How To Buy Burial Insurance In Louisiana 2024
Written by Daniel Ray, Life Insurance Expert | ✅ Fact Checked by 
Lisamarie Monaco | Editorial Disclosure How to buy the best burial insurance in Louisiana? You are in the right place!
Although most people would instead not think about it, death is a reality we all face. And, regarding death, several decisions need to be made – including how to pay for a funeral.
Funeral costs can be pretty expensive, and if you’re not prepared, they can strain your finances. Therefore, having a plan is essential. The average cost of funeral in Louisiana is $7,653.
Burial insurance is an excellent option for covering funeral expenses. Burial insurance is a kind of life insurance that can help pay for funeral expenses.
It’s an affordable way to ensure your loved ones are not burdened with your funeral costs.
This article discusses the benefits of Louisiana burial insurance and how it can help your family.
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What is Burial Insurance in Louisiana?
Burial insurance is a type of coverage that helps pay for the costs of a funeral and other related expenses. Most carriers start offering burial insurance at age 50.
It is an essential type of coverage for people who want to ensure their loved ones are not burdened with their funeral costs.
This type of insurance is not required by law in Louisiana, but it is an option many people choose to purchase.
When considering Louisiana burial insurance, it is essential to remember the following:
- The coverage is typically only for the insured person. It means that if you are the named beneficiary on a policy, you will not be able to use the coverage to pay for someone else’s funeral.
- The coverage often only pays for the cost of the funeral itself and not any other related expenses like transportation or burial plot.
- A person’s health and age may determine the amount of coverage they can purchase.
Who needs Burial Insurance in Louisiana?
Suppose you want to be sure that your family doesn’t have to worry about the financial burden of paying for your burial expenses. In that case, you may want to consider purchasing burial insurance.
This coverage is usually inexpensive and can help save your family from taking out loans or using credit cards to cover your final expenses. it is recommended to try to get burial insurance before the age of 70.
Burial insurance policies are also suitable for people with expensive medical conditions, such as cancer or heart disease.
These conditions often require extensive medical treatments and surgeries — which can add up quickly — and many people can’t afford them without health insurance or other financial assistance.
How Burial Life Insurance Works
This type of whole life insurance has a small face value and a limited number of underwriters. Burial insurance will always be a simplified issue whole-life policy.
Many benefits come with these burial plans. A few of these benefits are as follows.
- There is no increase in the fixed monthly premium.
- The benefits you receive will never decrease in the future.
- There will never be an expiration date on this policy.
Essentially, these plans work like life insurance and pay out cash directly to your beneficiaries after you pass away. As a result, they can pay for your final expenses, including your funeral and burial costs.
Burial Insurance Cost In Louisiana
When it comes to planning for our final expenses, burial insurance is an important consideration.
It can provide peace of mind for both you and your loved ones, ensuring that your final arrangements are taken care of and that your family doesn’t have to bear the burden of costly funeral expenses.
But how much does burial insurance actually cost in Louisiana?
The cost of burial insurance can vary depending on a number of factors, including your age, health, and the amount of coverage you choose.
In Louisiana, the average cost of burial insurance can range from as little as $10 per month for a basic policy to several hundred dollars per month for a more comprehensive policy with higher coverage limits.
One way to get a better idea of how much burial insurance will cost you in Louisiana is to get quotes from multiple providers.
This can help you compare prices and coverage options to find the best policy for your needs and budget.
Overall, the cost of burial insurance in Louisiana is a small price to pay for the peace of mind it provides.
By planning ahead and securing coverage now, you can ensure that your final expenses are taken care of and your loved ones are protected from financial burden during a difficult time.
Average Cost Of Burial Insurance For Females
| Age of Applicant | $5,000 | $10,000 | $15,000 |
|---|---|---|---|
| 50 | $12.86 | $23.06 | $33.08 |
| 55 | $14.97 | $26.94 | $38.90 |
| 60 | $18.04 | $32.87 | $47.70 |
| 65 | $22.11 | $41.01 | $59.91 |
| 70 | $28.07 | $53.12 | $78.18 |
| 75 | $37.81 | $72.41 | $107.01 |
| 80 | $50.82 | $98.43 | $146.05 |
| 85 | $69.55 | $135.90 | $202.25 |
| 90 | $149.69 | $296.41 | NA |
Average Cost Of Burial Insurance For Males
| Age of Applicant | $5,000 | $10,000 | $15,000 |
|---|---|---|---|
| 50 | $15.37 | $27.73 | $40.08 |
| 55 | $18.72 | $34.43 | $50.13 |
| 60 | $22.72 | $42.42 | $62.13 |
| 65 | $28.41 | $53.82 | $79.22 |
| 70 | $36.47 | $69.93 | $103.38 |
| 75 | $50.22 | $97.43 | $144.64 |
| 80 | $71.44 | $139.73 | $207.99 |
| 85 | $97.97 | $192.74 | $287.51 |
| 90 | $176.59 | $350.21 | NA |
The Benefits of Burial Insurance in Louisiana
Many people are not aware that burial insurance is available and affordable. Here’s why you should consider it:
Affordable monthly premiums:
With burial insurance, you can pay for your funeral or cremation monthly instead of a lump sum payment. You can also use the money for other purposes, such as paying off debt or buying a new car.
