Finance

Reasons to Purchase Burial Insurance with an Independent Agent

author-img By Mashum Mollah 5 Mins Read February 9, 2021 Last Updated on: November 5th, 2024

Burial Insurance

No one looks forward to end-of-life planning.  Still, it is necessary. If you want to ease your family and loved ones’ financial burden, it’s essential to invest in burial insurance now to obtain coverage for your afterlife expenses.

What Is Burial Insurance?

What Is Burial Insurance?

Burial insurance is your final expense plan. These policies are devised to help your beneficiaries avoid out-of-pocket expenses for your funeral as the policy covers the funeral costs. Additionally, the insurance covers other expenses related to you that you might have left behind.

Gary P. Cubeta from Insurance for Final Expenses elucidates the several policies available in the market from platforms like Opencare final expense plans, Mutual of Omaha burial insurance, and more.  

With the plethora of choices, it can be confusing to choose the right burial insurance plan. An experienced final expense insurance agent can come to your rescue to help you determine the right insurance. Additionally, they help you pick the right plan based on your needs and requirements.

Furthermore, they obtain the ideal burial insurance plan to cover your funeral, medical, and other costs. All these problems are common occurrences for many families which can your immediate family too. Here’s why you can rely on an independent insurance agent to plan your afterlife finances.

Comparing Different Burial Insurance Policies

Comparing Different Burial Insurance Policies

An independent insurance agent’s job is to compare multiple insurance carriers. This helps you get the best options in terms of price and coverage for your burial insurance. Firstly, the agent will assess your needs and then help you evaluate your options.

Additionally, due to the competitive landscape of insurance providers, it’s vital to research the best options. This will help finalize the right deal for you.

Secondly, your independent insurance agent conducts extensive research on the benefits of each burial insurance plan. Thus, they are well-versed in various plans and provide the best options that offer the best fit for your age, medical condition, and other requirements.

Licensed Experts

It can be challenging to understand the terms and conditions of the policy and navigate through the entire process. Independent insurance agents help you comprehend the different types of insurance plans in simple language.

Additionally, you get to understand the coverage under the insurance plans through these agents. Thus, when you are purchasing burial insurance you make the right choice.

For instance, guaranteed acceptance policies like Opencare final expense plans don’t necessarily require a medical examination.

Additionally, with this insurance, all premium rates are locked in for life except for seniors above the age of 90. Furthermore, you get access to a wider range of such plans when you work with the insurance agent.

Therefore, enabling you to know different plans and their policies to know which works better for you.

Unbiased Advice

Since the agents work with several companies, they don’t try to upsell one policy for a single company. They work closely with customers and offer the best advice after careful consideration of the previous positive or negative experiences of other customers.

Whether you need a final expense policy without a waiting period or have certain pre-existing medical conditions, they help you find the best prices and coverage without any biases toward one company over the other.

Save Money

As the agents are not tied to one company, they help you explore the best rates. You can leverage the agents’ expertise to compare different quotes from varied providers according to their prices and key features.

As a result, it might lead to significant savings not just in paying your insurance premiums but also in long-term savings that yield the best benefits to your beneficiaries.

An Advocate For Customers

Since insurance agents are affiliated with various insurance providers, they work for the end customers instead of a single company. Additionally, these agents work for the end customers instead of a single company because they are affiliated to many companies.

An independent insurance agent is a licensed professional working on your behalf so that you can get a fair assessment of the best burial insurance plans out there. They put customers’ needs and priorities at the top so that they can work out the best options.

For example, an insurance company may try to sell you a final expense policy with a 2-year waiting period, and you might not even know it. However, an independent insurance agent explains the ins and outs of the policy to you. They help you find a plan without a waiting period if you want immediate coverage.

Insurance Reviews

Top insurance agents publish detailed reviews of different burial insurance plans like Opencare final expense plans, Gerber final expense, Transamerica policy, and more so that you can shop around and make comprehensive comparisons.

This way, you can make a well-informed decision without any surprises and uncover the actual benefits and drawbacks of a specific plan.

5 Best Burial Insurance Companies In 2024

Best Burial Insurance Companies

If you are searching for good burial insurance in 2024, you might want to consider the insurance companies listed below. You need to opt for one based on your requirements and needs. 

Additionally, you can always do your research and make comparisons when buying any insurance policy. So, here are five burial insurance providers in 2024 for you. 

Insurance CompanyAge EligibilityBest ForDrawbacks
State Farm 45 to 80 (exception New York 50 to 75)Customer SatisfactionAccess to policy details from some Android phones. The company does not provide insurance in Massachusetts.
AARP/ New York Life50 to 80 (exception New York 50 to 75)Low Customer GrievancesPremium rises every five years.
American Family50 to 80BundlingInsurance is not available in a few states
Mutual of Omaha45 to 85 (exception New York 50 to 75)Instant CoverageQuite a few complaints about a company this size.
Ethos65 to 85AccessibilityNo coverage for riders.No live chat feature is available.

So, here are the five best burial insurance providers in the U.S. in 2024. 

Wrapping Up

You can see that there are several benefits to consulting with a qualified independent insurance agent when applying for a burial expense policy. Understanding and dealing with end-of-life planning may be complex.  

Therefore, consult with a trusted insurance agent near you for personalized advice. Rest assured; you can have complete peace of mind with an independent agent who works for you.

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Mashum Mollah

Mashum Mollah is an entrepreneur, founder and CEO at Viacon, a digital marketing agency that drive visibility, engagement, and proven results. He blogs at MashumMollah.com.

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