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If you’re reading this article today, you’re most likely looking for information regarding purchasing life insurance for an individual between 86 and 90 years old.
Let me assure you, you’ve come to the right place!
Maybe you’re looking at purchasing life insurance for yourself, your spouse, your parent, or another relative.
Regardless of the reason you’ve stopped by my website today, I’m here to help.
My goal is always to educate you regarding your life insurance options. After you read this article today, you’ll have the information you need to make an informed decision regarding life insurance options for an 86 to 90 year old senior.
Today, I’m specifically going to discuss:
- Why Get Life Insurance On A Senior 86 And Older
- What Types Of Life Insurance Are Available To Seniors?
- How Much Coverage Can I Get?
- Companies That Will Insure Seniors Age 86 to 90
- How To Qualify For Life Insurance
- Next Steps
NOTE: Would you prefer me to present this information to you in video format? Learn the best burial insurance options for people between 86 and 90 years old in my video below. Enjoy!
Why Get Life Insurance For A Senior 86 And Older
In this section, I’m going to be talking about why an individual 86 years old or older should have life insurance.
So, maybe you’re not totally convinced that you need to purchase life insurance. Maybe your goal today was to simply get more information so that you can decide if you REALLY need life insurance coverage or not.
Hopefully, I’ll be able to help you make that decision today!
In general, there are usually only two main reasons as to why an 86 year old (or older) is looking to purchase life insurance. Most likely, they are wanting to make sure their final expenses are covered or they’re wanting for there to be some sort of income replacement when they pass away.
What do I mean by “final expenses”, you may ask?
Let me explain…
Final expenses can also be thought of as your burial costs. It refers to the amount of money it will cost for your cremation or burial.
The truth is, final expenses can be pricey. Cremation costs can be anywhere from $5,000 to $6,000 and burial costs can be anywhere from $10,000 to $15,000, depending on where you live.
Because of this, it’s a REALLY good idea to take out a policy that will cover your final expenses. That way, your loved ones won’t be burdened with trying to figure out a way to pay for them.
Listen, I’m always going to shoot ya straight. My goal in writing this article is to give you the KNOWLEDGE that you need to make an informed decision.
I don’t want you to worry about how your loved ones are going to pay for your final expenses after you pass. I want you to have the peace of mind that comes with knowing that you have quality life insurance coverage in place.
But, maybe you’re one of those individuals who wants to make sure there is some sort of income replacement because of large debts. Do you have a mortgage, auto, education, or business loan?
Many people want to make sure there is money to pay off debts when they pass away. That way, their loved ones won’t be burdened with the debt while trying to work through their grief.
No matter your reason, having quality life insurance in place is a good idea.
What Types Of Life Insurance Are Available To Seniors?
Now, let’s discuss the types of life insurance options available to seniors between ages 86 and 90.
This section is pretty straightforward. For individuals aged 86-90, there is only one life insurance option: burial insurance.
Burial insurance is designed to cover the costs of your cremation or burial. You’ll also hear it referred to as “final expense” insurance.
With burial insurance coverage, the money from your policy will be paid directly to your beneficiary when you pass away. Then, your beneficiary can decide how to use the money.
There is also a cash component to some burial insurance plans. This means that, if eligible, you may be able to take out a loan against your plan if you need the cash.
Additionally, you may be eligible for same day full benefit coverage.
Although it may seem like your options are limited, the important thing to remember is that you DO still have options.
If you’re between the ages of 86 and 90 and looking for life insurance coverage, then burial insurance is what you’ll need.
How Much Coverage Can I Get?
Now, you’re probably wondering how much burial insurance you can qualify for as a 86-90 year old.
Honestly, the amount can vary, based on the state you live in and which company you have a policy with.
But, if eligible, you may be able to qualify for up to $10,000 in burial insurance.
Initially, this may not sound like much, but think about it.
This amount will go a LONG way in covering your final expenses. Even if it doesn’t cover the entire amount of your burial, it can cover a significant portion of it and will most certainly be a great help to your beneficiaries.
$10,000 can make a huge difference when it comes to figuring out how to pay for final expenses for a loved one.
And, it can give YOU peace of mind knowing that your final expenses will be covered.
Companies That Will Insure Seniors 86 to 90
So, which companies will offer life insurance coverage to individuals between 86 and 90 years old?
