You Can Get Burial Insurance for Siblings Best Plans & Cost 2024

If you are wondering if you can get burial insurance for siblings specifically your sibling yes you absolutely can. Remember burial insurance, final expense insurance, funeral insurance, and cremation insurance are all life insurance specifically whole life insurance.

So if your sibling passed you do not want the financial burden of their funeral expenses falling on you and causing a financial loss. We would refer to this as insurable interest which we will cover in more detail in this article.

Getting coverage for a family member ages 80, 70 or 60 is simple and in this article, we will cover in detail how everything you need to know about burial insurance for siblings

Related: Burial Insurance for Young Adults

Burial Insurance for Siblings Plan Types & Options

When it comes to life insurance for siblings there are several different plan types available. As long as you have their consent and they are available to sign a life insurance application you can get any type of life insurance on your sibling.

Now when it comes to burial insurance for siblings specifically you should only be getting whole life insurance. Whole life insurance never expires, has premium rates that never increase and death benefits that never decrease.

We will breakdown each type of life insurance for siblings and how it works so you can understand what is best for for them or your situation.

Term Life Insurance Not a Good Option

Term life is not a good option if you are looking to make sure burial expenses are covered for your sibling. Term life may offer higher coverage amounts between $50,000 – $100,000 or more but it is temporary.

A 20-30 year term is typically the maximum amount of time a person can be insured. After the term expires the policy cancels and there is no cash value or any money returned. If your sibling outlives the policy and dies there is no life insurance in place for the funeral expenses.

Term policies are designed for younger individuals with 20 or 30 year mortgages primarily. This makes sure that if the primary bread winner of the family dies the term policy will cover the balance of the mortgage.

That takes away the risk of the family’s home going into foreclosure due to the loss of income when the bread winner dies.

Universal Life Insurance Not a Good Option

Universal life policies are whole life with higher coverage amounts between $50,000 – $100,000 or more. These policies are designed for their cash value accumulation to provide retirement funds as the policy builds cash value.

Now in order to get on of these policies the insured must take a full medical exam and have doctors records checked. Underwritten is extremely strict for these types of policies due to the higher coverage amounts offered.

These policies are also designed primarily to serve as mortgage or asset protection as well as family income replacement. They are aimed towards younger individuals rather than seniors.

Final Expense Insurance Best Option

If you are looking for burial life insurance for siblings than you do not need a huge fully underwritten policy like universal or term. According to the NFDA the national median cost of a funeral is $7,848 which means a policy between $10,000 – $15,000 would be all the coverage your sibling needs.

That amount of coverage should pay for burial & end of life expenses in full. In addition to this final expense insurance is designed specifically for end of life expenses which is why it is known as burial insurance, cremation insurance and funeral insurance.

Do Siblings Have Insurable Interest for Life Insurance?

Yes, siblings do have an insurable interest in life insurance because if they die unexpectedly and your parents are not alive the responsibility will fall on you to pay for their funeral.

This means getting life insurance for siblings is fine and very common in families. That is why getting life insurance for siblings is so crucial so you are not stuck with a big funeral bill or other end-of-life expenses your sibling left behind.

Can you Get Life Insurance for Sibling?

Yes, you can get burial insurance for your sibling most final expense life insurance companies to allow this by you becoming the 3rd party payor.

This means you will be the person paying your brother or sister’s monthly premium on their policy to keep it in force. Once your sibling passes away you will receive the benefit from the life insurance policy to cover the cost of the funeral and any other end-of-life expenses.

You being responsible for his burial expenses serves as proof of insurable interest which is needed for purchasing life insurance for a sibling.

Final Expense Insurance For A Sibling Benefits & How it Works

Funeral insurance is a small simplified issue whole life insurance policy or guaranteed issue whole life policy with coverage amounts between $1,000 – $50,000. Final expense policies are designed to provide a quick lump-sum death benefit payout to the beneficiary on the policy.

The beneficiary uses this death benefit to pay the funeral costs and other final expenses left behind by the insured.

Any money leftover after the end of life expenses are paid is for the beneficiary to keep to use for anything they want.

If your sibling dies and you are the beneficiary on their policy you call the claim number for the life insurance company located on the policy. Once you call the claim number you will provide them with the policy number as well as any other information they request.

Once all information requested by the life insurance company providing the coverage they will proceed to process the claim.

Qualifying for Both Final Expense Plan Types

We are going to simplify exactly what is required for both simplified issue whole life & guaranteed issue whole life. Keep in mind both are life insurance with no medical exams.

• Simplified Issue Whole Life – Answer health questions on life insurance application, Consent to medical & prescription history checks, No medical exams required.
• Guaranteed Issue Whole Life – No health questions & no medical exam acceptance is guaranteed with an automatic 2 year waiting period.

Benefits of Burial Insurance

Below is a table listing all of the benefits burial insurance for siblings provides.

