Burial insurance, a cost-effective type of life insurance, is highly favored among senior citizens. It is particularly beneficial for those with limited finances who require some form of life coverage. This type of insurance provides various advantages that may make it a preferable option over standard life insurance.

No Medical Examination

Applicants for burial insurance typically do not need to undergo a medical exam before securing coverage.Health-related information is usually discussed over the phone. While some stricter policies may not cover individuals with minor to moderate health issues, this does not usually hinder eligibility for burial insurance.

Affordable Coverage for Tight Budgets

Burial insurance offers coverage in different amounts based on the applicant’s current situation. Unlike traditional life insurance which can cover up to $1,000,000 or more for the insured’s entire life, burial insurance provides coverage up to $50,000. It is specifically designed to cover basic funeral costs with some additional funds. As it does not provide extensive coverage, burial insurance is more affordable for those unable to afford pricier life insurance.

No Waiting Period

Although some burial insurance companies may impose a waiting period before granting coverage, there are exceptions. Certain companies offer immediate coverage upon death, even if it occurs shortly after policy initiation. This type of policy simplifies funeral arrangements and related tasks for the deceased’s family.

Perfect Health Not Required

Unlike more stringent life insurance policies that mandate a certain level of health and fitness, burial insurance does not have this prerequisite. Applicants do not need to undergo a medical examination or be in excellent health to qualify for coverage.
Given the variety of burial insurance companies available, it is essential to choose one that aligns with your specific needs. If you anticipate needing coverage soon, opt for a company that provides immediate payouts. Utilize our convenient Online Form to allow Security Life Quote to assist you in finding the most suitable insurance provider for your individual circumstances.