As a veteran, you have earned the right to receive certain benefits when it comes time for your burial.
Burial insurance for veterans is one of these rights that can provide financial protection and peace of mind during an already difficult time.
Here, we will be discussing what burial insurance for veterans entails, how you can get coverage, and who is eligible to receive it.
We’ll also discuss additional coverage options and some frequently asked questions about this important topic – so that you are fully informed before making any decisions regarding funeral planning or related services.
Finally, we’ll look at next steps if you decide to purchase a policy today.
Table of Contents:
- What Is Burial Insurance for Veterans?
- How Can I Get Burial Insurance for Veterans?
- What Are the Benefits of Having Burial Insurance for Veterans?
- Who Is Eligible to Receive Burial Insurance for Veterans Coverage?
- Do I Need Additional Coverage After VA Burial Benefits
- Frequently Asked Questions
- How to Apply for Burial Insurance as a Veteran
What Is Burial Insurance for Veterans?
Burial insurance for veterans is a type of burial insurance that helps cover the costs associated with funeral and burial expenses.
It can be used to pay for items such:
- Funeral service
- Flower arrangements
Veterans have two options when it comes to obtaining burial insurance: through the Department of Veterans Affairs (VA) or private companies.
Department Of Veterans Affairs
The VA offers several different types of coverage depending on eligibility requirements.
- Service-Disabled Insurance (S-DVI)
- Veteran’s Affairs Life Insurance (VALife)
- Veteran Burial Allowance (Veteran death benefit)
One of most common types is Service-Disabled Veteran Insurance (S-DVI), which provides up to $10,000 in death benefits for veterans who were discharged from active duty due to a disability incurred or aggravated during their military service.
There are also additional plans available for veterans who served during certain periods of war or conflict as well as those who served in peacetime only.
Veteran’s Affairs Life Insurance
In addition to S-DVI coverage, the VA also offers Veteran’s Affairs Life Insurance (VALife). This plan provides up to $40,000 in death benefits and covers any veteran.
Monthly premiums for VALife are based on your age at the time of enrollment.
Veteran Burial Allowance
Finally, Veteran’s Affairs also provides a burial allowance if you are not reimbursed by another organization, such as your employer.
Burial allowances offer up to $2,000 for funeral costs*, a burial plot, internment, and transportation.
In addition to life insurance policies specifically designed for veterans, there are also burial insurance plans available through private companies which provide extra coverage beyond what is offered by VA burial benefits alone.
These plans typically pay out cash upon death which can then be used towards medical bills not covered by traditional health insurance programs, such as Medicare.
These plans often provide higher levels of coverage than what’s offered by the VA, but come at an increased cost too.
Look to the following top-rated private companies:
- American Amicable Senior Choice
- SBLI Living Legacy
- Mutual of Omaha Living Promise
- Guarantee Trust Life Heritage Plan
- AIG Guaranteed Issue Whole Life Insurance
It is important to note that some insurers offer guaranteed issue life insurance plans that don’t require any health questions before being approved – meaning even those with pre-existing conditions can get covered.
It is important for veterans, and all seniors over 50 years old, to consider their individual needs when selecting burial insurance options – so they can make an informed decision about which policy best suits them financially and medically.
No one wants their loved ones left with unexpected financial burdens after they pass away, or force their loved ones to look for free burial places, so it is essential to choose a policy that meets all of the necessary requirements.
Key Takeaway: Burial insurance for veterans is available through the Department of Veterans Affairs and private companies, with different levels of coverage depending on eligibility requirements.
How Can I Get Burial Insurance for Veterans?
Burial insurance for veterans is an important way someone can ensure that their final expenses, such as cremation costs, are taken care of.
Eligibility requirements vary depending on the type of policy chosen, but generally-speaking, most veterans qualify regardless of age or health status so long as they served honorably in any branch of the military including:
- Active duty
- National Guard members
- Retired personnel
- Discharged personnel (who were medically separated due to injury sustained during service-related activities)
In order to receive VA life insurance or burial benefits, you must confirm eligibility through the one of the following sites:
Ultimately, it is up to each individual veteran’s needs when deciding whether they need additional coverage after receiving VA burial benefits – since everyone’s situation will differ based on personal circumstances.
Burial insurance is worth it for many veterans as it provides peace of mind and financial security for those who have served our country. In the next section, we will discuss how to find the right burial insurance policy that fits your needs.