Benefit	Description
Level Premiums	Burial insurance Premiums never increase for the life of the policy
Level Death Benefit	Burial Insurance Death benefit never decreases for the life of the policy
Coverage Never Expires	Policy never expires as long as premiums are paid
Cash Value	Premiums paid into the policy build an additional savings to the policy’s face amount that can be borrowed against
Tax-Free Death Benefit	The Death Benefit to your beneficiary is 100% tax free
Peace of Mind	Burial, funeral and cremation expenses are all covered which gives you peace of mind
No Medical Exams	No medical exams required to qualify. You only answer health questions.
Financial Security	Burial Insurance provides the money to pay your funeral costs so your family does not have the financial burden placed on them to pay burial expenses.
Easy Underwriting	Burial Insurance is easy to qualify for. Even seniors with moderate health conditions can get a low premium.
Instant Decision	Burial Insurance uses instant decision during the application process. This means when you apply you will receive a decision of approval or denial right after the application is submitted.

Can I get Burial Insurance on my Brother?

Can I get life insurance on my brother without him knowing? No, he does have to consent to have his medical records and health issues looked at by the insurance carrier that is by law.

Now depending on the type of life insurance company you may not need to do a 3-way call with insurance agents to sign for the insurance plan. Depending on what company you go with it could be as simple as a Docusign to buy burial insurance for siblings.

That being said always make sure they are aware that you are taking out life insurance for them and that their medical records will be examined for insurability.

Can I Buy Life Insurance for my Sister?

Yes, you can buy burial insurance for your sister it does not matter if it is for a sister, brother, parents, or other family members as long as there is insurable interest and consent from the person being insured to have medical records pulled from the policy can be purchased for family members.

We help families on a daily basis buy life insurance for their brother or buy life insurance for their sister it is a quick and easy process when working with our agency.

To see burial insurance quotes for your brother or sister and purchase a policy for them fill out the form to your right and our agents will assist you.

Buying Life Insurance for Siblings The Steps

We are going to list the steps below on how to get burial insurance for siblings. There are just a couple initial steps before seeing if you can get them qualified

1. Insurable Interest – Establish that you have an insurable interest in the person you are buying the policy on. If you are going to be responsible for their expenses when they pass this qualifies as insurable interest.
2. Consent – Make sure you have consent from your sibling to have their medical records pulled and examined to get them qualified for coverage.

How to Qualify

Getting your siblings qualified for burial insurance is simple. If you have a comprehensive knowledge of their health history you just simply have to answer some health questions for them. There is no medical exam for these policies.

There will not be a paramedic sent to your sibling’s home to test them before you can buy burial insurance for siblings. That is only for fully underwritten plans only and if your sibling is between the ages of 70 – 80 that is not the plan for them.

Simplified issue final expense plans are the best life insurance policies for senior siblings.

Steps to Qualify

1. Speak with our Agents
2. Answer Health Questions
3. Agent recommends best policy Based on Health
4. Sign for the Application (E-Sign) or (Voice Sign)
5. Instant Decision of Approval or Denial

Depending on how the health questions were answered your sibling should be approved within minutes and the policy will be in force on the date of your first premium payment.

That’s it, here at our agency we make the process of buying life insurance for siblings very simple and it can be done in minutes and your brother or sister will be covered with no issues.

Life Insurance Policy for Sibling Quotes Ages 19 – 91

We have included example rates for burial insurance for siblings. These are general rates based on age without Tobacco being included.

To see a custom quote fill out the form to the right

Age	$10,000 Male Non Smoker	$10,000 Male Smoker	$10,000 Female Non Smoker	$10,000 Female Smoker
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
90	$357.53	$378.98	$275.28	$303.99

Burial Insurance for Siblings Best Companies

We have included the best life insurance companies for siblings. These are A – rated companies with over 100 years in business and allow third-party payors.

• American Amicable
• Mutual of Omaha
• Transamerica
• Royal Neighbors of America
• Greek Catholic Union
• Foresters Financial
• Guarantee Trust Life
• Great Western
• Gerber
• Aetna
• Prosperity
• AIG

Burial Insurance for Siblings Worst Brands

Below is the worst life insurance companies we caution any senior when purchasing from. They may be well known names but they do not offer the best options for seniors in our opinion.

• Colonial Penn
• Opencare
• Trustage
• AARP
• Globe
• Lincoln Heritage
• AAA
• National Family
• Ethos

Conclusion

Burial insurance for siblings is the best thing you can purchase to protect yourself from any burden of their funeral expenses falling on you. The policy will payout quickly within 24 – 48 hours of a death certificate and provide you with the peace of mind you need to just focus on grieving your brother or sister.

This is what life insurance for burial is all about. Make sure you have the money to pay for the funeral and honor your sibling’s memory.