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Super Simple Guide to Getting Burial Insurance for Your Parents

Written by Al Kushner

Founder & CEO | Best-Selling Amazon Author

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Five main funeral insurance questions asked fall under:

  • Is It possible I purchase insurance for my parents’ funeral?
  • How can I purchase life insurance for my parents?
  • How does taking out life insurance policies for someone else work?
  • Do my Parents have to know I got them a life insurance policy?
  • Am I able to purchase burial insurance on my parents?

The questions above are generally the most often asked. In some cases, it can be stress-inducing when you have parents that are seniors without a burial insurance policy set in place.

As long as your senior parents are aware and you have an insurable interest, it’s highly likely you’d be able to purchase an insurance policy for their funeral.

Is It Achievable to Buy Life Insurance Policies for Family Members?

Looking to purchase a funeral insurance policy for your senior parents? This question is asked daily and consistently. In short, Yes.

Here we strive in providing stellar service and teaching you how to best cover the funeral expenditures for your parents. Furthermore, our step-by-step process is seamless on how you can proceed to purchase the burial insurance you need for your senior living parents.

Can I Purchase Insurance Policies for Other People?

Is it achievable to have a funeral policy for someone else? Yes, it’s possible to buy funeral planning for others inside your family. The only exception to the rule is, the other person has to be aware of this.

Examples can vary from your mother or father, or closely related peoples, and even someone who has no family left and you simply falling under the next chain of kin. Simply provide the best result, peace of mind for everyone involved.

Would You Be Able to Purchase Life Insurance Plans for Your Parents?

Burial coverage for Parents over the age of 75

Having to buy insurance policies for older parents is much more crucial than given thought. Regardless of funeral quotes for your father or mother or burial insurance policies set in place for your parents above the ages of 75.

Obtaining an insurance policy for them or someone else is much more seamless than one would like to think.

Sitting out there are countless insurance companies that cover burial as a part of their plans. Even offering packages that include instant same day coverages with the burial plan.

Shouldn’t something be mentioned about the insurance policies that include no medical exams? As stated beforehand, no medical exams are required.

What about in the instance my family has more than one funeral policy in place? This is completely normal, and okay by every means! Reason being that most if not all policies have holes in them unable to cover certain expenditures for their burial process.

In some instances, family members would like to leave legacies behind or even trust funds and stocks for their children(s). This question is asked all too often as well, and we’re here to help. We provide you with a seamless step by step guide on how to accomplish this.

Zero Examination Life Insurance Policies for Parental Guardians

What quantity of life insurance is provided without visiting a doctor for a physical? The amazing part of an instant same-day funeral insurance policy is there are zero exams involved in the process! A streamlined entire life insurance policy with zero medical examinations!

Of course, there will always be medical health concerns and questions as mentioned previously, although it stops there.

Each carrier is unique in the guidelines they have set. Once you are qualified to proceed we are more than happy to help establish a relationship to ensure you are cared for by our highly recommended A+ carriers.

This in mind it’s achievable to provide a precise quote predetermined by simple health-related questions.

What the Process When Burial Insurance Is Bought for Parents?

Is the insurance for burials worth the expense? Insurance policies for burials (other names such as, final expenditure insurance or even funeral insurance) are types of life insurance policies that bring all parties involved a sense of comfort in the mind.

When it comes to comparing the difference between life insurance fees and funeral expenditures that accrue over time the two are far and wide.

On the other hand, when it comes to policies for the final moments these can include coverages from medical billing, directors for the funeral, funeral housing, and countless other things.

In any case when it’s time that your family member(s) pass a form for their claim will be completed and returned with their certificate of death.

Throughout this process, we will stick by your side. We understand emotional times like these can be difficult, so we are here for you.

Purchasing Insurance Policies for Parents Funeral

Am I able to acquire insurance for the burial of my parents?(otherwise known as final funeral insurance for guardians)

Let’s face it, your parents resolved all your problems maturing into adulthood. In this scenario, circumstances change and now you’re the adult asking if it’s possible to purchase insurance policies for your parents’ funeral?

