Who Else Wants Some Burial Insurance Rates for 85 Year Olds?

Written on September 16, 2016 by Choice Mutual

Sample Burial Insurance Rates for 85 Year Olds

To see instant burial insurance quotes for 85 year olds, just scroll down. We have a bunch on this page! You can also use the quote form on this page to see even more prices.

It’s hard to get burial insurance coverage at 85!

Or wait… is it?

The truth is, getting funeral insurance at 85 is no more difficult than it was at 60, 70, or 80. The only real difference now is it will cost more because you are 85.

Crazy right? Well it’s the truth.

Now we know what you are thinking: What will it cost at 85? Sure thing, coming right up.

Burial Insurance Rates for 85 Year Olds

In this article, you will see multiple age 85 final expense quotes from different companies. In addition, you’ll learn some simple tricks to finding the best policy at this age, we’ll break down the savings account option versus burial insurance option.

Finally we will explain you absolutely must let Choice Mutual help you secure your policy.


Fun Fact About The Number 85: At 85 years old a man by the name of Theodor Mommsen (shown below) won the Nobel Peace Prize. Being granted the Nobel Peace Prize at any age is ultra impressive and truly a noteworthy accomplishment. Good for him!


Burial Insurance Rates for 85 Year Olds

Article Quick Navigation Links

  1. Real Burial Insurance Rates for 85 Year Olds
  2. How To Easily Find The Best Funeral Policy
  3. Pros & Cons Of A Savings Account Vs. Burial Insurance
  4. Why Choice Mutual Can Help You Like No Other

 

Sample Burial Insurance Rates for 85 Year Olds

Just below you will see some real sample prices for someone who is age 85. Granted, being 85 means the insurance itself isn’t cheap.

If you compare these numbers to what final expense insurance costs for someone in their 70’s, you can see the difference. Nevertheless, you are still eligible and there are plenty of companies that will issue you a new policy with no waiting period if you qualify.

Keep the following in mind as you view these prices:

  1. These are just five of the many companies we work with. It’s possible that your best policy will be with one of these companies. Then again, it may be with one of the other final expense carriers we represent. Ultimately, we will assess your health and determine for you which insurance company is best for you.
  2. Tobacco rates only apply if you have smoked cigarettes within the last year. If you chew, smoke a pipe or cigar, we will place you with a carrier that will offer you non tobacco rates.
  3. All prices are only available to applicants that answer no to all the health questions with each insurance company (except AIG because they have no health questions).
  4. Rates shown are taken directly from each insurance company. You will not find different rates for these companies if you go elsewhere. By law, prices must be equal no matter who you buy from.

You know the saying “ladies first”. You’ll notice that we show female rates first. If you want to jump right to male rates, click here.


 

Non Tobacco Female

Burial Insurance Rates for 85 Year Olds
$5,000$10,000$15,000$20,000
$69.55$135.90$202.25$268.60
Burial Insurance Rates for 85 Year Olds
$5,000$10,000$15,000$20,000
$75.71$148.81$221.91$295.01
Burial Insurance Rates for 85 Year Olds
$5,000$10,000$15,000$20,000
$76.05$148.60$221.15$293.70

 

Tobacco Female

Burial Insurance Rates for 85 Year Olds
$5,000
$10,000
$15,000
$20,000
$96.45$189.70$282.95$376.20
Burial Insurance Rates for 85 Year Olds
$5,000$10,000$15,000$20,000
$106.54$210.44$314.34$418.23

 

Female No Health Questions

Burial Insurance Rates for 85 Year Olds
$5,000$10,000$15,000$20,000
$103.10$204.20$305.31$406.41

 


 

Non Tobacco Male

Burial Insurance Rates for 85 Year Olds
$5,000
$10,000
$15,000
$20,000
$93.18$183.15$273.13$363.10
Burial Insurance Rates for 85 Year Olds
$5,000
$10,000
$15,000
$20,000
$107.66$212.71$317.76$422.81
Burial Insurance Rates for 85 Year Olds
$5,000
$10,000
$15,000
$20,000
$101.95$200.40$298.85$397.30

 

Tobacco Male

Burial Insurance Rates for 85 Year Olds
$5,000
$10,000
$15,000
$20,000
$141.39$279.58$417.78$555.97
Burial Insurance Rates for 85 Year Olds
$5,000
$10,000
$15,000
$20,000
$130.11$257.57$385.04$512.50

 

Male No Health Questions

Burial Insurance Rates for 85 Year Olds
$5,000
$10,000
$15,000
$20,000
$150.43$298.86$447.30$595.73

 

Getting The Best Burial Insurance Policy At 85

By now you, like most people, must be wondering how you go about finding the best burial insurance company at 85.

It’s only natural, and quite frankly many people have this very same question.

First of all, it’s difficult or super time consuming as you might think.

Finding the best burial insurance in your 80’s, or any age really, all comes down to one simple thing. You have to work with an agency that has two big qualifications. They are:

  • An independent agency, and they have access to many different insurance companies.
  • Have years of experience dealing with final expense insurance. Preferably, they should specialize in final expense.

If you can find such an agency, your work is done. You simply tell them about your health, and what you are looking for. They will do the rest.

Burial Insurance Rates for 85 Year Olds

Now, you must be thinking this sounds all too simple. You are right; it is simple, but its been proven to work time and time again. Allow us to explain why we recommend this as a course of action.

Working with an experienced independent agency gives you access to two very big benefits.

