Cheap Burial Insurance with No Waiting Period 2022

With the average burial cost usually starting at $8,000 or higher if you or a loved one are approaching your 50’s and 60’s a burial insurance with no waiting period policy is important to be looking into.

Ensuring that your family is protected from the burden of your final expenses when you pass away is exactly what these plans are designed to do. It is the peace of mind you and your family deserve!

We help 90% of our clients qualify for burial insurance with no waiting period!

For more insight into what is burial insurance, you can read our article here.

In short, they are life insurance plan’s just with a different marketing handle.

This is why terms like the following you may have seen in your research mean the same thing:

  1. Funeral Insurance with No waiting Period
  2. Final Expense Life Insurance No waiting Period
  3. Life Insurance No Waiting Period No Medical Exam

This life insurance carrier offers coverage that requires no medical exam. They simply look at your medical history, health condition, then the life insurance company will decide if you have been approved for the life insurance coverage for which you are applying.

This will all factor into the benefits and waiting periods if any.

Is there a Waiting Period for Burial Insurance?

That depends on a few things. The first thing to understand is underwriting risk assessment.

Insurance is the transference of risk meaning the insurance company is taking the risk for your final expenses. This is why in many cases you will see, hear, or maybe even have undergone medical exam life insurance.

They send a paramedic out to your home and draw blood and also run some physical tests for health issues or any chronic illness ask health questions to determine whether or not you are a high-risk case. Then after all of that, you are waiting in many cases a month or longer to get approval!

When it comes to final expense insurance no waiting period being in good health is a key factor to avoiding a 2 year waiting period graded policy. This is why if you have moderate health conditions term life insurance is not a good option for you because they will want you to do a medical exam.

If you are in extremely poor health a guaranteed issue policy may be your only option for senior life insurance.

Now a GI policy is still a good product because acceptance is guaranteed, you may have slightly higher insurance costs but once your pass the 2-year waiting period your beneficiary receives the benefits.

In many cases depending on what company you choose out of the companies offered if you die from accidental death the full benefit is paid regardless of the 2-year waiting period.

With burial insurance these are simplified issue plans meaning approval is done in 30 minutes! Not 1 or even 12 months! These plans are designed for fast approval as well as a fast payout to cover funeral expenses.

Above all, this is where working with our highly trained agents comes in. We pride ourselves on our specialized training to help clients that may have a few health conditions get coverage without a waiting period.

We know the underwriting niches for these companies that guarantee the best coverage and rate for you and your unique health profile. This is how we find your burial insurance with no waiting period.

To speak to one of our licensed agents fill out the form to your right.

In many cases, we have helped clients with conditions such as COPD and CHF get coverage with no waiting period! it is possible!

These companies see you as a person not just a list of health conditions, it all comes down to how controlled some of your conditions are and the severity of them. A person with mild COPD that just has a nebulizer is looked at far differently by certain carriers than a person who has severe COPD and is currently on oxygen tanks to assist in breathing.

A person with mild COPD diagnosed years ago with a nebulizer has a very strong chance at getting approved with no waiting period whereas someone with COPD on oxygen tanks has only 1 option which is guaranteed issue life insurance.

So if you are classified into a high-risk category the carrier may approve you for a waiting period policy or flat out deny your application completely. If you are in a low-risk category then you would be approved for burial insurance with no waiting period.

This is where working with a national independent agency like ours is paramount, we know the niches. We know what companies won’t work with mild COPD and what companies will.

Burial Insurance to Avoid

What to AvoidReason
Term life InsurancePremiums increase after 5 years. Coverage ends after 80. Term Terminates
Pre-paid funeral plansExpensive & Do not Travel with you if Death Occurs outside of State
Universal life insuranceTied with stocks used more for Inevstments
No health questions Asked policiesWith 2-year waiting period & more Expensive
Plans offering "gimmick rates"$9.95 per unit plans or $1 buys $100,000 coverage
Over priced plansInsurance from TV and Spam mail with false advertising
Plans that accept mail-in paymentsHigh Risk of Payment Failure & Policy Lapse
Plans that accept Direct ExpressHigh Chance of Lapse due to missed Payment
Plans that accept Credit CardsHigh Chance of Lapse due to missed Payment

Burial Insurance That is Best

Day One CoverageYES
Rates NEVER Go upYES
Policy Coverage NEVER DecreasesYES
Easy Underwriting & ApprovalYES
No Medical Exams RequiredYES
Same Day Instant ApprovalYES
Death Claims Pay QuicklyYES
Builds cash value over timeYES
Coverage Up To Age 85YES

What Life Insurance Starts Immediately?

There are 4 different types of life insurance benefit pay out’s.

Depending on your risk classification you could be put into one of these 4 categories.

  1. Leve Benefit
  2. Graded Benefit
  3. Modified Benefit
  4. Guaranteed Issue

Level Benefit – Day one burial insurance with no waiting period. This is for clients who qualify in the eyes of the carrier as low risk therefore their coverage would be immediate upon approval and the first premium payment being received.

In short, this means God forbid you to pay your first premium tomorrow and you pass away the following day within 24 – 48 hours your family receives a check for the full face amount.

Graded Benefit – Typically pays 30% of the death benefit in year 1 than in year 2, it is 70% of the death benefit. After 2 years the full benefit is paid. This is for clients in a higher risk classification making this a gradual payout of death benefits.

Modified Benefit – Typically pays 110% of premiums paid into the policy in year 1 then on year 2 it will pay 231% of premiums paid. After 2 years full benefit amount is paid.

