Final Expense Insurance for Seniors
Get access to affordable final expense insurance for Seniors with Cuspide!
Prepare for the future while protecting the ones you love most with Final Expense.
Final Expense Insurance for Seniors
Get access to affordable burial insurance options with Cuspide.
Prepare for the future while protecting the ones you love most with Final Expense.
What is Final Expense insurance?
Final expense insurance is a type of Life insurance policy (Whole Life) that covers funerals, medical bills, and other expenses related to end-of-life costs, making it an ideal choice for seniors. This type of burial policy is usually smaller than the normal Whole Life and ranges from $2,000 to $50,000 in cash benefits. These senior life insurance policies are mostly for those who want to take care of their final expenses and not leave their loved ones with high funeral costs.
Cuspide shares some burial statistics
How Final Expense insurance works
Final expense insurance typically offers coverage in the range of $2,000 to $50,000. Different companies have different ranges. The premiums are generally affordable and remain level, meaning they will never go up. Some burial policies have cash value that grows over time, and you can borrow from them. One of the key benefits of final expense insurance is that it usually has no medical exams, making it easy for individuals who may have pre-existing health conditions. Instead, you just answer a few health-related questions on the application.
Upon the insured’s death, the beneficiaries receive the policy’s benefit, which can then be used to cover funeral and burial costs, medical debts, and other end-of-life costs. Final expense insurance for seniors provides peace of mind to both the policyholder and their family. It makes sure you leave your family without a financial burden during an already difficult time.
Available Age: 45-85 years old
Coverage: $2,000 to $50,000
Premiums: Leveled
Duration: Until insured’s passing or policy cancellation
Why choose Cuspide to help with Final Expenses
Continuous support
You will have our full 24/7 support with whatever you may need. Committed to building long-term relationships.
Competitive pricing
We at Cuspide have partnerships with the top final expense insurance companies in the market. You will always be covered by the best.
Transparency
We take pride in our honesty. No annoying pushy sales tactics like others. Ensuring you understand every part of the process. As clear as water.
Final Expense insurance quotes
Get Florida Life Insurance today! The process is as easy as filling out this contact form. Do not postpone what is important to you, let’s get started today.
My name is Carlos Gonzalez, a licensed agent, and the founder of Cuspide. Usually, you will be speaking with me directly. Contact us today and get started with your final expense insurance policy!
How do you qualify for Final Expense insurance?
To qualify for final expense insurance, you need to be in a certain age range, often from 45 to 85 years old, depending on the company. Qualification usually involves a simplified underwriting process with no medical exams, making it available if you have certain health conditions. Premiums are generally determined by many factors. These types of burial policies are leveled, so the premiums will never go up. Applicants usually need to provide basic personal and health information during the application process. You usually get approved after a few days.
Burial Insurance cost for Seniors
Generally speaking, the older the applicant is, the higher the premiums will be as you pose more of a risk to the insurance company. During the application process health questions will be asked and depending on the answer that will determine the price you pay. As for the coverage amount, the more coverage you get on your final expense insurance policy, the more you will pay. It is best to figure out how much an average funeral costs so you can find out how much coverage you will need.
What does senior life insurance cover?
A typical final expense policy for seniors will cover end of life costs like funerals, cremations, or hospital bills. It is a smaller type of Whole Life policy and will last your entire lifetime. You can choose the death benefit, which ranges from $2,000 to $50,000. It is marketed as “burial insurance” for funeral related costs but the cash benefits from this policy can be used for whatever the policyholder wants. From leaving a little money behind to the family to paying grandkid’s college debts to funeral costs. Best for seniors who want to make sure their families are covered.
Final expense insurance companies
Here at Cuspide we work with the top Senior life insurance companies. It’s important to get your burial policy with an agency like us as we will look through the whole marketplace to find the most affordable price for you. These have all been rated an “A” or higher by AM Best (the largest credit rating agency in the world). Below are some of the best companies we work with:
One of the most famous names in the life insurance industry Mutual of Omaha offers great final expense policies. Doing business and playing claims since 1909 they are a great choice for a burial policy and have competitive prices.
Founded in 1874, Foresters Financial is a great direction to go in if you are looking for burial policies. They are a bit more flexible in the underwriting process and allow for a wider range of applicants to apply no matter the health conditions.
Known for their customization and tailoring to exactly what YOU need, National Life Group is a great choice for your final expenses. Started in 1848, they never miss a payout claim and have affordable prices with many policies to choose from.
This global enterprise has been doing business since 1919 and are one of the top names in the insurance industry. With many affordable final expense insurance policies to choose from, they are an exceptional option.
Specializing in Final Expense insurance for seniors, Fidelity Life is an excellent route to take. Since 1896 they have been at the top of their game with their affordable polices and great coverage.
It’s important to note that everyone is different and there is no universal “best company.” You may be better off with one and your next-door neighbor with another. It all depends on different circumstances.
Frequently asked questions
Cuspide answers the web’s most asked questions regarding final expense insurance for seniors.
It can cost around $9,000 for a funeral in the United States but just $50-$100 a month to insure a burial. The best option to ensure a burial would be to purchase final expense insurance. The price you will pay is determined by your age, health, coverage amount, etc. If you grab this burial policy, you can cover things like funeral costs, medical bills, and more so your family does not have to. Do not postpone what you must do!
Get in touch with us today here at Cuspide and let’s plan for your future. (305) 970–8583
Yes, final expense insurance for seniors is worth considering because the average cost of a funeral in the United States ranges from $7,000 to $12,000 or even more! This will create a financial problem for your family for no reason during an already difficult time. By getting burial insurance, you are making sure that not just the burial costs are covered but most importantly, your family’s wellbeing. Browse the many affordable polices available with us at Cuspide. Contact us at (305) 970-8583
Yes, final expense insurance is a type of whole life insurance. It provides coverage for your entire lifetime, as long as premiums are paid. What you pay monthly will never increase. These burial policies also include a cash value component that grows over time and that you can borrow from. This cash value can be used to cover the costs of your final expenses, such as funeral and burial costs. At Cuspide, we specialize in finding the exact policy you need at an affordable price for you and your family.
The difference is that life insurance is a broad term that has many types of polices and burial insurance is a specific type of policy.
Life insurance is a general term for policies such as term life, whole life, etc. Term life insurance provides coverage for a specific period (term). Whole life insurance covers for the entire lifetime of the insured. Both pay out benefits if the insured passes.
Burial insurance (final expense) on the other hand is a specific type of Whole Life policy designed to cover costs associated with funerals. It has lower death benefits typically from $2,000 to $50,000. It is important to know the difference between the two.
For seniors, final expense insurance is often considered the best type. This is because this policy is typically designed to the needs of seniors as they plan for their end-of-life expenses. It provides affordable coverage, is easy to apply, and makes sure that burial costs are taken care of as well as their families.
Final expense insurance for seniors is good because it does not require a medical exam and makes it a simple process for those with pre-existing health conditions. Also, they are usually more affordable policies with low premiums as they are smaller than a normal whole life policy.
Here at Cuspide we understand how important these final expenses can be for you and your family. We take pride in making the process easy for applicants. If you are ready to take the right step, then contact us today at (305) 970-8583. We look forward to helping you!
Need help getting Final expense insurance for seniors?
Here at Cuspide we make it easy for you to get burial insurance. We know how important these end-of-life costs are for you and your families. We make the process simple while focusing on one goal: affordability. Do not postpone this and contact us today at Cuspide.
