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Today, we’ll be talking about rates and revealing to you the secrets of how burial insurance plans with no waiting periods work.
Most likely, you are reading this because you are concerned about getting burial insurance for yourself or a loved one.
Perhaps you have heard about – maybe in junk mail and TV ads – about burial insurance plans DON’T cover you when you take out the insurance. Naturally, you don’t want to get a plan like that!
If that describes you, then keep reading.
My job today is to empower you with the information necessary to discover the best burial insurance plans that may immediately cover you.
NOTE: I will give you an idea of how to qualify for them and what the prices and coverage options would be, so stick around!
NOTE: Prefer to watch instead of read? See my video below for the complete presentation on burial insurance with no waiting period. Enjoy!
Here’s An Overview Of Our Discussion On Burial Insurance With No Waiting Period:
- How Does Burial Insurance With No Waiting Period Work?
- Why Get Burial Insurance With No Waiting Period?
- Who Can Qualify For Burial Insurance With No Waiting Period?
- When Is The Best Time To Get Burial Insurance With No Waiting Period?
- Burial Insurance With No Waiting Period Rates
- How To Apply
- Burial Insurance Rates, Age 40 to 90*
- Next Steps
How Does Burial Insurance With No Waiting Period Work?
Most of the time, when someone wants life insurance to pay for final expenses, they want burial insurance that they can’t outlive. They don’t want to have a waiting period. And they don’t want a final expense life insurance plan that increases in cost over time.
This best defines a life insurance product called whole life insurance. The basic benefits to whole life insurance are that the coverage is never canceled because of age or your health.
Bottom line, you CANNOT outlive your burial insurance policy!
That’s HUGE. Remember… Whole life lasts your whole life.
Also, your premium never increases. Your burial insurance quote on whole life insurance is locked in forever.
This is a major motivation for fixed income folks. They don’t want to keep paying more with each passing year, as you do with a lot of other life insurance products like term life insurance.
Ideally, you’ll want to qualify for first-day full coverage protection. What does this mean? This means your zero waiting period policy covers you if you die from accidental OR natural death.
Whether you die from natural causes like cancer… stroke… heart attack… or accidental causes of death, you are fully covered.
As you can see, odds are you want the burial insurance policy with no waiting period, right? (Of course!)
5 Top Reasons To Get A Final Expense Burial Insurance Policy
Let me give you some examples of why folks choose to protect themselves with a burial life insurance policy.
1. Cover Final Expenses
Burial insurance is most commonly purchased to cover final expenses like funeral and cremation costs.
People like you insure themselves because they don’t want to burden a spouse or a child.
Imagine shackling your son or daughter with a $10,000 to $20,000 burial expense. How would they manage?
Although your kids may struggle financially, they feel that it’s their obligation to pay it. This is why a burial insurance plan makes perfect sense. With burial insurance, your kids won’t have to worry.
2. Replace Income
Another reason why people buy burial insurance is that they want to replace their retirement income.
Are you married? Does your household depend on your pension or Social Security?
What would happen if that income goes away? Would it affect your lifestyle or your spouse’s lifestyle?
This is where a burial insurance policy can come in handy. The death benefit from a burial insurance policy can be used to offset lost income from the deceased.
This makes life easier. If the surviving spouse now lives with less income, he or she doesn’t have to rush to move out, or ask kids to help pay bills.
Simply put, a burial insurance policy buys time when used to replace income.
3. You Appreciate Guarantees
Would you like a burial insurance plan with guarantees?
Do you want to be 100% assured you can NEVER outlive your life insurance coverage?
If so, you’ll appreciate a burial insurance policy’s death benefit guarantee.
This is EXTREMELY important to have. Why? Because you may outlive a lot of these other products, like term insurance, even universal life insurance.
What’s life insurance worth if you don’t have it when you REALLY need it?
4. Gift Of Love
Many people buy life insurance or burial insurance as a gift of love.
Maybe you have a grandchild or child that you want to help get started in life. Help them with buying their first car, paying for college, or a down payment on his first home.
Many parents and grandparents like the idea of helping their children out!
5. It’s All About Peace Of Mind
Last but not least, isn’t a burial insurance plan all about peace of mind?
People want burial insurance because they don’t want to worry. Why take a risk and be uninsured when you don’t have to?