This is for clients in a much higher risk category. Within the first 2 years, no money is lost and a return on the premiums is made.

Guaranteed Issue – This is for clients in extremely poor health that do not qualify for any other plan due to their health conditions. Typically these policies pay within the first 2 years the premiums paid in plus 10% so no money is lost and a return is made as well.

After 2 years the full death benefit would be paid. In the event of a death due to an accident, the full face amount would be paid immediately regardless of the waiting period.

The level benefit is life insurance that starts immediately. With these 4 categories, each one offers great benefits for clients in different health situations and no one can be denied!

Best Life Insurance with no Waiting Period

Finding the best life insurance is always going to depend on a few things, what kind of benefits do you want? Whether it is a cremation or burial.

What is your unique health profile?

Do you have health conditions or not?

When it comes to finding the best companies a few key points to consider are:

Are they A-rated?

Have they been in business for 50+ years?

The rating and length of time in business tell you about their quality and stability. An A-rating is something that is just given to a company it is earned through doing business the right way.

The length of time proves they are not going anywhere and that they are financially stable.

More importantly:

Do their plans have a rate lock? Meaning will the monthly premium ever increase?

Will the death benefit ever decrease? Meaning will the policy value ever go down?

The best life insurance should have rates that never go up on you as long as you always make your premium payments and the death benefit should NEVER decrease as long as your policy is in force

Our best companies for this to name a few would be:

Greek Catholic Union

Royal Neighbors of America

Prosperity Life

Liberty Bankers Life

Mutual of Omaha

American Amicable

What Burial policy requires a Medical Exam?

A burial whole life policy should never have a medical exam. They are simplified issue whole life plans that simply ask a few health questions and run a Medical Information Bureau health report and prescription check based on your Social Security number at the time of the application.

Other policies such as term and universal life require medical exams.

Guaranteed Acceptance Life Insurance

Even if you are someone who does not qualify for level coverage you can still be accepted into a policy. Years ago this was an impossibility for consumers in poor health to get any life insurance whatsoever.

In the past consumers would undergo full medical exams and physical tests to assess their risk categories.

It would be weeks or months before they ever received a confirmation if they were approved or denied. This was the case for many Americans back then and as a result of many families never received coverage.

Now anyone with any health background can receive coverage on top of all of that you can be approved in minutes not days! If you have found yourself declined by a lot of companies in the past then guaranteed issue coverage is probably the best fit for you.

There are conditions that are knockouts for all companies and your only option would be GI. These are conditions are looked at as extremely high risk. These conditions would include.

Oxygen tanks to assist in breathing

Kidney Dialysis

Nursing home or Current Hospital Confinement

Ever had an organ transplant



Current Internal Cancer

Confinement to a Mental Care Facility




If you have any of those conditions then time is of the essence, The faster you start a guaranteed issue policy the faster you can finish the waiting period and provide your family with the full death benefit so they are not left with the financial burden of your funeral expenses.

It’s all about them your family and achieving your vision for them and their financial well-being. Thousands of families are left every day with funeral expenses to take care of and as a result, they take on a lot of debt.

Our best-Guaranteed Acceptance Companies would be:

Great Western – Coverage Amounts $1,000 – $40,000

Ages – 40 – 80

American General – Coverage Amounts $5,000 – $25,000

Ages – 50 – 85

Burial Insurance for Seniors

Now burial insurance is largely marketed to seniors. So yes burial insurance is for seniors between the ages of 45 – 85. Insurers offer this type of life insurance for younger consumers as well but it fits best with seniors that need help with their funeral costs that is why it is final expense insurance in the first place.

You receive a cash payout from the life insurance company that is covering you and your family will use that to cover the cost of the funeral home. It can also cover other expenses such as past-due credit card bills. Premium payments are due on this type of insurance Monthly.

Best Funeral Insurance Plan

The best funeral insurance plan is Simplified Issue Whole Life Insurance.

The reason is that this type of policy has no waiting period for the insurance payout. This means if have this policy in place and you die tomorrow, the burial insurance will be paying for final expenses. Your family will have the peace of mind they deserve knowing they will not go into debt when you die.

The Best Funeral Insurance Plan Can be Found with:

The Worst Funeral Insurance in our Opinion Can be Found with:

The best funeral insurance plan is affordable burial insurance. That is Simplified Issue for Whole Life Insurance. This is the perfect funeral cover with no waiting period because even if you are moderately healthy with a heart attack in the last 2 years or heart surgery in the last 2 years, our highly trained agents can still find you day one coverage 90% of the time.

Burial Insurance No Medical Exam

No type of burial insurance is going to make you take a medical exam. That being said they do still ask health questions on their application to see if you qualify and are approved. This no exam burial insurance still looks at your Medical Information Bureau Health report and prescription history when the information is copied published.

They cross-reference the health report with the health questions on the application. Then they compare the prescription history to any health conditions related to their health questions. If everything is positive you are approved.

Choose ParamountQuote for Burial Insurance with no Waiting Period

We are a national independent agency that specializes in burial insurance. We pride ourselves on our specialized training which is next to none.

Everything from the underwriting to the enrollment will be a quick process. Our agents also become your personal service agents for life!

Anytime you have a question or need help with your policy for any reason our ParamountQuote agents will be there.

We build long-lasting relationships with our clients and ensure that you have the very best coverage along with the very best future customer service that you will ever need.

Give us a call at 865-297-3732 or fill out the form to your right to speak with us and get your family protected today!

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