Blog - Paramount Quote

Does Burial Insurance Work out of State? Yes! Here’s How

Yes burial insurance(final expense insurance, funeral insurance, cremation insurance etc.) fully works out of state. Final expense insurance(simplified issue whole life insurance & guaranteed issue whole life insurance) covers you out of state because the policy pays out a cash lump-sum death benefit meaning you can use this money anywhere in the U.S. As long…

Can I Buy Final Expense Insurance for a Parent in Another State?

Yes you can buy final expense insurance for a parent in another state by doing a three way call with your parent, your self and an independent insurance broker for a remote application as long as there is insurable interest. The broker(like us) must be licensed in state of the insured at the time of…

Does Social Security Pay a Burial Death Benefit?(The Truth)

Yes Social Security does pay a death benefit for a burial but it is only a $255 one time payment paid to your surviving spouse or dependan’t children under 18. This is not enough to cover your average funeral today which costs typically 7,000 – $10,000(traditional burial) or $4,000 – $7,000(cremation). We will further explain…

Final Expense Policy Face Value Limits by Age(What You Need to Know)

Some top tier final expense carriers will offer between $2,000 – $50,000 final expense policy face value limits for ages 45 – 85 years old. Now yes different burial insurance carriers will have different age caps for their maximum amounts of coverage. In addition to this your health also can affect how much maximum coverage…

Can a Felon Get Final Expense Insurance? Yes! Here’s Why

Yes a felon can get final expense insurance. The timeline, probation or parole status of your previous felony determines if you may eligible for a level or graded death benefit plan. It is crucial to work with an independent broker like us to shop the market to see your potential for obtaining day one coverage.…

U.S. Cremation vs. Burial Statistics: What Percentage of Funerals Are Cremations?

If you are wondering what percentage of funerals are cremations, the latest data tells us that cremation has now become the preferred method of final disposition in the United States, surpassing traditional burial by a huge margin. The data below shows how this trend has taken over the United States. U.S. Cremation vs. Burial Rate…

Burial Insurance in Nashville TN: Costs & Eligibility Local Guide

Burial Insurance in Nashville TN(final expense insurance, cremation insurance, funeral insurance etc.) is a small simplified issue whole life insurance policy or guaranteed issue policy(policy amounts between $5,000 – $40,000 in most cases depending on carrier & policy type) designed to cover your end of life expenses(funeral services, cremation services, medical debts etc.) by providing…

Can You Have Two Final Expense Policies? Yes! Here’s Why

Yes you can have two or more final expense policies from different life insurance companies or the same company(provided you don’t exceed their life insurance maximum coverage amount) with different named beneficiaries nationwide(all states states allow more than one burial insurance policy). It is very common for people to wonder if they can have more…

How Does a 2 Year Waiting Period Work for Burial Insurance?

The way a 2 year waiting period for burial insurance(final expense life insurance, cremation insurance, funeral insurance etc.) works is by paying a return of premium policy payout(premiums paid into the plan refunded to the beneficiary plus 10% interest on the total) if the insured dies within the first 2 years of the policy being…

Burial Insurance in Chattanooga TN: Complete Senior Guide

Burial Insurance in Chattanooga TN(simplified issue whole life insurance, final expense life insurance, cremation insurance, funeral insurance etc.) covers your end of life expenses(funerals & outstanding debts) by providing a fast cash policy payout for the beneficiary of your choosing to cover your end of life costs. When looking for the cheapest rates for final…