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For the Magnolia State finding, burial insurance can be done in minutes. There are plenty of companies in your state that offer excellent coverage in this guide we will go over how to obtain them and much more!
For more information on what is this type of insurance, you can read our article here.
You can also view some of our other state guides here:
Burial insurance in Mississippi is simply a life insurance plan it goes by several marketing names such as final expense life insurance, final expense insurance, and funeral insurance. It is Whole Life insurance designed for end-of-life expenses meaning burial expense’s extra debts or bills left behind for your family to take care of.
At the time of your passing, your family is going to have to come up with the money to pay the funeral home. These expenses can average nationally anywhere between $8,000 to $12,000 or more! This is where so many family’s wind up in debt trying to take care of their loved one’s funeral and make sure they get treated with dignity.
Even cremation, known for being cheaper averages nationally between $3,000 to $5,000 which most American families do not have laying around the house.
Best Life insurance Companies in Mississippi
When it comes to the best burial insurance company what really matters is what is the best company for you?
Your unique needs and health profile will determine what the best company is for you and your rates. This is not a “one size fits all situation.” we do NOT just put all of our clients into a guaranteed issue policy with a waiting period and send them on their way.
Finding the best plan for you varies depending on what your goals are for your family, Your current health conditions if any, and your age.
You can also read some of our guides here for seniors 70 & 80 years of age.
When you speak to one of our highly trained agents they will take their time with you and identify your needs and qualify you for the absolute best coverage available.
Here are The Top A-rated Burial Insurance in Mississippi :
- Greek Catholic Union
- Liberty Bankers Life
- Mutual of Omaha
- Royal Neighbors of America
- American Ammicable
- Prosperity Life
- Guarantee Trust Life
- Great Western
The companies listed offer the best burial insurance with no waiting period. This is the best life insurance in Mississippi available. You can also see a burial insurance quote in Mississippi by filling out or quote form to the right.
Lincoln Heritage and State Farm Final expense are not companies we work with nor do we recommend for various reasons.
Mississippi Life Expectancy
Mississippi residents on average live to be about 75 years old. Now as you get older you will be looking at higher premiums this is why it is essential to get life insurance coverage from an insurance agency like ours to protect your loved ones.
The older you get the bigger of a chance you have of being classified as a high risk case because you are getting closer to death. Term life insurance is also not a good option when you are higher in age because it gets harder to qualify. This is why whole life is your best option when purchasing life insurance.
Your rate will lock in and never increase on you the moment you get approved for coverage as long as premiums remain paid. Our agency is an online insurance marketplace so all you have to do is fill out the form to your right see life insurance quotes, pick your plan and our agents get you enrolled it is that easy.
Burial Insurance Consumers Should Avoid
|What to Avoid||Reason|
|Term life Insurance||Premiums increase after 5 years. Coverage ends after 80. Term Terminates|
|Pre-paid funeral plans||Expensive & Do not Travel with you if Death Occurs outside of State|
|Universal life insurance||Tied with stocks used more for Inevstments|
|No health questions Asked policies||With 2-year waiting period & more Expensive|
|Plans offering "gimmick rates"||$9.95 per unit plans or $1 buys $100,000 coverage|
|Over priced plans||Insurance from TV and Spam mail with false advertising|
|Plans that accept mail-in payments||High Risk of Payment Failure & Policy Lapse|
|Plans that accept Direct Express||High Chance of Lapse due to missed Payment|
|Plans that accept Credit Cards||High Chance of Lapse due to missed Payment|
Burial Insurance That is Best
|PARAMOUNTQUOTE PLAN BENEFITS||INCLUDES|
|Day One Coverage||YES|
|Rates NEVER Go up||YES|
|Policy Coverage NEVER Decreases||YES|
|Easy Underwriting & Approval||YES|
|No Medical Exams Required||YES|
|Same Day Instant Approval||YES|
|Death Claims Pay Quickly||YES|
|Builds cash value over time||YES|
|Coverage Up To Age 85||YES|
The Average cost of a Funeral in Mississippi
According to worldpopulationreview a funeral cost can be $6,684 with a total cost of $18,509!
