Burial Insurance Arkansas Complete Guide 2023
Posted in Burial Insurance by State last updated on September 3, 2023With burial expenses on the rise securing sufficient burial insurance in Arkansas is a top priority. A burial policy for seniors is important to think about.
Inflation is inevitable and this goes for burial and cremation for seniors as well luckily securing affordable coverage is in reach. The key is to work with the right company to assist you in securing it.
Especially if you are age 60, 70, and 80.
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.
Table of contents
- Understanding Final Expense Life Insurance
- Burial Insurance Arkansas Costs for Age’s 19 – 91
- Best Life Insurance Companies in Arkansas
- Free Look Period In AR
- Funeral Services costs in Arkansas
- How to Get Burial Insurance in Arkansas
- Best Life Insurance Plans for Moderate Health
- Guaranteed Issue Plans
- Prepaid Funeral Services Not a Good Idea
- Who Has the Best Final Expense Insurance?
Understanding Final Expense Life Insurance
A final expense like its burial insurance(cremation & funeral insurance) counterpart is a marketing term for simplified issue 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-$50000 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.
You are going to see sample quotes for burial insurance Arkansas pulled straight from our quoter. We can cover all of these age groups for burial insurance in Arkansas, we even provide final expense insurance for young adults. If you are looking for funeral insurance in Arkansas work with us to get coverage with the available companies listed.
Burial Insurance Arkansas Costs for Age’s 19 – 91
| Age | $10,000 Male Non Smoker Sample Quotes | $10,000 Male Smoker Sample Quotes | $10,000 Female Non Smoker Sample Quotes | $10,000 Female Smoker Sample Quotes |
|---|---|---|---|---|
| 19 | $12.87 | $16.59 | $12.03 | $13.74 |
| 20 | $13.19 | $17.02 | $12.13 | $15.40 |
| 21 | $13.50 | $17.46 | $12.74 | $17.02 |
| 22 | $14.17 | $18.18 | $13.06 | $17.05 |
| 23 | $14.54 | $18.51 | $13.77 | $17.08 |
| 24 | $15.43 | $19.19 | $15.16 | $17.10 |
| 25 | $15.95 | $20.00 | $15.28 | $17.39 |
| 26 | $16.28 | $20.83 | $15.40 | $17.69 |
| 27 | $16.61 | $21.75 | $15.51 | $17.95 |
| 28 | $16.92 | $22.15 | $15.61 | $18.22 |
| 29 | $17.25 | $22.54 | $15.73 | $18.48 |
| 30 | $17.57 | $23.07 | $16.09 | $19.06 |
| 31 | $17.97 | $23.60 | $16.45 | $19.66 |
| 32 | $19.84 | $24.25 | $16.79 | $20.21 |
| 33 | $20.34 | $25.00 | $17.12 | $20.75 |
| 34 | $20.93 | $25.83 | $17.45 | $21.28 |
| 35 | $21.53 | $26.59 | $17.99 | $21.89 |
| 36 | $22.14 | $27.37 | $18.54 | $22.50 |
| 37 | $22.84 | $28.18 | $19.06 | $23.08 |
| 38 | $23.54 | $29.08 | $19.55 | $23.62 |
| 39 | $24.34 | $29.87 | $20.05 | $24.18 |
| 40 | $23.13 | $30.66 | $20.70 | $24.98 |
| 41 | $23.62 | $31.43 | $19.75 | $25.80 |
| 42 | $24.11 | $32.21 | $19.93 | $26.57 |
| 43 | $24.64 | $32.93 | $20.10 | $27.30 |
| 44 | $25.18 | $33.41 | $20.38 | $28.03 |
| 45 | $25.79 | $34.00 | $20.88 | $28.80 |
| 46 | $26.43 | $34.57 | $21.43 | $29.55 |
| 47 | $27.10 | $35.17 | $22.01 | $28.06 |
| 48 | $27.71 | $35.58 | $22.33 | $28.56 |
| 49 | $27.35 | $38.27 | $21.78 | $29.22 |
| 50 | $28.29 | $39.47 | $23.56 | $30.14 |
| 51 | $29.26 | $40.77 | $24.48 | $31.06 |
| 52 | $30.31 | $42.22 | $25.09 | $32.72 |
| 53 | $31.47 | $43.83 | $25.62 | $34.54 |
| 54 | $32.77 | $45.44 | $26.26 | $38.99 |
| 55 | $34.25 | $48.12 | $27.11 | $40.85 |
| 56 | $35.88 | $52.06 | $28.20 | $42.71 |
| 57 | $37.69 | $54.25 | $29.51 | $42.30 |
| 58 | $39.64 | $56.72 | $31.70 | $43.61 |
| 59 | $40.10 | $55.60 | $31.00 | $44.50 |
| 60 | $41.84 | $56.72 | $31.70 | $43.61 |
| 61 | $43.76 | $59.64 | $32.87 | $45.19 |
| 62 | $46.41 | $63.28 | $34.51 | $47.48 |
| 63 | $49.07 | $67.72 | $36.06 | $49.78 |
| 64 | $51.22 | $69.53 | $37.72 | $52.07 |
| 65 | $53.58 | $72.72 | $39.36 | $54.36 |
| 66 | $56.48 | $76.06 | $41.01 | $56.66 |
| 67 | $59.85 | $80.53 | $43.44 | $60.22 |
| 68 | $63.18 | $84.67 | $45.86 | $63.60 |
| 69 | $66.84 | $89.65 | $48.29 | $66.09 |
| 70 | $70.79 | $94.64 | $50.81 | $70.45 |
| 71 | $73.15 | $98.31 | $53.24 | $72.18 |
| 72 | $78.81 | $103.97 | $56.20 | $75.86 |
| 73 | $83.99 | $109.94 | $58.46 | $79.74 |
| 74 | $89.46 | $116.69 | $63.55 | $84.14 |