No Waiting Period Burial Insurance Provides Certainty In An Uncertain Life
Have you ever asked yourself…
When am I going to die?
With all the bad news these days, we hear of so much weird things that happen to normal people like you and I.
Literally, tragedy happens EVERY DAY to folks minding their own business, living life normally.
Admit it. If you’re like me, you like to think that tragedies only occur to the OTHER guy (and not you).
But that’s simply NOT the case.
In fact, you’ve probably lived long enough to know that…
…BAD things suddenly and unexpectedly happen to GOOD people!
And while we hope the unexpected never happens to us, we must always plan for the worst, don’t we?
We don’t know when our final day will arrive. We MUST to be prepared… TODAY!
When it comes to life insurance to cover final expense, this is why burial insurance with no waiting period policies appeal to many.
They understand that life has a way of taking people out, without regard to how well-off or even how healthy they are (healthy people die, too, you know).
And if final expense protection is important to you, and you acknowledge your day of death is and always will remain uncertain, you must seriously consider a no waiting period burial insurance policy.
Full Protection From The First Day
Does the following sound agreeable to you?
I want and EXPECT full protection IMMEDIATELY from my burial insurance policy.
If so, a final expense insurance policy that provides first-day full coverage for both accidental and natural death is right up your alley.
You most likely like the idea of guarantees. You like the idea of knowing that what you SEE is what you GET.
I’m a plainspoken simple person. If I buy something, I want to know exactly what to expect.
I don’t want confusion. I want simplicity.
With a lot of these other life insurance plans like offered through Colonial Penn, it’s sold as the greatest thing ever.
But once you start reading the fine print, you realize that “the greatest insurance policy ever” actually provides NO first-day FULL coverage… until TWO YEARS have passed!
If you appreciate guarantees, getting a no waiting period burial insurance plan is the best idea.
Should You Gamble With Your Life Insurance?
Life insurance should NEVER be a gamble. It should be the opposite!
You should get TOTAL peace of mind when you buy a burial insurance policy.
When Is The Best Time To Get A Burial Insurance Policy Without A Waiting Period?
Please consider the following…
We ALL are going to die.
Death occurs without regard to when YOU want it to happen. You must always be prepared.
If you die and you do not have coverage, it’s on your kids, on your spouse, it’s on people you care about.
What happens if you die tomorrow? Think I’m nuts? It could happen!
And if you have no burial insurance, your kids, your spouse will all be thinking the same thing…
“Why did she do this to us?”
“Why did she leave this huge bill behind for us to pay?”
“She could have taken care of this.”
Wait Today, Pay More Tomorrow
Prices for burial insurance only go up as you get older.
Wait another year to get burial insurance, it’s going to cost you more.
And it will always cost you more because the premiums must be paid for the rest of your life.
You have to make a decision. You have to make it a priority to buy it now.
Look. It just gets WORSE as you get older.
I hate to tell you, but you health WILL decline.
If you’ve experienced health problems, you KNOW this. And guess what? More health problems will happen.
This is why I harp on folks that it’s better to be prepared NOW rather than later.
And to make matters worse, if you get TOO sickly… you may not qualify for a no waiting period burial insurance at all!
I’ve lost count of the hundreds of people I’ve met that waited TOO LONG to get burial insurance. And all they can qualify for is a guaranteed issue burial insurance policy that forces upon them a two-year waiting period.
Their health has deteriorated so badly, literally no life insurance company out of the dozens I have access to will consider covering them.
Why Not Take The Chance?
Sure, you can chance it.
There are policies that will cover folks in bad health. But you are NOT covered for two years.
Where is the guarantee that you will live past two years?
That’s why everybody HATES life insurance… until they REALLY need it.
Don’t be that guy or gal! Prepare while there is still time!
I know (at least I hope, haha) I’m going to be healthy for a LONG time.
Truth is, I don’t know for sure. My good fortune may not last.
And I NEVER forgive myself if I came down with cancer and was not insured.
I’ve known people die from cancer in two weeks. They find out that they it and they are in their thirties and forties like me. Then they’re gone in what seems like an instant.
You have to be prepared. Even if your health is not perfect, it’s still a good time to try to qualify. It does not always stay perfect. Your health WILL deteriorate.
