Burial insurance or final expense insurance is one of the most popular types of insurance that most of the companies offer this days. During the final departure of a person it is very difficult to hold that situation or manage all the necessary things for ones funeral realizing this fact today many of the insurance companies has been providing burial insurance in which they will provide all the necessary funding for ones funeral. This insurance is one of the type of funeral expense insurance and basically this policy is included in life insurance companies policies. Benefits that this policy offer is comparatively low than other insurance policies. The minimum rate of this policy is about $5000 and it may go upto $50000 or nearly equal to it. You can get this burial insurance policy in addition with life insurance or you can choose it separately. In addition to this the insurance company will provide the money after the death of insured and his/her beneficiary can do all the arrangement and management with that money for the funeral. However there are some of the companies that will arrange and make necessary management for the funeral ceremony of the death. Actually it is one of the most difficult time that every person need to face in their life.
Today we will provide to you of some of the burial insurance companies that has been specially designed for seniors and is one of the trusted and reliable burial insurance companies. Most of the insurance companies only select the senior who are having a good and fine health, however there are some of the companies which do accept any senior persons having their health issues. In fact most of the companies mentioned here have no any waiting period. You can easily distinguish the major difference for the insurance having waiting period and having no waiting period at the same rate and providing all services equally, which one do you choose, obviously the company that is providing no medical exam and no waiting period. Below are some of this companies:
Mutual of Omaha : Since its establishment from the year 1909 this insurance has been serving to the man kind it is one of the best insurance companies for the burial insurance at a very affordable and lowest rates. All age group starting from 45-85 years are included here. They have two types of plans provided for the people one is level plan and the next one is graded plan. There is a strong chance for all age groups of people to be selected for this company.
Transamerica : Transamerica is one of the best final expense insurance companies for seniors as it provides three different types of plans to its users. One is preferred plan, next is graded plan and the final one is standard plan. The age limits for this insurance company is from 50-80 years of age. The death benefits that they offer varies from $1000-$50000. They are very much suitable for the patience having chronic pulmonary disease as they are easily selected for the plan. In fact they have no waiting period for their both two plans but they have a waiting period for their graded plan.
Foresters Financial : This foresters financial is one of the largest insurance service provider for final expense insurance. All the people from age groups 50-85 are qualified for this insurance more important thing about this insurance is that this insurance provides a total benefit ranging from $2000-$33000. They have three types of plans provided and they are level, graded and modified plans in which level plan is best for the seniors who want to get a full coverage at a time by paying the premium at a low rates whereas their another policy of graded pays the full coverage in two years. In the very first year this company pays around 40% of the coverage whereas in the second year it pays rest of the money. Due to this reason none of the people are interested upon this plan.
Gerber Life : Gerber life is one of the insurance that has a very limited or a single plan of guaranteed life insurance that means a person is accepted without any health related questions or without any queries. In market Gerber life insurance has a minimum premium for their burial insurance. They issue your insurance certainly right after you pay your premium. They have a 2 years of waiting period. If insured die in that period then it will refund the whole amount back otherwise the person will get the benefits. They have benefits amount ranging from $5000-$30000. This is one of the best burial insurance companies.
American Continental Insurance : This is one of the best insurance companies that is specially designed for the senior citizens having the age limits from 65-85. The plan is basically divided into three types as level, graded and modified and the benefits that this company offers also varies from $3000-$35000. The premium rate for this insurance is comparatively lower than other insurance companies.
These are some of the best among best burial and final expense insurance companies for seniors with their plans, Policies and benefits. I hope this may have helped you out, if you have any confusion regarding this insurance or regarding the policies of this insurance then feel free to comment us down below. You can also give us your reviews upon this insurance companies if you have any experience with the above mentioned insurance companies.
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