Burial Insurance for Parents Ultimate Guide and Pricing

Having reliable burial insurance for parents coverage is a necessity because that inevitable day comes for all of us. When it does your family members will be left with handling the expenses.

This type of coverage will provide them with the benefits they need so they are not stuck having to launch a GoFundMe campaign or ask around for money. It will help them make sure your final wishes are met and you are treated with dignity.

This article will provide you with plenty of information about this coverage.

Burial expenses along with your final expenses present a big financial burden for your next of kin when you pass away. Unresolved medical bills, funeral costing, and even unpaid car loans all play a factor! Picking your beneficiary is also important, who will be the person to handle your funeral?

This often falls on the children, creating what we call the insurable interest in the children. This is why here at ParamountQuote we are dedicated to helping our clients find the absolute best burial insurance company.

Funeral homes and national funeral directors are not exactly known for waiting around for their money. They typically want their money upfront for a burial.

The best part about these plans is approval can be done in minutes not weeks! A few basic health questions, an affordable rate, and an E-signature or Voice signatures and you now have the perfect insurance plan to provide your family with the peace of mind they deserve!

Keep in mind that burial insurance is life insurance for final expenses also known as final expense insurance also known as life insurance for seniors just different marketing terms to learn more about what is a burial insurance policy you can read our article here. Out of the types of life insurance, it is a whole life policy.

We assist clients in all 50 states by connecting them to the best life insurance company to purchase burial insurance. If you are in very poor health the best part is with a guaranteed issue policy acceptance is guaranteed!

Related Articles to some states we service:

Arkansas

Alabama

Texas

Kentucky

Can I Buy a Burial Insurance for my Parents?

Yes, you absolutely can! In fact, many of our clients go this route for their parents. Now the process would go as follows:

  1. Have your parent with you at the time of the application for a voice signature.
  2. Answer a few basic health questions.
  3. You apply your voice signature to be your parent’s payor.

At that point, the carrier would let you, your parent, and our agent know if it is instant approval and with our highly trained agents it should be!

Quick Tip: To get started fill out the form to your right.

Burial Insurance for Parents Example Quotes

ParamountQuote Example Quotes Ages 50-85 
AgeMale $10,000 Coverage Monthly RateFemale $10,000 Coverage Monthly Rate
50$29.16$24.67
51$30.30$25.45
52$31.12$25.88
53$32.20$26.62
54$33.61$27.47
55$35.09$28.40
56$36.45$29.27
57$37.91$30.06
58$39.27$30.83
59$40.82$31.70
60$42.76$32.87
61$45.38$34.51
62$47.90$36.06
63$50.52$37.72
64$53.14$39.36
65$55.76$41.01
66$59.35$43.44
67$62.93$45.86
68$66.53$48.29
69$70.11$50.81
70$73.70$53.24
71$78.36$56.63
72$82.92$60.12
73$88.01$63.93
74$93.16$67.78
75$99.53$72.41
76$106.87$78.25
77$113.64$83.51
78$119.86$88.44
79$126.23$93.41
80$132.65$98.43
81$143.00$106.21
82$153.54$113.96
83$163.41$121.31
84$173.28$128.55
85$183.15$135.90

Burial Insurance for Parents over 50

These plans are designed specifically for seniors, if you are over 50 this is a prime time to purchase your coverage! Your rates would be extremely low.

We have had clients get approved for $20,000 coverage for only $45 monthly in some cases! Also at your age, the policy would begin to build cash value that you could borrow against if you ever need to!

We tell clients all the time whether it is life insurance for parents over 50 or life insurance for parents over 55 it will be extremely affordable in most cases.

Burial Insurance for Parents over 60

The same applies even in your sixties!

life insurance for parents over 65 is still very affordable in most cases we have helped clients get policies for $20,000 for only $60 in some cases.

There are more factors that determine the total price of the coverage such as lifestyle, exact age, geographical location, etc. In most cases, it still affordable.

We have had clients ask us.

“What is the best life insurance for parents over 60?”

The answer is there is no best policy or best company, the real question is what is the best policy for YOU or YOUR parent? This is why we custom tailor a policy to fit your specific needs.

For example:

If you want a nice service for burial that costs upwards of $15,000 and to leave behind extra money for your family as an inheritance gift we would custom tailer a $20,000 policy for you.

So whatever your vision is for your family speak with us and we will help you achieve it.

Best Burial Insurance Companies for Parents

The best life insurance companies to take care of your parent’s funeral expenses are as follows:

All of these companies provide the right amount of coverage and underwriting niches to ensure all types of burial are covered.

To see a burial insurance quote for parents with these companies fill out the form to your right.

Burial insurance for Parents over 80

If you are wondering if you can get coverage at age 80 the short answer is yes you can!

To know more about coverage for 80 check out our article here.

Even at age 80 coverage is still available! As we also stated before acceptance is guaranteed, we know as we move up in age our health conditions can drop therefore as we get older the necessity to secure affordable coverage becomes more real.

Whether it is level day one coverage or a guaranteed issue policy with limited 2-year coverage making sure you have something in place for your family is the end goal.

We specialize in helping clients with a variety of health issues get day one coverage in most cases.

American Amicable Best Burial Insurance for Parents Rates

American Amicable Burial Insurance Rates   
Age$10,000 Coverage Male Non Tobacco Monthly Rate$10,000 Coverage Male Tobacco Monthly Rate$10,000 Female Non Tobacco Monthly Rate$10,000 Female Tobacco Monthly Rate
50$31.64$40.59$26.6631.28
55$40.03$50.00$33.69$38.62
60$47.05$60.56$38.26$45.77
65$59.74$76.06$47.05$57.70
70$78.79$98.31$60.38$72.18
75$108.01$132.48$81.73$94.42
80$155.82181.75$113.68$135.19
85$221.31$257.57$166.02$210.43

Can I get Burial Insurance on my Parents without them Knowing?

The short answer would be no.

We get questions all the time from our clients like this they ask:

“Can we get them approved if I answer the questions?”

“Can you buy life insurance on a parent without their consent?”

The reason this cannot be done is that the applicant must answer health questions and the carrier will cross-reference their Medical Information Bureau health report and prescription checks with the actual questions being answered.

There are no medical exams but a carrier will underwrite the application with a simplified underwriting process to make sure the client is in the acceptable health status for insurability.

You can be their third-party payor for their policy but they must be present with you for underwriting and the e-signature process.

Can I Buy Burial Insurance for my Parents from an Agency?

Yes, you can purchase burial insurance for your parents and other family members through an agency like ours. As long as there is an insurable interest you can work with one of our agents and shop life insurance companies for your parents.

As long as the carrier terms insurable for your parents and you have a good idea of their health issues and know roughly the cost of a funeral for them. This will help you in selecting the right life insurance plan with the amount of death benefit to take care of any financial loss due to their funeral and you have to pay for it.

Buying life insurance for when your parents pass is a very responsible thing to do and will guarantee you peace of mind not having to owe money to the funeral home. This will eliminate any financial burden for you when their time comes.

Now if you have an accurate idea of their health history and can help answer health questions pertaining to them. You should apply to purchase life insurance by filling out our quote form to your right.

After that, you will be connected with one of our agents and they will walk you through the types of life insurance and whether or not your parents qualify for day one coverage or a waiting period.

Related Post’s

Burial Insurance Ohio Ultimate Guide 2022(Opens in a new browser tab)

Burial Insurance for Type 1 Diabetics(Opens in a new browser tab)

Burial Insurance no Health Questions 2021 The Truth(Opens in a new browser tab)

Cremation Insurance for Seniors 2022 Guide(Opens in a new browser tab)