Burial Insurance for Seniors

If you have been on the lookout for burial insurance for elderly then you should know that many companies offer them as final expense insurance as it covers the final rites as well as the funeral. Of late these policies have been becoming very popular especially with old people whose life insurance is already over or has lapsed and they do not have the option to renew it. There are even a lot of people who cannot afford to take a standard life insurance policy that pays a good amount to their families after they are no longer with them this is why they look for senior burial insurance options that allows them to get a life insurance at a very affordable price. Although the coverage with burial insurance for seniors is very limited but it all depends on your demand how much coverage you are looking to buy. If you only need to fund the funeral why would you go for a term or whole policy that is costlier? You should go for burial insurance which takes care of your specific needs.

Are you over 70? Tips on choosing the right type of policy.

How does Burial Insurance Help Seniors?

For those who are not convinced as to how this form of life insurance can serve their purpose, below is listed some of the features of this policy that you must go through:

1. One of the best things about the Funeral life insurance is that their premiums stay the same and never increase no matter how long the duration is.
2. The age bracket for qualifying for this type of insurance has been kept between 50 to 85 years of age that means that as soon as you cross 50 years you can avail this policy. Although the seniors over 70 or 80 look such coverage as the last resort but if you can purchase it at younger age, there will be a lot of savings in terms of premiums that you pay.
3. Another advantage with this insurance is that there is no medical examination required to avail of it which means that even if you have minor health problems or even a chronic problem that is accepted you can still get the insurance. This is a huge advantage if you now how difficult it is to go through those medical exams and life insurance tests such as nicotine or tobacco. With standard policy, you’re almost certain that insurers will ask you for a test, but this is not required at all with funeral insurance.
4. People spend days getting hold of their insurance, and it can be very hassling since it comes at a very stressful and emotional time. This is the reason this insurance sum is dispatched quickly, and the benefits are made available to the family as soon as possible. You will get your claim served within a day or maybe even faster depending on how quickly you make them aware about the death incident.