What Is the Cost of Burial Insurance?

When you start shopping for a burial life insurance policy, the first thing that comes to mind is "how much is it going to cost?" The cost of burial life insurance depends on several variables such as the your age, the amount of coverage you need, your smoking status, and your health history.

Burial Insurance - Your Options

1. Immediate Benefit: Permanent, whole life insurance with full coverage from day one. This is ideal for those with good health. Up to $50,000 worth of coverage.
   
2. Graded Benefit: Permanent, whole life insurance with a 2 year waiting period. This is for seniors who have health issues such as heart disease, a recent heart attack, or stroke. Up to $25,000 worth of coverage.
   
3. Guaranteed Issue: Permanent, whole life insurance with a 2 to 3 year waiting period. This is for seniors who have major health issues or those who have been declined for coverage. Up to $10,000 worth of coverage.

Burial Insurance Sample Rates

Here are some sample rates for the cost of burial life insurance. Keep in mind that your rate could be higher or lower, depending on your particular situation. To get the most accurate rate, you should get a quote and compare rates directly from the companies.

If you have some major health issues like HIV or AIDS< kidney failure, cancer, or you need an organ transplant or oxygen equipment to breathe, then you will only be able to qualify for a guaranteed issue life insurance policy.