You can get low-cost burial insurance in Alabama right now. As a matter of fact, there are many companies that offer burial insurance coverage in the state of Alabama. Before, we get into the companies and their rates, let me explain what burial insurance is and how it works. This will help to make sure you are getting the right product for your needs.
What Is Burial Insurance In Alabama?
Burial insurance in Alabama, properly called final expense insurance, is a small whole life insurance policy. These policies offer coverage amounts that usually range between $2,500 – $50,000 and are intended to cover end of life expenses.
For example, these policies may cover the cost of your funeral, burial, or cremation services or pay off small debts after you pass such as medical and credit card debts. You may also use these policies to leave behind a gift for your children or grandchildren.
Burial insurance of final expense insurance In Alabama is a simplified issue policy that requires no medical exams. There is no need for a blood sample or urine sample and there is no need to obtain your medical records.
All you have to do is answer a few health questions and that’s it!
So, now that we know more about burial insurance in Alabama, let’s talk about the type of health conditions that are accepted for a burial insurance policy.
What Health Conditions Are Accepted For Burial Insurance In Alabama?
You may be able to qualify for burial insurance in Alabama despite your health conditions. Actually, there are quite a few health conditions that companies are willing to consider when underwriting final expense insurance.
Here is a list of some of the health conditions that a person may have but still be able to qualify for burial insurance coverage in Alabama:
Cardiac Chest Pain
Basal Cell Skin Cancer
Black Lung Disease
Chronic Lung Disease
Chronic Obstructive Pulmonary Disease (COPD)
Chronic Respiratory Disorder
Drug Abuse/ Dependency
Peripheral Artery Disease
Peripheral Vascular Disease
Procedure For Brain Circulation
Transient Ischemic Attack
As you can see, that is a pretty long list. This list does not include every possible health condition. Rather, the list shows some of the most common health conditions that folks have as they age.
In Alabama, the leading causes of health-related deaths, according to the CDC (Centers For Disease Control and Prevention, are heart disease, cancer, and chronic lower respiratory diseases. All of those conditions are on the list.
Now the nice thing about final expense insurance is you can be approved by simply answering “yes” or “no” to a few health questions regarding some of the health conditions the list above.
The health questions on a final expense insurance application typically ask about your health history in the last five years.
For example, the application may ask a question like “Have you been diagnosed with a heart attack in the last five years?” This is good for someone who survived a heart attack 6 or more years ago. It means you may still be able to qualify for burial insurance coverage in Alabama.
Once again, these burial insurance in Alabama offers simplified issue underwriting and there are no medical exams. There is a prescription drug background check in which they look to see if you have been prescribed any medications for conditions listed on the application.
Other than that, the underwriting for final expense insurance is more advantageous or beneficial for folks who have health conditions.
Lastly, in the event you are having a hard time qualifying for a final expense insurance policy, you still have options. There is no health questions asked burial insurance in Alabama. These are guaranteed issue final expense insurance.
These types of policies are guaranteed issue as long as you qualify based on age. There are no health questions or medical exams for these type of policies.
The only thing, however, is they do not give you burial insurance coverage starting from the first day. Instead, these policies make you wait typically two years before they offer you burial insurance coverage. If you die in the first two years, they generally give you a return of the premiums you paid.
Nevertheless, it is still easy to qualify for burial insurance in Alabama if you are interested in coverage.
Now let’s talk about some of the best Burial Insurance or final expense insurance companies in Alabama that are available.
Best Burial Insurance In Alabama
Alabama has some of the best burial insurance coverage products available. That being said, if I had to recommend three companies and products to consider for burial insurance in Alabama, I would say:
- Mutual of Omaha &
- Guarantee Trust Life Insurance
Whether you are buying a burial insurance policy for yourself or you are buying burial insurance for your parents, these are the three companies you should consider.
These companies all have a long history of selling final expense insurance. They are not fly-by-night companies. In addition, all three companies have strong financial ratings and offer quality products.
For example let’s talk about Aetna.
Aetna CVS is a well-known insurance company across the country. Aetna has been in the insurance business since 1853 and they have an “A” (Excellent) rating from AM Best. Aetna has a great final expense insurance product that offers affordable rates. It’s easy to qualify for as all you have to do is answer a few health questions. With great rates and a quality final expense product from a solid company, you can’t ask for anything else.
Mutual of Omaha offers great coverage as well with their product called “Living Promise.” Just like Aetna, the Living Promise product offers great rates and valuable final expense coverage. Mutual of Omaha is quite popular as it has been offering insurance since 1909. They have an “A+” (Superior) rating from AM Best and they are a leader in the final expense market.
Lastly, Guarantee Trust Life Insurance Company is another great recommendation for final expense insurance. This is especially true if you have health conditions that may disqualify you from first day coverage.
Guarantee Trust Life Insurance offers a product called “Life Select.” This product is unique because it offers not only burial insurance coverage, but it also offers the option for home care coverage if you become chronically ill. The flexibility of this policy is great for folks as it offers you the ability to use your policy while you’re alive.
These are my recommendations for the best burial insurance in Alabama. Which company you choose to go with, will be based on your specific needs. That’s why it is good to work with an agent like myself to guide you in the right direction.
That being said, If you happen to go with any of these companies and their products for burial insurance coverage, you are in good shape.
Let’s talk about the average cost of a funeral so we can see how much a burial insurance policy may cost.
Average Cost of A Funeral In Alabama
Alabama ranks 4th on the list of states with the lowest cost of living. This is according to the Council for Community & Economic Research. Therefore, a funeral in Alabama is likely less expensive than the rest of the country.
Now the average cost of a funeral in Alabama is $6,924. This is based on a study conducted by GOBankingRates.
Let’s say a 60 year old male and female wanted to get burial insurance to cover the funeral expense. The cost of a burial insurance policy that could cover the funeral would be $32 per month for the male and a female $24 per month.
Even if you are on a fixed income, those are really great rates. They are low-cost and affordable! This is why many folks go for burial insurance in Alabama to cover their final expense needs!
Now let’s look at the cost of burial insurance in Alabama for different age groups and for different amounts of coverage.
Cost of Burial Insurance In Alabama
Here’s the question everyone wants to know – ” How much does burial insurance in Alabama cost?” Well, this article will help with that. Below you will find sample burial insurance rates for different ages and for different amounts of coverage.
Let’s take a look below to see how much burial insurance in Alabama may cost you:
Sample Burial Insurance Rates
So now you have an idea of how much burial insurance in Alabama may cost you. That being said, the next step would be to get a FREE personalized quote and apply for coverage today!
Conclusion – Get Burial Insurance In Alabama Today!
Get started and get your burial insurance policy today! The process is very simple!
You can start by getting yourself a FREE personalized quote OR you can give me a direct call at (800) 498-3955.
I can help you get the right policy that meets your needs. I also help you get some of the best rates available using my recommended companies.
So again, don’t delay get your burial insurance or final expense insurance policy now!