Sample Burial Insurance Rates for 57 Year Olds

Written on August 15, 2016 by Choice Mutual

Sample Burial Insurance Rates for 57 Year Olds

For personalized quotes, try out our simple burial insurance quote tool on this page. You can see prices from many different burial insurance companies within your state. We highly recommend you speak with A licensed Choice Mutual agent. We say this because they will be able to save you time and money by doing all the work for you. However, if you just prefer to get some price estimates, keep reading to see the sample burial insurance prices.

Did you know that prince was just 57 years old when he passed away? The music legend died on April 21, 2016. A press release stated he died accidental overdose of fentanyl. Fortunately, his music will live on forever. 57 years Sample Burial Insurance Rates for 57 Year Oldsold is such a young age to pass. However, it’s ever too early to plan for your inevitable end of life expenses. On that note, these sample burial insurance rates for 57 year olds will give a snapshot of what a burial insurance plan will cost you as this age. Price is not the only to consider when buying final expense insurance, but it is a big factor. Today, most seniors are on a fixed income. For this reason, it’s important to get the best value possible when shopping for burial insurance.

Many people think they can save some money by waiting a few years to buy a burial insurance plan. Unfortunately, this usually doesn’t end well. First of all, your current and past health plays a major role your ability to get burial insurance in the first place. Furthermore, your exact price is a function of your age, your benefit amount, and your health. In general, the older you get, the greater the chances are that you will develop some health issues. With this in mind, waiting to buy a burial life insurance plan could be a disaster on your pocketbook if you develop some health conditions. As the Nike saying goes, just do it. If you want the peace of mind knowing your funeral costs won’t be left to your family, get yourself approved as soon as possible. Waiting will only cost you money.

 

Cheap Sample Burial Insurance Rates for 57 Year Olds

Just below you will see some final expense estimates at your age. These are not perfectly exact, but they are very close. Most of our 57 year old applicants qualify for rates close to these. As always, be sure to talk to a licensed agent who is both experienced and independent, before you sign up for any burial insurance plan. Our toll free number is 1-800-644-2926 if you want to give us a shot.

Non Tobacco User- Female

$5,000$10,000$15,000$20,000
$18$32$47$62

Non Tobacco User- Male

$5,000
$10,000
$15,000
$20,000
$21
$40
$58
$77

Tobacco User- Female

$5,000
$10,000
$15,000
$20,000
$23$45
$67
$89

Tobacco User- Male

$5,000
$10,000
$15,000
$20,000
$30
$56
$84
$111

Whatever you do, please do not make the mistake of thinking you can put this off because you are so young. Getting a little older really won’t impact the price of final expense too much. Check out what burial insurance will cost a few years from now at age 61. The prices aren’t much higher honestly.

The trouble with waiting is that your health is never guaranteed to remain the same. In fact, it’s usually just a matter of time before it does. It happens to everyone. It’s just a matter of when it will happen. Poor health can and will greatly affect the price of burial insurance. You can only lose money by waiting. Even if you don’t buy from us, you should get your plan in place immediately.

Find The Best Burial Insurance

Who doesn’t want to get the best deal possible. In truth, everyone does. Final expense insurance is no different. Today, like you are doing right now, most consumers go online and do research before they buy anything. The internet has really made it a breeze for shoppers to compare and learn online before they buy. Fortunately for you, you are on the most trusted and complete burial insurance resource on the internet. There is pretty much nothing about burial insurance you can’t find on our website. In addition, if you have any lingering questions, you can always call us.

Having said that, let’s talk about how do you find the best burial insurance. If you search this exact question online, you will find many downright misleading articles. Unfortunately, most websites will lead you to believe that finding the best burial insurance is done by finding which insurance companies have the highest financial ratings and the longest histories. The reality of the situation is, nothing could be further from the truth.

Don’t misunderstand our message here. An insurance company having good financials is very important. All the same, their time in business is also a key factor to consider. However, these two attributes are merely parts of the overall equation. If you go by those two standards alone, you will find the best burial insurance policy.

To get the best burial insurance plan, here are the four key factors to consider:

  • They have a solid financial rating
  • They have been in business at least 20 years
  • Their underwriting looks at your health favorably
  • The price per month

Now that you know what to look for, it’s really simple. Gather a list of reputable insurance companies that offer final expense insurance. Once you have that list, follow these two steps to find the best burial insurance plan:

  1. From that list, identify which insurance companies accept all your health conditions (if any).
  2. Sort the prices from this new refined list and choose the cheapest option.

That’s all there is too it! You will be left with a the cheapest burial insurance plan from a reputable company. In addition, your plan will have no waiting period because the plans underwriting accepted all your health conditions. In contrast, if you listen to most articles, you would not be left with these kinds of results.

We mentioned earlier that Choice Mutual is the most trusted and exhaustive burial insurance resource on the web. Hopefully this articles helps you understand why that is. You will not find this kind of insider information elsewhere.

Choice Mutual will help you find the best burial insurance

Put simply, we can easily and quickly do all of the above for you, and ensure we find you the best burial insurance plan possible. Burial insurance is all we do. We believe in being experts in this space, so you can feel comfortable knowing you are dealing with an expert.  For the last five years, we have been helping families navigate the muddy waters of final expense insurance. Let us be your guide. Get started by filling out the quote form on the side, or by calling us directly at 1-800-644-2926.

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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2 Comments

Barbara Bennett

So I’m a 57 year old non-smoker. I only want enough insurance to bury me. Nothing else. So let’s say $10,000. if I were to live to 77, I would pay approximately $32 a month for the next 20 years for a total cost of $7,680. If I live to 87, I’d have spent $11,520 for a $10,000 policy?

July 9, 2017 at 1:25 am
    Choice Mutual

    Hi Barbara,

    At 57 we show that Mutual of Omaha would give you the best rate. For $10,000 in coverage they would charge $30.06 per month which is $337.70 annually. After 30 years when you are 87 you would have paid a total of $10,131 in premiums.

    A couple things to understand. First, the insurance company is on the hook for $10,000 starting on day one. Furthermore, the insurance company holds the risk of losing a ton of money for all of those 30 years. If you were to pass away during that time, they are out a ton of money. If you do live to be 87, the insurance company does stand to come out ahead every so slightly.

    If you are looking for a permanent life insurance policy where you are guaranteed to never give the insurance company premiums that are equal to or less than the total death benefit, that does not exist. Think about it for a moment. Why would any insurance company voluntarily engage in a contract where they have to pay a death claim no matter what (because the policy is permanent) and they will never receive premiums that eventually match what they will pay out? They wouldn’t sign up for a losing proposition. That just wouldn’t make sense.

    Now you could take out a term life policy where you will never come remotely close to paying in what the policy will pay out. The caveat to a term life policy (such as AARP or Globe life) is that the policy will expire (usually around 80). In that scenario, the insurance company is betting that you outlive the policy, and the client is hoping they don’t. From a statistical perspective, the insurance company wins a vast majority of the time.

    Ultimately, with permanent whole life burial insurance plans like these, you are paying for instant and lasting peace of mind. At some point the insurance company does stand to make a profit, but not for many years. So they key question to ask yourself centers around what’s most important to you.

    Do you think it’s worth it to pay monthly for coverage that instantly ensures your family isn’t burdened with burial costs even though the insurance company will 30 years later make a little money?

    Hope this helps. Feel free to reach out with any more questions.

    Have an awesome day!

    July 9, 2017 at 4:41 pm
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