Funeral Plans for Seniors Over 70: Top Options

As people age, the likelihood of having a partner or living family member decreases. Nearly half of all seniors in the United States live alone or with friends, emphasizing the importance of arranging end-of-life affairs early.

Estate planning, particularly burial policies for seniors over 70, is crucial for ensuring that final wishes are fulfilled. With funeral costs rising significantly after age 70, obtaining the best burial insurance early can ease the financial burden on loved ones.

Exploring senior funeral plans with additional benefits, such as guaranteed pre-paid funerals or burial expense assistance, is recommended. This article highlights top senior life insurance options for those over 70 and offers tips for reducing end-of-life expenses.

Top Life Insurance Options for Seniors Over 70

As you age, the likelihood of health issues and chronic illnesses increases. Regrettably, final expense insurance providers are often hesitant to approve claims or may charge higher rates due to these factors.

For seniors over 70, securing the right whole life insurance policy is essential. Planning for funeral and burial expenses is also a priority.

When planning for retirement, it's essential to consider burial insurance for seniors over 70. Here are some top life insurance plans to consider:

Term life insurance with burial rider:

In addition to offering life insurance coverage, this policy type also includes premiums, burial expenses, and burial plot costs.

Suppose you prefer more flexibility in your coverage. In that case, term life insurance with a burial rider is a practical option because it allows for customizable premium payments based on factors like age.

However, if you don't require the burial rider provision, you may find a better deal on term insurance without it.

Permanent life insurance with a death benefit rider:

Whole life plans come with limitations on premature withdrawals, but they guarantee cash value growth and death payouts upon your passing. In the event of accidental death while traveling by bus, rail, or plane, the Accidental Death Benefit Rider provides additional benefits to your beneficiaries.

Considering this, if you're seeking funds for early retirement, it might not be the best choice. However, if you're interested in guaranteed acceptance plans with an end-of-life benefit rider, this option could be suitable.

Universal life insurance with a burial rider:

Universal life insurance offers a burial rider option, functioning as an investment-based policy with cash value accumulation. Compared to whole life insurance, these final expense policies offer greater flexibility. For example, you can withdraw funds while you're still alive.

Seniors seeking flexible coverage but still desiring protection against funeral costs may find this policy type appealing, as it allows for adjustments to premium payments as needed.

Why do seniors over 70 need burial insurance?

Burial insurance may sound familiar, but you may wonder why it's necessary. This type of policy is designed to cover funeral and burial expenses when a loved one passes away. Given that funerals can cost hundreds of thousands of dollars, it's essential to ensure your loved ones are taken care of after your passing.

Over the past decade, the costs of funerals, living expenses, and unpaid medical bills have steadily risen. Consequently, many individuals find it challenging to afford a proper funeral or burial service. Thus, having this coverage is vital to guaranteeing your loved ones' financial security in the event of your death.

What is the best funeral plan for seniors over 70?

To secure coverage, seniors over 70 must apply for burial insurance with an insurance company. The top options include final expense policies, cremation insurance, and burial insurance. Fortunately, affordable burial insurance options are available for seniors over 70, with leading providers such as Mutual of Omaha, Foresters, GPM, and AETNA Accendo.

Burial insurance for individuals over 70:

We've helped many individuals in their 70s secure approval for most burial insurance policies.

Even if you have existing health issues, we can still assist you in obtaining coverage.

Once approved, your monthly premiums will remain the same as you age.

Your policy is guaranteed not to expire as long as you continue to pay your premiums.

Complete the form to get instant approval with no waiting period. Fill out the form in its entirety to avoid in-person solicitation from TV or mail-order companies!

How much does burial insurance cost for seniors over 70?

The cost of such a plan will depend on factors like your age, overall health, and the coverage level you choose. Typically, coverage is more expensive for those over 65 compared to younger individuals.

Your general health, along with your age, can significantly impact the cost of senior burial coverage. For example, if you have conditions like diabetes or chronic illnesses such as heart disease, finding affordable funeral arrangements for seniors over 70 may be more challenging.

If you're over 80, consider reading our article on purchasing burial insurance.

What are the benefits of burial policies for seniors over 70?

With burial insurance for seniors over 70, you and your loved ones can afford a dignified funeral.

What are the advantages of burial insurance for seniors over 70?

• Financial security for your family: Funeral insurance helps cover your loved ones' financial responsibilities if you pass away, easing their burden during a difficult time.

• Peace of mind: Having funeral insurance offers peace of mind, knowing that your loved ones will be financially supported in your absence.

• Flexibility: The death benefit can be used in various ways by your beneficiaries, such as settling debts or covering final expenses.

• Tax-free benefits: The death benefit is often received tax-free by your beneficiaries, providing them with a significant financial resource.

• Affordable premiums: Burial insurance typically offers affordable and predictable premiums, unlike traditional life insurance policies.

• No health questions: Many burial insurance policies do not require health-related questions or medical exams, making it easy to get a quote and purchase coverage quickly.

• Coverage despite health issues: Even if you have pre-existing health conditions, you can still qualify for burial insurance.

Burial Insurance Underwriting for seniors over 70

You may find peace of mind with these life insurance offerings, as they cater to a wide range of significant health concerns and offer coverage to nearly all applicants.

How is this achievable?

With numerous final expense providers in the market and their competitive pricing, customers can discover affordable life insurance policies.

Each life insurance provider follows a unique underwriting process. While some may reject certain health conditions, others may accept them.

Many individuals find it easy to secure pre-approval from a company dedicated to covering expenses related to their conditions. For example, most final expense life insurance firms accept all of our clients' previous health conditions, enabling 90% of them to receive full coverage from day one.

As long as you have no history of chronic or life-threatening illnesses, you should be able to qualify for a health plan that meets your current needs.

We can help you identify which insurance providers will accept all of your health conditions. Just give us a call, and once we have the necessary information, we'll provide you with the details.

How to Find the Best Burial Policy Insurance for Seniors Over 70?

If you're seeking final expense insurance, reach out to us. At BestBurialPolicy.com, our team of Final Expense Insurance Specialists is ready to assist you.

With access to A+ rated burial insurance providers, we can help you select the most cost-effective plan that meets your requirements. Our insurance professionals will provide you with detailed policy information, along with some unique benefits uncommon in this type of insurance.

Our experts are friendly, transparent, and approachable, having helped numerous individuals navigate challenging situations. We're confident we can help you too.

Our goal is to provide everyone with the best funeral or final expense insurance available. During these difficult times, we believe everyone deserves the utmost care and attention.

Final Thought

It's crucial, especially for those over 70, to plan for future funeral services. Burial insurance offers a solution to cover expenses, ranging from basic funeral and burial costs to comprehensive services.

For individuals aged 70 and above, selecting a suitable last expense insurance plan is essential. A reliable plan ensures your funeral proceeds according to your wishes, alleviating the financial burden on your family.

To obtain the most precise life insurance quote at affordable rates, consulting with an expert is key. Reach out to us at (855) 468-8900, and we'll be happy to guide you through the process.