Coverage from $2,500 up to $25,000:
You can choose coverage up to $25,000 to cover most funerals and cremations in Louisiana. Some companies offer higher coverage amounts if you have the money available to pay more each month.
Guaranteed Acceptance for ages 45-85:
Burial insurance is guaranteed Acceptance, so whether you’re young or old, there’s no medical exam required, and no health questions asked when applying for this type of policy!
Anyone between 45 and 85 years old may qualify for burial insurance coverage regardless of past medical history or current health status.
No medical examination is required:
Before being approved for burial insurance coverage, there’s no need for a medical exam, blood tests, or even an interview with the insurance company!
It makes it easy to secure and offers several different policy options to fit your budget and life situation.
No health questions asked:
You can buy a burial policy without having to answer any health questions. It makes it easier for people who may have pre-existing medical conditions to get coverage.
Guaranteed Premiums remain the same:
Burial insurance premiums are guaranteed not to increase for the duration of your policy term – typically at least five years – so you know exactly how much it will cost each month when you buy it in Louisiana.
The policy builds cash value over time:
Most burial policies build up cash value over time and pay out death benefits upon death (if still active). The cash value can be used to help pay premiums, or You can borrow it through a loan provision in Louisiana.
The Free Look Period
During a free look period in Louisiana, anyone who purchases a new home insurance policy or any replacement policy has ten days to review the policy to ensure it meets their expectations.
During this period, everyone can review the policy to ensure it meets their needs.
If you refuse the contract for any reason, you will receive a full refund of any policies paid for the cancellation and if any monies paid have been refunded to you.
You do not have to give the insurance company any reason, and the cancellation will be processed by the company as soon as possible.
Remember this: No matter how long you have had your insurance policy, you can still cancel or replace it. No refunds will be given for cancellations after the free trial period.
Louisiana’s Life Expectancy
According to the US Census Bureau, the average Louisiana resident is 75.7 years old. It places Louisiana at 47th out of all 50 states.
It’s important to remember that you won’t be paying a different rate simply because of Louisiana. You’ll be paying the same rate as if you lived in Hawaii or Oregon, regardless of where you live.
In a nutshell: You should act now regardless of your age because waiting too long will result in a higher rate for your policy.
Furthermore, if you do not have health insurance, your family may face a pretty hefty financial burden if you do not have coverage.
Other States:
Leading Causes Of Death
- Cancer
- Heart Disease
- Accidents
- COVID-19
- Alzheimer’s Disease
- Stroke
- Diabetes
- Chronic Lower Respiratory Diseases
- Kidney Disease
- Septicemia
Louisiana Guaranteed Life Insurance
Even burial insurance is possible if you suffer from a pre-existing medical condition. No health questions are asked between the age of 70 and 85.
Upon death, however, the beneficiary is entitled to a full death benefit once they have outlived the waiting period.
Before that, previous payments may only be refunded, or you may pay the beneficiaries a percentage of the face value.
Also, some simplified issue policies may offer more benefit options, be cheaper, provide immediate death benefits, and offer a greater variety of benefits.
How To Find The Best Plan Easily
People looking for burial coverage call us every day. Here are what they want:
- It is very critical to them that they can get the most affordable plan possible
- If possible, they would like coverage to begin immediately
- Insurers they can trust are financially stable and respectable
Are you interested in this? Consider the three bullet points above to obtain the most appropriate burial insurance.
What is your experience like? You can do it this way.
The first thing you need to do is find a company that offers final expense insurance. Then, you should ensure that the company represents at least ten different insurers.
Finally, it would help if you told them about your health, budget, and dreams. That will let them know how they can assist you with final expense insurance.
They shop the market for you to find the most affordable and best plan for all of your insurance needs.
Be warned! You are almost guaranteed to pay more when you work with companies that only offer choices from one or two insurance companies.
It is especially true if you have a health issue. Working with a group like InsuranceForBurial.com is like working with a group that gets all the quotes for you.
There is only one difference here: an agency like ours can get the best deal for you.
How InsuranceForBurial.com can help
To ensure you get the best deal, you must look for an agency that meets the requirements we have listed above. Unfortunately, there aren’t many agencies that do enough to meet these requirements.
We can help with this so that you don’t have to waste time and money on burial policies.
- Our process aims to ensure that you get the best price and coverage available for your situation, regardless of which insurance company provides it, and we are solely dedicated to making sure you get the best deal.
- We are only engaged in burial insurance. Other types of insurance are not our focus. Instead of being good at many things, we consider ourselves experts in one area.
- As an independent agency, we can represent many insurance companies to our clients. In addition to the many insurance companies that we represent, we currently have access to over 15 at present.
Most agencies possess one or two of these qualities, but finding all three is rare. You’ve picked the perfect agency today!
Conclusion
It can be challenging to find affordable burial insurance, but you can nonetheless find it. When you die, you do not want your family to be financially burdened by your funeral costs.
The best way to find affordable burial insurance is to work with an independent agency representing a wide range of insurers.
These agencies can shop for the best deal for you and your family. If you are looking for affordable burial insurance, then contact InsuranceForBurial.com today.
We would be happy to help you find the best possible policy for your needs.
Other Burial Insurance Information
