day money-back guarantee on their guaranteed-issue life insurance policies.
Guaranteed Issue 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.
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Disclosure: Compensated Affiliate