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iSeniorBenefits Review | Did You Read The Fine Print?

Are you looking to find a good burial insurance product that will protect your family from crippling debt after you pass? If so, you may have heard of iSeniorBenefits, a burial insurance company. 

iSeniorBenefits advertises final expense plans that allow you to get coverage for as low as $5.00 per week. 

That sounds great doesn’t it? A quick application for affordable life insurance coverage! But, before you jump to conclusions there are a few issues you need to know about. 

The plan iSeniorBenefits offers comes with a very concerning fine print issue that can cause you to lose out on all of your coverage. Your family would receive NO BENEFITS upon your death. 

So, what is the fine print issue? Should I buy a iSeniorBenefits plan? And, if so, what are the alternative options?

In this article I will answer those questions and more. Keep reading. 

NOTE: For a free burial insurance quote click the Get A Quote Button or call 888 626 0439 and one of our friendly life insurance specialists would be happy to provide you with answers and a free quote in less than five minutes.

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Video Reviews

If you would prefer to take a look at a video to find information on Open Care, watch some of the videos below. Each video goes over a different aspect of burial insurance. I also cover the absolute WORST kind of policies you can get and how to understand the fine print.

  • Take a look at this video which goes over the worst policies that you should definitely avoid. Click the link below to view the video.

Avoid These 4 WORST Burial Insurance Policies! [2021]

  • Watch this video to learn what burial insurance covers. Click the link below. 

What Does Burial Insurance Cover? [Funeral Rates Revealed]

To view the iSeniorBenefits commercials i will be referencing, click this link goLivingBenefits – YouTube

Who Is iSeniorBenefits?

iSeniorBenefits is a burial insurance agency that works with individuals throughout the USA. They are considered an independent agency that works with multiple insurance providers. 

They mainly advertise through TV ads, and they offer burial insurance products to seniors. They advertise to those between the ages of 50 to 80 years old. 

These insurance products are meant to cover the costs associated with a funeral and any other end of life costs. The coverage they offer ranges from $5,000 to $35,000. 

Learn more about them here. 

How Do iSeniorBenefits Products Work?

iSeniorBenefits offers burial insurance that is Guaranteed Acceptance. This means anyone qualifies for coverage no matter their health as long as they are between the ages of 50 to 80 years of age. 

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Their plans are designed for seniors who have a fixed income. The rates do not increase ever and coverage payout doesn’t decrease. Their plans can pay up to $35,000 for your funeral and other end-of-life expenses. 

They also have products that can provide financial assistance if the policy holder becomes sick. These are called living benefits. Certain plans iSeniorCare offers have living benefits. 

There is no medical exam required to apply for a iSeniorBenefits plan and they will not look into your medical history with the Guaranteed Acceptance plan. 

Fine Print Issues And Problems

iSeniorBenefits offers different kinds of plans. With some plans there is no wait periods. However with Graded Death Benefits Products, you will have a wait period. 

These products have a two year wait period which means during the first 24 months after purchasing the plan, you will not have full coverage. So, you are paying into an insurance plan that offers relatively NO COVERAGE for a full 24 months. 

Now, if you have really bad health, this may be your only option. But if you are a relatively healthy and active senior then you have many other options at your disposal. 

With the two year wait period, if you pass away due to natural causes, your family will NOT receive the payout. This means they will get no help in covering your funeral costs. The very reason for purchasing the product (to protect your family from debt) is not met with this kind of insurance product. This is the plan that iSeniorBenefits advertises!

So, what can you do? Well, get a second opinion! Look around and compare ALL of your options, their premiums, and their fine print issues. 

How can you do that? We at Buy Life Insurance For Burial can help. Call 888 626 0439 and one of our friendly life insurance specialists would be happy to provide you with answers and a free quote in less than five minutes.

What Does iSeniorBenefits Cost?

iSeniorBenefits advertises plans as low as $5.00 per week. This would mean the lowest plan costs $20.00 per month. 

However, that can depend on your age and coverage range. A basic funeral in the US can cost an average of $6,500 and can easily reach $15,000. However, that is not taking into account other debts, medical bills, and expenses the person leaves behind. 

As you will see, the quality of coverage you will get for $20.00 a month is not enough for the most basic funeral these days.

SEE ALSO  Qualify for Burial Insurance With Cerebral Palsy

Let’s take a look at some estimated premiums with an iSeniorBenefits plan. 

