{"id":1176,"date":"2021-03-25T14:58:53","date_gmt":"2021-03-25T14:58:53","guid":{"rendered":"https:\/\/www.stremon.com\/?p=1176"},"modified":"2021-03-25T14:58:53","modified_gmt":"2021-03-25T14:58:53","slug":"top-features-you-need-to-know-when-buying-a-burial-insurance-policy","status":"publish","type":"post","link":"https:\/\/www.stremon.com\/top-features-you-need-to-know-when-buying-a-burial-insurance-policy\/","title":{"rendered":"Top Features You Need to Know When Buying a Burial Insurance Policy"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">When you are young, your life choices are different, most-likely to match your fast-paced lifestyle. But once you turn 50, death and money become the most crucial aspects of your life. Leaving behind a considerable funeral expense is never what you would want for your family.<\/span><\/p><div class=\"vxtux649834e5d7e54\" ><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\n<ins class=\"adsbygoogle\"\n     style=\"display:block; text-align:center;\"\n     data-ad-layout=\"in-article\"\n     data-ad-format=\"fluid\"\n     data-ad-client=\"ca-pub-8209967072221559\"\n     data-ad-slot=\"2673331731\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><\/div><style type=\"text\/css\">\r\n@media screen and (min-width: 1201px) {\r\n.vxtux649834e5d7e54 {\r\ndisplay: block;\r\n}\r\n}\r\n@media screen and (min-width: 993px) and (max-width: 1200px) {\r\n.vxtux649834e5d7e54 {\r\ndisplay: block;\r\n}\r\n}\r\n@media screen and (min-width: 769px) and (max-width: 992px) {\r\n.vxtux649834e5d7e54 {\r\ndisplay: block;\r\n}\r\n}\r\n@media screen and (min-width: 768px) and (max-width: 768px) {\r\n.vxtux649834e5d7e54 {\r\ndisplay: block;\r\n}\r\n}\r\n@media screen and (max-width: 767px) {\r\n.vxtux649834e5d7e54 {\r\ndisplay: block;\r\n}\r\n}\r\n<\/style>\r\n\n<p><span style=\"font-weight: 400;\">A burial insurance policy is a suitable tool to avoid squabbling over finances to pay for the funeral costs well before D Day.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The leading licensed agent Gary P. Cubeta of Insurance for Final Expenses suggests options such as <\/span><a href=\"https:\/\/insuranceforfinalexpense.com\/mutual-of-omaha-final-expence-insurance-review\/\" target=\"_blank\" rel=\"noopener\"><b>Mutual of Omaha Burial insurance<\/b><\/a><span style=\"font-weight: 400;\">. These plans come with the best design that can help seniors cover their financial expenses. Your family, as the beneficiary, will receive the benefits directly, which they can then channelize to pay the funeral bills, medical bills and other financial expenses. Here are the key features you need to consider while buying such a burial insurance policy.<\/span><\/p>\n<p><b>Living Promise Plans<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The final expense policy for seniors comes with Living Promise coverage, either immediately from the first day or after a stipulated waiting period.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Trusted agents recommend burial insurance companies that provide Living Promise coverages such as level death and graded death benefits.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The top firms offer level plan features like nationwide availability except New York, face amount ranging between $2k-$40k, age bracket of 45-85 and no waiting period. And their graded plan features include nationwide availability leaving NY, MT, AR and NC, same age bracket as the former plan and face amount range of $2k to $20k. However, this plan demands two years waiting period for non-accident deaths.<\/span><\/p>\n<p><b>Fast Approvals<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Top advisors suggest highly-rated insurance carriers with an application process that can help you with instant decisions.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">All you need to do is furnish all the details related to prescription history analysis, health questionnaire and information found in the MIB file.<\/span><\/p>\n<p><b>No Medical Exam for Living Promise Plans<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Coverages like the <\/span><b>Mutual of Omaha Burial Insurance<\/b><span style=\"font-weight: 400;\"> come with no exam policies, thus offering you the ability to get insurance for life without a medical test.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Leading consultants recommend burial insurance if you have a pre-existing medical condition that would make getting other insurance types approval difficult. And you will find this policy very handy when you need coverage as soon as possible.<\/span><\/p>\n<p><b>A Burial Insurance Affordable Even After 60<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Renowned burial insurance companies set the age eligibility of 45 to 80 to buy the insurance, ensuring the coverage plans remain affordable even after 60.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For instance, a $10,000 Living Promise with no waiting period will cost you about $43 at 60, while at, say 70, the insurance under the same condition is hardly double the amount.