14 Things You Need to Know About Life Insurance for Burial and Final Expenses
Are you now being told:
- You can no longer qualify or the rates are too expensive.
- Or, the policy won’t pay if you die in the first 2 years.
Quick Article Guide
Here’s what we'll cover in this post:
- 1. What Is a Final Expense Life Insurance Policy Used For?
- 2. How Much Life Insurance Can You Buy for Final Expenses?
- 3. What to Look for in a Final Expense Policy
- 4. How Are Rates and Eligibility Determined?
- 5. Types of Policies Available and Age Limit
- 6. Options for Less Than $100,000 of Coverage
- 7. Options for $100,000 of Coverage or More
- 8. Term Life Insurance Can Work, Too
- 9. What If You Have Health Issues?
- 10. Mind the Fine Print
- 11. What About AARP?
- 12. Self-Insured vs. Buying Insurance
- 13. Determining the Amount of Coverage You Need for Final Expenses
- 14. We’re Here to Help
1. What Is a Final Expense Life Insurance Policy Used For?
Life insurance is commonly purchased to cover the cost of a funeral or to pay any remaining final expenses at a fraction of their actual cost. Most of the clients we work with want to make sure they have some level of coverage when they pass away to make sure they do not leave any debt or bills behind for their loved ones.
These bills are commonly referred to as “final expenses” and can consist of medical bills, outstanding auto loans, mortgage debt, credit card bills, or burial expenses.
2. How Much Life Insurance Can You Buy for Final Expenses?
To cover final expenses, there are numerous types of policies available. Final expense policies are usually less than $100,000 of coverage (typically $10,000-$50,000) and do not require a medical exam.
3. What to Look for in a Final Expense Policy
When shopping for a final expense policy, you want to pay attention to the fine print and the price. The price is important because a final expense policy should be the last policy you ever have to buy. You want to make sure that the price fits your budget so you never have to worry about missing a payment and losing the policy.
Final expense policies are not one size fits all, so be sure to work with an agent who can offer you quotes from multiple companies rather than just one or two. With all the options available, how will you know which policy is the best one you can qualify for if you don’t shop the market?
4. How Are Rates and Eligibility Determined?
Life insurance rates are determined by age, health, and lifestyle. Unless you have a dangerous job, participate in hazardous sports, or travel to dangerous places, your rates are determined by your age and your health. These two factors will typically determine the type of coverage you can qualify for.
5. Types of Policies Available and Age Limit
Up until age 80, there are many options for final expense life insurance, especially if you are in good health. We offer whole life insurance, guaranteed universal life insurance, and term life insurance. These policies pay out immediately and do not have a 2-year waiting period like some other policies.
Most insurance companies will not insure anyone over the age of 85. This is due to the fact that the average lifetime expectancy of an American male is 77, and the life expectancy for a female is 82. Because of this, the insurance companies do not want to take on this risk for anyone over 85, regardless of their health.
As we get older, the rates for insurance climb not only with age, but also in most cases with declining health. In addition, the amount of options available to us for life insurance decreases. Being self-insured is often a better option for someone over the age of 85 due to the cost of premiums.
6. Options for Less Than $100,000 of Coverage
Whole life insurance is an excellent choice if you are under the age of 80, need less than $100,000 of coverage, and are in good health. These policies do not require a medical exam and allow you to lock in a level rate for the rest of your lifetime so that the policy does not increase in price.
7. Options for $100,000 of Coverage or More
If you need more than $100,000 of coverage and don’t mind taking a medical exam, we also offer guaranteed universal life policies that are very similar to whole life insurance. These policies are less expensive than whole life, are offered at $50,000 of coverage or more, and they allow you to guarantee your policy and the rates until the age of 90, 95, 100, or even 121.
8. Term Life Insurance Can Work, Too
Term life may be another option depending on your needs. These polices offer a level guaranteed rate for 10 years or longer, and start at $50,000 of coverage.
We usually recommend term life insurance for someone who has an outstanding mortgage, because these policies are the most affordable option available for larger amounts of coverage, and they can be easily converted to a smaller universal life policy for burial expenses.
9. What If You Have Health Issues?
When someone has health concerns and they are shopping for a final expense policy, it can be more challenging to find an affordable option. The good news is that with 63 companies to chose from, we can almost always find a policy for you.
We offer companies that guarantee to accept you for coverage and offer you a policy regardless of your health. These polices are known as guaranteed issue or graded benefit policies, and are available to those who are not confined to a nursing home, incarcerated, or in an assisted living facility.
Guaranteed issue policies are usually the only option available to someone over the age of 80. If you’re not sure what you can qualify for, feel free to call us at any time for a custom quote.
A guaranteed issue policy will accept almost everyone who applies, but to protect the insurance company from risk, these polices do not offer a full payout if the insured person dies within the first 2 years of the policy. Instead, the premiums paid plus interest are reimbursed to the insured’s family.
With a graded benefit policy, the beneficiary is paid a percentage of the policy benefit if the insured passes away during the first 2 years of the policy. A graded benefit or guaranteed benefit policy is designed for anyone with a serious health issue who would otherwise not qualify for life insurance.
These policies can be a bit more expensive, but they are guaranteed to accept the applicant and the rates do not increase over time. You may also want to consider self-insurance.
10. Mind the Fine Print
We always advise our clients to be wary of a policy that seems too good to be true. The phone calls we receive most often are from those who purchased a policy with “just 3 questions” to answer.
Every time a client asks me about these policies, I cringe. I often hear horror stories about how an insurer found reasons not to pay a claim due to undisclosed medical conditions. These policies are frequently offered through the mail or through an organization and ask questions like:
In the past 2 years, have you had treatment or medication for or been diagnosed by a doctor as having heart trouble, stroke, cancer, lung disease or disorder, diabetes, liver or kidney disease, AIDS, AIDS Related Complex, or immune system disorder?
These types of questions are phrased by very skilled lawyers. If an insurance company offers you coverage with only 3 questions, there are 3 questions you need to ask in response:In the past 2 years, for any condition, have you been admitted to or confined in a hospital, sanitarium, nursing home, extended care or special treatment facility?
In the past 3 months, have you consulted a doctor or had treatment, medication or diagnostic tests of any type? (Note: You are not required to report negative AIDS or HIV tests).
"Will my price increase?"
“Will my policy expire?”
"What exclusions will prevent this policy from paying?"
11. What About AARP?
Oftentimes, the people who purchase policies from companies like AARP are never informed of the fine print. AARP is not an insurance company. They are selling another company’s insurance, and they do not do this for free.
With these policies, the rates go up every 5 years, causing most clients to lose their coverage after 5 or 10 years due to affordability. In addition, the policy expires at the age of 80, and coverage ends.
At the age of 80, it is very difficult and expensive to buy insurance. We do have options for someone 80 or older, but if you can qualify for a policy that will protect you past the age of 80 when you are younger, you should buy it.
With any type of whole life, graded benefit, or guaranteed issue policy, the younger you buy insurance and the longer you lock in the rates, the more you will save. Don’t take my word for it, though, here is a link to Consumer Affairs complaints about AARP policies.
The whole life, guaranteed issue, and graded benefit polices we offer are guaranteed to stay the same price for the rest of your life, and they do not expire at the age of 80.
12. Self-Insured vs. Buying Insurance
Self-insurance is the concept of saving money to insure oneself. Self-insurance can be ideal for someone who is otherwise uninsurable or for someone who would only qualify for very expensive rates due to age, health factors, or smoking.
Self-insurance involves saving the amount of money you would spend on insurance premiums each month and letting it accumulate in an interest earning account.
We recommend self-insurance for anyone over the age of 85 who expects to live longer than 8 years. The reason behind this is that at the age of 85, a life insurance policy will pay for itself within roughly 8 years. If you fall into the healthy 85-year-old category and need insurance, you are better off saving your money. Read more about self-insurance here.
13. Determining the Amount of Coverage You Need for Final Expenses
The amount of coverage you need for a final expense policy can vary significantly depending on your needs. According to Parting.com, the average funeral as of 2022 runs between $8,000 and $10,000, not including any additional items such as flowers.
This number continues to increase each year, and for this reason, we recommend no less than $12,000-$15,000 of coverage for burial costs. In addition to the cost of burial, we also recommend adding any additional debts you may have.
For example, let’s say you owe $5,000 on your auto loan and $3,000 in credit card bills. In this situation, you will want no less than $20,000 of life insurance. ($12,000 for burial + $5,000 for the auto loan + $3,000 for your credit card bills). Keep in mind that this number does not include any medical expenses that may arise. If you think you need more than $50,000 of coverage, you will want to consider term or guaranteed universal life insurance.
14. We’re Here to Help
Still have questions? Please call us! We are experts in life insurance and we will work with you to make sure we find you the best policy you can qualify for. We can help you determine the amount of coverage you need, and our service is completely free.
Our independent agency works directly with over 50 companies, and we are licensed throughout the US. Call us toll-free at 855-247-9555, or click the button below to get a free quote online.
Clifford Pendell
Managing Partner and Co-founder
Cliff is a licensed life insurance agent and one of the owners of JRC Insurance Group. He has helped thousands of families of businesses with their life insurance needs since 2012 and specializes with applicants who are less than perfect health. In his spare time he enjoys spending time with family, traveling, and the great outdoors.