This type of insurance for their burial is simply the most advisable thing to do for you and your family. Things to have on hand when calling in for quotes:

  • Weight/ and Height
  • Current Mailing Address and Valid Phone Number
  • Previous Medical History with Prescriptions (Current and past changes with medication)
  • History anything Medically Involved (Surgeries or even Procedures done)
  • Health Condition
  • Who is the one buying the policy? (Who pays the insurance premium?)
  • Beneficiary Name(s) (Include Birthday)
  • Coverage amount wanted

Key Distinctions Between Burial Policies and Life Insurance Plans for Parents

Aren’t Life Insurance Policies and Funeral Insurance Equivalent?

What are the differences between the two policies for life and burial insurance?

Insurance for Burials What is this?

In short, this is a form of life insurance. Yes, they are equivalent to the things they do. Insurance for burials is nothing beyond whole life insurance plans made easy.

Let’s relay back to the question – is it possible to purchase life insurance policies for my family members or parents?

To be clear the term life insurance is often described as the most common kind of insurance for your life.

This typically being purchased at younger ages in life. These policies render from 10, 20, or even 30-year terms for their policies. Typically backed by a medical examination for the asking coverage.

  • Terms that have all equivalent value in meaning
  • Final expenditure insurance
  • Insurance for Burying family
  • Crematory process insurance
  • Insurance for Funeral

The process to buy an insurance policy for your parents’ burial is beyond a seamless process to have happened.

With today’s technology, this can easily be done in less than 30 minutes to activate yourself a policy. Take it easy now as with the coverage you purchase will now cover your final expenditures as everything is part of the same plan.

How do I know if my policy contains a cash value? Over a length of the time yes, these burial policies do gain monetary value.

When the time does come contact the insurance agent you are working with and they should be able to provide clear illustrations on how this process works.

What Do I have to Know About the Goodman Triangle?

IMPORTANT: Tax Knowledge that will save you! Give us thanks later!

If you take anything away from this, understanding that there are three major components in the Goodman Triangle will take you miles ahead in the understanding of the burial or life insurance policies available.

In examples such as this, if the person being insured (PARENT) is a different person than the individual paying (YOU) and in the instance, the beneficiary is someone related to you, perhaps a brother (JACOB) in the event your guardian dies, JACOB is the person who will claim the death benefits as in this instance is the beneficiary.

Although as YOU are the person paying for this, in the IRS’s eyes they will see this as a present to JACOB and of course tax you as they see fit.

Is it Possible to Avoid the Goodman Triangle?

Yes, to accomplish this – the people in the positions of the beneficiary and payor need to be the same.

What Coverage Is Given to My Parents for Burial Insurance?

Being able to reach serene states of living.

Typically, this is something that sits on the to-do list for a long time. Check that task off! Finally, you’ve set in stone a burial insurance plan that covers your parents.

Financial worries and this burden of figuring out what will happen after they leave has been lifted off of you, your mother, and your father. In any case, parents probably wouldn’t feel too happy if they knew this was a financial burden that you had to carry that stressed you out.

Do I have To Tell My Parents I Bought Them a Funeral Insurance Policy?

Common Questions for Burial Expense Insurance for Parents

What information should I be aware of about funeral insurance policies for guardians? In most cases it’s okay to feel overwhelming senses and have countless questions like the following:

Is It Required My Parents Take a Medical Examination? Life Insurance for Parents’ Burials Does Not Require a Medical Exam!

No, unlike other life insurance policies out there, this kind is a simplified plan that includes Entire Life Insurance for Burials. APPROVALS INSTANTLY THE SAME DAY. If you have any questions be sure to ask your agent about them or other questions such as the terminal illness rider.

This is typically built right into most insurance policies that cover burials. Companies that do this include but aren’t limited to, Mutual of Omaha.

Is It Possible to Obtain a Quote or Rate for Funeral Insurance Policies and Plans Today?

How do I go about purchasing burial insurance for my guardians? In any instance to begin the process you can simply fill out the form on this page to the side or call us directly.

We’re here working for you as your independent agency sidekick. Available 7 days out of the week answering any questions that you may have.

Are Funeral Insurance Policies for Senior Living the Same as The Burial Insurance Plans?