Right off the bat, I can tell you that Aetna and Security National can offer coverage like this, depending on where you live.
Both Aetna and Security National have been around for a while and are well-established companies.
Aetna has been around for more than 150 years and Security National for more than 50.
They’re both financially stable and they both offer similar benefits and features with their burial insurance.
Additionally, they both offer competitive rates and offer first day full benefit coverage. This is really important because nobody knows when they’re going to pass away.
It’s best to get coverage as soon as possible and with first day full benefit coverage, you won’t have to worry about not having coverage in place in time.
Either one would be a great option for purchasing quality burial insurance coverage.
If you’d like to learn more about the burial insurance coverage offered by these two companies, give me a call at 888-626-0439 today!
How To Qualify For Life Insurance
So far, I’ve given you information about which life insurance options are available to you, how much coverage you can qualify for, and which companies offer burial insurance for 86-90 year-old seniors.
Now, I’m going to be talking with you about how you can qualify for life insurance coverage.
No matter which life insurance company you choose to go with, you will be required to provide them with personal information regarding your health.
Specifically, they’ll want details regarding your age, health, and hobbies.
The truth is, your age can affect your eligibility and the cost of your plan.
Unfortunately, the older you are, the higher your costs will be.
That’s why it’s really important to not delay purchasing coverage any longer than you have to.
Purchase your life insurance NOW and lock in today’s rates instead of waiting to purchase later on in the future.
If you wait, you risk either having higher premiums or not being eligible for coverage at all.
Don’t delay. Purchase your life insurance coverage today!
Next, the life insurance company will want to know about your health.
They’ll provide you with a long list of detailed questions that you’ll need to answer.
In particular, they’ll ask things regarding the status of your health, your age, weight, and whether or not you smoke.
It’s very important that you are completely honest about your health.
Make sure to include any relevant information and don’t withhold anything. Be completely transparent regarding the status of your health.
The life insurance companies will look more favorably on your application if they see that you are doing your best to be up front and honest with them.
So, it’s in your best interests to make sure you answer all questions truthfully and honestly.
The insurance company may also want to know if you have any risky hobbies.
It may seem silly, but they will want to know if you like to participate in high-risk activities such as scuba diving, skydiving or mountaineering.
So, if you do happen to be a thrill-seeker, make sure you are up front and honest with them about it.
Are Exams Required?
Typically, medical exams aren’t required for burial insurance coverage.
If a medical exam isn’t required, then coverage is awarded based on your answers to their initial health questionnaire and the status of your health.
Like I mentioned above, this is why it’s crucial that you answer all health questions honestly. Especially if a medical exam isn’t required, you’ll want to make sure that the life insurance company views your application in the most positive light.
You definitely don’t want them to reject your application because the information isn’t accurate.
Here at Buy Life Insurance for Burial, we’d be more than happy to help you find the best burial insurance for your needs. Give us a call today to see what your options are!
So, now that I’ve given you all the details regarding life insurance for individuals between 86 and 90, what’s next?
Well, for starters, I would highly recommend you work with a qualified life insurance broker to purchase your life insurance coverage.
My goal is always to educate you so that you will be equipped with the tools you need to make good life insurance decisions.
That’s why I recommend you work with a broker.
Qualified life insurance brokers, like those of us at Buy Life Insurance for Burial, don’t represent any one company. We have access to MANY different life insurance companies.
With our expertise and access to the various companies, we can be sure to find you the best life insurance coverage for the best price.
We want to make sure that you have peace of mind, knowing that you have quality life insurance coverage in place.
Burial Insurance Rates, Age 86 To 90
Security National Life - Female Non-Tabacco Rates
Security National Life - Female Tabacco Rates
Security National Life - Male Non-Tabacco Rates
Security National Life - Male Tabacco Rates
Today, I’ve gone over a lot of information regarding life insurance options for individuals between the ages of 86 and 90.
While the options may be slightly limited, there ARE still options available to you. There ARE companies that are willing to offer burial insurance to 86-90 year-old seniors.
And, as we discussed before, burial insurance is a good way to make sure your final expenses are covered. It can give you peace of mind knowing that your final expenses will be covered without your family having to pay the expenses themselves.
So, if you’re ready to see if you qualify for burial insurance, go ahead and give me a call now. Call me at 888-626-0439.
I’m happy to partner with you to find the best burial insurance coverage for your needs!