Real $11,000 Burial Insurance Quotes From Multiple Insurance Companies

Written on March 24, 2017 by Choice Mutual

$11,000 Burial Insurance Quotes

Need numbers other than $11,000 burial insurance quotes? JustĀ  fill out the quote tool on this page to see real prices for any amount of coverage you’re interested in. You can also speak with an agent who will help you identify which companies would be best for your individual situation. Our toll free number is 1-800-644-2926.

With funeral costs continually on the rise, it’s no wonder more and more folks are buying more than $10,000 in coverage.$11,000 Burial Insurance Quotes

Presently, the average funeral will cost $7000-$10000 which is why most folks buy a $10,000 burial policy. However, many clients are buying more and more coverage because they realize that inflation applies to the end of life industry just like every other business.

If you are contemplating a policy for $11,000, today is your lucky day. We’ll show you quotes from five different insurance companies, and teach you the difference between the two main types of life insurance.

Article Quick Guide

  1. $11,000 Burial Insurance Quotes
  2. The Different Types Of Life Insurance

 

Here’s Some Real $11,000 Burial Insurance Quotes

Scroll down a little bit, and you will see some actual quotes for $11000 final expense policies. There are some things to keep in mind when you look at these prices.

  • All prices are for non smokers. If you smoke cigarettes, you are going to pay higher premiums.
  • We have many other insurance companies other than those shown below.
  • Your health plays a big role in the price for final expense insurance. In most cases, we can find you a company that will accept all your health issues. It’s best to speak with an agent about your health. They will let you know conclusively whether or not your health will impact your eligibility and price.
$11,000 Burial Insurance Quotes
AgeFemale Non TobaccoMale Non Tobacco
50$26.82$31.75
55$30.92$38.28
60$35.83$46.71
65$44.79$61.01
70$58.24$80.75
75$79.33$109.16
80$107.96$145.60
85$149.17$201.15
$11,000 Burial Insurance Quotes
AgeFemale Non TobaccoMale Non Tobacco
50$28.34$34.88
55$33.96$40.24
60$38.64$49.39
65$46.76$61.01
70$58.45$79.88
75 $82.27$112.64
80$121.87$161.10
85$182.19$220.51
$11,000 Burial Insurance Quotes
AgeFemale Non TobaccoMale Non Tobacco
50$35.17$41.44
55$39.24$48.37
60$39.90$52.33
65$46.61$61.46
70$58.16$78.18
75$83.46$115.58
80$115.58$161.01
85$155.73$222.72
$11,000 Burial Insurance Quotes
AgeFemale Non TobaccoMale Non Tobacco
50$27.66 $33.09
55$32.97$40.00
60$37.67$49.91
65$46.63 $61.08
70$59.80$80.17
75$83.36$109.70
80$119.61$161.01
$11,000 Burial Insurance Quotes
AgeFemale Non TobaccoMale Non Tobacco
50$27.48$33.42
55$31.66$39.14
60$36.61$47.72
65$45.41$61.80
70$58.94$81.71
75$79.73$109.65
80$114.05$153.87
85$163.11$220.09

The Different Types Of Life Insurance

You may or may not realize this, but the term “life insurance” is just a general expression. There are many different types of life insurance out there, and they all work differently.

Here’s the bottom line

It’s very important you understand the different types of life insurance, so you know which type is appropriate for YOUR goals.

Unfortunately, there is an overwhelming amount of misleading marketing which only complicates this issue. Additionally, there are MANY companies that know most folks don’t understand the different types of life insurance, and they design their marketing to prey upon this fact (we show you an example below).

Well, we are going to make this plain as day, so you understand how each type of life insurance works.

 

Two Main Types Of Life Insurance

Ultimately, there are two main types of life insurance. Each of them works differently, and they both have very different costs. Both types have their place in this world. The key is to select the right type of coverage that will help you achieve your goal.