How Much Does No-Waiting Period Burial Insurance Plans Cost?
Let’s take a look at some rates for $10,000 in burial insurance with first-day full coverage.
I want to give you a quick idea of what the premiums would be for different life insurance carriers.
We will look at 55, 65, 75 and 85-year-old rates.
NOTE: I cannot say that you will qualify for these programs. All companies require you to complete an application for burial insurance first to see if you may qualify.
Because I’m a broker, I can shop to see who offers the best policy. A lot of people with health problems may get first day full coverage.
$10,000 in coverage: we will zip right through these numbers and introduce you to the possibilities at different age ranges.
You are looking at 55-year-old non-smoker males, $10,000, with different companies and rates. Monthly premiums in the upper twenties to mid-thirties is probably what you will be paying.
We will go to 65: of course, that premium will go up for the same constraints. $10,000, male, 65, non-smoker. Monthly premiums in the upper forties to mid-fifties is usually standard for no waiting period burial insurance.
Then, if we go up to 75, you are looking at monthly premiums of somewhere between the mid-eighties to low hundreds, depending on what you qualify for.
Last we will look at 85-year-olds, $10,000. You are looking at $160’s to $200’s, depending on your health and what you may qualify for.
Now we are looking at females, 55, $10,000, non-smoker. Monthly premiums in the low twenties to low thirties.
Now 65, $10,000, non smoker, female. Monthly premiums in the upper thirties to mid-forties is what you are going to be looking at, depending on which company you qualify for.
Age 75, $10,000, non-smoker, female. You are most likely to be looking at monthly premiums somewhere between the mid-sixties to mid-seventies.
How To Qualify For A No-Waiting Period Burial Insurance Policy
Now that you’ve seen some sample burial insurance rates, let’s review the process to apply for coverage.
Don’t worry, it’s very simple =).
Do I Need To See An Insurance Agent?
Insurance agents are not required to see you face to face.
So no worries about a high-pressure sales pitch from a stranger!
For example, I help folks out with their life insurance coverage completely over the phone. Everything is done electronically over the phone and through email.
(I told you it’d be simple.)
Most burial insurance companies have applications that we can email and digitally sign or do telephonically.
If this is something you are interested in, no matter where you live in the country, I can help.
I’ll nominate myself, I will be happy to help you out!
What Is The Application Process Like?
Here’s how it would work if you wanted to get a free burial insurance quote.
Quick 15 Minute Phone Call
We would talk for 10 to 15 minutes tops. I would ask you some health questions. That way I could figure out what burial insurance policy would work best.
Then I would show you a quote for a few different coverage amounts.
If you like what you hear, we’d complete the application.
We would complete an on-line or telephone application, whatever you’re most comfortable doing.
Same Day Decision
Then, we see if the burial insurance company approves you.
If you get approved, it is usually the same day. Crazy, huh? No exams, tests, or physicals necessary!
Sometimes, the insurance companies will take a few extra days to arrive at a decision. It’s usually no longer than a week or so until we hear back.
If your burial insurance policy is approved, your policy is mailed to you within the next couple of weeks.
What About Payment?
We usually set the payment up within the next 30 days of taking the policy on an automated basis. Or you could pay 3, 6, or 12 months at a time via a check.
Whatever suits your fancy is fine by me!
Burial Insurance Rates, Age 40 to 90*
Rates For $5,000 In Burial Insurance
Rates For $10,000 In Burial Insurance
Rates For $15,000 In Burial Insurance
Rates For $20,000 In Burial Insurance
Rates For $25,000 In Burial Insurance
*Burial insurance premiums are subject to underwriting, based on rates as of 8/20/2018, from state-regulated life insurance companies offering final expense burial whole life insurance protection. Understand that in order to potentially qualify, you must submit an application to see if you’re eligible. Rates are subject to change. Give Buy Life Insurance For Burial a call at 888-626-0439 now to see what program you may qualify for.
Ready to see what types of burial insurance policies you may qualify for?
Here’s what to do next:
- Call me at 888-626-0439.
- Click the contact box at the top. Send me an overview of what you are looking for and a good way to contact you later.
I hope you liked this post. I hope that it has helped to answer questions about burial insurance and getting a policy without a waiting period.