However, if you can’t qualify for a simplified emissions burial insurance plans policy, buying a guaranteed emissions policy is not risky Funeral Insurance Policy The Simplified Issues Guidelines raise very few health issues, so seniors with some health concerns can also qualify. Don’t sell yourself out and buy the first guaranteed issue policy you see on TV! Guaranteed issue policies don’t raise health questions at all, but they may not offer an immediate death benefit and are more expensive.Ĭheck if you can qualify for simplified issue burial insurance plans. The Simplified Issues Guidelines pose very few health questions, so seniors with some health concerns can also qualify. The face value is quite low, typically $2,500 to $25,000, so the premiums are mostly in budget and the application process is short and painless. Basically, it is a comprehensive funeral insurance that has been designed for people of middle and older age. Burial Insurance Plansįinal expense insurance is sometimes referred to as a funeral policy. Some of us lost our jobs and had to take out a second mortgage, so we still owe our house.įew of our kids did not take off as fast as we thought they would, and we may even have them and their own children, depending on us.Īlso, we think it would be nice to leave something to them if we pass away, and we certainly didn’t want that something to be a funeral bill and other debt. The savings we save pennies don’t go as far as we think.

Well that’s great, except life doesn’t always work that way. Additionally, we will have had time to pay debts and save savings for retirement. We are informed that, ideally, we should have paid our children at the end of the term. Rates By Age Final Expense Insurance for Seniors However, if they wait until they are healthy in their 70s instead of 80, the cost is much higher as you can see open care senior plan below.īelow table is a guide to understand the monthly finale expense rates: Age The cheaper and cheaper it will be.įor example, it’s only $15 to $25 per month for a 50-year-old to get a final expense policy (with the fixed price for the rest of their life). The best part is that once you buy the policy, the PRICES FOR LIFE are SET. GUARANTEED LIFETIME if they are in good health at the time of insurance purchase). Sample Rates for Final Expense Senior Plan

Open care final expense plan