Sentences with phrase «amount of the burial insurance policy»

(Although in this case, it is important not to have the face amount of the burial insurance policy added as a part of your overall estate.

Not exact matches

The AARP's no medical exam whole life insurance policy is a form of final expense insurance (also called burial insurance), as the amount of coverage available is usually just sufficient to cover end - of - life expenses.

While some burial insurance policies will pay out the full amount of the stated death benefit, others pay out what are known as graded death benefits.

Once you have an accurate figure on the face amount for your burial insurance policy, you can move forward with a comparison of plans and premium rates.

Typically, burial insurance policies or burial insurance for seniors offer a face amount of coverage that ranges between $ 5,000 and $ 100,000.

The face amount of a standard burial insurance policy will usually be in the range of $ 5,000 to $ 25,000 — although some insurance carriers will offer these types of policies with a higher amount of coverage.

When purchasing a burial insurance policy, it is important to obtain the right amount of coverage.

Typically, the amount of death benefit coverage that is purchased with a burial insurance policy is between $ 5,000 and $ 25,000.

Final Expense Insurance / Burial Insurance policies tend to have face values of $ 2,000 to $ 40,000 (amounts vary, depending on the insurer).

A burial insurance plan is the same thing as a life insurance policy, expect it provides a much smaller amount of coverage.

The cost of burial insurance for seniors depends on several different factors including the age of the person buying the coverage, the type of policy chosen, and the benefit amount.

Therefore, depending on the type of plan that you choose, your burial insurance policy may leave an amount well above the funeral costs so that your family can use the money to help meet their own needs.

The average cost of a burial insurance policy is approximately $ 50 per month, and the most common face amount purchased is $ 10,000.

If you don't have a massive amount of debt anymore, then a burial insurance policy is an excellent way to have insurance coverage without having to pay the expensive premiums of a larger plan.

In order to choose the cheapest burial insurance policy, it is important to evaluate your needs closely and ensure that the overall benefit amount will be sufficient to cater for all the funeral expenses that your loved ones are likely to incur in case of your demise.

One thing that many people do is to have one life insurance policy until they retire but also have burial insurance that they keep for the rest of their life and pay the same amount on every month.

Unlike many regular life insurance policies, the amount of coverage that is offered on burial insurance policies is usually somewhere between $ 5,000 and $ 25,000 — so that one's funeral and others needs can be taken care of.

Oftentimes, because the applicants for burial insurance are older — and therefore, are also more prone to adverse health conditions — these policies will trade off the lower amount of death benefit with the ability to qualify for coverage without taking a medical exam.

Burial insurance policies are essentially the same as a life insurance policy, but they provide a much smaller amount of coverage, which is going to translate into much smaller premiums.

The face amount of coverage on a burial insurance policy will typically run between $ 5,000 and $ 100,000 — although there are some life insurance companies that offers much higher amounts of protection.

One is a term life insurance policy until they retire and the other is a burial insurance policy they pay the same amount for every month for the rest of their life.

Most insurance companies do not want to sell small coverage amounts of life insurance, especially small whole life insurance policies (burial insurance).

Answer: The fact of the matter is that different burial insurance company will offer several policy options, with various premium amounts.

Louisiana life insurance pays your family (or whomever the beneficiary is on the policy) a given amount, called the «face value», to cover burial costs, any medical bills and to pay for the family's living expenses and / or lost income from the death of the insured on the policy.

Having a burial insurance policy in place can help to pay off what could be a substantial amount of final expenses as in many areas of the country today, the average cost of a funeral and its related expenses can easily exceed $ 10,000.

Burial insurance policies are relatively expensive for the amount of coverage they provide, but they can be a good option for seniors with serious health problems who don't want their funeral costs to be a financial burden on those they leave behind.

We usually recommend term life insurance for someone who has an outstanding mortgage, because these policies are the most affordable option available for larger amounts of coverage, and they can be easily converted to a smaller universal life policy for burial expenses.

I only looked at whole life insurance policies and did not evaluate «guaranteed issue whole life insurance policies» (sometimes called simplified issue, final expense, or burial insurance) because they typically are limited to small dollar amounts of $ 5,000 — $ 25,000, they don't offer very much coverage for the premium, and there's a waiting period of two to three years.

When I sold my first final expense (burial) life insurance policy nearly 30 years ago, it had a face amount or death benefit of $ 7000.