As we age, it’s important to plan for our future. Assurant burial insurance plans provide seniors with peace of mind knowing that their final expenses will be taken care of and their loved ones won’t have the financial burden after they pass away.
If you’re over 50 years old and are looking for an affordable way to ensure your end-of-life costs are covered, then an Assurant burial insurance plan may be a good option for you.
However, before moving forward with a policy purchase you will want to take the time to familiarize yourself with the policy’s particulars.
We’ll discuss what these policies cover, who should consider them, how much they cost and where to find more information about them so you can make an informed decision when choosing a policy.
Table of Contents
- What is Assurant Burial Insurance?
- Who Should Consider Assurant Burial Insurance?
- What Does Assurant Burial Insurance Cover?
- How Much Does Assurant Burial Insurance Cost?
- Where Can I Get More Information About Assurant Burial Insurance?
- FAQs in Relation to Assurant Burial Insurance Plans
What is Assurant Burial Insurance?
Assurant Burial Insurance is a type of life insurance policy designed to provide financial protection for seniors and their families in the event of death.
It pays out a lump sum to cover funeral costs, medical bills, and other expenses associated with end-of-life care. This type of coverage can be beneficial for those who want to ensure that their loved ones are not burdened with expensive final expenses after they pass away.
For seniors over the age of 50, Assurant Burial Insurance can provide peace of mind knowing that your family will have the resources needed during this difficult time.
It also helps protect against unexpected costs such as medical bills or funeral arrangements that may arise at the time of death. With burial insurance, you can rest assured knowing that your loved ones won’t have to worry about covering these expenses on their own.
Assurant Burial Insurance can also cover any outstanding debts left behind by the deceased, such as credit card balances or unpaid medical bills. Without this coverage, these expenses could become an additional burden on surviving family members if not taken care of promptly upon passing away.
- Permanent life insurance.
- Issue ages: 0 – 85 years.
- Minimum face amount: $5,000 (ages 0 – 60).
- Minimum face amount $3,000 (ages 61 – 85).
- Maximum face amount: $50,000 (up to age 60).
- Maximum face amount: $25,000 (up to age 80).
- Maximum face amount: $20,000 (up to age 85).
- Level Benefit and Modified Benefit policies, depending on health class.
- Smoker and non-smoker rates.
- Often same-day application turnaround time.
- May purchase online or over the phone.
- No riders.
- Many health conditions accepted.
For more information regarding what types of policies are available from different providers along with details regarding rates and premiums, please contact an independent agent who specializes in life insurance products specifically geared towards senior citizens.
They should be able to answer all questions you might have about how best to protect yourself and your loved ones through proper planning ahead now rather than waiting until later down the road when it might be too late.
Key Takeaway: Assurant Burial Insurance is a type of life insurance policy designed to provide financial protection for seniors and their families in the event of death. It pays out a lump sum to cover funeral costs, medical bills, and other expenses associated with end-of-life care.
Who Should Consider Assurant Burial Insurance?
Assurant Burial Insurance is an affordable and reliable way for seniors over the age of 50 to ensure that their final expenses are taken care of. It can also be beneficial for those who want to leave behind money for their loved ones after they pass away.
For seniors, burial insurance provides peace of mind knowing that their funeral costs will be covered and there won’t be a financial burden on their family or friends. Assurant offers several different types of burial insurance policies, so it’s important to understand what each policy covers before making a decision.
The most common type of Assurant Burial Insurance is Final Expense Insurance, which pays out a lump sum upon death in order to cover funeral costs such as caskets, flowers, headstones and other related expenses.
This type of policy typically has no medical exam requirement and is designed specifically with seniors in mind since it requires only minimal paperwork and has low premiums compared to other life insurance policies.
Note – you will need to participate in a brief health interview. Assurant’s burial insurance is not a form of guaranteed issue life insurance.
In conclusion, Assurant Burial Insurance offers various options tailored towards meeting the needs of senior citizens who may have limited funds but still need assurance that their final expenses will be taken care of should something happen unexpectedly down the road.
With its flexible payment options, competitive rates, wide range of available products, plus added it makes sense why many seniors looking for burial insurance would consider purchasing this kind of policy today.
Seniors over the age of 50 should consider Assurant Burial Insurance for their final expense needs. To learn more about what this insurance plan covers, let’s take a look at the next heading.
Key Takeaway: Assurant Burial Insurance offers a variety of plans tailored to meet the needs of seniors over 50. These include various coverage amounts, and different death benefit features, based on your health underwriting (no medical exam required).
What Does Assurant Burial Insurance Cover?
This type of insurance provides financial protection against funeral expenses, medical bills, burial plots, and other related costs. It can also provide coverage for any debts or unpaid bills left behind by the deceased.
Assurant Burial Insurance will pay for a variety of funeral expenses such as casket purchases, embalming fees, transportation costs, flowers and more. The policyholder can choose from a range of options to customize their plan according to their needs and budget.
Note – it is difficult for loved ones to try to find free burial options if you don’t have insurance, especially while trying to value your memorial service wishes. Secure coverage to ease their minds.
Assurant Burial Insurance has the ability to covers medical bills incurred during the last days of life including hospital stays, doctor visits and medication expenses. It can also help pay for hospice care if needed during this time period.