For a very healthy 50 year old female who doesn’t have cancer and can get around herself you are looking at the following premiums. Note: 35,000 coverage

For the same woman, $20,000 in coverage will provide the following options:

And for $10,000 in coverage: 

For the lowest amount of coverage which is $5000, you will pay around $16.00: 

HOWEVER, notice that some plans say “2 year wait period” and as we have discussed that IS NOT A GOOD OPTION for any healthy individual. 

And $5,000 of coverage is honestly laughable. If your funeral is $7,000 and you have $5,000 of other end of life expenses, that amount of coverage would not be nearly enough!

iSeniorBenefits Customer Service

To contact iSeniorBenefits Alternatives To iSeniorBenefits you can call 866-826-3112. You can speak to a live agent at that number and request a quote or receive assistance. 

What Is The Best Life Insurance Plan And How Do I Find It

The best life insurance plan will be within your budget, offer reasonable coverage/payout, and not have concerning fine print. 

I would definitely say a Guaranteed Acceptance policy is NOT the best life insurance plan. They cost more and usually have fine print problems that surprise the policy holder. 

I cannot choose one insurance plan and say this is the best for everyone. Insurance plans are not a one-size-fits-all.

There are insurance companies that are known to provide great coverage and customer service. Ideally you want an insurance plan that provides a large benefit, affordable premiums, and has a good reputation.

 I do have a video review of the best life insurance companies for seniors 65 and older. Take a look at this 30 minute video to  learn more. Best Life Insurance For Seniors 65 And Older [Rates & Carriers Revealed] 

How To Find It

Now, to find the best life insurance policy for you specifically you need to do some research! That can take many hours, or you could give me a call. 

If you would be interested in getting answers to different questions you have about insurance or taking a look at the options available to you give us a call at 888-626-0439

We can provide you with quotes to over 15 different insurance providers (as long as you qualify for their coverage). That way you can compare ALL of your options ang get the BEST coverage possible. 

What To Consider

To choose the best insurance company for yourself you need to consider certain factors. They are as follows:

  • Make sure you know the reason you are buying the insurance. Some people want short term coverage for a specific health issue, other people want Insurance specifically for their funeral, and other people want a broader insurance that covers Healthcare, a death benefit, and their funeral expenses.
  • Coverage amount  that you will need.
  • When the coverage starts after you purchase the plan.
  • The fine print clauses that are included in the plan you’re looking at.
  • The company’s customer service reputation and their complaint ratio.
  • Your health history.
SEE ALSO  Gerber Life Insurance Review [Rates, Secrets Revealed]

Once you know all of that information you are in a good place to make a decision on the plan that is best for you. 

Why Work With An Independent Agent?

There are two different types of insurance agents. We at Buy Life Insurance are Independent Agents.  The other kind of agents are called Captive Insurance Agents. 

A captive insurance agent represents one company and one company only. They will not be able to offer quotes from competitors or suggest a better deal with another company. This kind of agent can ONLY offer insurance from one company. 

Its like looking for a new phone. If you go to the Apple store, you will only get an Apple product. But if you go to BestBuy you can choose from multiple different brands and probably get a better deal. 

With life insurance, if you have certain ailments, it’s highly likely that you may not get the best value of coverage.

In many cases, these companies like:

An independent agent can provide you with quotes from multiple companies. There is really no limit to the amount of alternatives an independent agent can compare for you. It just depends on how many companies the independent agent works with. 

We at BuyLifeInsuranceForBurial work with over 15 different companies. That’s a lot! We are very happy to be able to provide so many options to our customers. 

I definitely suggest working with an independent insurance agent who can verify the insurance companies they work with. You want to select an agent who is transparent and upfront about their company and the policies they are offering you.

If that sounds like a good idea to you, contact Buy Life Insurance For Burial. Call us at 888-626-0439. Or Click here and see what you may qualify for. 

References: 

  1. https://iseniorbenefits.com/
  2. https://www.youtube.com/channel/UCWpgge53VjrKXhi5IVcxgxw
  3. https://www.youtube.com/watch?v=NZ6MPk0gJQs&ab_channel=goLivingBenefits
  4. Take a look at this 20 minute video which goes over the worst burial insurance policies you could choose. Click the link below to watch the video. BEWARE These Burial Insurance Companies!
  5.  Take a look at this video to review the worst Berry insurance policies. Click the link below to watch the video. Avoid These 4 WORST Burial Insurance Policies! [2021]
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