How to Find a $10,000 Life Insurance Policy For Seniors
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Finding the right $10,000 life insurance policy for seniors is tricky, especially if you don’t know what affects your policy or what a typical policy will cover. At Final Expense Benefits, we specialize in final expense insurance to help you and your family ensure that you get the funeral you want and even pay off any outstanding debts.
We’ve dissected everything you need to know about $10,000 life insurance for seniors — how much you can expect to pay at a top-rated insurance provider, what can increase your monthly premium, and more.
Do you need to talk to someone about your final expense coverage? Our agents are on the phone every weekday from 9 a.m. to 5 p.m. at (866) 786-0725. We are eager to help you find exactly what you need at the price you’ll love. If you need accurate information right now, we also have a free quoting tool that can give you estimates on policies you are interested in.
What Does a Policy for $10,000 Life Insurance for Seniors Cost?
Age, gender, health status, and where you live all factor in what your monthly $10,000 life insurance for seniors can cost. However, you can expect your monthly premium to be around $30 to $100 at one of the top insurance providers.
Here’s how it breaks down based on age and gender:
Best $10,000 Life Insurance for Seniors
| Company | 50 y/o Male | 50 y/o Female | 60 y/o Male | 60 y/o Female | 70 y/o Male | 70 y/o Female |
|---|---|---|---|---|---|---|
|
$34 |
$27 |
$51 |
$40 |
$73 |
$58 |
|
|
$39 |
$34 |
$52 |
$41 |
$86 |
$65 |
|
|
$30 |
$24 |
$43 |
$32 |
$74 |
$53 |
|
|
$36 |
$30 |
$47 |
$37 |
$81 |
$60 |
|
|
$55 |
$38 |
$68 |
$53 |
$106 |
$80 |
*Guaranteed issue life insurance with no medical questions
Factors That Affect Your $10,000 Life Insurance Policy Premium
Your final expense life insurance monthly premiums can change depending on many factors. We can see that age and gender both factor in the price of final expense life insurance. Generally, the older you are, the more expensive your burial insurance monthly premiums will be, and men will typically have higher premiums when compared to women.
Depending on how you answer your medical questionnaire, you might also have to pay more — especially if you have pre-existing conditions. If you smoke, your rates will also be higher than a typical policy. Call us at (866) 786-0725 if you have any questions about your coverage options based on your lifestyle.
Why Should You Get Final Expense Insurance?
Final expense insurance, known as funeral or burial insurance, is a life insurance policy that helps pay for your funeral expenses and other debts you might leave behind after you pass. These days, the funeral cost in the USA can easily reach $10,000, which is why we suggest you get a minimum policy of the same amount.
That way, you will ensure that your family will be financially secure after your passing. Plus, if you have a whole life insurance policy, your premium rate won’t increase as long as you live, and the policy will never expire.
Final expense insurance can also exist with other supplementary assistance, like social security, without interfering with each other’s cash value. This is because final expense insurance doesn’t have a cash value associated with it until the amount is paid.
If you’re worried about being rejected based on any pre-existing conditions or medical status, you won’t have to worry. Final expense insurance is designed for seniors and their families, so no medical exam is needed. However, most policies will require you to answer a medical questionnaire.
How Final Expense Benefits Can Help
Our agents at Final Expense Benefits are experts at finding the perfect final expense insurance you need — including $10,000 life insurance policies for seniors. We only work with the top insurance companies, so you’ll always get the most trusted coverage.
Every Monday to Friday from 9 a.m. to 5 p.m., call us at (866) 786-0725, and we’ll help you find the right policy for you and your budget. We’ve even got an online quoting tool that will show you some available plans for free.
But don’t take my word for it. We have over 100 reviews from satisfied customers over the years we’ve been in business. Here’s what people are saying about Final Expense Benefits:
Our Recommendations
Thankfully, at Final Expense Benefits, we contract with the top senior life insurance and final expense insurance companies. If you’re a senior on a fixed income, we recommend carriers like:
Unfortunately, there are a lot of companies out there offering insurance with high monthly premiums and minimal benefits. Here are companies that we suggest you avoid:
Regardless of your preferred insurance company, we suggest you talk to one of our talented insurance agents. Call us at (866) 786-0725 every weekday from 9 a.m. to 5 p.m., and one of our agents will walk you through all your options. You can also use our free quoting tool to see accurate final expense insurance estimates based on age, gender, and location.
Frequently Asked Questions
Is $10,000 Enough for a Funeral?
How Much Will a $10,000 Life Insurance Policy for Seniors Cost Monthly?
Depending on the company, you can expect to pay around $30 to $100 monthly for a $10,000 life insurance for seniors.