Affordable Burial Insurance For Senior Citizens and Elderly

Burial policies, also known as final expense insurance, are small life insurance policies that are meant to pay for funeral costs and other final expenses. These types of policies are gaining popularity with seniors who find themselves without life insurance because their term insurance has ended, or because prior life insurance policies have lapsed. Many seniors think that there are no affordable options for them to leave money to their families to pay final expenses. A burial insurance policy is the best way for senior citizens to get affordable life insurance.

Some features of burial policies:

• Permanent insurance with level premiums that will never increase.
• Qualifying ages between 50 and 85
• No medical exam required and many health issues are ok
• Issued quickly and death benefits are paid quickly

What If I Have Major Health Issues?

Most burial policies are easy to qualify for, even if you have some minor health issues. The application usually consists of a health questionnaire and the life insurance company will typically check to make sure there is nothing in your health history that you did not disclose. But what if you have more serious health conditions? There are policies that are known as guaranteed issue final expense policies, and nobody is turned down. The premiums are higher, but for those who feel that they have no other option, these policies can provide peace of mind that their final expenses won't be a burden on their families.

Which Company Has the Most Affordable Rates?

There are many companies that offer affordable burial policies for seniors and the elderly. Since each company has different underwriting requirements, you should speak with a licensed agent to determine which company has the lowest rates for you. A licensed agent who works with multiple final expense companies will get a little bit more information about your health history to determine which company will give you the best rates.

For a free burial policy quote, please visit us at QuotesForTermLife.com.

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