Note – Veterans may be eligible for a free National Cemetery Administration (NCA) headstone or marker from the Veterans Affairs (VA). These markers can be personalized. Private companies also offer granite and bronze grave markers which can be purchased at additional cost.
What Are the Benefits of Having Burial Insurance for Veterans?
The benefits of burial insurance are numerous.
It can help cover the price of a funeral, transportation costs, and other related expenses that may arise after a veteran passes away.
For those who are eligible for VA burial benefits, having additional coverage through burial insurance (not just burial allowances) can be beneficial.
Specifically, it’s important to know that VA only provides up to $2,000 in burial allowances. This amount is usually not be enough to cover all associated costs of a memorial service.
Burial insurance through a private company, on the other hand, offers up to $50,000 in coverage. Policies provide extra funds, if needed, so loved ones don’t have to worry about covering these expense like cremations, out-of-pocket.
Overall, having burial insurance is an important consideration for any veteran looking to ensure their family is not burdened with end-of-life costs, giving them one less thing to worry about.
Key Takeaway: Burial insurance is an important way to provide financial security for veterans and their families in the event of death. It can help cover funeral expenses, transportation costs, and other related costs that may arise after a veteran passes away.
Who Is Eligible to Receive Burial Insurance for Veterans Coverage?
The Department of Veterans Affairs (VA) offers several different types of burial insurance for veterans.
Pre-need eligibility allows eligible veterans to apply for benefits before they pass away. This means that if an individual meets all the requirements set by the VA, they may be able to receive benefits even if they are not yet deceased.
To qualify for pre-need eligibility, individuals must meet certain criteria such as:
- Having been honorably discharged from active duty service or
- Being a veteran receiving disability compensation or pension payments from the VA at time of application submission.
- Applicants must provide proof of discharge papers and any other documents required by the VA.
In addition to providing financial assistance through pre-need eligibility status, survivors may also be eligible to receive survivor benefits after an eligible veteran passes away.
These benefits include reimbursement of up to $2,000 towards funeral expenses as well as interment allowance which covers up to $700 worth of grave marker installation fees at national cemeteries managed by the National Cemetery Administration (NCA).
Survivors may also be entitled to receive additional allowances depending on their relationship with the deceased veteran.
For example, transportation allowances and plot allowances, among others, provided that all necessary documentation is submitted within two years following death date, along with applicable forms prescribed by NCA regulations .
Certain dependents such as spouses or minor children may also be eligible to receive some form of benefit upon death regardless whether it was due natural causes or service connected disabilities under certain circumstances outlined in 38 U.S Code § 2303(a)(1).
Such dependents will need proper documentation verifying their relationship with the deceased veteran, along with evidence showing how much money was spent on funeral services prior submitting request for reimbursement from NCA office located nearest them.
Burial insurance for veterans is available both before and after passing away.
Pre-need eligibility status allows access to the insurance prior to death, while survivor benefits are available afterwards.
All applications should follow instructions specified in relevant sections found within 38 U.S Code and meet the requirements set forth therein in order to ensure successful claim processing.
Burial insurance for veterans is available both before and after death, with pre-need eligibility status allowing access to the insurance prior to passing away and survivor benefits available afterwards.
Do I Need Additional Coverage After VA Burial Benefits
VA burial benefits are a great way to help cover the costs of funeral expenses. However, these benefits may not be enough to cover all of your or your loved one’s final expenses.
If you have additional needs or would like more coverage than what is offered through VA burial benefits, there are other options available.
Private Burial Insurance Options
Burial insurance – through private life insurance companies – is an affordable option for those looking for extra protection after VA burial benefits.
It can provide financial assistance for cremation costs and other related expenses such as medical bills, unpaid debts, probate fees and estate taxes.
Most policies will pay out a lump sum benefit, in a much larger amount than what the VA offers, upon death that can be used by the beneficiary in any way they choose.
What Are My Coverage Options?
When it comes to choosing a policy, there are several different policy options – depending on your individual needs and budget.
For example, final expense, otherwise known as burial insurance, offers basic coverage at an affordable rate:
- Face amounts between $2,000 – $50,000 in coverage.
- Simplified or guaranteed underwriting.
- Permanent coverage.
- Modest cash value amounts.
- Affordable premiums.
- Easy to qualify for.
How Do I Choose The Right Policy For Me?
