How To Qualify For Burial Life Insurance?

Qualifying for burial life insurance is simple and fast. Burial life insurance is one of the best ways of getting cheap funeral insurance. The agency will guarantee a benefit which will be paid to your beneficiaries after you die. The insurance money can be used to cover your burial expenses.

MWhy do you need life coverage for funeral expenses?

Since funerals are becoming more and more expensive, many families cannot afford to bury their relatives. In order to prevent putting a financial strain on your family, you have to buy burial life insurance. Funerals not only are expensive, but they can also be an unexpected expense. Many people decide to save money during their lifetime for their funerals. This is a good idea, but it is still not as efficient especially in case of untimely death.

What is burial life insurance?

Burial life insurance is a permanent insurance plan which guarantees a death benefit. The benefit is paid to the designated beneficiaries, after the insured dies. The coverage cannot be higher than $50,000.

The benefit is also graded which means that the policy will not pay out if the insured dies in the next one or two years since the policy has been active. Instead, the agency will only repay the premiums.

How to qualify?

Probably the biggest advantage of burial life insurance is the underwriting process. In order to qualify for a plan, you will only need to answer three questions:

  1. Do you smoke?
  2. Are you suffering from AIDS/HIV?
  3. Are you a cancer patient?
  4. Have you been declared terminally ill/Have less than 12 months to live?

You are eligible for insurance only if you answer “no” to the last three questions. Smoking will not disqualify you, but it will increase your rates.

By purchasing burial life insurance, you do not have to take any medical tests. This save you a lot of time and is a great relief for many. The biggest downside of this policy however, is the limited coverage and the high price. This type of plans is best suited for seniors or for people with pre-existing conditions.

We can help you find cheap funeral insurance by comparing quotes from top providers! Visit our website for more information!