Yes, as mentioned before the burial insurance name varies from person to person on what they need to be accomplished in their plan. Burial insurance policies typically remain similar in many fashions, although from person to person may be called something different.

What Happens If Health Issues Are Occurring With my Parents? What Burial Insurance Plan Works Best for Their Situation?

This depends on the health conditions your parents are in. The insurance type could vary and be graded differently to benefit in different ways that others couldn’t. Although this in mind, they still qualify for immediate approval.

Quotes for Burial insurance policies are generally based on eligibility. The way this is determined revolves around health-related questions and some underwriting inquires.

Once data has been collected, we work within our partner program to provide the best accurate insurance rates for your funeral based on the information provided.

Is it Possible to Purchase A Funeral Insurance Policy if My Parents Live in a Different Location than I do?

This depends, it is highly advisable to work closely with your agent as from state to state there are regulated laws for instances such as purchasing insurance policies for burials.

Modern technology will make it easy for you to figure out if you can or cannot. If you’re living in Arizona and your Parents are in New York. The requirements for most insurance policies only require an over the phone voice signature or signatures via email for almost instant approvals in most cases. So, in most situations, all that is required to get started would be a mobile device.

Is it Mandatory I Get Consent from My Parents?

Can I buy an Insurance policy to cover the burial for my parents without their knowledge? In most if not all situations, obtaining life insurance policies on anything without consent will be labeled as insurance fraud.

Along with this, you will need some form of insurable interest. Resulting in some financial burdens when guardians pass.

The Factors that Decide What’s Included in Your Insurance Package

How much does it cost to afford a funeral insurance policy? Factors that can decide the monthly rate. Client age, current health conditions, do they use tobacco?

Is there some form of congestive heart conditions causing the failure, or even including but not limited to COPD, etc.

Am I Allowed to Purchase More Than One Funeral Insurance Policy?

Will I get into legal trouble if I acquire more than one funeral insurance policy? The Truth is No! It is completely legal to have more than one burial policy in place.

Commonly, people feel their policies do not cover everything that they’d like for the final expenditures.

Leaving people not wanting their family to spend any money at all when they leave. In turn, requiring them to obtain other insurance policies to cover this.

It’s very common that in most cases to have a preset life insurance policy and then when the time comes to purchase the burial insurance policy in place to ensure that the legacy and items are left to the next of kin in the family.

Am I Authorized to Pay for My Fathers Burial Insurance Policy?

Absolutely, yes. Your father’s insurance will be covered if someone is paying the fee. This includes you being the payee and your father being the receiver of the insurance.

Of course, as mentioned previously insurance policies for burials differ from state to state, so this question would be perfect for your insurance agent working with you.

For example, the product coverages and limitations from New York with different tremendously from another state such as Arizona.

What Is the Average Pricing to Put together a Funeral for My Guardians?

The most asked questions are how much do burial insurance policies cost? Generally, when it comes to the rate of a funeral across the country it costs around $8,000 upwards to $12,000.

Bearing this knowledge in mind, we’ve created a list of expenditures to be aware of when it comes to funeral services.

Cremation on the other hand of course will tremendously reduce the price in expenses for a funeral and even these changes from location to location.

  • Funeral Casket
  • Bouquets
  • Directors fee for the funeral
  • Transporting Casket & everyone attending a funeral (limo/ hearse)
  • Funeral Ceremony
  • Grave location and gravesite
  • embalming
  • etc..

This kind of insurance covers all those extra financial expenditures that you otherwise would have to face when your guardians pass.

In instances where the guardian dies, the insurance company you’re working with will send the beneficiary the benefits from the death.

This in short will and should help cover all the extra fees accumulated for the process, including medical bills, debt, funeral fees, etc.

How Do Funeral Insurance Policies Work For Guardians Above Age of 50

Is it allowed that I obtain a life insurance policy for my mother? Yes. In this example, let’s say she’s above the age of 50 and still healthy.

Yet again, Yes. Her rates for this kind of insurance will likely be lower than normal.

Chances are your guardians have been putting this process off for some time. They’ll likely be so happy you’re assisting them with this process.

