Burial Insurance Quotes For 70-79 Year Olds

Written by Jeff Root

Burial insurance policies give your beneficiaries money upon your passing to cover any expenses that have been left behind, such as funeral costs or medical bills.

Many insurance policies fail to address the costs that family members must cover for a funeral in particular. Most caskets alone cost upward of $8,000 to $10,000 not to mention the transportation, grave liners, headstones, or flowers.

Burial insurance can ease this financial burden. During 1960 the average cost for a funeral was just about $700 and by 2014 it reached a national average of $8,508. Such an increase means that prices will only continue to increase.

As a higher number of people become reliant upon hospice care, face chronic health conditions, and undergo inpatient hospitalizations as they age, retirement and savings funds are not always there when people pass away.

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Burial Insurance vs. Whole Life vs. Term Life Insurance

Burial insurance is not meant to be a large amount of financial coverage in the event of your death.  Unlike term and whole life policies, it is meant to strictly cover remaining expenses, not provide financial security to your remaining family members.

Term policies are meant to replace lost income when you pass away, usually until a home is paid off or kids are out of college. That is why you get them for a specific amount of time.

Permanent policies are meant to cover the costs of living until the beneficiaries pass away too, or in some cases are meant to cover the costs of two parents passing away. That said, you can find permanent and term options for burial insurance.

Permanent policies remain the same, both in terms of the premium you pay and the death benefit your family receives. They also accumulate cash value and remain effective until your passing. Term burial policies are more affordable and only last a specific length of time.

How Does Burial Insurance Work?

The coverage afforded by burial insurance policies ranges between $2,000 and $25,000 on average but can go up to $50,000. The lower coverage amounts mean that you do not have to undergo a medical exam before you qualify.

Instead, most policies just ask a few medical questions on your application. The amount of coverage you need is based on where you live, what the funeral costs are in that area, what medical bills may be left unpaid, and what minor debts or expenses you could leave behind.

If you add this up and it amounts to just the funeral itself or the burial alone, a smaller coverage amount is a better fit.

If you have credit cards, medical bills, hospice care, or a few years left on your mortgage, a higher policy amount will ensure your beneficiaries are not left covering these items out of pocket.

How to Get Insurance Quotes For 70-79 Year Olds

When looking for the best burial insurance, or for that matter, any life insurance product, the best thing you can do is compare rates.  That is exactly what we do in the next section of this article.

If you want to compare rates for yourself, use our quoting engine below to compare some of the best burial insurance rates on the market.

Also, our agents are independent, meaning they serve multiple life insurance companies.  Because of this, they are prepared to find you the exact burial insurance plan that you and your family need to protect in the event of your death.

Call us today to speak with a professional for free, or use our quoting engine to compare burial insurance rates for seniors instantly!

Rates for 70 Year Olds

Below is a list of sample rates from various companies, based on annual cost and coverage amount. The sample below is a female from New York, with prices divided by age. Bear in mind that this is merely an example and the rates you receive might differ based on your health as well as your state of residence.

Burial Insurance Rates for a 70 Year Old Woman

Gender: Female

Age: 70

Health Class: Regular Class Non-Smoker

State: New York

Company Annual Cost Coverage Amount
Gerber Life Insurance Company $1,801 $20,000
Gerber Life Insurance Company $1,354 $15,000
Gerber Life Insurance Company $906 $10,000
Gerber Life Insurance Company $637 $7,500
Gerber Life Insurance Company $458 $5,000

Burial Insurance Rates for a 71 Year Old Woman

Gender: Female

Age: 71

Health Class: Regular Class Non-Smoker

State: New York

Company Annual Cost Coverage Amount
Gerber Life Insurance Company $1,977 $20,000
Gerber Life Insurance Company $1,486 $15,000
Gerber Life Insurance Company $994 $10,000
Gerber Life Insurance Company $699 $7,500
Gerber Life Insurance Company $502 $5,000

Burial Insurance Rates for a 72 Year Old Woman

Gender: Female

Age: 72

Health Class: Regular Class Non-Smoker

State: New York

Company Annual Cost Coverage Amount
Gerber Life Insurance Company $2,145 $20,000
Gerber Life Insurance Company $1,611 $15,000
Gerber Life Insurance Company $1,078 $10,000
Gerber Life Insurance Company $757 $7,500
Gerber Life Insurance Company $544 $5,000

Burial Insurance Rates for a 73 Year Old Woman

Gender: Female

Age: 73

Health Class: Regular Class Non-Smoker

State: New York

Company Annual Cost Coverage Amount
Gerber Life Insurance Company $2,305 $20,000
Gerber Life Insurance Company $1,731 $15,000
Gerber Life Insurance Company $1,158 $10,000
Gerber Life Insurance Company $814 $5,000
Gerber Life Insurance Company $548 $5,000

Burial Insurance Rates for a 74 Year Old Woman

Gender: Female

Age: 74

Health Class: Regular Class Non-Smoker

State: New York

Company Annual Cost Coverage Amount
Gerber Life Insurance Company $2,453 $20,000
Gerber Life Insurance Company $1,842 $15,000
Gerber Life Insurance Company $1,323 $10,000
Gerber Life Insurance Company $865 $7,500
Gerber Life Insurance Company $621 $5,000