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Questions From Our Visitors
Some of the questions we received from our website visitors:
I would like a quote for my partner. He is 58 and is diabetic. Had a stroke in 2012 but recovered fully. Non smoker. Would like quote on burial policy for $50,000, 10 year . Please email quotes, Thanks
Hey Crystal, We'll email you. Thank you.
I have a need for burial insurance for a 90 year old male, have some health issues, please let me know how much insurance he can get. Thank you, Karen
Age 90 with health issues would not be possible. You might try Globe. Sorry.
Good afternoon, I was told that I need to get some insurance for my mother? Now I see where you say not exam is there true for those you have lot of health problems. I need to know what to do I need to get it done! My mother just had a birthday is they a way to get her some who do I talk too? looking hard and need to know what to do like now! Thank you for your help and concern!
Crystal, if you haven't spoken to one of our agents already, I'll try to help. Most policies have to be purchased by age 80; 85 in some states, so hopefully you still have time. By law, an insurance agent would need to speak to your mother for her to approve your buying life insurance for her. If she'll OK it, and not suffering from alzheimers/dementia, she can authorize you to be the beneficiary and "payor". Payments for these policies is generally through "auto pay" (EFT) from a checking account. We favor burial/final expense policies through Gerber Life as the cost is fixed for life. As with all "Guaranteed Issue" policies, there's a 2-year waiting period, however, if your mother were to pass in this timeframe, there's no financial loss. Gerber returns all funds plus 15%. We feel this is very fair. We can set these policies up by phone and help get the waiting period clock started. We can be reached at (855) 247-9555. Take care.
I was just looking for a quote and seeing that you cannot do it online please do not be calling me. Thank You
Hello, Brenda, You have a choice...you can run quotes independently if you're looking for quick ballpark quote, or speak to one of our agents licensed in your state if you'd like accurate quotes. https://www.jrcinsurancegroup.com/free-quote/ Most people (even many insurance agents!) doing self quotes don't know what risk class they would fall in, as it varies by insurance carrier. That's why we work with over 40 companies. If there's a current or past health issue, medications, age, tobacco, etc., we'd be happy to spend a few minutes to do the pre-qualification underwriting to ensure you get the best prices available, and whether you might qualify for to apply with a company not requiring a medical exam. If you're just looking for burial policy of $5,000-$25,000 you can bypass the medical questions. We're not "pushy insurance salesmen". There's no cost or obligation...we're licensed to provide this free consumer service. Thanks again for visiting our site.
I currently have $50,000 term like insurance. I am a healthy 61 year old divorced woman with one adult daughter. I planned on having this policy available to cover a burial plot and funeral expenses. Is that the best plan?
Hello, Lorie, We're always happy to help a single parent wishing to provide funds for their children when they pass. It's your final gift...and it's tax-free! I'm not sure what you mean by "term like insurance". Term insurance is purchased for a period of time...generally 10, 15 or 20 year increments. At the end of the term, the premiums (cost of insurance) jump significantly. To leave money behind at death, we generally recommend a whole life or Guranteed Universal Life (GUL) policy. If you're healthy, the "GUL" should be your lowest cost option. It offers the benefits of term insurance...low cost, high death benefit. How it differs, is you choose a specific age for the policy cost guarantee, rather than a period of years. For a healthy 61 year old, Protective has a good affordable plan. After passing a quick in-home health screening (paid for by Protective), a $50,000 death benefit: Rates guaranteed to age 90 = $63.67/monthly Rates guaranteed to age 90 = $72.85/monthly Rates guaranteed to age 90 = $82.44/monthly If you're unsure what your currently policy is (or does) give us a call when you have it in hand. We'll help you determine what your cost will do in the future and if it's worth replacing with a policy where the cost is fixed and stable. You can reach us weekdays from 8am-5pm Pacific Time at (855) 247-9555
my mom is 63 years old a has been in a wheelchair since 1981 , my brother helped her but now he has moved to another state so me and my son helps her . she has no insurance can I get final expense insurance with out her knowing and freaking out on my again when I ask her if she has any plan to get it
Hello, Kim, Hello, Dawn. Thank you for your question about securing life insurance for your mother. With her health history, your will need to purchase a “Guaranteed Issue” (no health questions asked) policy for her. These policies have a 2-year waiting period before death due to medical condition is covered. With your description, we recommend getting the clock started for her asap. This also locks in her rate for life as a 63 yr old. We contracted and sell Gerber "guaranteed issue" policies. We favor them for a few reasons. If a policyholder dies in the first two years, they return all money paid in, plus 10%. Very generous. Their rates and coverage are locked in for life, whereas some companies, including AARP price in 5 year blocks and coverage ends at age 80. For a female your mother's age, Gerber’s monthly premium will cost you around $25 per $5,000 in death benefit. $51.79 monthly for $10,000 death benefit $77.23 monthly for $15,000 death benefit $102.67 monthly for $20,000 death benefit Keep in mind, life insurance death benefits are not taxed. A $10,000 death benefit would pay you the full $10,000. It’s important to not miss payment for these plans…if a policy “lapses”, it’s rarely reinstated. Life insurance is regulated for each individual state. Give us a call and we can verify by phone that your mother would qualify. Our phone number is (855) 247-9555. You can take care of most of the arrangements for her. Regulations require she answer just a few questions by phone, including authorizing you be her policy "payor" and beneficiary, and that she wishes to have life insurance.
My fiance is 53 diabetic insulin, dialysis patient, smoker, and lives home, not sure of his live span left, maybe a year or 2or3, but I need some type of final expense or life insurance for him for I would like to have the proper funeral-burial, for him but there isn't much finance, him SSDI, and I work and support our 3 kids, so what would be the best choice for me, being able to afford something that would pay for this and maybe some left to get (US) his family by, without breaking the bank.
Hello, Dawn. Thank you for your question. With your fiancé's history, he will need to purchase a "Guaranteed Issue" (no health questions asked) policy. These policies have a 2-year waiting period before death due to medical condition is covered. With your description, you want to get the clock started asap. We contracted with Gerber for a few reasons. If a policyholder dies in the first two years, they return all money paid in, plus 10%. Very generous. Their rates and coverage are locked in for life, whereas some companies, including AARP price in 5 year blocks and coverage ends at age 80. From your description of your fiancée's, that likely won't be an issue. AARP (underwritten by New York Life) should price a bit lower than Gerber, since AARP's plan increases rates every 5 years. Check comments on line for AARP...some report delays in receiving death claims. For a male your fiancée's age, Gerber's rates run around $20 per $5,000 in death benefit. $40.88 monthly for $10,000 death benefit $60.87 monthly for $15,000 death benefit $80.85 monthly for $20,000 death benefit Keep in mind, life insurance death benefits are not taxed. A $10,000 death benefit would pay you the full $10,000. It's important to not miss payment for these plans...if a policy "lapses", it's rarely reinstated. Call us if we can be of help. (855) 247-9555
I am looking for burial insurance for a 45 year old male who has cancer. I am in need of a quote please....thanks in advance
Thanks for contacting us, Chelsea. You didn't provide any details, so I'll need to make some assumptions. In most states, the minimum age is 50 for a "no questions asked" guaranteed issued life insurance burial policy. If your brother has terminal cancer, I unfortunately wouldn't have a company to recommend. As you would expect, the cost of providing someone $10,000 who is terminal, would be nearly $10,000, so if this is the case, it's best to set money aside which you control. Hopefully this isn't the case. Depending upon the type of cancer, severity, and whether a person overcomes it, you can become insurable again. This was the case with my brother's prostate cancer history. His was stage 3. After a 5 year waiting period past treatment, he's now insurable with some companies. If you're healthy and have no life insurance, we highly recommend locking yours up while you can. We work with some insurance companies which overlook family cancer history.
My father is 87 . When his wife died in 2010 his funeral and burial was supposed to be paid by her life insurance. And we have thought this for yrs. He is very healthy still drives. And is a preacher. He lived in Ga and he decided he wanted to live in ky close to me and my sister. Well we found out instead of putting the money on his burial. We just found out they kept. It. So now he has no burial insurance is there any kind of insurance you can get for someone 87? My sister and I could not afford to bury hi.. whenever his time comes, they also tricked him out of his home and land. He has nothing.
Ms. Osbourne, sorry to hear about your situation. After age 85, life insurance is nearly impossible to come by...and if you can, you're really just buying pre-paid funeral arrangements. In other words, a $10,000 "life insurance" policy would cost you around $10,000. At this point, it's best to find out what burial arrangements will cost and put money aside. If your father has no assets, we recommend having the discussion with your siblings now. Hopefully you have your life insurance purchased or are self insured to avoid leaving the same burden to your children.
Looking for $10,000 burial coverage that the premiums stay the same and that last until I pass. Would be nice if the policy would build interest over time. I would like it if I'm approved without medical or health questions. But looking for something that either way it would be approved. I'm a 56 year old female. Please email me and let me know if possible and how much. Thank you.
