قالب وردپرس درنا توس
Home / Insurance / 5 ways to get funeral insurance at low cost 2020

5 ways to get funeral insurance at low cost 2020



Only about 60% of all Americans have life insurance, and of these people, only about half have adequate coverage for their needs.

When you think of funeral insurance, you may be thinking of the high cost of securing your family's future financial security.

  low cost funeral insurance

However, funeral insurance does not have to be expensive – and today we will tell you how. Here are five simple steps you can take to get a low cost hedge.

1. Lose Weight

Although weight may not initially appear to you as something you should keep in mind when purchasing funeral insurance, it is important that an insurance company decides to approve or reject your application.

Most insurance companies view obesity as a health risk, making them reluctant to insure overweight individuals.

Obesity can lead to serious health complications, including:

Although the weight may not initially appear to you as something you should consider when buying funeral insurance, it is an insurance company's decision to approve or reject your application.

Most insurance companies view obesity as a health risk, making them reluctant to insure overweight individuals.

Obesity can lead to serious health complications, including:

  • Heart and liver disease
  • Heart attack
  • Stroke
  • High blood pressure
  • Diabetes
  • Cancer

When an insurance company sees that an individual have a higher risk of these conditions, they may refuse to cover them.

For example, Mutual of Omaha Funeral Insurance takes into account your height and weight when deciding whether to insure.

Companies also report weight-related health problems that may occur during your insurance waiting period.

You can find funeral insurance without waiting time and insurance companies that do not use weight as qualifying.

However, if you are overweight, you may want to consider losing weight to reduce your funeral insurance costs and increase the likelihood of your approval.

If you are planning to take measures to lose weight, consult a doctor to determine the best course of action. Your doctor can advise you on how to do this safely.

They may also recommend changes to your diet or activity level that may lower the risk of adverse health effects associated with obesity.

Life insurance easy.

Agents not required.

Get a quote and register online without talking to an agent. But we're here if you need us.

Impartial, expert advice.

Get impartial insurance training from licensed experts and also avoid questionable sales calls.

Coverage in minutes.

You can get life insurance coverage within minutes of receiving your quotes and application.

2. Quit smoking

If you smoke, you can pay up to 50% more for your funeral insurance than a non-smoker.

Although many companies will still insure you, it can be more difficult to get a funeral at low cost. insurance

Smoking leads to many serious and long-term health problems, including:

  • Cancer
  • Chronic obstructive pulmonary disease (COPD)
  • Emphysema
  • Lung disease
  • Heart disease
  • Stroke

Many insurance companies to ask you if you have smoked in the last 12 months when you go through screening for funeral insurance.

If you tell them you have – no matter how often – they will consider you a smoker and raise your premium.

When you quit smoking, your risk of related health effects begins to return to normal, even if you used to smoke regularly.

In turn, insurance companies are more likely to consider you for low cost burial. insurance, as long as you quit 12 months before applying. [19659044] Some insurance companies do not charge you a higher premium if you are a smoker, such as AARP funeral insurance.

But if you want to maximize your chances of getting a low interest rate no matter which company you choose, it is best to quit smoking.

3. Shop around

When it's time to buy funeral insurance, do not buy the first insurance you see.

Instead, you can shop and ask different insurance companies about their prices and insurances. Before buying a plan, consider your needs.

If you have chronic or long-term health problems, consider which companies offer you coverage and at what cost.

For example, Metlife funeral insurance costs almost twice as much as what you will see from Mutual of Omaha, whether you have health problems or not.

You should also consider your age when searching for the right policy. AARP offers some of the best coverage when it comes to low cost funeral insurance for seniors over 70 years.

Knowing the insurance cost for your age group allows you to get the best premium.

You can check prices from various insurance companies online or call them for a quote before you buy.

If you know someone who already has funeral insurance and feel comfortable talking to you about it, ask them about their experience with a specific company.

4. Pay by bank draft

Some funeral insurance companies offer discounts if you pay for your insurance by bank draft.

This means that instead of making a manual monthly payment, you allow the company to take your premium payment from your bank account automatically every month.

  Low Cost Final Cost Insurance

These automatic payments ensure that your premiums are paid on time, eliminating the possibility of late fees and in the worst case loss of insurance coverage.

Bank draft offers insurance companies guaranteed payments from your bank. They also make sure you have enough money in your account to cover your monthly payments.

Some insurance companies give you a small discount if you set up bank drafts as payments in this way provide more security when it comes to keeping track of regular payments.

5. Pay annually

As with other types of insurance, such as home and car, some insurance companies reduce your funeral insurance costs when you pay an annual premium as opposed to a monthly one.

Others, like Colonial Penn, give you one month of free coverage when you sign up and pay annually.

If you choose to pay your funeral insurance annually, make sure you can afford to do so.

It is important that you understand your own budget needs and spending habits to ensure that you will not suddenly get money with money when that payment comes.

Ideally, you can find low cost funeral insurance from a provider with no additional fees based on your health or age.

If you can find funeral insurance at an already affordable premium. Paying annually can lower your payments further.

Life insurance easy.

Agents not required.

Get a quote and register online without talking to an agent. But we're here if you need us.

Impartial, expert advice.

Get impartial insurance training from licensed experts and also avoid questionable sales calls.

Coverage in minutes.

You can get life insurance coverage within minutes of receiving your quotation and application.

Taking Action

Did you find these tips helpful?

If you take these small steps before buying funeral insurance, you have a better chance of paying less and getting a low cost funeral insurance policy that works for you.

19659009] We would love to hear your experience of funeral insurance providers in the comments. You can also ask any questions you have.

If you thought this page was helpful, share it with some friends so they too can learn to save on insurance!


Source link

Share