What are the burial insurance companies of 2024? Covering medical bills, burial costs, and other expenses after death can be financially challenging.
Burial insurance, also known as final expense or funeral insurance, is designed to alleviate these costs by providing funds specifically for burial and related expenses.
As you plan for the future, finding the best burial insurance company for 2024 can help ensure you get the coverage you need at an affordable rate.
In this guide, we’ll highlight the top burial insurance companies of the year, comparing their rates, quotes, and terms to help you make an informed decision.
Best Burial Insurance Company of 2024
There are different burial insurance companies you can purchase insurance from in 2024. In this section, we’ll explore some of the best burial insurance companies of 2024. They include:
AARP
If you are looking for a burial insurance company with competitive costs, AARP, also referred to as New Your Life, is the best for you.
This insurance company has a low level of complaints concerning its insurance policies from its customers. Aside from these, AARP allows policyholders to get insurance quotes easily online.
State Farm
State Farm Life insurance has an affordable burial insurance cost best for policyholders looking to get insurance coverage that fits into their budget.
Instead of visiting this insurance company in person, customers can easily access and purchase burial insurance quotes online. Unfortunately, this insurance company’s insurance policies are not available to every state.
American Family Life Insurance
Unlike other insurance companies, this burial insurance company offers a wide range of insurance options for policyholders.
These options include property insurance, vehicle insurance, business insurance, and so on, including burial insurance. You can purchase multiple life insurance policies from this insurance company.
ETHOS
ETHOS is yet another burial insurance company that offers coverage for burial expenses immediately after the first premium is paid.
In cases where you need quick insurance coverage, this insurance company is a good option to consider. However, after age 100, policyholders will no longer pay for insurance premiums instead; the policy will remain in place.
Mutual Of Omaha
This insurance company allows customers to purchase burial insurance at a young age for a cheaper price.
For as little as $2,000, younger customers can get burial insurance, which makes it one of the best to consider.
People who only need short-term life insurance coverage can easily purchase insurance from this insurance company.
Fidelity Life
If you are older, you have a severe health condition, or in cases where you were not approved for insurance before now, this insurance company could be best for you.
Fidelity Life offers different no-exam insurance coverage options to customers. These coverage options include burial expenses, whole life, and accidental death benefits insurance policies.
Lemonade
Lemonade offers life insurance policies through its technologies, which makes the insurance process better and easier.
Policyholders can easily purchase life insurance, including burial insurance, from their insurance options online instead of in person. No medical exam is required from customers by this insurance company.
In summary, the best burial insurance companies of 2024 offer various benefits, from affordable rates with AARP and State Farm to immediate coverage with ETHOS. Choose based on your needs and preferences for peace of mind.
Frequently Asked Questions
What Is Burial Insurance?
Burial insurance is a whole life insurance policy that has a little death benefit. This death benefit is for the payment of funeral expenses and related costs. Funeral expenses are the only reason why many older policyholders purchase a burial life insurance policy.
What Does Burial Insurance Cover?
Burial insurance covers every expense of death after the early years of the insurance policy. If a policyholder dies of an illness after the first two years of purchasing the policy, only 10% interest paid on premiums would be offered to the policyholder’s beneficiaries.
What Is The Death Benefit?
Death benefits are the amounts of money paid by a burial insurance company to the beneficiaries of a diseased policyholder. This benefit is used by the beneficiaries to cover burial expenses.
Burial Insurance Alternatives
If getting a burial insurance policy is not looking good enough, you can go for its alternatives. Life insurance policies like traditional whole life insurance, universal life, term life insurance, and final expense life insurance. These alternatives also offer financial protection towards burial expenses.