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Low Cost Burial Insurance for Seniors 2017

Low Cost Burial insurance for Seniors can be purchased by those who care about their family members.

Though the finances could not replace your presence, the payout can relieve the members of your family from the financial burden which gets triggered by passing of their loved one.

How much Burial Insurance you need

There are factors to consider when calculating how much Burial insurance you need:

Burial or cremation costs
Any outstanding debts
Any taxes you owe
Tax liabilities that arise from inheritance left to your loved ones

Low Cost Burial Insurance No Medical Exam

Burial insurance is generally a lower amount of coverage for a low cost.

There is generally no screening for health conditions, no medical exams or tests.

Guaranteed issue policies are for people who do not wish to answer medical questions.

If you have been declined life insurance in the past, you may qualify for a guaranteed issue policy.

Guaranteed issue policies are a good alternative for seniors or those with limited income.

What If I Have Health Issues?

If you are shopping for burial insurance for seniors and you are worried because you have some health problems, then you should know that there are policies for almost everyone.

If you have some minor health issues like high blood pressure or high cholesterol that is controlled with medication, then you can typically qualify for a standard rate with day one coverage.

If you have some major health problems like heart disease or a history of cancer or stroke, then you may still qualify for a guaranteed issue life insurance policy.

The rate on this policy is higher, but it can still provide peace of mind to have some type of coverage in place.

Can You Cancel a Burial Insurance Policy?

Once purchased, the only way to cancel is to stop paying premiums.

However, you will not receive any of the money back that you’ve paid into the policy should you cancel and you will also not receive any of the insurance benefits upon the death of the policy holder.

Low Cost Burial Insurance for Seniors 2017

Burial Insurance is whole life insurance, which means that your coverage is permanent for the rest of your life, as long as you continue to pay your premiums. A burial insurance policy is the best way to pay for your burial costs in advance, so that you don’t leave a financial burden on your loved ones.

Get a free quote today to compare rates from top rated Insurance companies.

If you prefer to get rates over the phone or if you have questions about your particular situation, then call 813-964-7100 and speak with an experienced insurance professional.

Get your Free quote Now www.MintcoFinancial.com