More seniors in their 70s have barely reached retirement due to longer life expectancy and better health allowing folks to enjoy working longer. When retirement comes, many are asking how to get the best burial insurance in your 70s. Employer benefits no longer carry into the retirements years as they did in the past leaving many without proper life insurance once they leave their jobs. With longer life expectancy, savings and retirement monies are needed for living expenses and can’t be counted on to pay for funeral costs and final expenses. That is where burial insurance can help. Burial insurance is permanent life insurance is a whole life insurance policy intended to protect families against the high cost of burial expenses and can provide families a little money leftover for debts and other needs.
Having burial insurance means your savings and retirement money can be used for enjoying your twilight years and not have to be saved for your final expenses. Burial insurance is also helpful for those on a fixed income who can’t save for the cost of a funeral. In either case, Assurance Life is a broker who can help those seeking the best burial insurance in your 70s.
Getting Burial Insurance is as easy as ABC-123!
Most people think of life insurance in two ways- it may have been an employee benefit at your job where you didn’t do much more than list a beneficiary and you just had a whole life policy that was either free or a small monthly fee OR it was a complicated process with a private agent, health exams including bloodwork, and the insurance expired at a certain age, meaning all those premiums you paid went unused. Burial insurance is has a few more steps than your employee benefit type of insurance but is WAY simpler than the term life policy you may have had in your younger years. Here’s the lowdown on just how easy it is.
1- How much do you need? This is actually the hardest step because you want to be sure you are getting enough burial insurance to protect your family but you don’t need so much that your premiums will be too expensive. The first step is to consider the cost of a funeral. It is important to make your final wishes known to your family so that your burial insurance is used in the way you prefer. Nationwide, the average funeral is about $10,000 for burial and $8,000 for cremation once the services and typical extras are paid for.
After including funeral cost, you want to consider what debts you owe or monies you might want to leave for your family. Sometimes, people only want burial expenses included in their funeral insurance and some want to include extra money. That is a personal choice and you can even compare policy amounts to help you make your decision. The typical person in their 70s gets between $8,000 and 15,000 worth of burial insurance.
2- Get some FREE QUOTES to compare policies. Assurance Life is a broker who works with numerous reputable companies nationwide such as Mutual of Omaha, AIG,Gerber Life Insurance, and Transamerica Life Insurance. Mutual of Omaha life insurance for seniors and other companies are where you will find the best burial insurance in your 70s because they specialize in plans for every situation ranging from folks in wonderful health who barely go to the doctor all the way to people with serious health issues that have caused them to be declined for life insurance. With Assurance Life, EVERYONE 85 and under is approved for some type of burial insurance because we are able to look at so many companies to see which one will work for you. The application is short and asks for your basic information and a brief list of health questions. All the health questions are yes and no format so they are easy to answer. After the application is complete, the process to get your quote is quick and easy and takes about 10 minutes.
3- Choose your plan and get your burial insurance started. Once you get the quotes for a few burial insurance amounts, you can choose the one that fits your needs and budget. 90% of the time, your whole life insurance policy will begin DAY ONE when your first payment is made. This means your family is protected immediately against the financial burden of paying for the final expenses when you pass. Sometimes, certain more serious health problems mean that some folks in their 70s have a waiting period for their policy to begin but thankfully this is only about 10% of the time.
Even with the most serious health problems, Assurance Life can provide a GUARANTEED ISSUE plan so that you can have the peace of mind for you and your family that your burial insurance plan will pay for your funeral expenses. Guaranteed issue is just what it sounds like- guaranteed that everyone is approved, regardless of health problems. All burial insurance plans whether DAY ONE coverage or those with a waiting period have NO MEDICAL EXAMS needed. They are approved quickly and the plans can be started when payments begin.
What are you waiting for?
Retirement awaits and there is no time like the present to get the details checked off such as getting a burial insurance policy in place. It is easy to remember to get other types of insurance because they are either legally required or simply in the forefront of your mind due to the financial dependence we have on them. None of us wants to risk being without health insurance, car or home insurance. However life insurance is way too easy to put off because we don’t really like to think about when we will die. Act now while you are thinking about it. Rates are based on age and health and we know noone is getting any younger and usually we aren’t getting healthier either. Protect your family and get a free quote now for the best burial insurance in your 70s. Call us at 800-517-0810 for burial insurance quotes.