How Good is AARP Burial Insurance Rates
Written by Daniel Ray, Life Insurance Expert |
✅
Fact Checked by
Lisamarie Monaco |
Editorial Disclosure
Planning for end-of-life expenses can be overwhelming, but does AARP Burial Insurance provides a reliable solution? Lets find out!
In this guide, we’ll explore what AARP Burial Insurance is, what it covers, and answer common questions to help seniors make an informed decision. Our goal is to ensure you have all the information you need with a focus on transparency, customer service, and peace of mind.
What is AARP Burial Insurance?
AARP Burial Insurance, also known as AARP Funeral Insurance or AARP Final Expense Insurance, is a type of life insurance designed to cover funeral and burial expenses. This policy aims to ease the financial burden on your loved ones during a difficult time by covering costs such as funeral services, burial plots, and other end-of-life expenses.
Coverage and Costs
AARP Burial Insurance typically covers:
- Funeral and burial expenses
- Cremation costs
- Funeral service fees
- Caskets and urns
How Much Does It Cost?
The cost of AARP Burial Insurance depends on several factors, including your age, health, and the coverage amount you choose. AARP offers competitive rates, and it’s essential to get a personalized quote to understand your specific costs.
AARP Whole Life Quotes for Females:
| Age | $10,000 (monthly rates) | $25,000 (monthly rates) |
|---|---|---|
| 50 | $24 | $55 |
| 55 | $30 | $68 |
| 60 | $36 | $83 |
| 65 | $47 | $109 |
| 70 | $62 | $148 |
| 75 | $79 | $193 |
| 80 | $92 | $225 |
AARP Whole Life Quotes for Males:
| Age | $10,000 (monthly rates) | $25,000 (monthly rates) |
|---|---|---|
| 50 | $33 | $77 |
| 55 | $42 | $99 |
| 60 | $50 | $118 |
| 65 | $62 | $150 |
| 70 | $81 | $196 |
| 75 | $100 | $246 |
| 80 | $122 | $301 |
Whole Life Policy Features:
| Feature | Detail |
|---|---|
| Policy Type | Whole Life |
| Exam Required | No |
| Health Questions | Yes |
| Age Range To Apply | 50-80 (Spouses: 45-80) |
| Prices Increase | Never |
| Coverage Options | $5,000-$50,000 |
| States Available | All |
| Policy Expires | Never |
| 2-Year Waiting Period | No |
| No Cost Terminal Illness Rider Included | Yes |
| Cash Value | Yes |
Factors Affecting the Cost
- Age: Older applicants may pay higher premiums.
- Health: While some policies don’t require a medical exam, your health status can impact rates.
- Coverage Amount: Higher coverage amounts result in higher premiums.
Keep in mind, AARP Burial Insurance, while reputable, imposes strict underwriting guidelines that may limit eligibility for many seniors. These stringent requirements can make it challenging for those with pre-existing health conditions to qualify.
Consequently, there are more favorable options available that offer easier acceptance and often at more competitive rates. Exploring alternatives could yield policies with immediate coverage and fewer health-related barriers, providing a better solution for securing affordable burial insurance.
If you dont qualify for coverage then you may qualify for this.
AARP Guaranteed Acceptance Quotes for Females:
| Age | $10,000 (monthly rates) | $25,000 (monthly rates) |
|---|---|---|
| 50 | $45 | $110 |
| 55 | $52 | $129 |
| 60 | $60 | $147 |
| 65 | $72 | $177 |
| 70 | $87 | $215 |
| 75 | $100 | $248 |
| 80 | $112 | $278 |
AARP Guaranteed Acceptance Quotes for Males:
| Age | $10,000 (monthly rates) | $25,000 (monthly rates) |
|---|---|---|
| 50 | $59 | $146 |
| 55 | $69 | $169 |
| 60 | $80 | $199 |
| 65 | $91 | $225 |
| 70 | $108 | $268 |
| 75 | $123 | $306 |
| 80 | $145 | $360 |
Features of AARP Guaranteed Acceptance:
| Feature | Detail |
|---|---|
| Policy Type | Whole Life |
| Cash Value | Yes |
| Exam Required | No |
| Applied Age Range | 50-80 (Spouses: 45-80) |
| Health Questions | No |
| Coverage Options | $5,000-$25,000 |
| Policy Expires | Never |
| 2-Year Waiting Period | Yes |
| States Available | All except AK, LA, NJ, & OR |
| No Cost Terminal Illness Rider Included | Yes (after 2 years) |
| Prices Increase | Never |
Comparisons and Competitiveness
how does AARP Burial Insurance stands out?
