Burial Insurance Rates: 3 Important Advantages!

Burial insurance rates provide 3 important advantages that can help seniors get life coverage and cover their funeral taxes. Life insurance is a policy that guarantees a death benefit which will be paid after and if the insured dies. The ones who receive the insurance proceedings are called beneficiaries and are designated by the insured.

1335181510-Low-Cost-Term-Life-Insurance.jpgSince burial costs are very high, many seniors are encouraged to buy a life insurance plan. After they pass away, the remaining family members will be able to cover funeral expenses using the insurance proceedings.

Here are three important advantages a final expense life insurance plan can offer you:

1.       Cover funeral expenses

The price of an average burial ceremony, all expenses included, can be well over $10,000. This is a high amount many families cannot afford to spend. Indeed, many Americans take loans in order to bury their loved ones. By having final expense life insurance, you can help your family cover your funeral taxes without having to borrow money. Since burial insurance rates are affordable, life insurance is one of the best ways to cover funeral expenses.

2.       You do not have to take medical examinations

Final expense insurance is a no medical exam plan, which means that you do not have to take medical tests. This may seem unusual, but no exam life insurance plans are growing in popularity because of their affordability and simplicity. In order to qualify for burial insurance, you have to answer four simple questions. Four questions and that’s it! You will have life insurance.

3.       It is fast

For a number of reasons, some people need life insurance fast. This can be a problem if you apply for a traditional plan. Not only that the application process is long, but issuing a policy can take between three and six weeks. By purchasing burial life insurance, you only have to wait 24 hours. This is the fastest way in which you can get life coverage.

Online Insurance Marketplace does not sell life insurance, but we can help you find the best burial insurance rates! With a simple click you will have access to quotes from top agencies in the country. Visit us for a free quote!