 

Term Life Insurance

Term life insurance is temporary life insurance. The term is short for “terminate”. With this type of coverage, you are renting the protection for a specific period of time. Once you hit the expiration date of the contract, your coverage ends.

With term insurance, the monthly payments can be fixed, or they can increase as time goes on. It varies by the insurer. In addition, some term life insurance may last for a certain number of years such as 5, 10, 15, or 20. On the other hand, it may last until you hit a certain age like 80 for example.

Most insurance companies will not issue a term life policy that will protect you beyond the age of 85. Truthfully, most of them only cover you until the age of 80, or very close to it. Again, it varies by the company.

For example, AARP is an extremely popular company that markets term life insurance to seniors. If you have ever received anything in the mail from them, this is what they are offering you. Below is how their plan works.

  • The policy lasts until you turn 80. At this point, you are no longer covered. You cannot take out a new policy. Your only option at this point would be to apply for a whole life policy with them or some other company.
  • The premiums increase every five years

Here are screenshots of the premiums for their term life insurance

$11,000 Burial Insurance Quotes

Whole Life Insurance

Whole life insurance is the exact opposite of term life. It never expires at any age which is why it’s called whole life.

In addition to not expiring at any age, the monthly premiums cannot increase on any whole life policy (this is true for all insurance companies), and the benefits cannot decrease.

With whole life, they do build some cash value. In essence, the cash value is like a little behind the scenes savings account. You can borrow this money if you choose to. However, if you do borrow from the CV, you need to pay it back or they will deduct that amount from your death benefit.

That’s all there is to a whole life plan. As you can see, they are incredibly simple to understand.

 

Comparing The Two Side By Side

First, it’s not debatable which type of life insurance is cheapest. Term life insurance will always have a cheaper monthly price than whole life insurance (assuming the death benefit is equal). Term life is cheaper because it expires.

It doesn’t take a genius to understand why they can charge much less for term life than whole life. With term life, the insurer is counting on you outliving the policy which means they never have to pay the death benefit. With whole life, the insurance company is committing to paying a death claim one day.

This is nuts

Over 99% of term life policies do not result in a death claim. That happens because folks outlive their policy, or they drop it along the way. Whereas with whole life, the insurer will one day pay a death claim as long as you keep the policy in force. This is why there is such a difference in price between these two types of life insurance.

Here’s the question you must ask yourself:

For a plan to ensure your final expenses don’t become a financial burden on your family, do you want a plan that will expire at a certain age, or do you want a plan that will be guaranteed to always be there?

Where Burial Insurance Plans Fit In

Burial insurance is life insurance. More specifically, its whole life insurance. Obviously, this means it can’t expire, the monthly premiums can’t increase, and the benefits can’t decrease.$11,000 Burial Insurance Quotes

However, final expense insurance is not your typical whole life policy. It’s incredibly unique. Here are the key elements that make final expense whole life insurance much different, and perfectly suited to protect your family from your funeral costs.

  • The face value options are super low. You can buy as little as $1,000 in coverage. Most traditional life insurance policies mandate that you buy no less than $25,000 or $50,000 in protection.
  • The underwriting is stupidly relaxed. We cannot stress how significant this is. These plans were created to absorb the risk of some serious health issues, so folks could still qualify. It’s very uncommon where someone does not qualify due to health reasons. In those rare circumstances, there are burial insurance plans available that have no health questions or medical checks. No matter what, everyone can be approved.
  • They are simplified issue, so they never require physicals, medical exams, or doctor records.

Understanding these differences will help you make the best decision for you. Regardless of which type of coverage you select, something is certainly better than nothing. However, we sincerely hope you don’t roll the dice with a term life plan because once you outlive it, your family will be the ones on the hook. We see it happen every day. Remember, 99% of term life plans never result in a death claim.

About ChoiceMutual.com
About ChoiceMutual.com

Choice Mutual works with all the top burial insurance companies throughout the nation to secure you the best price possible.

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