- Competitive rates
- No-medical-exam options
- Trusted brand reputation
Comparing AARP to other providers, you’ll find it offers unique benefits and comprehensive coverage, making it a top choice for seniors.
Below is a comparison for both male and female, age 50-90, for $10,000 in coverage. This is AARP Burial Insurance versus being being properly shopped by us.
$10,000 in Whole Life for a Male
| Age |
|
|
|---|---|---|
| 50 | $33.00 | $27.35 |
| 55 | $42.00 | $32.78 |
| 60 | $50.00 | $41.74 |
| 65 | $62.00 | $53.75 |
| 70 | $81.00 | $69.23 |
| 75 | $100.00 | $96.58 |
| 80 | $122.00 | $134.16 |
| 85 | N/A | $192.49 |
| 90 | N/A | $354.11 |
$10,000 in Whole Life for a Female
| Age |
|
|
|---|---|---|
| 50 | $24.00 | $21.78 |
| 55 | $30.00 | $26.26 |
| 60 | $36.00 | $32.60 |
| 65 | $47.00 | $41.01 |
| 70 | $62.00 | $52.03 |
| 75 | $79.00 | $71.64 |
| 80 | $92.00 | $97.50 |
| 85 | N/A | $131.66 |
| 90 | N/A | $299.77 |
Consistantley being properly shopped you will experience a 10%-30% in savings over AARP burial insurance.
Eligibility and Application Process
Are There Age Limits or Health Requirements?
AARP Burial Insurance is typically available to seniors aged 50 and above. Some policies offer no-medical-exam options, making it easier for those with health issues to get coverage.
How to Apply for AARP Burial Insurance
Applying is straightforward. You can:
- Visit the AARP website and fill out an online application.
- Call an AARP representative to guide you through the process.
- Complete necessary documentation and submit it for approval.
Payment and Claims
What Happens if I Miss a Payment?
AARP Burial Insurance policies often include a grace period for missed payments. If you miss a payment, contact AARP immediately to discuss your options for reinstating the policy.
How Long Does It Take for the Benefit to Be Paid Out?
The claims process is designed to be quick and efficient. Typically, benefits are paid out within a few weeks once all required documentation is submitted.
Flexibility and Customization
Can My Family Choose Any Funeral Home?
Yes, AARP Burial Insurance allows your family to choose any funeral home, providing flexibility to meet your specific needs and preferences.
Is the Coverage Amount Fixed or Can It Be Adjusted?
You can adjust your coverage amount to better fit your changing needs. Contact AARP to discuss how to modify your policy.
Are There Any Additional Fees or Hidden Costs?
AARP Burial Insurance policies are transparent about costs. Be sure to read the policy details to understand any potential fees.
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Frequently Asked Questions (FAQs)
A policy designed to cover funeral and burial expenses.
Costs vary based on age, health, and coverage amount.
Covers funeral services, burial plots, cremation costs, and more.
Typically for seniors aged 50 and above, with some no-medical-exam options.
Yes, AARP offers options for those with health issues.
Apply online, call a representative, or complete the necessary documentation.
Contact AARP immediately to discuss reinstatement options.
Usually within a few weeks after submitting all required documentation.
Yes, AARP allows flexibility in choosing a funeral home.
Coverage amounts can be adjusted to fit changing needs.
AARP policies are transparent about costs.
AARP offers competitive rates, no-medical-exam options, and a trusted brand.
Premium structures vary, so check your specific policy details.
Yes, AARP provides options for policy cancellation.
AARP offers customer support via phone and online resources.
Conclusion
AARP Burial Insurance is a reliable and trusted option for seniors looking to ease the financial burden on their loved ones. With comprehensive coverage, flexible options, and competitive rates, it’s designed to meet your needs and provide peace of mind.
For more information and to get started, visit the AARP website or speak with a representative today.
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1 Comment
Jim lettis
I have a policy with Wellabe. Paying $134 a month. Seems hi for final expense insurance. I'm 72. Health issues