The Top 10 Best Burial Insurance for Seniors – Why You Can’t Afford to Miss Out
As we age, it's important to start thinking about end-of-life arrangements and the financial impact it may have on our loved ones. One often overlooked aspect is burial expenses, which can easily range from $8,000 to $10,000. This is where burial insurance or final expense insurance becomes crucial. Not only does it alleviate the financial burden on our families, but it also gives us peace of mind knowing that our final wishes will be fulfilled.
However, with so many insurance options available in the market, it can be overwhelming for seniors to find the right burial insurance for their unique needs. That's why we have curated a list of the top 10 best burial insurance for seniors, taking into consideration the coverage, rates, and customer satisfaction.
1. Mutual of Omaha – With an A+ rating from A.M. Best, Mutual of Omaha offers comprehensive coverage for seniors up to the age of 85, with no medical exam required.
2. AARP – Backed by New York Life, AARP offers affordable premiums and guaranteed coverage up to age 80, making it a popular choice among seniors.
3. Transamerica – Known for their competitive rates, Transamerica offers burial insurance for seniors with pre-existing conditions, including tobacco use.
4. Colonial Penn – With no medical exam and simplified underwriting process, Colonial Penn offers burial insurance for seniors 50 to 85, with premiums starting at just $9.95 per month.
5. Gerber Life – Offering burial insurance for seniors between 50 to 85, Gerber Life boasts a quick application process and coverage up to $25,000.
6. Globe Life – With over $80 billion in insurance in force, Globe Life has established itself as a top provider of burial insurance for seniors, offering guaranteed acceptance and level premiums.
7. Foresters Financial – As a fraternal benefit society, Foresters Financial not only provides burial insurance for seniors but also offers member benefits and community involvement opportunities.
8. Lincoln Heritage – With a specialization in final expense insurance, Lincoln Heritage provides fast policy approval and customizable coverage options.
9. Liberty Bankers Life – With no medical exam required, Liberty Bankers Life offers burial insurance for seniors aged 60 to 85, with coverage up to $35,000.
10. Royal Neighbors of America – As a nonprofit organization, Royal Neighbors of America offers affordable burial insurance for seniors, along with member benefits and volunteer opportunities.
By purchasing burial insurance for seniors, not only are you protecting your loved ones from the financial burden of final expenses, but you are also ensuring that your final wishes are carried out. Don't miss out on these top 10 best burial insurance options – click on the ads above to get a personalized quote and find the right coverage for you. The earlier you take action, the greater the peace of mind for both you and your family. Don't wait, secure your final arrangements today.