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When Buying Burial Insurance Here are some factors to consider before you embark on purchasing burial insurance coverage. The maximum amount you can buy - This will depend on your health. Burial insurance plans usually offer between $5000 - $50,000 in coverage (term and whole life can go up to 1,000,000). If you qualify - Anyone who's not dead can buy burial life insurance. It just may cost you more over a shorter period of time. How fast you can get easy issue coverage? - Many policies can go into effect the day of the postmark on the application. Burial insurance policies are usually low benefit, so there is low risk on the part of the company. Is there is a medical exam? - This will vary according to the amount you apply for and if you think you can pass one. If you are in bad health, there is no point in being refused coverage, so you should apply for a guaranteed issue type policy. Are pre-existing conditions covered? - Once you are approved, full coverage in is effect. There is a two year exclusion on suicide or fraud on all life insurance. Can the premiums increase? - Most premiums are set, but some companies can increase their premiums if they do so for everyone, while others have a set increasing amount, or will increase it based on inflation. Ready to Get a Burial Insurance Quote? NFDA Publications Insurance Publications NAIC |