Hello, Shirley, Thank you for visiting JRC's website. We favor Gerber's life insurance for a $10,000 "final expense" policy with no medical exam/questions. Rates can vary by your state of residence, but at your current age, you should be looking at about $30 a month....roughly a dollar a day. These policies don't accrue interest, but are 100% tax free to you beneficiary. Give us a call at (855) 247-9555. We'll answer your questions and you'll have your life insurance secured in 15-20 minutes. We look forward to helping you.
I want buriel insurance
Hello, Cassandra, Thanks for visiting JRC's website articles. Burial polices of $5000 to $25,000 require no medical exam or questions, and we can help you secure your life insurance by phone in 15 minutes or so. Call us at (855) 247-9555 . We look forward to helping you.
Okay I am 56 years old I had a pacemaker put in 2012 the month of May I hear it is over 3 years later actually I'm doing pretty good I'm on blood pressure medication blood pressure is doing good I am NOT a diabetic nor do I smoke or drink I'm just looking into getting final expenses insurance something around 10 - 12000 I'm not looking to make someone rich just would like to know having enough insurance to put me away
Hello, Rick, We generally recommend Gerber's final expense policy if you're only seeking $10,000 death benefit. There policies have the fewest moving parts....the cost and death benefit is fixed for life, and like all life insurance, is paid 100% tax free to your beneficiary. There is a 2-year waiting period since there are no health questions asked...you only have to be healthy enough to request it by phone, sign the policy and not reside in assisted care. If you were to die in the first 2 years of a medical condition, all premiums are returned, plus around 15%. Very fair, in our estimation. Premiums can vary by your state of residence. Give us a call at (855) 247-9555 and we'll review your options, and be happy to help you get this off your "to do" list! All the best.
I am looking to get a life insurance policy for my aunt she is 77 years old looking for $90,000 no medical exam no two year waiting period
Eric, We do work with some insurance companies which may offer the amount of life insurance company your aunt is seeking, however, most "no medical exam" policies top out at $50,000. We'd need to speak to her to determine what she's eligible for. If her health is reasonably good, she may choose to complete the free in-home exam as it will typically get her a better price and eliminate any waiting period. No life insurer is offering $90,000 with no waiting period/no questions asked. Would not be a viable business model.
I have a 73 year old tenant who I look after. He has no real family, just a troubled son who he rarely sees. He speaks broken Spanish and no English. He did have cancer about two years ago and from what I can understand from him, he is now healthy. He is a smoker also. Overall he appears to be relatively healthy. Would I be able to purchase about $25,000- $50,000 insurance on him listing me, a non-relative, as the beneficiary?
Hi, Jeff, Your tenant would need to initiate applying for life insurance. He'll need to speak to an agent in his native language to ensure he understands what he's requesting and verifying that you would be coordinating his burial/final expenses. He'd likely be limited to $5,000 to $10,000 for that purpose.
Hello ! Are there any options for an 80 year old male, with health issues living in a nursing home in NJ ?
Hello, Gail, There are some companies which will still consider life insurance for a 80 year old healthy male, but once you're confined to a nursing home, the risk is beyond what life insurance companies will take on. It wouldn't make financial sense. You'd also be up against a minimum 2- year waiting period. Therefore, you're better off "self insuring". Rather than chasing around for a policy which doesn't exist, be putting money aside each month you would have spent on life insurance in a specific account just for his final expenses. Do you have your life insurance secured? The cost is a function of age and health. We're always best locking it in before we need it so this burden isn't left to our children. Give us a call and we'll provide a pre-qualified quote over the phone. Thanks for your question. We regularly hear from people in similar situation. We often wonder why people wait so long in life to face the cost of something which we can't avoid.
My grandmother is 83 with diabetes and she smokes. Is there a life insurance policy she would qualify for and is there policies that dont have the two year waiting period?
Kimberly, Your grandmother must be a tough lady! We haven't run across too many smoking diabetics who've made it past 80, which is the cut-off for the life insurance she would have qualified for...and yes, it would have had a 2-year waiting period. Without it, people would only buy life insurance just before they died, which isn't a good business model for any insurer. At this point, you should "self insure". Put whatever you can afford into a bank account specifically for your grandmother's burial. Hopefully you can get family members to agree to contribute equal amounts. It's at least good you're dealing with the inevitable now than after your grandmother's death. Have your parent's secured THEIR life insurance? If not, have them call us so you don't end up in a similar predicament. People find affordable life insurance only by securing it well before they need it.
I am 74 yrs old. in fair health. I need 10K of life insurance for myself. My wife is 68 yrs in good health and also needs 10K. Please give me some ideal what a 10 year term and 15 year term policy would cost for each of us. thanks
Mr. Strickland, There are no 10-year $10,000 term life insurance policies we're aware of. Smallest are $50,000. Or, you could buy a $10,000 whole life policy and cancel it if/when you don't need it. Give us a call at (855) 247-955 and we'll verify what you and your wife are eligible and compare rates applicable for your state of residence. No cost or obligation for our assistance...we're glad to help. It appears you're a Marine. I'm proud to say we have two in my family. Thank you for your service!
I am 49 years old with health issues (non life-threatening). Should I just save my money?
Hello Stephanye, thank you for your comment. It really depends on the health issue. Give us a call please at 855-247-9555.
I am looking for some quotes regarding final expense/burial insurance. A small policy, maybe $5000 - $10,000. I am a 64 year old male; diagnosed with prostate cancer; smoker. No other illness or disease. I reside in California. Colonial Penn quotes $9.95/unit - premium = 7% returned to beneficiary if death within 2 years. NY Life quotes $33.35 month for $5,000 policy; premium =25% returned if death before 2 years. Globe quotes $15.87/month for $5,000 policy, BUT, does not mention payback if death prior to 2 years - this omission coupled with very low cost causes me to wonder about the company and policy. I would like to purchase a policy aroud the first week of January, 2016. Thank you.
Hello, Russ Thank you for your inquiry. You're correct, the "final expense" policies are confusing, and you're wise for not only looking at the cost, but comparing what happens during the waiting period before "death for any reason" is covered. Over the years, our clients have told us they want a policy with a minimum of moving parts....they want a fixed rated for life with a fair return if the policyholder dies within the waiting period. For that reason, we've chosen Gerber's final expense policy. They are available in just about every state, including California. At age 64, the monthly cost for a male is $33.23 monthly for a $5000 tax-free death benefit. $46.15 monthly for $10,000 tax-free death benefit. No waiting period for death due to an accident. If the policy holder dies of other causes within the first two years, Gerber returns all premiums paid in PLUS 10%. The only way you can really lose money is if you cancel or stop paying premiums. For that reason, most of our clients set up auto deductions from a checking account to ensure those things don't happen. Many of the companies you've mentioned spend a lot on marketing, have low teaser rates to get people in the door, and/or increase their premiums at 5 year increments. You'd have an increase at age 65. Have a great holiday season. Give us a call in January if you'd like help securing a Gerber policy. (855) 247-9555.
Can I get burial insurance for my father that is 73 and has lung cancer.
Kimberly, thank you for your inquiry. For a situation like your father's, a policy through AARP/New York Life or Colonial Penn would probably be appropriate. Coverage is up to age 80, making them lower in cost than the Gerber policies to age 100 most of our clients purchase. Rates generally increase at age 75. Most policies carry a 2-year waiting period, however, many return premiums paid in plus a small amount of interest if death occurs within this period. If your mother is healthier and has no life insurance, we recommend securing for her now, when there's the best chance of outliving any waiting period and she'll qualify for best possible rates, since premiums are based on the age you begin.
I have an aunt who is 83 years old & I'm wondering if she would be eligible for a final expense policy.
Hello, Denise, thank you for your inquiry. Most final expense policies must be purchased by age 80, however, Mutual of Omaha's "Living Promise" life insurance accepts applicants to age 85. They aren't sold in all states, and applicants must be in "Standard" (average) health or better. We'd need to speak to your aunt to determine her eligibility. If you believe she's a candidate, have her call us at (855) 247-9555. She can authorize you or another family member to be payor, beneficiary, etc.
I'm interested in your whole life guaranteed issue and graded policies. I'm 67 & my current policy will not cover me past 80 yrs old. What can I get that will carry me for life? I am in good health...non-smoker.
Ms. Browning, thank you for your email. We're guessing you have an AARP/New York Life policy. They're commonly purchased due to advertising and a lower than average cost, however, many people are later determine it's not going to fit their needs if they might outlive the policy. We favor Gerber's whole life product. The rates never change, so there are no games or gimmicks. Fixed cost for your age/gender is about $30 per month per $5000 of tax-free death benefit...$10,000 death benefit around $60 per month, $15,000 around $90 per month, etc. We recommend purchasing before your next birthday to lock in your lowest rate possible and start the clock on the standard 2-year wait period. If you were to die in that period, Gerber refunds all money paid in + 10%, which we feel is very fair. Important to not overextend the budget, buying what will always be affordable. We also work with other insurers which have affordable no exam life insurance. Sometimes $50,000 to age 95 can sometimes be competitive with smaller whole life policies. Give us a call at (855) 247-9555 and we'll be glad to review your options!
