If you have been involved in funeral planning lately, you already know that burials and funerals in this state can cost several thousand dollars. Major life insurance companies provide a way to plan for these expenses, and you can buy burial insurance in Florida for yourself or your elderly parents. While this might provide you with an affordable way to plan for funerals and other final expenses, it is a good idea to shop around for the right benefits at the lowest price.
We give you the opportunity to compare companies that offer burial insurance in Florida right on our website. Simply key your local ZIP code into the form for quick quotes. If you have additional questions, you are also welcome to call us for help.
Quick Statistics About Burial Insurance in Florida
Expected Florida life span: 78.10
Average Florida household income: $47,309
Typical cost of a funeral and burial: Over $8,000
Typical cost of a cremation package: At least $700
Jacksonville population: 821,784
Miami population: 399,457
Tampa population: 335,709
Saint Petersburg population: 244,769
Orlando population: 238,300
The Cost of Burial Insurance in Florida for Seniors
The price of a policy will depend upon several factors, and this include the applicant’s age, use of tobacco, health, gender and location. However these are some sample monthly rates for a 65-year-old man in Florida who does not smoke:
- $5,000: $28.12
- $10,000: $52.80
- $15,000: $77.44
Please note: These are only sample rates, and they could vary by company or health underwriting.
Some seniors find burial insurance in Florida affordable. In other cases, grown children offer to pay the premiums for their elderly parents. While almost anybody can pay, it is important to remember that the person who will actually get insured does need to help with the application. For example, most companies require a short phone interview before they will issue a policy.
Also, the best way to pay is to set up an automatic payment plan. That way, you will not have to worry that your coverage will get terminated because of a lost or missed bill.
Guaranteed Acceptance Burial Insurance in Florida for Seniors
Some companies do not need the answers to any health questions, and they accept every qualified applicant. However, these types of plans use a waiting period of two or three years before they will pay the full face value. If the insured person dies before that, the company will only refund premiums or pay part of the face value.
Guaranteed acceptance burial insurance plans in Florida are good for elderly people who are very ill or disabled. But most active people can qualify for better benefits by answering a few health questions. Minor medical conditions will not disqualify applicants. In return, these people will get cheaper rates, more choices, and an immediate death benefit. Some companies even offer these plans to people over 80.
The Best Companies that Offer Burial Insurance in Florida
By now, you can see that there isn’t one good company or choice of plan for every Floridian. We provide a free online system to help you compare plans and quotes from your home or office. Just enter your local ZIP code to get started.
If you have questions, we also welcome your phone calls. By providing online tools and personal service from licensed agents, we hope to help all of our clients find the right burial policy for themselves or their parents.