If you are 79 years old and looking to buy life insurance or burial insurance you are in the perfect place. If you fill out the quote form to the right of this page you will see life insurance rates for all of the top-rated carriers nationwide. Now at your age term, life insurance is not a good option because it will expire.
The type of solution you need is permanent life insurance which is whole life insurance or burial insurance, funeral insurance, etc. This type of insurance offers peace of mind to your family because it is permanent and is designed to pay the full death benefit quickly to your family so they can pay for your funeral or provide replacement of income.
Out of all the life insurance options out there, this is the only one according to your current age that guarantees your family will receive the coverage amount and not be left with a financial burden.
In this article, we will go over how to qualify for this life insurance coverage as well as the benefits and provide sample pricing for this type of life insurance.
How to Qualify for Burial Insurance
A big highlight about the life insurance for seniors these companies offer is the fact that they are simplified issue plans meaning it is easy to qualify and be approved. The way it works is you speak with one of our agents and they will ask you the health questions on the carrier’s application.
After this, they will do a voice signature and the carrier will look at your Medical Information Bureau Health Report and prescriptions. If your health conditions and prescriptions match up with your “no” answers you will be approved instantly right over the phone by the life insurance company.
This can all be done in 30 minutes or less our agents are highly trained in underwriting and we guarantee our clients a 90% approval rating for immediate coverage with no waiting period. Simply put we can get 90% of senior’s burial insurance with no waiting period.
Burial and Life Insurance Benefits
These burial and life insurance companies have several key benefits that are very important.
- A Rate Lock – Premiums Never Go Up
- Level Death Benefit – The Death Benefit Never Decreases
- Tax-Free Death Benefit – The cash payout of the policy is tax-free to your beneficiary.
Depending on which company you go with there are additional benefits.
- Accelerated Living Benefits – You can borrow from your policy face amount if you are diagnosed with a terminal illness.
- Accidental Death Benefits – Additional cash benefits if you die due to an accident can result in double the payout to your family.
Separate savings that add additional money to your policy’s face amount that you can borrow against if you should ever need to.
Companies that Provide the Best Life Insurance age 79
The best burial and life insurance companies for seniors are listed below. Through these carriers is how we guarantee our clients a 90% approval rating for immediate coverage.
- Mutual of Omaha
- American Amicable
- Prosperity Life
- Royal Neighbors of America
- Guarantee Trust Life
- American General AIG
- Great Western
These are elite A-rated carriers nationwide that have solid reputations with over 100 years in business.
Cost of Final Expense Life Insurance at Age 79
Below is a detailed chart for our top carrier Mutual of Omaha providing example pricing for burial insurance between the ages of 70 – 79. You will see the average cost of life insurance at age 79 there are 2 sections one for burial and life insurance for male age 79 as well as burial and life insurance for female age 79.
|Mutual of Omaha Age 70-79 Burial Insurance Quotes|
|Age||$10,000 Coverage Male Monthly Rate||$10,000 Coverage Female Monthly Rate||$15,000 Coverage Male Monthly Rate||$15,000 Coverage Female Monthly Rate|
Do not wait any longer to get burial insurance to protect your family. This is about providing peace of mind to them so they are not stuck with a big bill while grieving your loss at the same time. At your current age this is your best option and every year you wait the premiums will get higher as they increase with your age.
Take action now and fill out the form to your right to see pricing on carriers and get with one of our agents. They will have you taken care of in 30 minutes or less the process is simple and quick.
Check this off of your to-do list.