I have a 82 y ears old and i need to see about burial insurance or life insurance he is a diabetic but has no policy can you get me some rates that are affordable for him thank you
Ms. Goodwin, Life insurance options vary by state of residence, but for the most part, life insurance options pretty much end for men at age 80 since it's already beyond average mortality age. We've had a few clients qualify for term or whole life, but without diabetes or other serious health issues. As you can imagine, if you're just starting to pay for new life insurance after age 75, an insurer is going to charge a lot for the policy, and for burial policies, there will almost always be a 2-year waiting period. A 79 year old male pays around $250 a month for a new $10,000 policy. Most families in your situation "self insure" by putting money aside into a specific bank account or pre-paying burial through a mortician of their choice.
My husband has scirrosis of the liver and we have not been able to find an insurance company that will allow us a policy that will cover burial plus any bills ex. Mortgage and or car loan in case of his death, can you help with this?
Victoria, I couldn't tell if our previous response reached you, so replying again. If your husband is at least 50, he should be able to qualify for a "guaranteed issue" policy without health questions. These policies vary a bit by your state of residence, but are typically available with a tax-free death benefit of $5000 miniumum up to $25,000 maximum. There is a 2-year waiting period to receive the full death benefit, and cost is determined by age when applying, so we highly recommend buying a policy asap to get the clock running. Buy what you can afford. The only way you lose money is if you cancel the policy. We can help by reviewing your husband's options of 40 top insurers by phone, and helping you complete an application with the company you choose. We can be reached Mon-Fri at (855) 247-9555.
Hello, Just wondering about a guarded or burial policy for my brother, he is 34 and was diagnosed with pulmonary hypertension, a terminal disease. Very rare and life expectancy of 5 years but still unknown for his type which is idiopathic.
Monica, I'm sorry to learn of your brother's illness. At age 34, he's too young to qualify for "guaranteed issue" (no questions asked) life insurance, as the minimum application age is generally 50. As you can imagine, at a high risk of death would come very high premiums even if he could qualify. It's advised to "self insure" putting aside money now in a specific account to help with burial expenses so you can grieve without thinking about the cost.
I am looking for final expenses insurance for a 47 year old male with stage four cancer. He had been insured through his workplace, but he soon will no longer have that, and I want to be certain that his burial is covered, as I am going to be on an extremely limited income. What policy of 50-100k would you recommend?
Diane, Thank you for your question. Your friend/husband is in a tough situation. He's going to have a very difficult time re-qualifying for new life insurance due to being such a high risk. Even "guaranteed acceptance" coverage typically has a minimum application age of 50, a 2-year waiting period, and maximum death benefit in the $25,000 range. If you haven't already done so, check every option for continuing that employer provided life insurance for the existing or smaller death benefit. It's likely you're only hope. Some coverage allows "COBRA" type options, where you can continue the group policy for a period of time after leaving the employer, or converting it to individual coverage. Obviously you want an option which doesn't requires an exam or health questions. Best of luck.
Hello I am wanting to purchase insurance for y sister who have significant health issues.. she is 43 yrs old. The insurance would need to cover her burial expenses including things like flowers, cassette, family car, etc.. can you Please help me as far as what's the best option to take.. if it helps any , she would need some type of final expense insurance.. thank you!
Lowanda, By describing your sister as having "significant health issues", we're assuming she's receiving permanent medical disability income (SSDI). If this is the case, we aren't aware of any life insurance companies offering coverage at her young age. Generally the minimum age is 50 to qualify for "guaranteed issue" or "guaranteed approval" life insurance, the type needed when disabled and unable to pass standard life insurance medical questions. In your situation, most people "self insure", putting money into a specific savings account to help pay for burial and other final expenses. The rule of thumb for any insurance, including life insurance, is to buy it before you need it. The earlier you do, the lower the cost you can lock in, and won't ever be in a situation where you're uninsurable. Call us if we can help you purchase life insurance for yourself. We shop over 40 companies to ensure our customers aren't overpaying for their coverage. The resulting savings can help pay for your sister's "self insurance" account. JRC's toll-free number is (855) 247-9555.
I'm looking for whole life or term till the age of 100 and covers right away I have whole life now but want something for my grandkids I'm on a fixed income and I'm 62 what do you suggest
Hello, Beverly, Thank you for your question. We'll be glad to review your best pricing life insurance to leave a gift to your grandchildren. JRC is licensed with over 40 life insurance providers, and will be glad to review your options for both whole life and "Guaranteed Universal Life" insurance, which works like term life insurance but to a specific age, such as 100, rather than for a "term", which is a specific number of years. Call us at (855) 247-9555 and one of our helpful agents licensed in your state will answer your questions and review life insurance which won't change in cost over time. Being on a fixed income, be sure to think about what's affordable not only today, but in the future.
I am 45 looking for insurance... overweight but no health issues at all... been loosing weight for 2 years now. I am 5'1" and weight 266, would I qualify for insurance.
Hi, Melissa, Thanks for your question and visiting JRC's site. I'm glad you found us. It sounds like you have a little girl, Sabrina, you wish to protect. I have two daughters of my own, and would also do anything to make sure their future is secure. JRC works with 45 top life insurance companies, including those with the most lenient height/weight requirements (they call them "build charts") in the industry. They'll also allow you to reapply for a lower rate once you've reached your target weight an maintained it for 12 months. Life insurance availability varies a bit by state of residence. Prudential and Protective are best for "build" in most states. You'd be initially looking at around $70 a month for $100,000 death benefit of fully underwritten (fewest exclusions) life insurance. This is the type of life insurance most people have to protect their kids until they're grown and self sufficient. The cost is fixed for the 10, 15 or 20 year "term" you choose. There's no cost to apply, and could be cancelled with no obligation or penalties. Give us a call and we'll verify rates and eligibility for you, and get you pre-qualified over the phone if it's something you'd like to pursue. If you've applied for life insurance and been turned down previously, it's particularly important we do so. We can be reached 8am-5pm Pacific at (855) 247-9555.
Needing to get coverage for my father who is 79 ... 80 next mth ... He's pretty healthy ... With a few lil Heath things ... God for bid it ... However need something to cover final cost and his few lil bills when something would happen ... But looking for a policy that will pay full but will not make us wait the 2 year period and a policy that's not a lot of hassle to make him have more panic over not having the funds to put himself away Thanks for any help God Bless
Mr. Williams, We’re checking again to ensure our previous email reached you and you’ve been helped. At age 79, your father is near the age cut off to apply for life insurance, so you're wise in getting the ball rolling. We'd need you to call us with more specific information about his health and medications. With it we can determine if he can qualify to apply for life insurance without a 2-year waiting period. It would require a free, in-home medical exam. Minimum death benefit for those policies is $50,000. The advantage of these policies is that he'd be fully covered once approved and you've paid you first premium. If you're seeking a smaller death benefit just to cover burial, you'll have a few choices of companies and premiums. Call us at (855) 247-9555 and we'll pre-qualify your father by phone. We would need to speak to him to ask a few health questions and receive approval for you to assist him. The "guaranteed issue" policies for applicants in their 70's will ALL have a minimum 2-year waiting period for full coverage to kick in. At this point, you can't avoid it...you should get the policy and get the clock ticking before you're out of options. The policies for the companies we recommend are very fair...you can't lose money as long as you're keeping up with the monthly premiums. If you're father does die in the next 2 years, you'll receive ALL money paid in up to that point plus an additional 10-15%. It's the best guaranteed "investment" out there. Call us at (855) 247-9555 and we'll review your options and email the quotes to you. Have you secured your life insurance? If not, don't risk putting your kids in the same position. You're likely my age...by locking in your rates now, they'll always remain very affordable. Likely around the cost of a dinner out once a month. We look forward to helping you.
Are you aware of any guarantee issue policies in Arizona for a 38 year old? I am an agent myself working a complicated case. Client won't pass anyone's underwriting I am sure. If you know of something, I would be happy to do a commission split highly in your favor. I can't locate any guarantee issue for under age 50. Thank you!
Beth, Minimum age for "guaranteed issue" life insurance is 50 in most states. For clients too young to qualify, we recommend "self insuring" by putting money aside in a dedicated bank account. If our client makes it to 50, there will be funds to help with the first few years' premiums. If not, there are funds to help with final expenses.
I have a question. My brother is 33 and has diabetes. Where can I find a plan that is affordable for him
Mandalesha, Thank you for your question and visiting JRC's life insurance website. We specialize in helping people with diabetes find affordable life insurance. We need to know the age your brother was diagnosed, medication(s) he's taking, his most recent A1c reading, and how often his physician is having him come in for A1c readings. When you can provide this information call us at (855) 247-9555 and we'll compare prices for life insurance companies best for insuring diabetics. If diabetes runs in the family and you have no life insurance, we can help you obtain a policy as well. The cost is considerably lower than if you tried to purchase later after high sugar readings, even "borderline" diabetes. We look forward to helping your family!
Can i please get a quote for my 81 year old father who has stage IV lung cancer?
