Burial Insurance Plans
I offer a couple of different Final Expense Insurance options.
Option 1 – Just answer a few health questions, entire application process is handled over the phone!
If your past health history allows you to answer NO, to the following questions and you are under the age of 71, I offer a plan, with great rates.
I. Has any Applicant been diagnosed or treated by a member of the medical
profession, or tested positive for: Human Immunodeficiency Virus (HIV),
Acquired Immune Deficiency Syndrome (AIDS), or AIDS-Related Complex (ARC)?
II. Has any Applicant ever applied for and been rejected for life insurance?
III. Has any Applicant been hospitalized in the past 90 days?
IV. In the past 5 years, has any Applicant been hospitalized for, been diagnosed or treated by a member of the medical profession or taken prescription medication for:
A. Angina, heart attack, stroke, heart bypass surgery, angioplasty, coronary
artery stenting, or coronary artery disease? ………………………………………………….
B. Any form of cancer to include leukemia or Hodgkin’s Disease
(excluding non-invasive, non-melanoma skin cancer)? ……………………………….
C. Chronic obstructive pulmonary disease (COPD), emphysema, or any other
chronic respiratory disorder, excluding asthma? …………………………………………..
D. Alcoholism or drug or alcohol abuse, cirrhosis, hepatitis, or any other
disease of the liver? ……………………………………………………………………………………………..
Did you notice:
NO Tobacco use questions
NO Diabetic questions
NO separate Male or Female Rates
Here are some sample rates for someone at the age of 55
Face Amount Monthly Premium
This plan covers you to the age of 100, so it is essentially of lifetime plan. The entire process is handled over the phone and you sign the plan via a Voice Signature!
My other plans are from carriers that handle those with certain pre-existing conditions and are for those over the age of 70. Contact me for a quote on these plans. My Toll-Free number is 1-800-530-9134 x 1
Break the Ice – Three Ways to Start a Conversation about Burial Insurance
It often seems like there is no right time to talk about death. Even the word itself seems like a blunt instrument, a careless and rough word that doesn’t belong in polite conversation.
The life insurance industry has made creating euphemisms for death into something of an art form. Even the term “life insurance” is a bit of a misnomer.
When you need insurance against hail you buy hail insurance, for insurance against becoming disabled we talk about disability insurance and so forth. It would follow that life insurance would be insurance against… well, you get the picture. With a subject as uncomfortable as Burial insurance, a little poetic license can go a long way.
1) A Rose by Any Other Name
In the case of burial insurance, you can also call it senior insurance or final expense insurance. Whatever you need to call it to start the conversation, they are all the same thing. All these terms refer to a basic term life insurance (there we go again) policy designed to last the remainder of the insured person’s life and pay for burial costs and potentially a few small debts or other financial obligations of the deceased.
“There are worse things in life than death. Have you ever spent an evening with an insurance salesman?”- Woody Allen
The attitude expressed by Woody Allen is not unique. The prospect of talking to an insurance agent can make the subject of preparing for the financial obligations associated with the end of someone’s life even more daunting.
Most people fear they will be pressured into buying something they don’t really want or need and then there is the medical exam. The idea of being examined by someone other than their regular doctor makes many people uncomfortable or even violated.
2) A Little Goes a Long Way
When starting a conversation about burial insurance, a little information goes a long way.
If you start out by dispelling the common myths, that is often enough. Online tools allow people to shop for insurance from their computer and securing coverage is often as simple as filling out an application, completing a questionnaire and clicking a button. Having someone start to look at their options instead of just worrying about what will happen is often easier once they understand the basics.
Two important facts about burial insurance to share are:
*There will not be an insurance agent calling or visiting in person.”
*A medical exam is not required ”
Taking out the prospect of an uncomfortable face to face meeting with salesperson and a medical exam, is often enough to elevate one’s anxiety level.
Once these concerns are removed it’s easier to start looking at how they plan to take care of their final expenses. Once you have the ball rolling you can help your eligible family members gain a feeling of control by showing them how they can have things taken care of the way they want.
Burial insurance can be used to fund religious obligations that may be part of their final wishes and it can ensure the family is not dragged into an unpleasant disagreement at an emotional time.
“I’m a big crier in general. The right life insurance commercial will take me out for a couple of days.” – Ike Barinholtz
Family relationships are often complex and seemingly routine conversations can be laden with emotional baggage. Even having some understanding of the basics of burial insurance may not help you successfully launch a conversation on such a potentially touchy subject.
Elderly family members may feel vulnerable and resentful that they are being written off as no longer needed or simply uncomfortable with facing their fears.
3) Turning the Tables
As an alternative, consider having a frank and open conversation about your own insurance needs. Burial insurance is available for people as young as 50 and as old as 80 or 84. If you are over 50 or getting near, your conversation with your parents or older family members can be about your own concerns for the future and your desire to not be a burden on your family should you unexpectedly die.
Share your fears, talk about what you have learned and ask for advice. By turning the spotlight around you remove the pressure and will likely inspire them to consider their own situation.
You may also learn something along the way. Many middle aged individuals believe that once the kids are grown and gone, life insurance is no longer a necessary consideration.
Depending on your situation, that may not be the case. Your own unexpected passing could turn into a burden for your parents who might be ill-equipped to handle it. Even if your savings would cover your expenses, if you have a spouse who even partly depends on you or even an organization that you are heavily involved in, your passing may leave a huge hole.
Having a Life Insurance Plan plan that doesn’t add to the stress of your death may be the sort of peace of mind you didn’t even realize was available to you.
“I don’t want to tell you how much insurance I carry with the Prudential, but all I can say is: when I go, they go too.” – Jack Benny
A Word about Financial Security
The A.M. Best Company has been tracking the financial strength the insurance industry for more than 100 years. They rate each company’s ability to pay claims and meet their other financial obligations.
As an independent insurance broker, I have the option to work with only the most financially sound and secure companies. Each of the 60+ insurance carriers that I do business with is rated A(excellent) or above by A.M. Best.
By only working with the most financially secure companies, I ensure that my clients don’t face any unpleasant surprises. With a proprietary rating system that was born in the aftermath of the great San Francisco earthquake of 1906, A.M. Best provides the confidence that these top rated companies have the financial fortitude to withstand even the most horrific disaster. With burial insurance like this you can take care of your future with confidence.
What is a Burial Insurance Plan?
These policies are whole life insurance and they are designed to last for the duration of your life, so long as you continue to make your premium payments.However, burial insurance differs from traditional policies in several ways:
- You must be between the ages of 50 and 85 and must be in average health with no major health impairments.
- The death benefit to pay for burial costs is often limited between $2,000 and $35,000 although the exact amount will depend on the insurance provider.
- No medical exams will be required. They are simplified issue plans with Yes and No questions on the application. The carrier will check your Medical Information Bureau report as well as a Prescription drug report.
If you are faced with the prospect of not being able to secure a plan, do to heath reasons, there is a Guaranteed Issue Life Insurance Plan that may work. Click HERE for information
Contact me today to find the Best Life Insurance Plan for you and your families needs.
M2 Insurance Group