Burial Insurance for Seniors over 60: Securing Your Final Expenses

If you want to learn, find, and get quotes on burial insurance for seniors over 60 keep reading. Burial Insurance(final expense insurance, funeral insurance, cremation insurance etc.) is simplified issue & guaranteed issue whole life insurance.

No medical exams are required just health questions on a life insurance application for simplified issue. Guaranteed issue plans have no medical exam or health questions for their application but have an automatic 2 year waiting period.

Coverage ranges between $2,000 – $50,000 with level premiums(premiums never increase) and level death benefits(death benefit never decreases).

Both types build cash value as you pay monthly premiums with a tax free lump-sum death benefit paid to your beneficiary when you die.

Your beneficiary uses this death benefit to pay funeral, burial, cremation and any other end of life expenses. Any money left over is theirs to keep.

In this article we will cover how to get coverage, provide the cost, and recommend the best companies.

How to Get The Best Life Insurance for Seniors over 60

When it comes to getting the best coverage it can be straightforward, it just comes down to a few factors that determine what life insurance or burial insurance is best for you.

The most important questions to ask would be:

1. Is there a 2 year waiting period?
2. Is the monthly premium affordable?
3. Has the company been in business for over 100 years and A-rated?
4. Is there a rate lock?
5. Is the coverage permanent and will it ever decrease?

These are the most crucial questions to ask to make sure you are not winding up with some gimmick of a policy. In addition to this, the waiting period question will vary because if your are in extremely poor health you may not be able to avoid a waiting period.

Work with the Experts

This is exactly where we come in we help 90% of our clients get approved for coverage that has no waiting period. Now if you fall into the 10% category of clients we cannot get approved for that kind of coverage we will still help you get the best-guaranteed issue policy on the market.

Burial insurance for seniors over 60 is supposed to be simplified issue coverage meaning they only look at your medical history with no medical exam involved. This means as long as your health conditions line up with their health questions you should be approved instantly over the phone.

All of the carriers we work with pass those questions above with flying colors.

Buying Burial Insurance for Parents Over 60

If you are looking to buy burial insurance for parents over 60 there are 2 important factors to consider. You must have their consent to purchase burial insurance for them and they must be present to answer health questions.

They also have to be present to sign for their life insurance application.

How Much Burial Insurance Do I Need over 60?

According to the NFDA statistics the median cost of a funeral is $7,848. This means if you are over 60 years old you should get at least $10,000 in burial insurance coverage. A burial policy of $10,000 should cover your final expenses when you die.

Now taking inflation into account funerals are expected to increase in price. Getting a $15,000 burial insurance policy should the perfect amount of life insurance coverage to pay any end of life expenses.

Eligibility for Burial Insurance Over 60

We have provided a table below that outlines the specific eligibility requirements for burial insurance for seniors over 60.

Eligibility Requirement	Description
Age & Date of Birth	Your current age determines your eligibility with different policies. If you are older than age 85 for example a majority of life insurance companies will not offer you burial insurance.
Height & Weight	You current heigh and weight affect your eligibility with some life insurance companies because high risk health conditions are directly linked to obesity.
Resident State	Your resident state determines which plans are available to you. Some life insurance companies may not have their policies available in your state.
Current & Past Health History	Your health determines your eligibility for burial insurance. If you hav extreme current or a past history of health conditions such as cancer you are considered high risk and many life insurance companies may not accept you.
US Citizenship	You must be a US citizen or permanent resident to buy burial insurance in the United States. If you are a citizen of a different country you are not eligible.
Current Medications	Your current medications indicate to the life insurance company how your health is. This is how they can categorize you as a high risk applicant or not.
Criminal History	A criminal history indicates if you are a high risk. If you have an extensive criminal record life insurance companies will not accept you.

Check Your Health Conditions

Below is going to be our table you can use to search any of your pre-existing health conditions to determine if you can qualify for burial insurance with or without a waiting period.

Health Condition	Day One Coverage	Waiting Period	Best Company
ADL’s(Assistance of Daily Living Eating, Dressing, Toileting, Bathing)	Yes	No
AIDS & HIV	No	Yes
ALS	No	Yes
Alcohol Abuse	Yes	No
Alzheimers & Dementia	No	Yes
Amputation Caused by Accident (No ADLS Needed)	Yes	No
Amputation Caused by Accident(ADL’s Needed)	No	Yes
Amputation Caused by Diabetes or Disease(No ADL’s Needed)	Yes	No
Amputation Caused by Diabetes or Disease(ADL’s Needed)	No	Yes
Aneurysm	Yes	No
Angina	Yes	No
Angioplasty	Yes	No
Assisted Living Facility	Yes	No
Asthma	Yes	No
AFIB (Atrial Fibrillation)	Yes	No
Autism	Yes	No
Brain Tumer(Non Cancerous)	Yes	No
Bipolar Disorder	Yes	No
Brain Tumor(Cancerous)	Yes	No
Bronchitis (Chronic)	Yes	No
Cancer-Must have occured and been cured over 2 yeas ago with no further complications or medications	Yes	No
Coronary Bypass Surgery	Yes	No
Cardiomyopathy	Yes	No
Cerebral Palsy	Yes	No
COPD Chronic Obstructive Pulmonary Disease	Yes	No
Circulatory Surgery	Yes	No
Cirrhosis	Yes	No
Congestive Heart Failure	Yes	No
Cystic Fibrosis	Yes	No
Defibrillator	Yes	No
Depression	Yes	No
Diabetes(Without Complications)	Yes	No
Diabetes(With Complications)	Yes	No
Dialysis	No	Yes
Down Syndrome	Yes	No	SBLI
Drug & Alcohol Abuse	Yes	No
Emphysema	Yes	No
Heart Attack	Yes	No
Heart Disease	Yes	No
Obesity & Under Weight	Yes	No
Hepatitis C	Yes	No
Hospitlization(Current)	No	Yes
Huntington’s Disease	Yes	No
Kidney Disease Stage 1 – 3	Yes	No
Kidney Disease Stage 4 – 5	Yes	No
Lupus (Systemic)	Yes	No
Multiple Sclerosis	Yes	No
Muscular Dystrophy	Yes	No
Organ Transplant	No	Yes
Oxygen Tanks	No	Yes
Oxygen Concentrator	Yes	No
Pacemaker Implant	Yes	No
Pancreatitis	Yes	No
Parkinson’s Disease	Yes	No
Pending Surgery	No	Yes
Schizophrenia	Yes	No
Scleroderma	Yes	No
Seizures	Yes	No
Sickle Cell Anemia	Yes	No
Sleep Apnea	Yes	No
Stroke	Yes	No
Stent	Yes	No
TIA Mini Stroke	Yes	No
Tumor Cancerous	No	Yes
Tumor Non-Cancerous	Yes	No
Ulcerative Colitis	Yes	No