Ms. Mercado, Thank you for visiting JRC's website. We're unaware of any insurer which would accept your father at his age. 80 is the maximum age for companies offering "guaranteed issue" life insurance. Even if he were eligible, there's a 2 year waiting period before he'd before he'd be fully covered, and as you would expect, the cost would be very high. It's the reason most people secure their life insurance when they're young and healthy. If you have no life insurance, call us and we'll help you lock in an affordable rate now and avoid leaving your children in a similar bind. On one quick call we can compare rates with the leading life insurance companies in your state and email the best pricing offers. You can also get that 2-year waiting period behind you. Call JRC Insurance Services at (855) 247-9555. We're glad to help
I am a 64 year old female, live in Texas and have Dabetes Type 2. I am in in fairly good health otherwise. I want to get final expenses coverage, but also want to leave some money for my 2 sons & grandkids. I am retired and live on a pension - I get around $1600.00 a month, but after paying monthly expenses, I have around $150.00 left. Any suggestions on policies? Thanks for your help ?
Ms. Odom, Thank you for your inquiry. Call JRC at (855) 247-9555 and we'll help you compare the best values within your budget. Children will often help out their parents with the cost of life insurance, which may provide your sons additional tax-free funds when you pass, along with current peace of mind knowing your final expenses won't be a burden. All the best
I need some kind of life insurance for my daughter she is 18 yrs. Old and currently under cancer treatment, any advice helps, thank you
Ms Cavender, Thank you for visiting JRC's website. We're unaware of any insurers offering life insurance for someone in your daughter's situation. Hopefully (and prayerfully) she'll recover. Once she's 5 years past treatments, options will open up for her. Prayers and best wishes to your family.
I am 66 ' take pills for diabetes with high blood pressure. I am looking for a term life policy with no waiting period for 20,000 to 25,000 dollars coverage.
Ms. Eddy, Thank you for your question and visiting JRC's life insurance website. Diabetes is the most common affliction we help people with. It's important to be paired up with a highly rated insurer with most fair underwriting. We've been successful helping clients with similar history obtain the type of life insurance you've asked for. Mutual of Omaha has a product titled "Living Promise" and is well suited for applicants over age 60 with well controlled diabetes. The policy requires a telephone interview, but no physical. Options vary somewhat by state, but if eligible, a $20,000 death benefit is $115.49 per month. With a $25,000 death benefit, the monthly cost is $143.56. As with all life insurance, the death benefit is tax-free to your beneficiary/beneficiaries. Diabetes is the most common affliction we help people with. It's important to be paired up with a highly rated insurer with most fair underwriting. If you have questions or would like us to help verify your eligibility and assist you in applying, Justin Nelson will help you. His direct phone line is (855) 247-9553. As a reminder, there is no cost for our help. JRC is fully licensed to match applicants up with insurance companies best suited for their age, health, and lifestyle. We look forward to sharing our industry knowledge and expertise to help secure your life insurance to provide security for your family and peace of mind for you.
I have power of attorney over my 32 year old sister who has been in critical care/hospice treatment/etc since October 10th. Our mother passed away September 10th and were her only children/relatives. I paid out of pocket for all her funeral expenses by myself; and can't afford to do so if my sister passes. Neither had life insurance/living will/any assets. She is willing to allow me to do this, but in my search I can't find anyone to do this. Her life expectancy is uncertain and I don't know what to do or how to help.
Mr. Petrik, Thank you for visiting JRC's life insurance website. We're unaware of any insurance company which would take on such a risk, and state regulations typically don't allow a POA. The cost of insurance is based on the amount of risk to the insurer paying a claim, so even if available, the premiums would likely be unaffordable. 50 is the youngest age we’ve found for “no health questions asked” policies, which carry a 2-year waiting period for the full death benefit.
My mother is 63 and has liver failure. We need burial insurance. Is there a 2 year wait as they gave her less than a year thank you. Please email me
Liz, You are correct, life insurance companies have a minimum 2 year wait for burial policies not requiring a medical exam or health questions. The cost of life/health/auto insurance is based on risk to the insurer to paying a claim. With liver failure or other life threatening illness, they'll either choose to not offer coverage or price it so high you're better off being "self insured". In other words, set money aside from savings, your mother's estate, or help from family members to pay for her eventual passing. If you haven't secured life insurance, it's recommended to do it now while you're young and healthy. Your price will never be lower, and you'll earn the peace of mind knowing your children won't end up in a similar difficult situation. Likely the monthly cost of a fast food lunch. We can help you with quotes by calling JRC toll free at (855) 247-9555.
I am looking for life insurance for my wife. She is 70 years old. We currently live in Ecuador but maintain a residence in Oklahoma.
Stephen, Prudential is the most liberal company regarding out of country residency. Their minimum policies are $100,000 and have some financial requirements...such as, what's the financial loss to her beneficiary when she dies. You are required to have a permanent US address, as you do. You'd need at least 2-3 months to get through the application process, as it will require a free physical. Give us a call when you're in Oklahoma and we'll contact an underwriter on your behalf.
My father is 84 years old and on dialysis. He has said that he has a policy which would pay 25K to be divided up between my 2 siblings and myself. I live out of state and would have to fly back with my family of 4 to attend the funeral as well as pay for a hotel. This would be a great expense that I don't want to put on a credit card. Is there any way that I could get a policy which would help with my father's final expenses as well as my expenses associated with his death? Thank you.
Vanessa, Thank for contacting JRC. Best to give us a call. Most new policies must be purchased by age 80, but there a few which go up to 85. It's partially based on the state where your father lives. If he does qualify, there's a 2-year waiting period for the full death benefit. He would need to OK the purchase of the policy and sign the application, but you and your siblings could make the payments. Give us a call at (855) 247-9555 and we'll be glad to check your father's eligibility and cost, if available to him.
would like to know more and how much i can insured myself, i am 71 yrs old.
Mr. Avenido, Thank you for your post and contacting JRC Life Insurance. The life insurance amount you can qualify varies, based on a number of factors. These include your present income, amount of life insurance you may already care (and not replacing), and state where you reside. It looks like you were viewing one of our "Burial and Final Expenses" articles. For this purpose, most people carry between $10,000-$25,000. These are lifetime policies, of course, since you don't want to risk outliving a burial policy. Our clients prefer that this type of life insurance doesn't increase as you age. We'll be happy to help you shop through the leading insurance companies by phone and help you determine what you qualify for, and answer your questions. JRC is fully licensed, and there's no cost for our work and expertise on your behalf. Call JRC at (855) 247-9555 and an agent licensed for your state will assist you. We look forward to your call! The JRC Team
What rates and what kind insurance am i looking at for my gradnpa? He's 71 yrs.old been in good health his whole life, but recently got diagnosed with cancer. Thank u, Heather
Heather, If you're still looking for life insurance for your grandfather, call JRC at (855) 247-9555. The options available to him will vary by the State he resides. He will need a "no questions asked" type of policy. These will have a 2 year waiting period to be covered by death due to a health consideration. Accidental death begins immediately. Most of our clients choose policies where rates are fixed for life....some increase every few years, and/or end at age 80. We can provide a quote by phone. To purchase life insurance, we would need to speak to your grandfather briefly for authorization, though, you and other family members could make the payment on his behalf.
I am looking for coverage for my 75 yr old father who has no life insurance at all. We have no money for a funeral. Can you help me?
Margaret, If you’re still looking for life insurance for your grandfather, call JRC at (855) 247-9555. The options available to him will vary by the State he resides. At age 75, he will likely need a “no questions asked” type of policy. These will have a 2 year waiting period to be covered by death due to a health consideration. Accidental death begins immediately. Most of our clients choose policies where rates are fixed for life….some increase every few years, and/or end at age 80. We can provide a quote by phone. To purchase life insurance, we would need to speak to your grandfather briefly for authorization, though, you and other family members could make the payment on his behalf.
Hi. Are their any 10,000 policy's for life insurance without the 2 year waiting period ?? I need insurance for my 78 year old mother who is in good health .
Mr. Abate, Thank you for your question and visiting JRC's life insurance website. A few companies offer coverage for smaller amounts of coverage without a medical exam or waiting period. The age cut off varies by state, and which medications/treatments are in medical history (they check through the Medical Information Bureau/MIB). Call us at (855) 247-9555 when you're with your mother and we'll pre-qualify her for options she'd be eligible to apply for. To apply to purchase life insurance and avoid a waiting period, we'd provide a 10-15 minute phone interview, which is reviewed by a life insurance underwriter. You'll likely have a decision within 5 business days. You and other family members could make the payment on your mother's behalf.
I live in Idaho. My younger brother is in California, had a stroke a few years ago and is currently 36 yrs old. He has diabieties and is in failing health looking at dialysis and stage 4 renial faliure. Is there somewhere we can purchase life insurance for him to help me with his final expenses costs and things of that sort that is fairly unexpensive every month? He cant work I live alone and have all my monthly bills. Thank you
Amanda, Thank you for your email and inquiry to JRC. We're not aware of any life insurance companies which would accept this risk. If one did, the cost would be prohibitive, due to the likelihood of paying a claim within a short period of time. Most people in your situation set up a dedicated savings account, putting money aside rather than towards life insurance. Sorry we couldn't be of more help. Take care.
Looking for a burial insurance around $7000 I am female non-smoker 62 years old. Thank you
Ms. Harrison, Thank you for your request and visiting JRC' life insurance website. We'll be glad to help you shop for affordable life insurance with the cost guaranteed to never change. Call us at (855) 247-9555 and an agent licensed for your state of residence will provide quotes in just a few minutes and answer all your questions. Tobacco use will have no bearing on your cost.