Assurant Burial Insurance pays for burial plots or cremation services, in addition to providing funds towards memorial services such as headstones or monuments that are often used in traditional burials.
In some cases, when an individual passes away they may leave behind unpaid debts or bills that need to be taken care of before final arrangements can be made; these include credit card balances or outstanding loans which could put a strain on surviving family members financially.
With Assurant Burial Insurance, these debts can be covered so there is one less worry at an already difficult time in life’s journey.
Assurant Burial Insurance can provide peace of mind to seniors over 50 by providing financial protection for end-of-life expenses. Now let’s take a look at how much this coverage will cost.
How Much Does Assurant Burial Insurance Cost?
In general, the cost of burial insurance depends on several factors such as age, health status, and coverage amount desired.
Generally speaking, premiums start at around $10 per month for a very modest policy and can increase to several hundred a month, depending on the level of coverage chosen.
For seniors over the age of 50 who are in good health, a basic policy can be purchased for just about $20 per month with up to $10,000 in coverage.
If more extensive coverage is needed, or if there are pre-existing medical conditions present, then premiums will likely be higher than the standard rate.
For example, those with serious illnesses like cancer (consider a cancer plan) may pay up to three times more than someone without any health issues due to their increased risk factor associated with their condition.
Premiums vary depending on the plan selected but generally range from $20, all the way up to $500+ per month depending on age and health status of the applicant.
No matter what type of burial insurance you choose and qualify for from Assurant Burial Insurance, you can rest assured knowing that your family will have access to funds when they need them most during this difficult time in their lives.
Assurant’s costs vary depending on your specific needs, so it is important to do your research and compare different plans. To get more information about Assurant burial insurance, read the next heading for more details.
Key Takeaway: Assurant Burial Insurance offers a range of plans for seniors over the age of 50 to provide financial protection for their loved ones after they pass away. Rates depend on coverage amount, age, gender, state of residence, and your health status.
Where Can I Get More Information About Assurant Burial Insurance?
To get more information about this type of coverage, here are some helpful resources:
1. What is Assurant Burial Insurance?
Assurant Burial Insurance is a form of life insurance that provides funds to cover funeral and burial expenses when someone passes away.
It also covers any debts left behind by the deceased, such as medical bills or credit card debt. The policyholder pays premiums throughout their lifetime in order to ensure that these costs will be taken care of after they pass away.
2. Who Should Consider Assurant Burial Insurance?
Seniors over the age of 50 should consider purchasing an Assurant Burial Insurance policy if they want to make sure their final expenses are covered without burdening their families financially at a difficult time in their lives.
This type of coverage can also be beneficial for those who have pre-existing health conditions that may prevent them from qualifying for traditional life insurance policies due to higher risk factors associated with those conditions.
3. What Does Assurant Burial Insurance Cover?
Assurant’s burial insurance plans typically cover up to $50,000 worth of funeral and burial costs, including casket purchases, headstone fees, cemetery plot purchases, cremation costs and other related expenses associated with funerals and burials in most, but not all, states across the United States.
In addition, it can also cover unpaid medical bills or outstanding debts left behind by the deceased person upon passing away as well as any legal fees incurred during probate proceedings related to settling estate matters after death has occurred.
4. How Much Does Assurant Burial Insurance Cost?
The cost varies depending on several factors such as age at enrollment date, gender and state residence but generally speaking premiums start around $25 per month for seniors aged 50 with no serious health conditions (in most states). Premiums increase slightly each year thereafter until reaching maximum rates at age 85.
For more information about how an Assurance burial plan could benefit you or your loved ones, contact an expert independent agent.
You can find out what types of plans are available in your area along with detailed pricing information so that you can make an informed decision regarding which plan best meets your needs and budget requirements.
Key Takeaway: Assurant Burial Insurance is a form of burial insurance designed to provide financial protection for final expenses and other costs associated with death. It typically covers up to $50,000 worth of funeral and burial costs as well as any debts left behind by the deceased person.
FAQs in Relation to Assurant Burial Insurance Plans
How much does a burial policy cost?
The cost of a burial policy will vary depending on the type of coverage and the provider. Generally, final expense policies are more affordable than other types of insurance plans, with premiums starting at around $25 per month.
Some plans can be more expensive, ranging from several hundred to thousands of dollars annually. Ultimately, it is important to compare different providers and plan options in order to find the best rate for your individual needs.
What type of insurance does Assurant offer?
Assurant offers a wide range of insurance products for seniors over the age of 50, including final expense.
Final expense insurance, also called burial insurance helps cover funeral costs or other expenses related to end-of-life care.
Assurant burial insurance covers a variety of costs, from funeral and memorial services to medical bills, and it can be tailored to fit your budget.
With different coverage options available, it’s important to do your research before making any decisions about purchasing an Assurant burial insurance plan.
For more information on Assurant burial insurance plans, speak with a licensed agent today.
Seniors need to be aware of their options when it comes to burial insurance. iSeniorBenefits offers a variety of plans that can provide peace-of-mind and financial security for seniors who are looking for coverage.
With flexible benefits, competitive rates, and personalized service from experienced agents, seniors can find the protection they need in uncertain times. Don’t wait any longer – contact us today to learn more about our comprehensive offerings.