Burial Insurance for Seniors Over 60 Cost

If you are wondering how much burial insurance for seniors over 60 costs we have the table below. Those are accurate prices from our quoting software to give you an idea of how much burial insurance will cost over 60.

Age, health and lifestyle are what affect the cost of burial insurance so if you are in extremely poor health and only qualify for a guaranteed issue or modified policy you premium will be higher.

$5,000 Whole Life Policy Cost for Seniors Over 60

Age	$5,000 Male Non Smoker	$5,000 Female Non Smoker	$5,000 Male Smoker	$5,000 Female Smoker
60	$25.21	$19.65	$34.66	$26.23
61	$26.27	$20.50	$37.36	$27.55
62	$27.34	$21.36	$38.54	$28.95
63	$28.36	$22.17	$40.43	$30.15
64	$28.39	$22.94	$42.32	$31.34
65	$29.84	$23.72	$41.52	$32.53
66	$32.11	$24.98	$44.31	$34.16
67	$33.93	$26.23	$47.12	$35.77
68	$35.67	$27.43	$49.92	$37.31
69	$37.31	$28.57	$52.33	$38.78

$10,000 Whole Life Policy Cost for Seniors Over 60

Age	$10,000 Male Non Smoker	$10,000 Male Smoker	$10,000 Female Non Smoker	$10,000 Female Smoker
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

Best Burial Insurance Companies for Seniors Over 60

Our top burial insurance companies we recommend to seniors over 60 are:

These are the best burial insurance for seniors over 60 companies. They hold the best reputations and some of them like MOO come with living benefits which allows you to use the coverage if you get terminally ill.

• Mutual of Omaha
• American Amicable
• Prosperity
• Aetna
• Transamerica
• American General
• Great Western
• Gerber
• Foresters Financial
• Guarantee Trust Life

Which Life Insurance for Over 60s?

Now something very important to understand is that if you want the best life insurance or burial insurance over 60 it needs to be permanent coverage which is whole life insurance or final expense insurance. The reason for this is that temporary coverage with higher death benefits will expire after 20 years.

If you have a policy that expires 20 years from now when you reach age 80 your only option will be whole life insurance and at that point, the premium will be very expensive considering your age.

The idea is:

“The earlier you get burial insurance the cheaper it will be.” – Tim Connon

Life Insurance for Seniors over 60 with Diabetes

We have written several articles on life insurance with diabetes. Here is the good news for people with type 1 or type 2 diabetics. Since these plans are simplified issue people with diabetes can get day one coverage as long as there are no serious complications such as neuropathy and even then depending on the severity of that our agents can still help you get covered.

You can read more on life insurance with diabetes here:
Gestational Diabetes and Life Insurance
Life Insurance A1c Levels & Diabetics
Burial Insurance for Type 1 Diabetics
Burial Insurance for Diabetics
This is why it is crucial to work with our agents and their advanced training because within 20 minutes they will know exactly what you qualify for.

One company to watch out for a NOT go with is New York Life associated with AARP. We also do NOT recommend John Hancock either.

Low Cost Burial Insurance for Seniors Over 60 Cheapest Company

Mutual of Omaha burial insurance is the lowest cost burial insurance for seniors over 60. This funeral insurance for seniors is the most affordable because their underwriting is more strict than other carriers but still easier to qualify for.

How to Qualify for Burial Insurance for Seniors over 60

To qualify call our customer service line or fill out the form to your right to see quotes. Once you do this one of our agents will call you over the phone and proceed with the following steps:

1. Introduce themselves
2. Ask comprehensive health questions
3. Confirm the coverage being applied for
4. Begin either the voice signature or email signature process depending on the carrier

After these steps, you will receive confirmation from the company right over the phone. This is all done in 30 minutes or less.

FAQ’s

Can a 60 year old get whole life insurance?

Yes, you can qualify for coverage with no waiting period and a low monthly rate or you can qualify for coverage with a 2 year waiting period and higher premium depending on your health.

What type of life insurance is best for a 60 year old?

Whole life insurance is best for a 60-year-old because it is permanent coverage and will not expire, unlike term insurance.

Conclusion

This is the perfect time for you to get burial insurance for seniors over 60 because the monthly rates are low and your health conditions may not be too severe to qualify and get coverage in place. The faster you act to get this for your loved ones peace of mind the faster you can take this off your to-do list.

We work with all of the top companies nationwide and with our expert-level training, we will help you find coverage within minutes. Get you and your families permanent peace of mind. This coverage pays out quick which means your family will receive the check within 24 – 48 hours then pay for your funeral and be able to focus on just grieving your loss.