I just turned 83. I am in good health, with HBP which is very well controlled. No other health issues. I have a government life insurance policy for $50.000, which I have had since retirement in 1995. Premiums have risen to about $315 per month. I have no monetary need for the insurance. I have a paid burial plan. I guess my question is..Should I keep the insurance? If I cancel this policy, is there a less expensive $50,000 10 year term policy that would be better? My children are well off financially. I really don't know if it is a good decision to just cancel the policy and add the $315 to a savings account. I am looking for direction. Any advice would be appreciated.
Mr. Mitchell, Thank you for your question and visting JRC’s life insurance website. I'm in a similar situation, and after discussing with my wife, decided to not extend a lapsing policy, or reapply for new coverage. The goal for many is to outlive the need for life insurance by being in situation you've described. Personally, our children are grown and for what our life insurance would cost was adjusting to (also around $300 a month lifetime commitment), we've chosen to pay off our debts and enjoy life a little more. At the time we're gone, splitting $50,000 wouldn't mean a whole lot to our daughters. Another strategy is to put the money saved into a separate bank/investment amount which is liquid and could be used for outside health care if we ever need it....or to parse out to whichever daughter might choose to take care of us, drive us to doctor appointments, etc. Best of luck to you! Feel free to call if you have questions or have any family members needing life insurance quotes.
In need of whole life, final expense and burial insurance for a 41 year old female and 61 year old male. We are a low income couple, husband and wife.
Mrs McLemore, Thank you for your request and visiting JRC's life insurance website. We shop over 45 companies on behalf of our customers to help them find their best life insurance values. Call us at (855) 247-9555 and we'll compare prices to determine which price best for final expense/burial insurance offered in your state which will NOT increase in price as you age. Let us know what you can afford for your monthly premiums so you aren't over extended. It's important to only buy what you can always comfortably afford so you're never at risk of missing a payment. If you do, the insurance company will cancel your coverage within 2 months.
Hello, Iam looking for two policy's for my inlaws.... my mil has diabetes, spleen, high blood pressure issues... badically medical problems. She is only in her early 60's. My fil is in his mid 60's but in pretty good shape, ni major medicals. Most regular wont quote her bc if health risks. How much would it be to just get her a burial expense insurance 30k-50k only? And try to grt my fil a regular ins. Would lije your advise, please? Thank you! Yia Lee
Yia, Thank you for your question and visiting JRC’s life insurance website. "Burial Expense Insurance" is generally available for up to a $30,000 death benefits. You pay for these policies for the remainder of your life, so it's important to secure to low, affordable rates. We would be happy to compare rates for your in-laws. We may need a "guaranteed acceptance" life insurance policy with no health questions for your mother in law. The cost is based on her current age (its then locked in for life) and has a 2-year waiting period for death to medical reasons, so best to secure her policy now for earliest coverage and lowest cost. Life insurance in the United States is regulated by the State and Federal government. We would need to speak to your in-laws to obtain their authorization should they choose to apply for life insurance. If they don't speak English, you'll need to find a licensed agent who speaks their language. If they speak English, call JRC at (855) 247-9555 and we'll shop for their coverage, help with the applications and review of their life insurance policies once approved. If you're planning to pay for their insurance, we can help coordinate that, as well as helping you shop for life insurance if needed. At a young age, you'll have many more options and cost should be very favorable. JRC is located in San Diego in California, and we're licensed in 48 states. Our business hours between 8am-5pm, PDT.
How much would it cost to get an insurance for a 95 year old lady. She has high blood pressure under control, high cholesterol under control.
Sylvia, The age cutoff for purchasing life insurance is between 80-85. Even at that age, it's very expensive, since you've outlived a typical life span. The rule of thumb is to begin paying for life insurance well before you need it...while the cost is low and affordable, so you don't leave your family scrambling to finance your medical bills and burial expenses.
I am in very good health, single, never married so there are no beneficiaries and I am 69 years old. I am looking to get Burial Insurance or some insurance policy that I can have money put aside to pay for my funeral arrangements that should total around $12,000 - $15,000. My father lived until he was 96. What policies are out there for me to consider that I won't end up paying twice as much for the funeral amount I need. Ideally I would like to pay for it all up front. Thank you, Marty
Mr. Grebow, Thank you for your question and visiting JRC's life insurance website. For burial/final expense insurance, our clients generally purchase lifetime policies with fixed rates. These are flat rate policies, regardless of health. Rates are based on standard mortality tables. Starting a new policy with a $15,000 death benefit at age 69, the annual cost for a male is around $1500. Life insurance is generally bought to protect surviving family members from an unexpected loss. When death benefit proceeds go to a named beneficiary, they are untaxed. Without family members, most people list "my estate" as beneficiary, but then the benefits will generally be taxed, losing a prime benefit. Without a family member/dependent/domestic partner suffering a financial loss at your death or to list as a beneficiary, you're probably just as well "self insuring", setting aside $15,000 in a designated savings account. Discuss your plans with an estate attorney/financial advisor who'd help settle your estate including distribution of your assets.
My spouse is 80, has COPD,diabetes. We have a policy thru aarp, but it doesn't pay if he dies within 1st 2 yrs. Is there a better policy for him? We have both chosen CREMATION as our burial means.
Mrs. Hargis, Thank you for your question and visiting JRC's life insurance website. JRC is a free life insurance "shopping service", comparing features and benefits. Most of our client's end up purchasing a Gerber policy for the life insurance you're describing. They take on new clients up to their 81st birthday, so your husband could get in just under their deadline. Check your AARP policy...many of them end around age 80, or there are big price spikes every few years. Gerber's policy rates and coverage are through age 100, so you really don't have to worry about outliving it. At your husband's age and health, all policies will have a 2-year waiting period. Otherwise, people would just wait and buy life insurance for a family member in hospice. Wouldn't make business sense for a company to always pay out more than they receive in premiums. We believe Gerber's waiting period is fair. If your husband were to die in the first two years in the waiting period, Gerber would return all money you had paid in to that point plus 10%, so you can't lose money, unless you buy a policy you can't afford and cancel it before your husband's death. Gerber's polices do cost more than AARP to begin, but it's because of the "money back + 10% " guarantee in first two years, and guaranteed coverage with no price increase. Give us a call if you'd like us to verify the cost. A $5000 or $10,000 policy is generally purchased for cremation/final expenses. We'd be glad to price a policy for you as well, if you don't have life insurance. The younger you are when you secure insurance, the lower the cost. JRC's toll-free number is (855) 247-9555. Best Regards
I am a 63-year-old female who is had two heart attacks and would like to know get a quote on insurance whether it's burial insurance or like regular life insurance at a reasonable price. Thank you
Ms. Beerbower, Thank you for your question and visiting JRC's life insurance website. Prices vary a bit by state of residence, but rule of thumb, the cost for permanent lifetime insurance for a policy where the price is guaranteed to never change (what our clients prefer) will run you about $25 per $5,000 of death benefit if you purchase a policy now at your current age. The average funeral currently runs around $17,000 (varies by location and will increase with inflation) so if affordable, it's recommended you secure a $15,000 death benefit policy (around $75 per month) or $20,000 death benefit (around $100 a month). We're not sure what you mean by "regular" life insurance, but the most common coverage purchased is "term" life insurance, which people generally carry during their working years to replace lost income for dependents if you were to die prematurely. We have been successful in helping clients with heart attack history acquire this coverage. You would need to still be working (not disabled) and a good history of cardio follow up including a treadmill stress test within the past 12 months. Call us if you'd like more information or to apply for a policy. The burial policy is basically "no questions asked" coverage. There is a 2 year waiting period for the full death benefit, so best to lock in rates at your current age (before your next birthday) and get the clock running for the 2 year waiting period. Call JRC at (855) 247-9555
Hello. I have an autistic Uncle who has been in a nursing home for the past 2 years. He is ambulatory, vocal, and social. He has adjusted well in this environment and is happy. His mother (my maternal grandmother) has had a life insurance policy on him since a very early age. She, as well as my mother are deceased and I have been trying to contact the insurance company for well over a year now and have not been able to. The company is AIG with the headquarters being in Nashville, TN. I live in Georgia. When you call the company's phone number, you are left on hold forever! I pay the premium every month, but need current answers on his situation if something happens to him. Can you help?
Thank you for your question and visiting JRC's life insurance website. We would normally recommend contact the original agent who helped set up coverage, but it's been a long time and may be difficult task identifying them. We have a couple number for AIG's (American General) life insurance customer service department. Try calling (877) 638-4244, then press 3, then 5, then 3. AIG's life claims department number is 800-521-2773. They should be able to transfer to whatever department is needed. If you're still having difficulty and/or wish to file a complaint, contact your state's Department of Insurance. Life insurance is regulated at a state and federal level, and there are consumer advocate departments available to help.
My father is 75 and just informed me he has no life insurance. He resides in Massacusetts and he recently just had heart surgery however he still suffers from shortness of breathe quite a bit. I would really prefer to purchase a policy without the 2 year waiting period. Is there one that will pay the full amount of the policy and not just the premiums that have been paid. I'm not in a position to save or have any assets to use to go towards burial. I am willing to pay the premium needed for this kind of policy . Also usually around how much are the premiums for this kind of policy.