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It makes sense to consult a licensed agent when you wish to apply for coverage; they will help you compare and choose the affordable <\/span><a href=\"https:\/\/www.forbes.com\/advisor\/life-insurance\/burial-insurance\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">plans<\/span><\/a><span style=\"font-weight: 400;\"> best for your age.\u00a0<\/span><\/p>\n<p><b>Forgiving Underwriting<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Typically, insurance companies understand you may develop health issues as you age. And considering this aspect, burial insurance policies accept some medical conditions, such as diabetes at any age with complications of nephropathy or neuropathy.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The companies provide an underwriting guidelines section you need to pass, and if you answer yes to any of their graded questions, you will get approval for the graded benefit.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You can check with an experienced consultant to know the medical conditions that might be uninsurable to choose the right plan yielding maximum coverage.<\/span><\/p>\n<p><b>Guaranteed Issue<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Having an uninsurable medical condition shouldn&#8217;t stop you from looking for your burial insurance options. There are schemes like guaranteed issue policy that do not check your medical history, and your approval is most likely to get approved.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Top insurance companies provide this policy with a two-year waiting period, and factors like age eligibility and coverage amount varying with different states. Licensed agents suggest going for plans that will offer the entire premium paid with a 10% interest to the beneficiaries if you die during the waiting period.<\/span><\/p>\n<p><b>Riders in Living Promise Plan<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The leading insurance firms feature Living Promise products with insurance riders, making their plans more attractive.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Some of them offer options like the Nursing Home Confinement Rider and Terminal Illness Rider. These are part of the burial insurance policy, involving no extra charges.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You can check with the agents whether you can avail rider for accidental death and double the payoff in the case of your death in an accident.<\/span><\/p>\n<p><b>Final Thoughts<\/b><\/p>\n<p><span style=\"font-weight: 400;\">After losing you, your entire family would wish to celebrate your life and be there for each other through the grieving process. And that&#8217;s where a burial insurance policy comes to the rescue, as life security, taking care of all your final expenses and burial costs.<\/span><\/p><div class=\"lfrno649834e5d7e9e\" ><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\n<ins class=\"adsbygoogle\"\n     style=\"display:block; text-align:center;\"\n     data-ad-layout=\"in-article\"\n     data-ad-format=\"fluid\"\n     data-ad-client=\"ca-pub-8209967072221559\"\n     data-ad-slot=\"2673331731\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><\/div><style type=\"text\/css\">\r\n@media screen and (min-width: 1201px) {\r\n.lfrno649834e5d7e9e {\r\ndisplay: block;\r\n}\r\n}\r\n@media screen and (min-width: 993px) and (max-width: 1200px) {\r\n.lfrno649834e5d7e9e {\r\ndisplay: block;\r\n}\r\n}\r\n@media screen and (min-width: 769px) and (max-width: 992px) {\r\n.lfrno649834e5d7e9e {\r\ndisplay: block;\r\n}\r\n}\r\n@media screen and (min-width: 768px) and (max-width: 768px) {\r\n.lfrno649834e5d7e9e {\r\ndisplay: block;\r\n}\r\n}\r\n@media screen and (max-width: 767px) {\r\n.lfrno649834e5d7e9e {\r\ndisplay: block;\r\n}\r\n}\r\n<\/style>\r\n\n<p><span style=\"font-weight: 400;\">Consult an experienced burial insurance agent to choose a trusted firm that offers the best plans. Rest assured, your legacy and reputation in society will remain high, even after your demise.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>When you are young, your life choices are different, most-likely to match your fast-paced lifestyle. But once you turn 50,&#8230;<\/p>\n","protected":false},"author":5,"featured_media":1177,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"https:\/\/www.stremon.com\/wp-json\/wp\/v2\/posts\/1176"}],"collection":[{"href":"https:\/\/www.stremon.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.stremon.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.stremon.com\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.stremon.com\/wp-json\/wp\/v2\/comments?post=1176"}],"version-history":[{"count":1,"href":"https:\/\/www.stremon.com\/wp-json\/wp\/v2\/posts\/1176\/revisions"}],"predecessor-version":[{"id":1178,"href":"https:\/\/www.stremon.com\/wp-json\/wp\/v2\/posts\/1176\/revisions\/1178"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.stremon.com\/wp-json\/wp\/v2\/media\/1177"}],"wp:attachment":[{"href":"https:\/\/www.stremon.com\/wp-json\/wp\/v2\/media?parent=1176"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.stremon.com\/wp-json\/wp\/v2\/categories?post=1176"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.stremon.com\/wp-json\/wp\/v2\/tags?post=1176"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}