When you’re planning for your final expenses, you want to be sure that your loved ones are taken care of. There are a few options available to you, but one of the best is burial insurance. This type of policy will pay out a death benefit that can be used to cover your funeral and other related costs.
The best part about it is that it pays out immediately, so your loved ones won’t have to worry about coming up with the money to cover your final expenses.
If you’re looking for a funeral coverage policy that will give your loved ones the peace of mind they need, read on to learn more about the benefits of this type of policy.
But before we dive into that, let’s understand what it is exactly.
It is a sort of coverage that will cover your funeral expenses after you pass away. No matter when you pass away or how soon after, if you apply for this kind of coverage, your family will be able to claim the reward promptly.
Aetna Affiliate Accendo Life Insurance offers burial insurance and other policies suitable for seniors. With it, there are no yearly premium hikes because it is whole-life coverage. It provides pre-approval at the point of sale. That implies that you will be able to determine the type of coverage for which you qualify based on the answers you provided throughout the application process. It offers preferred, level, and modified benefit plans.
1. Immediate coverage with no waiting period
2. The issuing ages are 40-89
3. A maximum payout range of $25,000 to $50,000
4. Low monthly premiums
5. A minimum benefit amount of $2,000
Americo Financial Life and Annuity Insurance Company is a 100-year-old company. It offers several coverage options, including burial insurance. Annuity Insurance Company, Ohio State Life Insurance Company, and Great Southern Life Insurance Company, to name a few, are examples of substantial acquisitions.
The benefits of its burial insurance
It offers various coverage plans, including burial insurance.
Under Level Death Benefit:
Under Graded Death Benefit:
It offers several coverage options, including burial insurance. Prosperity Final Expense Life Insurance has three health ratings you could qualify for level, graded and modified.
There are many factors to consider when choosing a burial insurance policy. The most important factor is whether the policy pays out immediately. Aetna (CVS Health), Americo, Mutual of Omaha, and Prosperity are the top four carriers that offer immediate payouts. If you want to learn more about burial insurance, keep reading our blogs or contact us.