Burial insurance - What is it and how to find the best rates
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Burial insurance - What is it and how to find the best rates

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http://www.m2insurance.com offers burial insurance / Final Expnese plans. We work with several great A Rated carriers. Call us today for a quote 1-800-530-9134 . www.m2insurance.com

http://www.m2insurance.com offers burial insurance / Final Expnese plans. We work with several great A Rated carriers. Call us today for a quote 1-800-530-9134 . www.m2insurance.com

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Burial insurance - What is it and how to find the best rates Presentation Transcript

  • 1. Burial InsurancePlansWhat are they and how to find the bestrates
  • 2. Before we proceed, a few notes:Each carrier has their own unique plan withtheir own list of qualifications.The purpose of this presentation is to give anoverview without being specific to a particularcarrier.
  • 3. What is a Burial Insurance Plan?Small Whole Life policies, with maximum faceamounts of between $30K and $50K.Whole Life policies will last the insuredslifetime.Designed to take care of final expense costs ofthe insured. This can include: Burial /Cremations, Flowers, Ceremony/Wake costs,etc,.
  • 4. Who can qualify for a plan?● Issues ages start at 50 and go to 80 - Somecarriers will issue up to age 85● Simplified Yes and No answers on theapplication● Immediate full face amount of the benefit.● No Medical Exams
  • 5. I have major health problems, can Istill qualify for a plan?Those with health impairments may be offereda Graded or Guaranteed Issue Life InsurancePlan.
  • 6. What is a Graded Plan?The full face amount will not be in-force untilafter a period , depending on the carrier, ofbetween 24 - 36 months.If death should occur during the graded period,carriers will return the premiums paid, plusinterest or a percentage of the policy faceamount.
  • 7. What is a Guaranteed Issue Plan?Same general payout of a Graded plan.However, most carriers will only offer $10,000to $15,000 as maximum face amounts.These plans are issued with almost no medicalquestions and are designed for those withmajor health impairments.
  • 8. What do these plans cost?Depending on the carrier and your currenthealth and age, the premiums can be veryreasonable.Example: Immediate Benefit Plan65 yr, Female, Calif, Non Smoker looking for $25,000 incoverage: $88 per month.
  • 9. What do Graded Plans Cost?If you move into a Graded or Guaranteed issueplan the premiums can quickly rise.Example: Guaranteed Issue Graded Plan65yr, Female, Calif, Major Health Problems$10,000 in coverage: $95 per month
  • 10. SummaryMake sure you work with an independentinsurance broker who has access to multipleplans.There is no “One size fits all” plan.If you would like to discuss your needs , pleasegive me a call 1-800-530-9134. M2 Insurance.