| 75 | $94.87 | $123.65 | $67.78 | $88.66 |
| 76 | $99.97 | $132.48 | $72.41 | $94.42 |
| 77 | $107.04 | $141.32 | $78.25 | $101.63 |
| 78 | $114.13 | $150.57 | $83.51 | $108.24 |
| 79 | $122.13 | $161.81 | $88.44 | $115.15 |
| 80 | $129.52 | $171.23 | $93.41 | $125.01 |
| 81 | $139.73 | $181.75 | $98.43 | $135.14 |
| 82 | $149.95 | $192.98 | $106.21 | $147.04 |
| 83 | $160.16 | $204.65 | $113.96 | $160.56 |
| 84 | $171.02 | $219.19 | $121.31 | $170.76 |
| 85 | $181.88 | $237.28 | $128.55 | $179.58 |
| 86 | $192.74 | $257.57 | $135.90 | $192.35 |
| 87 | $236.25 | $337.32 | $171.33 | $237.32 |
| 88 | $276.68 | $353.99 | $205.98 | $253.99 |
| 89 | $317.10 | $370.65 | $240.63 | $278.99 |
| 91 | $387.32 | $387.32 | $337.32 | $337.32 |
| 90 | $357.53 | $378.98 | $275.28 | $303.99 |
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.
Our best burial insurance carriers in Arkansas would be:
- American Amicable
Mutual of Omaha - Aetna
- Liberty Bankers Life
- Prosperity
- 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.
Stay Away from the Colonial Penn Burial Insurance for 995 Plan Learn Why.
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.
Extended Reading: Burial Insurance in Texas, Burial Insurance in Kentucky, Burial Insurance in Alabama, Burial Insurance in Georgia, Burial Insurance in Arizona, Burial Insurance in Delaware, Burial Insurance in Utah, Burial Insurance in Ohio, Burial Insurance in Rhode Island
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.
Funeral Services costs in Arkansas
| Funeral Type | Average Costs | Services Included | Sources |
|---|---|---|---|
| Burial | $10,000 | Memorial Services, Vault, Viewing etc. | National Funeral Directors Association |
| Cremation | $7,000 | Memorial Services, Viewing etc. |
The average funeral costs are listed in the table above.
Funeral costs for Arkansas are listed in the table below to give you a comprehensive idea of how much a funeral will cost in Arkansas.
| Funeral Type | Cost in AR | Source |
|---|---|---|
| Burial with Ceremony and Viewing | $7,334 | NFDA |
| Cremation with Ceremony and Viewing | $6,405 | |
| Direct Cremation | $1671 | Funeralocity |
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.
How to Get Burial Insurance in Arkansas
The steps to getting burial insurance in Arkansas are listed in the table below. You can buy burial insurance with us by filling out our quote form and speaking with one of our agents.
| Steps to Apply | Description |
|---|---|
| 1. Speak with a Licensed Insurance Agent or Agency | In order to buy burial insurance you must speak with a licensed life insurance agent that sells the product. You cannot apply for majority of burial insurance products on your own. |
| 2. Answer Health Questions & Provide Your Prescriptions | You must answer the health questions on the burial insurance application & provide your medications. The Life Insurance company will look at the Medical Information Bureau Health Report and run a Script Check on you using your Social Security Number provided on the application. This allows them to asses your risk and determine if they will approve you. |
| 3. Provide the Name of your Doctor | The life insurance company will want to know the name of your doctor. In most cases they will never contact your doctor however, in some rare cases they can depending on what is found in the MIB reports. |
| 4. Electronically Sign your Life Insurance Application | When applying for burial insurance online you will sign for your application using an electronic signature. Depending on the company you apply it will be a voice signature, e-mail signature or Text message signature. |
| Instant Decision of Approval or Denial | Burial insurance does not require a medical exam which means when you submit your application to the life insurance company it is the last step. Depending on which company you applied with you will receive an instant decision on your application. Some companies or situations may take a few days for a decision. |
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:
- COPD
- CHF
- Mental Health Issues
- Diabetes
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.
For example:
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.