Thank God this coverage exists, no one family should EVER have to handle bills that large. This is a burden many families face on a daily basis.
Imagine this bill falling in your family’s lap while grieving you at the same time! Very unpleasant.
Insurable Health Conditions
Above all, many seniors think that because they have health conditions they cannot obtain coverage. This is not the case!
These are simplified issue plans for burial insurance in Mississippi meaning there is no medical exam just a few health questions and coverage is approved in minutes not days!
We pride ourselves on our expert-level training, we know exactly how these companies work and specialize in helping you get day one coverage in most cases.
We have helped clients get coverage for health conditions such as:
It’s not about just having these conditions the carriers understand that it is about how mild are they and how are they being treated?
When our agents speak with you they will ask these types of questions to get you the right company.
What is a Burial Society Policy?
A burial society policy is a form of funeral assistance we do not recommend. It is basically a savings account you must contribute to every month to save money for the burial expenses with a community the funds are considered a “pot”.
It does not compare to burial insurance in Mississippi policies.
This puts your family members at risk because simply put… What if you die tomorrow?
If you die tomorrow your family will receive no death benefit from any kind of final expense life insurance because you did not have any. If you have any outstanding bills like medical bills, debt balances, car payments, etc. A funeral society policy will not help with that.
Furthermore, If you die outside of where the funeral home is or the funeral home shuts down this makes it very difficult to cover the burial.
Burial insurance offers a quick payout for the death benefits upon receiving death certificates from your named beneficiary. This means it covers the cost quickly and provides your family with the peace of mind they deserve.
Burial Insurance Policy Riders
In addition to the products and services, funeral insurance companies offer there are additional riders depending on the type of coverage and carrier you choose.
- Accelerated Living Benefits – This rider means not only does your policy cover the funeral costs but it will also allow you to take from the face amount early to pay for things you may need if you are diagnosed as terminally ill.
With this rider, you can do things such as prepaying the funeral expenses early paying for experimental medical treatments normal health insurance may not cover, etc.
- Accidental Death Benefit – This rider can offer additional coverage from your policy if you die in an accident this can usually double the face amount.
Government Burial Insurance
There is no government burial insurance. Now there is government assistance for families affected by COVID – 19 according to fema.gov for burial.
But if you are looking for the government to pay all of your funeral expenses of $10,000 or more there is nothing offered that will cover that whole bill.
This is why picking a good life insurance company is crucial to protecting your family from the burden of your final expenses. Insurance covers everything related to your funeral depending on the policy you pick and insurance type.
This pays out to your beneficiary, not some funeral home that could go out of business so they can take care of your final wishes.
It provides a very quick payout within 24 – 48 hours no matter how much you have paid into it or how long you have had it. So It is the perfect solution to covering your burial.
Is there Free Burial Insurance?
No there is no free burial insurance in Mississippi. However, the rates are very affordable depending on your age health, and lifestyle, and our agents are trained to find you the best coverage at the best rate available.
Fill out the form to your right to see pricing and speak with one of our agents.
Why Work with an Independent Agency?
Working with an independent agency like ours means we are not restricted to any one product or company. We represent and have contracts with top A-rated carriers in MS to secure you the best rate and best policy for your unique profile.
That means We are not bound by state lines we don’t work for the insurance companies we work for you! We pride ourselves in our agents becoming your personal advisors for life!
Working with a non-independent agency means they typically are limited to 3 maybe 4 companies therefore they will not find the best rate. They are typically limited to state lines so when it comes to assisting your family members with getting the coverage they simply won’t be there.
Is burial insurance the same product as funeral insurance?
Yes they are both life insurance
Is there a waiting period for burial insurance?
It depends on the health status if you are in extremely poor health then yes there can be a waiting period.
Why Choose ParamountQuote?
- Our agency is national and independent. With all of our top major carriers, we guarantee the best rate and coverage!
- We specialize in burial insurance and top underwriting placement.
- You get our agents as your personal agents for life! They are on call any time you have a question or need service with your policy.