If you are looking for burial insurance in Utah, then you have come to the right place. We help 90% of our clients qualify for day one level coverage for their policies.
First and foremost, what is burial insurance? It is simply a marketing term for final expense life insurance also known as whole life. Other terms used for this are funeral insurance and cremation insurance. These are small whole life policies ranging between $1,000 – $40,000 and are designed specifically to protect your family members from the final expenses you leave behind when you die.
According to cdc.gov
The leading cause of death in Utah is heart disease followed by cancer, accidents, Alzheimer’s disease, stroke, and others.
We have spoken with so many clients that had a loved one die of heart disease and leave them with the funeral expenses to take care of. This is why we specialize in burial insurance in Utah. These plans are designed to provide a quick death benefit payout to your beneficiary within 24 – 48 hours so they can pay the funeral directors.
Let’s go over everything you need to know to get started.
Table of contents
- Funeral Costs in Utah
- Benefits of Burial Insurance in Utah
- Cremation Insurance Utah Smaller Life Insurance Policy
- Eligibility for Burial Insurance in Utah
- Burial and Cremation Life Insurance Companies in Utah
- Burial Insurance Underwriting
- How to Apply for Final Expense Life Insurance in Utah?
- Burial Insurance Utah Example Health Questions
Funeral Costs in Utah
When it comes to burial expenses it is important to note that they vary from state to state. The expenses are set by the funeral homes and they outline everything from the cemetery plot to the casket and so on.
Furthermore, we do know the national average for burial is around $8,000 – $12,000 nationally. This means that your family will be responsible for coming up with this amount of money when you die to make sure you have a proper funeral. The truth is most Americans do not have $10,000 laying around to take care of a funeral.
Ask yourself if your children, brother, sister, or cousins have this on hand to pay for your funeral? Then ask yourself, why would you want to make them come out of pocket for it?
Another factor is inflation, inflation is going to make funerals skyrocket to $14,000 or more in the coming years. As time goes on everything goes up, so it is crucial to get something now.
Cremation is also a much more affordable route to consider. Cremation is typically half the cost of burial but with inflation, this will also make cremations whereas they usually range between $3,000 – $5,000. Increase to $8,000 or more.
This is why a cremation insurance policy is a great product to consider.
Another thing about burial insurance or cremation insurance is that these policies will last your entire life you cannot outlive them. Other policies will go only until age 80 or 90. With these plans, they will go well over age 100 meaning it is coverage that will always be there.
Benefits of Burial Insurance in Utah
We have listed the benefits of burial insurance in our table below for the state of Utah. This will give you a comprehensive idea of what final expense insurance in Utah can do for your family.
|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.|
Cremation Insurance Utah Smaller Life Insurance Policy
If you are looking for cremation insurance in Utah this is simply a much smaller final expense life insurance policy you can get. This is the beauty of whole life final expense insurance, the amount of coverage you need is entirely dependent on the type of funeral service you want to have. So if you are wanting cremation insurance in Utah you simply purchase a final expense whole life insurance policy with a death benefit between $5,000 – $7,000 to cover the cremation fully.
These policies are designed specifically to provide a quick death benefit payout typically within 24 – 48 hours of receiving a death certificate so your family has peace of mind knowing the funeral is paid for.
Eligibility for Burial Insurance in Utah
Below is the requirements to be eligible for funeral insurance. These are essentially what the life insurance companies will require on their applications.
|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.|
Burial and Cremation Life Insurance Companies in Utah
The following companies are all available in the state of Utah:
- Mutual of Omaha Final Expense Insurance
- Aetna Aceendo CVS Final Expense Insurance
- Prosperity Final Expense Insurance
- American Amicable Life Insurance Company Final Expense
- Guarantee Trust Life Insurance Company
- American General Life Insurance Company
Burial Insurance Underwriting
The best part is the simplified underwriting of these plans.
They will never make you take a medical exam or take any blood samples, physicals, blood pressure, etc. All they simply do is ask you health questions on their application and check your medical history and prescriptions that’s it.
Furthermore, this can all be done in 30 minutes or less from the comfort of your own home. It’s that simple and easy.
They are looking for 3 major factors when considering you for coverage.
- Any Major Prescriptions.
- How well your health conditions are managed.
- The time frame of how long you have had your conditions without any incidents.
Major prescriptions would include medications like Donepezil,Nitro or Gabapentin to name a few.
The time frame of your conditions and how well they are managed are key factors.
If you had a heart attack within the last year you will only be able to get a policy with a graded benefit meaning a waiting period.
Now if you had a heart attack over 2 years ago without incident you can get day one level coverage with no waiting period.
This is what one of our agents will go over with you when you apply and speak with us.
This is how we help 90% of our clients get level coverage.
How to Apply for Final Expense Life Insurance in Utah?
Getting started is very simple.
Work with the experts. That’s us!
We are an independent national broker what this means is that we have access to all of the top major carriers nationwide that can provide you the best rate and coverage guaranteed. We specialize in burial insurance and our agents are highly trained in the underwriting niches of all these carriers which is why we maintain our 90% number with our clients.
Furthermore, we do not believe in a “one size fits all.” type of policy it’s all dependant on you and your unique needs. Our agents are trained to listen to you and do everything in their power to find you level coverage and then become your personal service agent after that.
We build long-lasting relationships with our clients. We are not a fly-by-night type of company. Our staff is available to you whenever you need them.
Fill out the form to your right to speak with one of see pricing on policies in your area and to speak with an agent.
Below is our step by step out line of how to apply for life insurance for final expenses in the state of Utah.
|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.|
Burial Insurance Utah Example Health Questions
Here are some example health questions that are on applications for burial insurance in Utah.
In the past 2 years have you been diagnosed with:
- AIDS or HIV
- Heart Attack
- Congestive Heart Failure
- Hospitalized or in a nursing home
- Chrons Disease
- Ulcerative Colitis
- Lou Gherics Disease
- Systemic Lupus
- Sickle Cell Anemia
Have You ever been diagnosed with:
- Alzheimer’s or Dementia
- Diabetic Amputation
- Insulin Shock or Diabetic Coma
- Oxygen Usage