  1. Only an independent broker agency can unbiased shop and compare prices from all the different insurance companies they represent. They can find which company offers you the best deal.
  2. Their experience will allow them to know with virtual certainty which insurance companies will look at your health favorably. This is key to getting the lowest prices, and avoiding unnecessary waiting periods.

Once you find an agency like that (hint, hint, Choice Mutual 😎), let them go to work for you to find the best burial insurance plan.

Just act immediately since you are 85.

 

Savings Account Vs Burial Insurance At 85 Years Old

Because 85 year old funeral insurance premiums are high due to your age, you may be pondering the idea of saving up your money instead of investing it into a burial insurance plan.

It’s a valid option to consider, so let’s explore the pros and cons of doing so.

Burial Insurance Rates for 85 Year Olds

First of all, we encourage you to identify your goal. Another way to put this:

  • Why did you begin to look for burial insurance in the first place?
  • What were you hoping to accomplish?

Most folks we speak to have a goal to ensure their family is not financially burdened by their final expenses.

For the sake of this discussion, let’s assume that is your goal.

If you decide to put $100-$200 per month aside in savings account, how will that money pay off your funeral if you pass away tomorrow, next week, next year, or during the next two to five years? The truth is, it won’t.

If you go that route and you pass away, your family will be stuck with some pretty large bills which is the very thing you set out to avoid.

On the other hand, if you put your money into a burial insurance plan, you can be protected in full from day one. By going the insurance option, you accomplish your goal immediately. You can instantaneously have peace of mind knowing that your funeral expense will be paid for by your insurance policy.

On the flip side, if you go the savings account method and make it to your 90’s and beyond, you will have saved up more money than what the insurance would pay out.

 

The Bottom Line with the savings account

Here’s the deal

If you go the savings account method and you truly are diligent about putting away $100-$200 per month without fail (the vast majority of people will not successfully do this), you might save money.

However, that will only occur if you live to be close to 90 years old. This may be a dark thing to point out, but it’s the truth. Statistically speaking, most people don’t live to be 90.

With that, we encourage you to remember your goal. It’s about your family and the burden you don’t want them to experience. In most cases, the burial insurance option will result in a net savings and it offers you immediate protection.

Burial Insurance Rates for 85 Year Olds

So what’s most important to you...

Instant peace of mind or coming out ahead a few hundred bucks after 5+ years?

Why Choice Mutual

Want to know the best part about working with Choice Mutual? It doesn’t cost you a dime.

Additionally, we will save you a ton of time and money because in minutes we can find you which burial insurance company is best for you.

We have access to over 20 burial insurance companies. For that reason, we will find you which one is best for YOU.

Burial Insurance Rates for 85 Year Olds

It gets better though. We can assist you from the comfort of your own home. You will not have to deal with any agents in your personal space. We operate entirely over the phone, internet, email, and regular mail.

Because we have years of experience and access to many different final expense companies, we know we can find you the best deal. That’s our whole business model. We independently represent YOU. We will find which carrier has the best plan for you.

Final expense is all we do. If you need help with this, give us a call at 1-800-644-2926. You can also let us call you. To do so, please fill out the quote form on this page with your best call back number.

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

I have a question concerning burial insurance for seniors. If someone is 86 years old, they have already outlived the average life expectancy. So, say you pay, $200 a month for a $10,000 policy, and the person only lives 2 years….how do you make money on that because you are receiving $4800 in premiums over 2 years but you are paying out $10,000? or is someone age 86 insurable. I am going by your chart. Or, is someone over the age of 85 still insurable? thanks

December 7, 2016 at 11:17 pm
    Choice Mutual

    Hi Kim,

    First of all, great questions! I’ll start by addressing the age and insurability question. The vast majority of life insurance companies will only issue a new policy for applicants up to age 85. Please remember, the policy doesn’t end at 85. This just means they stop issuing new coverage to people older than 85. There are VERY few (there are only 2 we know of) that will issue a new policy one someone who is 86-90. The two companies we are aware of that offer new coverage on someone over 85 are Security National Life and Aetna. We do not work with these companies simply because they only allow their products to be sold by having an agent physically meet someone in person (everything we do is done via phone, mail, or email). If you need coverage on someone who is 86-90, you can call them and arrange to have an agent meet you.

    I’ll do my best to address the question regarding how the insurance companies make money on people who are already beyond their life expectancy. In a nutshell, the insurers realize that some people will in fact die at a point where the insurance company absolutely loses money. On the other hand, they know mathematically that a portion of these policy holders will live much longer than the average life expectancy. In addition, there are also going to be a certain portion of the client base that keeps a policy for a certain number of years, and just lets it go either by cancelling or just by lapsing. Lastly, life insurance companies make a bulk of their money via investments. Essentially, a good portion of the money they collect, they invest in all sorts of things. Ultimately, all of this stuff combined leads to them making money in the long run. They have very well trained actuaries study multiple variables to KNOW that in the long run, they will make a profit.

    Hopefully, that answers your question. Even though insurance agencies like us can sell their products and know the ins and outs of the underwriting, pricing, etc, the insurance companies would never actually tell us precisely how they make profit. That is highly protected information that they would never ever release to anyone outside of their executive board room.

    Just know this. If any insurance company releases a product, they know they are going to make money or they wouldn’t offer it. In addition, life insurance companies are in it for the long run. They project to make profit after like 5+ years.

    If you have any other questions, feel free to call, comment, or email us!

    December 8, 2016 at 4:28 pm
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