Quick Tip: To see instant insurance quotes fill out the form to the right
With burial expenses on the rise securing sufficient burial insurance in Arkansas for seniors is a top priority.
Inflation is inevitable and this goes for burial and cremation as well luckily securing affordable coverage is in reach. The key is to work with the right company to assist you in securing it.
This is called deferring to the experts which is what we do every day.
For burial insurance, it is the exact same. In this guide, we will go over companies available in your state as well as other vital information available in this guide.
Best Life Insurance Companies in Arkansas
If you are unfamiliar with burial insurance in Arkansas and life insurance being the same thing just with different marketing names you can check out our complete guide here What is a Burial Insurance Policy Ultimate Guide 2021
Our best insurance carriers in Arkansas would be:
- American Amicable
Mutual of Omaha
- Liberty Bankers Life
- Guarantee Trust Life
- American General
These carriers are the best at providing optimal coverage with a quick payout of the death benefit. So your family doesn’t have to struggle with any debts or argue with funeral homes wind up with any unpaid medical bills or other unforeseen issues.
The companies listed above provide the best final expense insurance Arkansas.
They are the top burial insurance companies to date.
The last thing anyone wants is their family trying to negotiate with a funeral director, it’s almost like negotiating with the mafia! Here at our agency, we understand this in fact we have had families go through these types of things.
Burial expenses, funeral services you name it. We understand and we care!
Securing a quick death benefit for your family is the main goal so there is no big financial burden. By working with one of our agents you can have coverage in minutes with one of these top A-rated carriers.
Getting the best policy is all about you and your unique needs.
To see a fast quote & burial insurance rates fill out the box to your right.
Free Look Period In AR
Arkansas has a 10-day free look period with any life insurance policy you purchase. If within 10 days you decide you do not want the policy you can cancel it and receive a full refund on your first premium paid.
Final Expense Life Insurance
A final expense like its burial insurance counterpart is a marketing term for whole life insurance.
These marketing terms express the actual need for the coverage and what it is intended for. Other terms would be burial expense insurance for Arkansas.
Whole life insurance is permanent life insurance with a face amount typically between $1000-$40000 designed to cover the end of life expenses like funeral services. Funeral homes can even be named as beneficiaries on most policies.
Your typical funeral director would receive the cash pay-out for these policies when the carrier pays your loved ones the death benefit. Resulting in peace of mind and the burden being lifted from your family.
The best part about these policies is no one can be denied regardless of health. Our agents are highly trained to do their best to get you day one coverage on approval!
We specialize in providing the best burial policy for seniors in Arkansas.
American Amicable Best Burial Insurance Company Arkansas 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|
Funeral Services costs in Arkansas
According to worldpopulationreview.com
The average cost of a funeral in Arkansas is between $7,000 to $9,000!
This means when your time comes the funeral director will be asking your family for these funds. Not very many people have this kind of money just laying around and funeral homes are not exactly known sitting around waiting for their money.
According to bankrate.com
A 2017 study showed that 73 % of consumers had outstanding debt at the time of their passing!
There are families on a daily basis falling into debt because of these circumstances.
One word, “security” is what life insurance plans provide.
Leading Cause of Death
|Ranking||Death Cause||Death Total|
|3||Respiratory (COPD & Emphysema||2,090|
Best Life Insurance Plans for Moderate Health
The best burial life insurance plan levels include:
- Level – Day one Coverage
- Standard – Day one coverage
- Preferred – Day one coverage
- Modified – Limited coverage typically a return of premium plus 10%
We find level day one coverage for clients with:
- Mental Health Issues
Just to name a few.
Guaranteed Issue Plans
Now the best thing about the guaranteed issue policies is no one can be denied regardless of health!
These policies typically have a 2-year waiting period but offer instant same-day approval. After the 2 year mark, your family will receive benefits.
With no medical exam or health, questions asked these policies are ideal for clients in extremely poor health. This is just 1 of the options for burial insurance in Arkansas.
Prepaid Funeral Services Not a Good Idea
There are a lot of problems with prepaid funeral plans. Compared to burial insurance in Arkansas.
Unlike burial insurance which pays a lump sum death benefit no matter where you die in the world. If you are relying on a prepaid burial with your local funeral home to take care of the funeral costs when you die this can be problematic.
First and foremost, if you die outside of the state where you set up your prepaid burial this can make the process of paying for your funeral difficult it could take weeks or months for the funeral home in the state you originally set up the prepaid burial to transfer any money to the new funeral home that is handling your burial.
Family Scrambling to Take out Loans
Furthermore, this means your family is going into their bank accounts to get the money together to get your funeral arrangements taken care of. We have talked with many of our clients that have or had a family member go through this scenario.
They had no peace of mind going through this experience.
It’s not a bad thing to make sure you have things done ahead of time. Pre-planning is important but it is important to pre-plan correctly this is why final expense insurance is the best way to plan for making sure you’re family is protected from your funeral expenses.
With prepaid burials, there are hidden fees that come up later on that were not taken into account. These hidden fees oftentimes make the prepaid burial not even able to cover the median cost of the service.
We have talked with clients that had family members name them as an irrevocable trust and while they did get the money it was still not enough to actually cover the funeral.
Above all, Things like Totten trusts and other methods of leaving money behind should be an inheritance for your family to enjoy not to spend on a funeral. Those types of trusts or a payable on death account for them should help serve as income replacement.
Life Insurance The Best Option
The best option to take care of your final wishes and protect your family is life insurance.
A life insurance company offers a wide range of goods and services. They offer additional coverage through accident death riders.
Other riders include:
- Accelerated Living Benefits
- Waiver of Premium Rider
- Grandchild Rider
Not only does life insurance offer additional benefits while a person is alive but they are also bound by state laws and have long-standing reputations to uphold to serve their clients.
If you die tomorrow the very first money your family will see will be from your life insurance carrier.
Who Has the Best Final Expense Insurance?
We have already listed the top carriers we recommend when it comes to the best burial insurance for seniors in Arkansas.
The truth is there is no single best company. They all have niches that make them the best for specific people.
When it comes to the best final expense and burial insurance for people with a heart attack from 2 years ago. Prosperity life would be a great fit for potential day one coverage.
Now if you have COPD from over 2 years ago Prosperity Life is not a great fit for you but our agents know which carrier would be in that case. This is why working with an agency like ours is crucial.
Our agent’s top-level training enables them to really isolate a carrier that can offer you day one coverage in most cases. If your health is just too severe for day one coverage then they will find you the best-guaranteed issue policy.
To see burial insurance quotes and speak with one of our agents fill out the form to your right.