If you just want to see quotes from a bunch of different final expense companies in your state, please fill out the quote form on this page. After you hit “Get Quotes Now”, you will see a big list of burial insurance prices from cheapest to most expensive.
Did you know that Muhammad Ali was 74 years old when he passed away? Nicknamed “The Greatest”, Ali was the overwhelming dominant heavyweight fighter of the 60’s and the 70’s. Hopefully at age 74, you are still living life to its fullest. You have many years left, and hopefully you enjoy every minute of them. With that, it’s time you put a burial insurance plan in place for yourself before it gets too late. The longer you wait, the more it will be because you will be older.
Check out how much of a difference a year makes by looking at burial insurance costs for a 75 year old. In addition, your health is never guaranteed at anytime. As time goes on, your health will change. It’s a natural part of life. Your health is a major factor in the overall cost equation for final expense insurance. If you wait until later in life, you will be older and your health might make it much more expensive. Not to mention, if you currently don’t have a plan to pay off your final expenses, you will have no way to ensure your funeral expenses are paid for should something happen to you early.
Sample Burial Insurance Rates for 74 Year Olds
Below you will see some average prices for burial insurance for someone at your age. First, these prices are not exact. They are merely averages of what most 74 year olds pay. Your price will be a function of your health and which carrier best suites you. These prices are merely to give you a good ball park figure. You can trust that you will pay a monthly rate that is very close to these prices. If you deal with some major health issues now or have in the recent past, it’s best you call us for accurate quotes. Please use our toll free number which is 1-800-644-2926. We will let you know exactly what you will pay and which company will best suit your individual situation.
No health question burial insurance
This type of final expense insurance is known as guaranteed acceptance or guaranteed issue. Basically, the insurance company asks you no health questions or checks your medical history in any way. They simply issue you the policy without verifying anything about you. You probably get mail advertisements for this type of insurance. In addition, companies like Metlife and Colonial Penn regularly advertise this type of burial insurance on TV.
There are certain situations where these plans are indeed warranted in select situations. However, for the vast majority of people, these kinds of policies are absolutely not the best policy. First of all, it’s important you understand the drawbacks to these kinds of policies.
The biggest drawback to guaranteed issue burial insurance is the cost. These policies are far more expensive compared to burial insurance that has health questions. You will unequivocally pay much more for a guaranteed acceptance final expense policy than you would any kind of policy that has underwriting.
The other main downside to a no health question policy is the mandatory waiting period. Since the insurance company knows nothing about your health, they impose a waiting period on every policy. Typically, the waiting period lasts two years. There are some companies that will require a three or four year waiting period, but that’s rare. The most common waiting period is definitely two years.
During this time, the insurance company will not pay out the death benefit if something should happen to you. Instead, they will refund all your premiums plus a little bit of interest. Usually, 10% is the amount of interest most companies go with. Thankfully, there is no risk of you losing any money. In fact, no bank CD or savings account will ever give you interest anywhere near 10%.
Most people absolutely should not resort to guaranteed issue final expense policy
Above all else, we say this simply because the overwhelming majority of applicants can and do qualify for a burial insurance plan that has health questions. Bear in mind the drawbacks associated with a guaranteed acceptance policy. You will avoid those downsides when you qualify for a policy that has underwriting. Wouldn’t you rather pay less and have a benefit that is effective immediately?
Most people we speak with are totally comfortable with answering a few health questions to reap the benefit of a lesser monthly payment and instant protection versus waiting two years. We realize that you may be highly attracted to the ease of applying with no health questions. Yes it’s easier to apply for a guaranteed issue final expense insurance plan. However, you pay a big price for that convenience.
If a guaranteed acceptance policy is your best bet, we will tell you. In fact, we will help you get one with Gerber Life. We feel they have the best no health question policy on the market because of its super low cost. On the other hand, if you allow us, we will most likely secure you a plan that has health questions. You will pay less and have instant protection. It’s still very simple to apply even when there are health questions. There aren’t physicals or medical exams. There are just health questions.
One final thought
If you are serious about wanting the protection of a burial insurance policy, we urge you to take immediate action. Hopefully you give us the chance to earn your business. However, if you decide to go elsewhere we are okay with that. We still want you to act right away.
We say this because tomorrow is never promised to anyone. If you currently have nothing to ensure your funeral costs are taken care of, your family is at risk. In addition, your health is a major factor in the cost of final expense insurance, and that certainly isn’t guaranteed to stay the same. In fact, your health will very likely change in the future. It’s only natural with age. It’s just a question of when will it change. These two reasons are why we recommend you apply with someone immediately. We would hate to see you wait days or weeks only to develop a health issue that drastically increases your premiums or results in a waiting period on your policy.
You can trust us to faithfully help you with this. We are an independent agency that will shop and compare prices for you. We will find which company in your state that will give you the best deal. For expert assistance finding the best final expense policy, call us at 1-800-644-2926. You can also let us call you. To do so, just fill out the quote form with your best contact number.