How To Buy Burial Insurance Online Directly From The Insurance Company Website
In this circumstance, you’re going directly to the insurance company’s website to sign up. For example, Globe Life, and Colonial Penn are two notable providers that have online applications.
On their websites, you input all your information to fill out and submit the application.
That includes providing your name, date of birth, address, phone number, email, social security number, beneficiaries’ names, and payment information (credit card number or routing & account number).
In addition, you’ll answer their health questions if there are any.
You then sign your application electronically on your device.
If you’re approved, you’ll get a policy in the mail. However, if you’re declined, you’ll get a letter outlining why you were denied.
In most cases, you don’t need to speak with a licensed agent or customer service representative at any point.
Pros & cons of buying directly from an insurance company’s website
- Usually, you don’t have to speak to anyone.
- The process is fast if you’re proficient with navigating electronic applications.
- There is generally no medical exam.
- You’ll see actual prices before formally applying.
- Most plans are guaranteed acceptance, which has a two-year waiting period before you’re covered for natural causes of death.
- There is no personal point of contact that you can call for service issues down the line.
- If you apply for a plan with health questions, the health questionnaire is often ambiguous, which can lead to a denial. Being previously declined for life insurance can jeopardize your ability to qualify with another provider.
- You likely won’t know for weeks whether you’re accepted or rejected because they don’t call you. They merely send (via US mail) a policy or denial letter that takes weeks to arrive.
- It may not be immediately clear how the policy works. For example, very few people realize that an AARP burial insurance policy will increase in price every five years and has an 80-year-old age limit.
- You’re limiting yourself to a tiny portion of the market. Nearly all life insurance companies only sell their policies through licensed agencies. They don’t sell their coverage directly to consumers online, by mail, or by telephone.
How To Buy Burial Insurance Online From An Insurance Agency Website
For context, an insurance agency (aka “broker) represents one or more insurance companies. They are licensed and authorized to sell insurance for whichever companies they partner with.
Working with a broker is similar to going directly to the insurance company. You fill out the application online by providing all your personal information and signing electronically.
The primary difference when working with an agency is that you may need to speak with a licensed agent to finalize the application. If that happens, it’s generally to confirm that your information is accurate and to read you the health questions (if any).
If approved, the agency you bought from will notify you of the good news, and you will get your policy in the mail.
However, if you’re declined, you will most likely get a phone call to inform you of the bad news.
One of the key differences when buying final expense insurance online through an agency is that they can often pivot and apply with another provider.
So if the first company you applied with declines you, they can immediately try the next best option.
Pros & cons to buying through an agency
- Agent advisory services are free. Also, insurance isn’t more expensive because you buy through a broker.
- Agents can offer you multiple insurance companies. That allows them to compare offers from various providers to find you the best rate.
- They can provide quotes from multiple carriers since they aren’t limited to one company.
- You will have a personal point of contact to call for questions and help with service issues.
- You’ll have access to far more life insurance companies. Most insurance carriers only sell their products through licensed agents.
- You get a professional who can advise you on the pros and cons of the various types of life insurance and recommend the best plan.
- They know how each carrier underwrites, which reduces the risk of a decline. Being declined by one life insurance company can make it harder to qualify elsewhere.
- Some agents (such as State Farm) are captive and only represent one provider. They cannot offer any other companies to get you a better deal.
- You likely have to speak to a licensed agent via telephone.
- Some unethical agents will only care about their commission and not make recommendations in accordance with your best interest.
- Not all, but some agency websites don’t show you prices even though they make it appear as if they do.
The Best Final Expense Insurance Companies With Online Applications
Many final expense insurance companies in the USA have online applications.
Remember, no single company can be the best option for everyone. Every company has different prices, policy limits, and terms and conditions. Also, some policies have waiting periods, and some don’t.
For those reasons, comparing burial insurance policies from multiple providers is key to finding the best plan.
- $10K Policy Cost $41.01/month*
- New Applicant Ages 45-85
- Death Benefit Options $2,000-$50,000
- 2-Year Waiting Period No
- $10K Policy Cost $43.99/month*
- New Applicant Ages 45-80
- Death Benefit Options $2,000-$50,000
- 2-Year Waiting Period No
- $10K Policy Cost $47.60/month*
- New Applicant Ages 40-89
- Death Benefit Options $2,000-$50,000
- 2-Year Waiting Period No
Frequently Asked Questions
In most cases, insurance companies will require you to pay your insurance premiums via an automatic deduction from a checking or savings account. Very few companies will allow you to pay with a credit or debit card or by mailing in a check or money order.
Buying a burial insurance policy online with no waiting period typically requires working with a broker. However, a select few providers have a 100% online application where the coverage has no waiting period (if you’re approved). A couple of renowned examples include TruStage and the AARP life insurance program.
Final expense insurance is a small death benefit whole life policy meant to pay for your end-of-life expenses. It’s common to hear final expense insurance referred to as “burial insurance” or “funeral insurance.” The policy pays a cash benefit (tax-free) to the beneficiaries of your choice.
Most companies offer plans up to $50,000 in coverage to seniors 50-85. However, some companies (not many) offer plans below 50 and above 85.
- Nationally licensed life insurance agent with over 15 years of experience
- Personal annual production that puts him in the top .001% out of all life insurance agents in the nation.
Anthony Martin is a nationally licensed insurance expert with over 15 years of experience and has personally served over 10,000 clients with their life insurance needs. He frequently authors entrepreneurial and life insurance content for Forbes, Inc.com, Newsweek, Kiplinger, and Entreprenuer.com. Anthony has been consulted as an expert life insurance source for dozens of high-profile websites such as Forbes, Bankrate, Reuters, Fox Business, CNBC, Investopedia, Insurance.com, Yahoo Finance, and many more.
- Nationally licensed life insurance agent with over 19 years of experience
- Best selling Amazon author.
Jeff Root is a nationally licensed life insurance expert with over 19 years of experience. He has personally helped over 3000 clients with their life insurance needs. Jeff is a best-selling Amazon author and the managing partner of a highly successful insurance brokerage that manages over 2,500 licensed insurance agents across the USA. He has been a featured life insurance source for prestigious websites such as Forbes, Bloomberg, MarketWatch, Nerdwallet, and many more.
- Nationally licensed life insurance agent with over 10 years of experience
- Best selling Amazon author of three insurance sales books.
David Duford is a nationally licensed insurance expert with over 10 years of experience. He has personally helped more than 1500 clients buy life insurance. David has been featured as an expert source for highly authoritative publications such as A.M. Best and Insurancenewsnet. He also runs one of the largest Youtube channels to help aspiring insurance agents serve their clients better.
- Nationally licensed life insurance agent with over 19 years of experience
- Best selling Amazon author.
Jeff Root is a nationally licensed life insurance expert with over 19 years of experience. He has personally helped over 3000 clients with their life insurance needs. Jeff is a best-selling Amazon author and the managing partner of a highly successful insurance brokerage that manages over 2,500 licensed insurance agents across the USA. He has been a featured life insurance source for prestigious websites such as Forbes, Bloomberg, MarketWatch, Nerdwallet, and many more.
- Nationally licensed life insurance agent with over 10 years of experience
- Best selling Amazon author of three insurance sales books.
David Duford is a nationally licensed insurance expert with over 10 years of experience. He has personally helped more than 1500 clients buy life insurance. David has been featured as an expert source for highly authoritative publications such as A.M. Best and Insurancenewsnet. He also runs one of the largest Youtube channels to help aspiring insurance agents serve their clients better.
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