Burial Insurance Policy No Health Inquires for Guardians

For Senior parents experiencing higher-risk health conditions what are the best options for funeral insurance policies?

When it comes to our loved ones who suffer from chronic illnesses, some companies do offer policies that contain guarantees. Similarly, they’re not far in between traditional life insurance.

Of course, with exceptions such as the no health questions asked. Within this policy, the amount for coverages depends on the age limit which falls between 50 and 85 years young.

Burial Protection for Guardians More than 60

How would I go about getting a burial insurance policy set up for my Parents over 60?

Typically, around this time, your parents are still in well health.

Do you think this would be enough to pay for a burial?

Everything in mind, the answer simply would be NO.

For many reasons, this is why so many families are turning and taking burial policies out on themselves including their guardians.

Consider this, are you sitting on $10,000 -$15,000 to expend for a ginormous burial bill?

Term Life Strategy for Your Guardian Funeral Costs

Is this something to consider?

No! Not even a chance! Let me explain why.

When Term Life Policies are considerable:

– Loan for a car

– Mortgage for a home

If you do need these covered for your parents who are over the age of 60. Then it is considerable to shop around for life insurance.

Along with this, a term length isn’t such a bad idea to cover taxes on the estate. Also consider that at this age, 30-year length terms are no longer accessible to you.

In the instance you need larger face amounts for longer lengths of time as seniority, consider asking us about our amazing GUL product.

Notwithstanding, to the extent to term……

So, consider this when looking at the term, when the term terminates, of course, your parents will have aged, and consequently their health has had changes. This in mind your life insurance prices will dramatically increase.

This then forces you to weigh out your options about life insurance policies that contain guarantees and have no health questions.

Paired with this is a two-year-long duration of waiting if your well-being has changed for the worse.

Policies of This Nature Cover Accidental Fatalities from the Beginning!

In most cases, your life insurance rate will rise a little.

(Keep this in mind, anything beats having nothing) ~ Is there $8,000 – $12,000 laying around your house for funeral expenses?

Once the decision is made for the insurance plan for your guardians, then comes the discussion of face amount and quotes for life insurance.

It’s needed that you purchase a burial insurance policy for your guardians today, better sooner than later, and end up forgetting.

As well, with the age in your parents increasing so do your premium expense.

We all like to think the time is infinite. Simply, this is not true.

Our wellbeing can change at any instant, a tumble or anything could change you. This of course starts to drain you financially and on every other level.

Last cost life insurance with no exam is such an easy decision!

Funeral Insurance Policies for Seniors Over the Age of 70 Do Exist!

Of course, at this age, it’s ideal to have some form of final cost insurance plan in play. Obtaining life insurance for your parents at this age of 70 has been made much easier than you’d imagine.

There’s a reason you’re here. You simply would like to supply your Guardians serene states of mind as they simply would like to bog you down with finances related to funeral expenditures in cases of their passing.

Quotes for Life Insurance Made Simple for Parents

Burial Insurance: How Much Does This Cost?

Average pricing for burial insurance is simply profile-based.

Here are a few reasons:

– Age

– Medicine currently using

– Medicinal history

– Surgeries, etc.

The following are monthly quotes for a solid 60-year-old male, non-smoker. The face measure of $15,000. Level advantages.

Sentinel Security $63.13

Security National Life $63.54

Mutual of Omaha $ 64.04

Instructions to Put Life Coverage On Your Guardians

Simply take the first step in making the decision to have the conversation. Simply there’s no reason to have the burden of the expenses when they pass.

Talk about medicines they are taking and the conditions they have. As mentioned previously you need permission in order to purchase these policies for them.

When you and your folks are on the same wavelength, call us. No one is denied insurance coverage! At Superior Mutual, we help children purchase life insurance for the parents constantly, and we can certainly can help you as well. Complete our quote form, then contact us to find the lowest life insurance premiums for your parents today!

About Al Kushner
Al Kushner
He is a recognized financial educator, best-selling author, speaker, underwriting specialist and the founder & CEO of Superior Mutual, an independent insurance agency. He has helped families and individuals preserve, protect, and pass on a legacy since 1986. His mission is helping hard working seniors keep more of what they have worked a lifetime to save.

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