Burial Insurance Rates for a 75 Year Old Woman

Gender: Female

Age: 75

Health Class: Regular Class Non-Smoker

State: New York

Company Annual Cost Coverage Amount
Gerber Life Insurance Company $2,585 $20,000
Gerber Life Insurance Company $1,941 $15,000
Gerber Life Insurance Company $1,298 $10,000
Gerber Life Insurance Company $911 $7,500
Gerber Life Insurance Company $654 $5,000

Burial Insurance Rates for a 76 Year Old Woman

Gender: Female

Age: 76

Health Class: Regular Class Non-Smoker

State: New York

Company Annual Cost Coverage Amount
Gerber Life Insurance Company $2,959 $20,000
Gerber Life Insurance Company $2,222 $15,000
Gerber Life Insurance Company $1,485 $10,000
Gerber Life Insurance Company $1,042 $7,500
Gerber Life Insurance Company $748 $5,000

Burial Insurance Rates for a 77 Year Old Woman

Gender: Female

Age: 77

Health Class: Regular Class Non-Smoker

State: New York

Company Annual Cost Coverage Amount
Gerber Life Insurance Company $3,311 $20,000
Gerber Life Insurance Company $2,486 $15,000
Gerber Life Insurance Company $1,661 $10,000
Gerber Life Insurance Company $1,166 $7,500
Gerber Life Insurance Company $836 $5,000

Burial Insurance Rates for a 78 Year Old Woman

Gender: Female

Age: 78

Health Class: Regular Class Non-Smoker

State: New York

Company Annual Cost Coverage Amount
Gerber Life Insurance Company $3,641 $20,000
Gerber Life Insurance Company $2,733 $15,000
Gerber Life Insurance Company $1,826 $10,000
Gerber Life Insurance Company $1,281 $7,500
Gerber Life Insurance Company $918 $5,000

Burial Insurance Rates for a 79 Year Old Woman

Gender: Female

Age: 79

Health Class: Regular Class Non-Smoker

State: New York

Company Annual Cost Coverage Amount
Gerber Life Insurance Company $3,949 $20,000
Gerber Life Insurance Company $2,964 $15,000
Gerber Life Insurance Company $1,980 $10,000
Gerber Life Insurance Company $1,389 $7,500
Gerber Life Insurance Company $995 $5,000

Why Burial Insurance Is Important

Burial insurance is important because you do not want to leave your loved ones to suffer.

Even those who are unmarried, without dependent kids (or perhaps without children entirely) do not want to leave a burden on their distant family or remaining relatives.

Consider that you might still have parents alive and well in a nursing home or assisted living. You certainly do not want them to be left with the burden of your funeral costs should something unexpected happen.

Who Is It Best For?

Seniors With No Current Life Insurance Coverage

Burial insurance is best for people who do not yet have coverage, those specifically between age 70 and 79 will find it difficult to obtain term or permanent policies other than burial insurance.

The reason is that many companies cut off their applications between 70 and 80. Even if you are not yet at the cutoff, the advanced age can increase your premiums significantly.

If you are retired and on a fixed income, the premiums may be well beyond your budget. Burial insurance, therefore, is an ideal solution for seniors who do yet have coverage.

People With High Risk Health Classifications

On the note of finances, for many seniors, obtaining a term policy might still be possible, but the premiums are subject to change as health diminishes and age increases.

Instead of dealing with increased premiums, which you may or may not be able to afford in future, you can find a burial insurance policy whose death benefit is guaranteed and whose premiums never change.

This means no matter your medical situation—if you are diagnosed with diabetes, if you are diagnosed with a terminal illness, or if you take up smoking—you will not face any changes in your coverage amount or your premiums.

Moreover, you may not have needed life insurance or considered it before, because you were financially stable, but now you are diagnosed with a terminal illness and need to make sure no one is left with the financial strain of covering your outstanding medical bills and funeral costs.

People Looking for Supplemental Life Insurance Coverage

If you need supplemental coverage, this is a good solution. Seniors who may have a life insurance policy from their former employer or a personal policy obtained years ago might find that life circumstances have changed.

Perhaps you have a policy that is worth $150,000 but now you have amassed more medical debt and need to add some additional coverage for your funeral expenses alone.

You might have parents who are now dependent upon you and your existing policy is only adequate to continue providing them with long term care or assisted living after you pass. In such cases, having extra coverage by way of a burial insurance plan can behoove you.

In some situations, you may have set aside a substantial retirement and savings account, but found that as you aged, this was no longer enough to keep covering your expenses and your funeral costs. Burial insurance can supplement these situations.

Burial insurance, of course, can be spent on anything your beneficiaries need. So, if you have coverage in the amount of $15,000 and your funeral costs amount to $8,090, then the remainder can be spent however your beneficiaries see fit.

Choosing A Burial Insurance Policy

When looking for the best burial insurance, or for that matter, any life insurance product, the best thing you can do is compare rates.  That is exactly what we do in the next section of this article.

If you want to compare rates for yourself, use our quoting engine below to compare some of the best burial insurance rates on the market.

Also, our agents are independent, meaning they serve multiple life insurance companies.  Because of this, they are prepared to find you the exact burial insurance plan that you and your family need to protect in the event of your death.

Call us today to speak with a professional for free, or use our quoting engine to compare burial insurance rates for seniors instantly!

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About Burial Insurance Coverage
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