Choosing the right policy for yourself or your family, after VA burial benefits have been exhausted, depends on individual circumstances and goals.
Factors such as age, health status, lifestyle habits (such as smoking), budget constraints and how much money is needed now versus later – should be taken into consideration.
However, keep in mind, the cost of burial insurance is typically cost-effective.
You will want to conduct a needs analysis to determine how much coverage is ideal for your unique needs. Tally up your estimated final medical bills, the cost of your desired memorial service, and any additional anticipated costs.
Seniors often purchase the following burial insurance amounts:
For veterans, burial insurance can provide additional financial protection for their families beyond the VA burial benefits.
Key Takeaway: VA burial benefits are a great way to help cover funeral expenses, but they may not be enough. Burial insurance is an affordable option for those looking for extra protection and there are several different options available, depending on individual needs and budget.
Frequently Asked Questions
For veterans over the age of 50, burial insurance is an important way to ensure that their final expenses are taken care of.
Veterans may be eligible for burial benefits through the Department of Veterans Affairs (VA), but these benefits may not cover all costs associated with a funeral or memorial service.
That’s why many veterans opt to purchase additional coverage from private companies in order to make sure their loved ones aren’t left with any financial burden after they pass away – making burial insurance worth it.
How Can I Get Burial Insurance for Veterans?
Veterans can apply for VA burial benefits online.
The application process typically takes about 30 days and requires proof of military service, such as a DD Form 214 or other official documentation showing honorable discharge status.
Once approved, the veteran will receive a Certificate of Eligibility which must be presented when making arrangements with a funeral home or cemetery provider.
In addition to VA burial benefits, veterans can also purchase additional coverage from private companies offering life insurance policies specifically designed for seniors over the age of 50. Up to $50,000 in coverage is available.
These policies usually offer higher death benefit amounts than traditional life insurance plans and are often more affordable due to lower premiums and fewer restrictions on eligibility requirements based on health history or lifestyle choices like smoking habits.
What Are The Benefits Of Having Burial Insurance For Veterans?
Having burial insurance provides peace of mind knowing that your family won’t have any unexpected financial burdens if something happens to you suddenly without warning – it’s one less thing they’ll need to worry about during an already difficult time in their lives dealing with grief and loss .
Additionally, having this type of policy ensures that your wishes regarding how you’d like your final arrangements handled will be respected even if there isn’t enough money available right away from other sources, such as Social Security survivor’s benefits or pension payments made by employers after death occurs.
Do I Need Additional Coverage After VA Burial Benefits?
In many cases, yes.
However, it depends on individual circumstances – some families may find that what’s provided through VA is sufficient whereas others might want more comprehensive protection against the potential high costs associated with the price of a funeral and final medical bills.
Ultimately, it comes down personal preference and financial needs when deciding whether or not to supplement existing VA coverage with an additional policy from a private company, such as SBLI.
Key Takeaway: Burial insurance for veterans over the age of 50 is an important way to ensure that their final expenses are taken care of. Veterans may be eligible for VA burial benefits, but these may not cover all costs associated with a funeral or memorial service.
How to Apply for Burial Insurance as a Veteran
Applying for burial insurance as a veteran is often a straightforward process.
Before beginning the application, it is important to gather all necessary documentation such as proof of military service and age. This information will help verify eligibility and provide accurate quotes from insurance providers.
Once documents are gathered, veterans should contact an agent or brokerage firm that specializes in providing burial insurance coverage for veterans.
An experienced agent can answer questions about policies available, explain the different types of coverage offered, and assist with completing the application form correctly.
The last step in applying for burial insurance – whether through the Veteran’s Affairs, a private life insurance company, or both – is submitting the completed application and any necessary supporting documents.
Depending on your individual circumstances and military service history, applicants may receive an offer right away.
If accepted, be sure to keep a copy of your policy in a safe place, and let your beneficiary know where it is stored so that there are no delays when it comes time to file a life insurance death claim.
Just be sure you have the necessary documentation and contact an experienced agent or brokerage firm.
As a veteran, you deserve the peace of mind that comes with knowing your final expenses are taken care of. iSeniorBenefits offers private burial insurance for veterans to help them plan ahead and secure their financial future.
Our products provide coverage at an affordable rate so you can rest easy in knowing that your loved ones won’t have to worry about covering any additional costs when it matters most.