Burial & Final Expense Insurance in Rhode Island

If you are looking in Rhode Island for burial insurance you are in the right place.

We assist hundreds of Rhode Island residents every day with finding the most affordable burial insurance to protect their family members from the financial burden of burial expenses.

Funeral services are not cheap that is why this insurance exists.

According to the cdc.gov

The leading cause of death in Rhode Island is Heart Disease followed by drug overdose, firearm injury, and homicide.

In this article, we will cover everything you need to know about Rhode Islands burial insurance plans.

Understanding Final Expense Insurance in Rhode Island

Final expense insurance(burial, cremation, funeral insurance etc.) is simplified issue whole life and guaranteed issue whole life insurance plans. Burial insurance does not require a medical exam, covers funeral, burial and final expenses by providing a tax free death benefit to your beneficiary when you die, ages 19 – 90 can get final expense insurance, and offers up to a $50,000 maximum death benefit depending on the company.

Your age, health and lifestyle will determine your monthly rate, whether you can get a non waiting period policy or a policy with a waiting period and no health questions. Pre-existing conditions are what determine which final expense insurance company is best for you.

That is when if you are looking to buy burial insurance work with us. We know exactly which burial insurance companies will accept your specific health conditions. This allows us to secure the lowest rate for you and avoid a waiting period if possible.

Cost of Burial Insurance in Rhode Island

Below are the costs of burial insurance from age’s 19 – 90 years old from our quoting tools. This will give you a comprehensive idea of how much final expense insurance costs in Rhode Island. If you are looking for final expense insurance for parents, grandparents, young adults etc. we can assist you.

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

Funeral Costs in Rhode Island

Funeral expenses are high and vary from state to state with the national average being between $8,000 – $12,000.

According to funeralocity.com

The high price for a funeral is $6,095 with the low price being $2,890. Now, this is just an average the prices are set by funeral homes and can always vary in pricing.

This is why final expense insurance is so crucial to making sure your family has the peace of mind they deserve. You cannot expect your savings account to be enough for the burial or cremation.

Planning How Much Coverage you need

As a funeral consumer, the first thing you can do to make sure you have the right amount of coverage is to get a pricing brochure from the local funeral home. The funeral directors should be able to walk you through the pricing.

Once you know the exact amount of money your funeral is going to cost apply for your policy. So if your expenses are going to total $13,000 we recommend you get a policy with a $13,000 face amount and add on an additional $2,000 for extra cushion.

When you get a death benefit of this amount in place it should be enough to cover the whole funeral. Make sure you take all of your expenses into account including any outstanding debts, medical bills, mortgage balances, etc.

Rhode Island Burial Insurance & Financial Assistance

According to the Rhode Island Department of Human Services an amount up to $900 can be authorized to pay the funeral expenses for a child or adult. Any payments higher than that amount are going to have to be approved by an administrator of the RI GPA Program.

They would need documents to prove special circumstances and approve it.

Burial Insurance Underwriting

The best part about burial insurance in Rhode Island is that these are simplified issue plans.

What this means is that there is no medical exam or physical tests. You will not need to talk with a medical professional and have to run laps around your home or provide blood samples.

The only thing you need to do is answer some basic health questions on the carrier application. After this, the carrier will perform a Medical Information Bureau Health report and prescription check.

It will show the carrier that you are eligible for their products and services. If everything checks out you are approved in minutes right over the phone.

MIB Report

The Medical Information Bureau Report is a database where all of your medical information goes. The carrier looks at this using your Social Security Number and if nothing alarming comes up you are considered a low-risk applicant and get approved.

Prescription Check

Along with your MIB the carrier will check your prescriptions to make sure none of them match with any serious health conditions. They also understand some prescriptions have different purposes of why they are used.

If this is the case they will ask you about them during the application process. As long as you are answering truthfully you should still be approved.

It is important to note that you do not need to pass any kind of underwriting for things like accidental death riders. Accidental coverage is always instant approval, however, it only pays due to an accident.

Benefits of Burial Insurance in Rhode Island

Below is going to be a table listing all of the benefits offered by burial insurance. Final expense insurance in Rhode Island is the best way to protect your family from funeral costs.

Level PremiumsBurial insurance Premiums never increase for the life of the policy
Level Death BenefitBurial Insurance Death benefit never decreases for the life of the policy
Coverage Never ExpiresPolicy never expires as long as premiums are paid
Cash ValuePremiums paid into the policy build an additional savings to the policy’s face amount that can be borrowed against
Tax-Free Death BenefitThe Death Benefit to your beneficiary is 100% tax free
Peace of MindBurial, funeral and cremation expenses are all covered which gives you peace of mind
No Medical ExamsNo medical exams required to qualify. You only answer health questions.
Financial SecurityBurial 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 UnderwritingBurial Insurance is easy to qualify for. Even seniors with moderate health conditions can get a low premium.
Instant DecisionBurial 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.

Burial Insurance Rhode Island Example Health Questions

Below we will provide some example health questions you will see on carrier applications.

Are you currently:

  • Hospitalized?
  • In a nursing home?
  • wheelchair for terminal illness?
  • Being treated for cancer?
  • On Dialysis?
  • AIDS or HIV?
  • Diabetic amputation?

If you answer yes to any of these you can still get covered under a guaranteed issue policy but day one coverage will not be an option for you.

In the past 2 years have you:

  • Had Angina
  • Stroke
  • TIA(mini-stroke)
  • Had a Heart Attack

If you answer no to all of these then your chances of day one coverage are extremely high. These carriers are looking for people who keep their conditions under control so even if you have Angina for example as long as it’s been a few years since any incident you will be fine getting approved.

This is what our agents will go over with you and walk you through the whole process.

How to Get the Best Life Insurance Company Burial Insurance Rhode Island?

Getting the best policy is simple.

Work with us, we represent all of the top major carriers nationwide and pride ourselves on the training that allows us to help you get day one coverage in most cases.

We will hold your hand through the entire process and the agent you work with will become your personal agent for life. We work for you, not the insurance companies.

Eligibility Requirements for Final Expense Insurance in Rhode Island

This table below will show all of the eligibility requirements for burial life insurance in Rhode Island. The information should be communicated to your agent and included on the life insurance application.

Eligibility RequirementDescription
Age & Date of BirthYour 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 & WeightYou current heigh and weight affect your eligibility with some life insurance companies because high risk health conditions are directly linked to obesity.
Resident StateYour 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 HistoryYour 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 CitizenshipYou 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 MedicationsYour 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 HistoryA criminal history indicates if you are a high risk. If you have an extensive criminal record life insurance companies will not accept you.