Ms. McConnell, Thank you for your question and visiting JRC's life insurance website. At your father's age and health, there's no way avoiding a waiting period without buying a policy only covering death as the result of an accident. Best to get "the clock ticking" by securing ASAP. Most of our clients in similar circumstances purchase a lifetime policy with rates guaranteed to never change. For a $10,000 tax-free death benefit, prices will be in the $125 a month range. $5000 death benefit, which is the miniumum, will be roughly half that. Gerber Life Insurance provides all money paid in plus 10% if you're father died during the 2 year waiting period. You might finder a lower premium for a policy that ends at age 80, but with the 2 year waiting period, he'd only be covered for 3 years. It's key to find a premium payment you can always afford, otherwise, if you miss a couple payment, you could forfeit the life insurance. If unaffordable, set money aside as best you can. Unfortunately, Social Security only pays a $255 death benefit to a qualified beneficiary. Call JRC if we can help. We'll find the most affordable policy available to your father with best coverage. We can be reached toll-free at (855) 247-9555
My aunt is 31years old and is a diabetic with heart failure and kidney disease, would she qualify for final expenses policy.
Hello, Jasmine, Thank you for visiting JRC Insurance's website, and your question. Your aunt's health challenges would require a "no health questions asked" type of life insurance policy, however, the minimum age to apply is 50 for any company we've come across. Most family's in similar circumstance "self insure" by putting money aside on their own to pay for "final expenses". Look at as paying life insurance premiums to yourself, rather than an insurance company. Depositing money every month into a separate dedicated bank account can help. Good luck, and let us know if there's anyone else in the family we can help protect with life insurance. It's the type of thing you want to buy before you need. The healthier you are, the lower the risk and lower the cost, which is guaranteed not to change even if your health turns bad later. Can be particularly important if there's family history of health problems at younger ages.
I have a small term insurance policy on my mother who is 78 to help with funeral cost and the term is up when she turns 80. Will I get an option to to extend it even if I have to pay more? If not how do I get insurance to help me cover this. She just went to the doctor and she is in great health. Any advice would be appreciated.
Hello, Patricia, Thank you for your question and visting JRC's website. We're guessing your mother's policy may be with AARP/New York Life. Those policies generally end at age 80...in addition to having cost increases every 5 years. Most of our clients with healthy parents choose to purchase "final expense" policies (funeral cost) from Gerber Life. These are life time, "whole life" policies. The cost doesn't change. Since you'd be taking out a policy at age 78, and it's guaranteed to pay one day, the cost will be higher than the policy your mother is likely to outlive. Give us a call at (855) 247-9555 and we'll verify the cost for her so you can make a family decision on the best course of action.
Hi, I'm looking for insurance on my mother in law. She is 65 with alzheimer's/dementia. What kinds of insurance could she qualify for? What is the max she could qualify for? Because of her alzheimer's/dementia she can't be deemed competent to list my husband(her son) and I as "payor". Can you explain what our options are? Please email us. Thanks!
Mrs. Weber, Thank you for visiting our JRC Life Insurance website and your question. Life insurance companies require the applicant to be "competent" and will ask if they've been diagnosed with chronic conditions alzheimers/dementia, and won't allow a third party to purchase on behalf of someone. This includes the "guaranteed issue" life insurance (which have 2 year waiting periods) you see advertised. You've likely been shopping around and discovered this...it's a regulated industry, so will be consistent no matter who you contact. As you would imagine, even if you could find life insurance, the cost would be prohibitive for someone too old or ill to care for themselves. What familes do in your situation is "self insure". Rather than paying high premiums to a life insurer, they'll establish a dedicated savings account, depositing funds monthly so they'll be there at the time of a loved one's passing.
I am 69 (4/8/1948) and my wife is 64 (10/31/1952). We are in good health. However, I have asthma. We would a quote for both a $5,000 and a $10,000 quote for a burial policy. Can you help / advise us.
Mr. Robbins, Thank you for your question and visiting our JRC Life Insurance website. For "final expense" purposes, most of our clients choose life insurance policies which have a fixed cost and death benefit (nothing changes) for the remainder of their lives. The cost is determined by gender and age you begin. At age 69 a $10,000 death benefit with coverage and cost fixed for life will likely be in the $80 per month range for your insurance premium. For your wife, she'll likely be in the $50 per month range. $5000 death benefit policies will be roughly half this cost. Another factor is your state of residence, since not all insurers work in every state. If you call JRC at (855) 247-9555 we can help compare rates between insurance companies to help you find your best values for coverage you can afford. We're fully licensed and this service is provided at no cost. If you decide to apply for coverage we'll provide the appropriate applications. With your wife's birthday coming up, it will save her around $3 per month to apply before her 10/31 birthday. Best Regards, JRC Insurance Group (855) 247-9555
I would like to get a quote for my mom she’s 67 years she’s a diabetic not on insulin she has high blood pressure
Mr. Frazier, Thank you for your email and visiting our JRC Life Insurance website. Your mother is likely taking Metformin or something similar. We represent 4-5 life insurance companies with particularly good rates for this risk. Call us at (855) 247-9555 and we'll determine the best options she could qualify for. We would need to speak with her by phone for confirmation and authorization should you want to purchase life insurance for her. With her consent you'd be able to make payments and be her beneficiary. JRC Insurance Group (855) 247-9555
My parents have a $10,000 Gerber life insurance policy on me.. Now this policy is over 40 years old,what kind of options do I have? I want to purchase a few acres of land and I'm wondering if I can use the policy to help me with this purchase ?
Mr. Burris, Thank you for visiting JRC's life insurance website and your question. These types of polices have little cash value, really only the death benefit to your beneficiary when you die. Best to look at conventional loan options for purchasing land or other assets.
I want to have a burial policy for my mother who is 90. She had a very very mild stroke 3 1/2 years ago. She is moving about fine right now, with no sign of any impairment. What sort of policy is recommended? How much will be he premium? We have already bought a plot. We are looking at just the burial expenses. Thank you!
Mr. Samuel, Thank you for your question and visiting JRC's life insurance website. Congratulations to your mother to making it to 90! Mine is 93, and we're fortunate to still have them as part of the family. Life insurance must be acquired at age 85 or younger....80 with many companies...before the average age of death on mortality tables for our gender. As you would imagine, if you were began paying at age 90, you'd pretty much need to fund the policy within a year. One way to look at is had you acquired life insurance for her at age 85, you would likely have been paying $200 or month or so since then for a $10,000 policy. Put that "savings" for premiums you didn't pay aside for her final expenses.
My wife is the P.O.A. (Power Of Attorney) for her father who has stage IV lung cancer and we are unsure of how much time he may have left (less than 5 months). Is there anyone out there that will insure him where that she will be able to get enough insurance to cover $3,000 - $4,000 in burial/funeral expensive?
Pastor Kimble, Thank you for your question and visiting JRC's life insurance website. Your father in law might be able to purchase "guaranteed issue" life insurance, however, it has a two year waiting period for the full death benefit. If a policy holder dies within this waiting period, insurance premiums are returned along with a small amount of interest paid. With only a few months of left, it's likely not worth the trouble. Hopefully your father in law has some money or other assets set aside to help the family with his final expenses. He should likely qualify for a small social security death benefit. If you and your wife don't have life insurance or money set aside to help your children, we encourage to secure a policy while you're young and healthy. Those factors directly influence the cost and can make it much more affordable. If you'd like our help, we are licensed with over 40 top-rated life insurance companies and can find the best values to meet your needs. There's no cost for our service. JRC can be reached from 8am-5pm Pacific at (855) 247-9555.
My sister passed, her insurane lapsed over a year. She was a veteran. Can money already paid into the policy be drawn down ...hopefully to help.pay for the funeral?
Ms. Williams, Thank you for visiting JRC's life insurance website and your question. We're sorry for to learn of the loss of your sister. Generally speaking, life insurance is like your auto and health insurance....you're covered for a loss and receive benefits while you're paying your premiums. There generally isn't money to "draw down", unless your sister bought a policy which combined insurance and an investment vehicle. You'll have to check with the insurance company to determine this. If you don't know this information, contact your state insurance commissioner office and they can often trace this down through a social security number. Best of luck.
My husband is not a resident here .Unfortunately had a stroke and many health issues. Can I still get him a final expense insurance . Thanks.
Mrs. Sanchez, For the most part, insurance must be purchased in the country of residence. There are a few exceptions, such as a H1b visa. The cost of final expense insurance is based on age when first acquired. If you haven't purchased yet for yourself, we encourage looking into it to secure your lowest cost and provide some level of peace of mind for your children.
