It’s been said there are two things you want to avoid in life, cheap life insurance, and cheap toilet paper (we do apologize for that visual!) When looking for cheap burial insurance, you do need to be careful. Funeral Funds can show you how to find cheap burial insurance the right way!
Here’s the deal
There are some sketchy life insurance companies out there offering different types of burial insurance, with inadequate financial reserves and dubious long-term sustainability. Although these companies offer cheap burial insurance and cheap funeral insurance, you need to purchase a policy through a reputable company that will be around for the long haul.
The key here is to find an affordable burial insurance policy through a reputable A-Rated insurance company. The best way to find a cheap burial insurance policy is to price shop through multiple companies before making any decision.
You must use a reputable agent with access to at least 20 different final expense companies. This will ensure you get the most affordable final expense policy for your age and health.
FOR EASIER NAVIGATION
What kind of burial policies should I avoid?
TV AND MAGAZINE ADVERTISEMENTS – Most burial policies or final expense life insurance no exam policies you see advertised on television or in magazines are sold as “the no-brainer way” to shop for this protection.
In reality, most of these policies rely on you having NO BRAIN to purchase them.
Just about everyone is eligible for immediate coverage and better pricing allowed by these heavily advertised policies that cost an arm and leg.
To make a long story short, it is better to shop with a specialist in burial insurance, like FuneralFunds.com, than to sign up with a company that spends ba-zillions of dollars each month advertising on television and in magazines.
INCREASING PRICE POLICIES – Those TV and magazine final expense policies may increase in price every five years or have a two-year waiting period before your benefits kick in! What in tarnation!?!
These policies aren’t all they’re cracked up to be, and you often end up at the short end of the stick by purchasing burial insurance this way.
These tricky television magazine snake oil salesmen lure you in with an attractive rate, only to have the cost of your insurance increase every five years until you cannot afford the premiums, then you must cancel your policy and ask is burial insurance worth it?
What happens after you cancel the policy? You’ll die and will have wasted all that money because you bought a policy that increases in price as you get older. These policies just don’t cut the mustard for most folks!
Avoid policies that increase in price every year or end at a certain age. You don’t want your family to get hung out to dry when they need this coverage the most.
Here’s how not to get snookered
Avoid those misleading television, magazine advertisements, and senior magazines. The best plan of attack is to avoid insurance companies where you can sign up directly over the phone or the Internet.
The pricing for these policies is always more expensive than if you were to shop through specialized funeral insurance, cremation insurance, or final expense insurance agency, like Funeral Funds.
Depending on your age and health, you may overpay by 35% to 370% by purchasing your burial insurance directly from a TV ad or magazine.
The cheapest burial insurance with no waiting period for elderly folks is sold through licensed and registered agencies, like Funeral Funds.
When shopping around for cheap burial insurance for yourself, or funeral insurance for parents, an independent agency will always get you the best-priced funeral policy.
Others only sell one product, and it’s more expensive.
Those TV and magazine burial companies only sell one product. Because of this, you may get the short end of the stick on pricing. You also have to wait two years before your insurance coverage begins.
A respectable and quality independent agency will work with many different insurance companies (we work with 20+ insurance companies) to get you the best pricing and coverage.
We have no obligation to use any particular insurance company. Our only criteria are to find you the quality insurance company that will be around when you need them the most and get you the cheapest burial insurance pricing possible.
Think narrow, not wide
You need to hold your horses if you think any general life insurance agent is your best choice when purchasing senior life insurance no waiting period. Specialists like Funeral Funds in burial insurance are always better than general life insurance agents when shopping for burial insurance (if you want the best pricing and no waiting period).
Here’s what to avoid when shopping for the best burial insurance policy:
- Generalists – avoid life insurance agents that sell every life insurance product available. You need a specialist who understands final expense underwriting to get the best pricing.
- Newbies – avoid agents who are new to the insurance industry. These “greenhorns” often sell only one or two insurance products that are expensive with unforgiving underwriting (that will get you denied).
- Television Advertisements & Magazine Advertisements – we’ve already talked about how they’re not all they are cracked up to be. Don’t jump the gun and purchase one of these expensive policies that will force you to wait two years before the coverage begins.
- Lone Wolves – these are “captive” insurance company agents that work for a single company and sell a single final expense product. If you have any health problems, you’ll often get denied for burial insurance through these companies.
- Getting Denied – going with an inexperienced, newbie, or lone wolf agent will often result in a declined or denied burial policy if you have any health problems (they will also be more expensive). Having a recent decline in your life insurance records rules you out of many of the best insurance companies.
Don’t let an inexperienced agent get you declined, as this will limit your options in the future and increase any future pricing as a result of your denied funeral policy.
Give me the skinny on the best burial insurance.
Here are the best features of burial policies:
- Your premiums will NEVER INCREASE.
- Your coverage amount will NEVER DECREASE.
- Easy qualification even if you are sick or old.
- Your policy will NEVER END (until you die).
- Your family is guaranteed to get a check to cover your burial expenses when you die.
Everyone regrets not having a burial policy in place when a loved one dies!
Hindsight is 20/20, but it’s not as if you knew you weren’t going to die someday. Your guess is as good as mine when you will die, but you don’t have to be the sharpest tool in the shed to know that, someday, you will punch your time clock for the last time.
Let us help you knock it out of the park and get you the best-priced burial policy that won’t cost you an arm and a leg (not just the cheapest burial policy).
How can Funeral Funds help me?
We are specialists, and we are dedicated to doing one thing unbelievably well…final expense insurance and burial insurance. We are committed to being the leading expert in the industry when it comes to final expense insurance and helping folks like you get the best pricing available.
Most insurance agents don’t cut the mustard when it comes to getting you the most affordable coverage. Getting affordable burial insurance doesn’t have to cost an arm and a leg.
Our job at Funeral Funds is to be the most knowledgeable burial insurance experts available. By doing so, we can knock it out of the park and get you the most accurate quote and affordable rates.
Everyone is different, everyone is unique, and final expense insurance underwriting is complicated and confusing to many. Because this is all we do, we are amazing at it.
Once we know more about your age and health history, we can accurately give you burial insurance quotes from the final expense companies that are the best fit for you.
The reality is that most inexperienced and less knowledgeable insurance agents just don’t cut the mustard and will cost you loads of money by selling you more expensive policies.
It is always in your best interest to work with an independent brokerage, such as Funeral Funds. With access to all the best final expense insurance companies, we will help you understand your best options, given your current age, health, and financial situation. Because this is all we do, we are amazing at it.