I looking for burial expenses insurance for my brother and I .... no waiting period 51and 50 so family doesnt have to worry about funeral exoenses
Ms. Lopez, Thank you for your comment and visiting JRC’s life insurance website. Other than group life insurance provided by an employer, all small life insurance policies $5,000 - $30,000 we've ever seen offer immediate coverage for death due to accident, and a 2-year waiting period for death due to a medical reason. Without a waiting period for health issues, families would wait until a person was seriously ill and in danger of dying. With that high of a risk, life insurance would be so costly that no one could afford it. If you were to die of a health issue during the first two years, insurers pay back all money received so far, plus interest, so there can be no financial loss unless you cancel the policy yourself. Seems fair to us. Most people acquire life insurance when they're young and healthy....it's when your cost is the lowest. Like any insurance, you buy it before you need it, so there's not a big expense which could unaffordable or you'd be leaving behind to your family. At ages 50 and 51, lifetime "final expense" policies can be very affordable. Call JRC and we'll help you shop the market to find a policy which will provide coverage for the remainder of your life and won't increase in cost as you age. JRC's toll free line is (855) 247-9555. We look forward to helping you. Thank you for your comment and visiting JRC’s life insurance website.
I am a 48 year old female, looking for benefits to cover 90K mortgage balance and burial expenses. My husband is 63 and non insulin dependent diabetic who would need burial expense coverage and about an extra 20k - quotes and best coverage types?
Robin, Thank you for contacting JRC Life Insurance and visiting our website. We'll be glad to help you and your husband review your best life insurance options. We're assuming he's taking Metformin or something similar to control diabetes. Diabetes is probably the most common health condition we provide guidance, as there are a group of companies which provide far favorable rates based on how well it's controlled. We'll need your husband's most recent A1c, approximate date of his last medical exam, current height/weight, and medication(s) list. If your life insurance goal is primary to protect your family home, we'll need to know how many years left on your mortgage. Call JRC at (955) 247-9555 and a licensed agent for your state experienced in diabetes underwriting will assist you. Thank you in advance for the opportunity to help your family.
I’d like to purchase final expense coverage for my mother. She just turned 61. She has pulmonary hypertension and asthma. Also has fibromyalgia and osteoarthritis. I’d like something that would be affordable on a limited budget but would take affect immediately since I don’t know her life expectancy with only fair health. She still owes money on her house and has medical expenses, and burial expenses. She owes close to $75,000 on her house alone. So probably looking for close to $100,000 in coverage. Is there such a policy? A 2 year waiting period doesn’t sound promising if her health is only fair.
Karina, Thank you for contacting JRC Life Insurance and visiting our website. It sounds as though your mother may be medically disabled, which will prevent her from qualifying for more than a "guaranteed issue/approval" life insurance. For the most part, these policies are available with death benefits of $5000-$25,000. They will have a waiting period (generally 2 years), which is why they can be offered to people in poor health without medical questions. If your mother were to die in this period, most companies return all money ("premiums") paid in plus a small amount of interest, so there's no risk of losing money if you don't cancel the policy prior to our mother's passing. As you can imagine, a "high risk" policy would be extremely expensive for someone in poor health seeking a $100,000 death benefit....you might be paying $25,000-$50,000 per year, if it were available. Most people in your situation buy a smaller, affordable amount of final expense life insurance for their parent so something will be there, tax free, to help. Any additional funds available could be used to pay down the mortgage faster. Good luck, we know you have a number of difficult decisions to make.
Looking for a policy that would afford a cremation for me in the event of my death. I am a 64-year-old male in Illinois. Have a wife and daughter 21 at home currently and attending college this year. I do not anticipate a death any time soon but want to lock in some sort of coverage so they are ok for a while. I do have a few health issues - all under control and none a life or death issue. I have skin cancer that is under control for years (had Mohs surgery on the nose) and have checkups yearly, slightly high blood pressure recently this year and under control by my doctor, needing to lose weight to get it to drop down. I did have an ulcer years ago that was taken care of. I am retired but also own a small home business that I run. My wife does not work, helps in the business and she is from Germany and in the event of my death, I would like her to have the option of returning there to her family if she wanted or to get along for some time while she works at getting her life together. I have filed bankruptcy in past years as a business/job went away, so really do not have much to be paid off. Do not own a home, but rent, no credit card bills, own vehicle and equipment for the business. Would like to know what insurance and amounts, monthly costs I may qualify for going forward, a policy around 100.00 per month would be ideal, but would consider others higher or lower. Health exam or none required? Waiting period? Thanks in advance.
Joe, Thank you for contacting JRC Life Insurance and visiting our website. We appreciate your sharing your needs for life insurance. Most of our clients seeking "final expense" life insurance providing funds to help their family with cremation expense purchase a policy providing a $10,000 to $15,000 tax-free to their beneficiary/beneficiaries...you could list both your wife and daughter should you choose. Our clients also ask for policies where the cost won't increase as you age. This helps the family set a budget to work in with other expenses as they age and are on a fixed income. The cost is based on your age when you start the insurance policy. At age 64, a male in Illinois would pay around $65 a month for a $10,000 death benefit, or a little under $100 per month for a $15,000 death benefit. Again, proceeds are paid at time of death tax-free. No medical exam...just a handful of questions and you should have no problem qualifying. Accidental death coverage begins immediately. There is a 2-year waiting period for death due to a medical condition, however, there's no financial risk...if you die of a health condition in the first two years, your beneficiary would receive all money paid to that point plus interest. Call JRC at (855) 247-9555 and an agent licensed for Illinois will assist you if you have additional questions or wish to secure a policy. We'll verify which A+ rated insurance company will provide your best policy value. There's a 30-day money-back period on all life insurance, so you'll have time to review the details with your wife and daughter. Thanks again for your inquiry...we look forward to helping you!
Looking for insurance for my dad he has cancer need money to for final expenses and funeral
Vicky, Thank you for contacting JRC Life Insurance and visiting our website. With a cancer diagnosis, your father will need to purchase a "guaranteed acceptance" type of life insurance policy. The cost is based on the death benefit (generally available in $5,000 increments between $5,000-$25,000) and his current age. Insurance companies can offer these guaranteed acceptance policies because they require a 2-year waiting period for death due to medical reason (accidental death coverage begins immediately). If your father were to die in the first two years, you'd receive all money paid in up to that point plus interest. They keys are to get started right away to get the 2 year "clock" running, and keep the policy active by making payments as scheduled. Only way you can lose money is to cancel the policy or miss payments. We'll be glad to assist you in shopping for coverage for your father. We are required to speak to him if you choose to apply. There are a few questions we need to ask him on recorded line, basically confirming he wants to be insured and authorizing you as "payor" and/or beneficiary. JRC can be reached at (855) 247-9555. A licensed agent for your father's state of residence will assist you.
I am 64 and would like burial insurance. Could you please email me quotes.
Ms. Bever, Thank you for contacting JRC Life Insurance and visiting our website. Most of our customers seeking "burial insurance" ask us for a policy providing a fixed cost (never increases) and good to whatever age you pass. You have to ask, because some policies increase in cost every 5 years and/or end at age 80. A $10,000 tax-free death benefit is most commonly purchased for this purpose. The cost is based on your age when you begin paying. At age 64, you should be in the neighborhood of $50-55 per month. Depending upon your state of residency, policies may begin at $5,000, are sold in $5000 increments, and may be available for up to $20,000 - $25,000 or so. Though they are called "burial insurance", your beneficiary can use for whatever expenses are needed. This is something usually discussed between the person insured and their family, with a note/letter kept with the policy. JRC is a free shopping service providing help from licensed agents for all 50 states. Call us at (855) 247-9555 and we'll help you secure your burial expense life insurance. There's no cost for our help, and you'll have a 30-day money-back period to review your policy.
replacing a term policy ($100,000) that has reached its terms. Looking at the term life plan Gerber $25,000 for final expenses. In good health except for blood pressure medication. non smoker. will this plan pay my beneficiary directly and then he pays the funeral home? I don't know know this works since I have never directly dealt with a funeral home and life insurance.
Ms. Hampton, Thank you for contacting JRC Life Insurance and visiting our website. Yes, Gerber's "final expense" life insurance policy pays your selected beneficiary directly. It's not recommended making a funeral home the beneficiary as they could go out of business, or more commonly, the life insurance death benefit exceeds the funeral/burial costs. It sounds as though you'll have no trouble qualifying. A JRC agent licensed for your state will help complete your application by phone, and review your policy with you when it arrives. You'll have a 30-day money-back "free look" period. JRC's toll-free phone number is (855) 247-9555. We look forward to your call and helping your financially protect your loved ones.
I am in my mid-fifties and have no life insurance. My husband has a modest $10,000 policy from the railroad he works for. We still owe on a mortgage, and he has various credit cards with debt on them. I would like to begin pre-planning our funerals. I am in good health, he has CAD. Would like your comments on how to find the best policy?
Mrs. Kaiser, Thank you for contacting JRC Life Insurance and visiting our website. It sounds like $15,000 - $25,000 in life insurance would meet your future needs for burial/final expenses. You're wise shopping now when you're younger, as these lifetime policies are based on your age when you initially purchase the policy. Most of our clients choose lifetime, fixed rate policies where the cost will never increase, and the tax-free death benefit will never decrease. We would be glad to help you review different company's coverage, and which would be the most affordable for you and your husband. JRC is licensed in all 50 states, so we'll have one of our agents for your state assist you. We'd welcome your call at (855) 247-9555. Thanks again for contacting JRC Life Insurance Services!
My husband just died without an estate. I am just getting a small $10,000 life insurance from his company. Do I have to pay taxes on that
Alanni, We're sorry to learn of your loss. Life insurance is a tax-free benefit.