Affordable Burial Insurance in Maryland
Written by Daniel Ray, Life Insurance Expert |
✅
Fact Checked by
Lisamarie Monaco |
Editorial Disclosure
Burial insurance is an insurance policy that covers the costs of your funeral and burial expenses. It is a type of whole-life insurance that does not require a medical exam and is typically much cheaper than a traditional life insurance policy.
While most people think of life insurance as only for adults, the reality is that burial insurance can be a good option for people of all ages. If you are looking for an affordable burial insurance policy in Maryland, there are a few things you should know.
This article will discuss the different types of burial insurance available in Maryland and how to choose the right policy for you and your family.
Table of contents
What Is Burial Insurance in Maryland?
Burial Insurance in Maryland is an insurance policy that covers the costs of your funeral and burial expenses.
It is a type of whole-life insurance that does not require a medical exam and is typically much cheaper than a traditional life insurance policy.
There are two main types of burial insurance in Maryland:
1) Pre-Need Funeral Insurance
2) Final Expense Insurance
Pre-Need Funeral Insurance is a policy that you purchase before you die. This policy covers your funeral costs, including the casket, funeral home services, and other related expenses.
Final Expense Insurance is a life insurance policy that you purchase to cover the costs of your funeral and burial expenses. This type of policy is typically less expensive than traditional life insurance because it does not require a medical exam.
Benefits of Burial Insurance Coverage
Adding additional rider benefits to Maryland funeral insurance will ensure your family is fully protected and provides peace of mind and stability.
Social Security Billing Protection
Most people are unaware that the Social Security Administration will not pay for your funeral expenses. If you have a life insurance policy with funeral coverage, your family will not have to worry about this expense.
Income Replacement
If you are the primary breadwinner in your family, your death could have a significant financial impact on your loved ones. A life insurance policy with funeral insurance coverage can help replace your income and ensure that your family is taken care of financially.
Accidental Death Rider
An accidental death rider is an optional benefit that you can add to your life insurance policy. This rider provides additional coverage in the event of your death due to an accident.
Grandchild Rider
When applying for your policy, you can add grandchildren up to the age of 18 to your policy. It is an excellent addition.
An Accelerated Living Benefit Riders
When you become terminally ill, you can withdraw money from the face amount of your policy. You can use it to pay extra medical bills, home bills, or experimental treatments that your insurance may not cover. You can even use this benefit to start planning your funeral right away.
Life insurance plans also offer the following benefits:
- The face amount ranges from $2,000 to $40,000, and you can use the money to cover your funeral and burial expenses, pay off debts and provide for your loved ones.
- Payment is usually made within 48 hours of receipt of a death certificate.
- The death benefit is tax-free.
Maryland Guaranteed Issue Burial Insurance
The guaranteed life insurance policy does not require any health questions so you can purchase it without hesitation.
However, these policies have a two or three-year waiting period. Upon expiration of that period, premiums are refunded, or a portion of the death benefit is paid.
You can get a life insurance policy with an immediate death benefit at a lower price if you answer a few health questions.
Despite your history of serious medical problems, guaranteed issue life insurance may still be needed, but answering medical questions could help you save money and get you more options.
People can even take up plans over 80.
Choosing the Right Burial Insurance Policy in Maryland
When considering burial insurance in Maryland, choosing a policy that meets your needs and budget is essential.
Burial insurance is a necessary type of insurance, especially if you live in Maryland. Burial costs can be costly; if you don’t have insurance, you could spend a lot of money out of pocket.
Luckily, there are many affordable burial insurance options available in Maryland.
One option is to purchase a pre-need funeral insurance policy. This type of policy typically covers your funeral costs, including the casket, funeral home services, and other related expenses.
Another option is to purchase a final expense insurance policy. This type of policy is typically less expensive than traditional life insurance because it does not require a medical exam.
No matter which type of policy you choose, be sure to shop around and compare rates before buying. It will help you find the most affordable policy for your needs.
What does Burial Insurance in Maryland cover?
Burial insurance policies in Maryland typically cover your funeral costs, including the casket, funeral home services, and other related expenses.
When shopping for a policy, ask about what is included in the coverage. It will help you make an informed decision about which policy is right for you.
How much Burial Insurance do I need in Maryland?
The amount of Burial Insurance you need in Maryland will depend on factors, including the type of policy you choose, the coverage you need, and your budget.
Type of policy you choose:
The type of policy you choose will affect how much Burial Insurance you need in Maryland.
If you select a Pre-Need Funeral Insurance policy, you will need to purchase enough coverage to cover your funeral costs.
If you choose a Final Expense Insurance policy, you will need to buy enough coverage to cover the costs of your funeral and burial expenses.
Coverage you need:
Your coverage will also affect how much Burial Insurance you need in Maryland.
If you only need coverage for your funeral expenses, you will need less coverage than if you need coverage for your funeral and burial expenses.
Your budget:
Your budget will also affect how much Burial Insurance you need in Maryland. If you have a limited budget, you may want to consider a less expensive policy, such as Final Expense Insurance.
What are the benefits of a Burial Insurance Policy in Maryland?
The benefits of the Burial Insurance Policy in Maryland are as follows:
- Burial Insurance in Maryland covers the costs of your funeral and burial expenses.
- It is a type of whole-life insurance that does not require a medical exam.
- It is typically much cheaper than a traditional life insurance policy.
- It can be a good option for people of all ages.
- You can use it to cover your funeral costs, including the casket, funeral home services, and other related expenses.
- It is a good option for people without life insurance or those with a limited budget.
Burial Insurance Cost In Maryland
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 |
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 free look period
Buyers of life insurance have a ten-day free look period, which most states require. A person who buys life insurance can review the policy during this period.
If you do not want your insurance policy, you can reject it within ten days and receive a full refund. There is no need to explain your decision to me.
If you keep your policy after this period expires, you will not be entitled to a refund of your premiums paid. You can discard the procedure and ask for a refund of your first premium.
As part of the free look period, consumers have the right to cancel their policy and receive a full refund if it does not operate according to their expectations. You do not need to worry if you do.
Maryland’s top causes of death
The top 10 causes of death in Maryland are as follows:
- Heart disease
- Diabetes
- Flu/Pneumonia
- Alzheimer’s disease
- Cancer
- Accidents
- Septicemia
- Stroke
- Chronic lower respiratory disease
- Kidney disease
Burial Insurance in Maryland can help you cover the costs of your funeral and burial expenses related to any of these causes of death.
No Medical Exam in Maryland
The chances of getting a policy without undergoing a medical exam in Maryland depend on your health status and age. Most policies require only a few questions about your health.
Burial Insurance in Maryland can be a good option for people of all ages.
Burial Insurance in Maryland can help you cover the costs of your funeral and burial expenses related to any cause of death.
If you have any questions, please feel free to contact us at any time. We are here to help you make the best decision for your family.
How to apply for Burial Insurance in Maryland?
To begin the process of applying for burial insurance in Maryland, it’s crucial to first reach out to a reputable life insurance agent or company. They will guide you through the application process.
The initial step involves furnishing the insurer with some fundamental details. You’ll be asked to share your name, address, date of birth, and Social Security number.
Afterward, it’s time to disclose your health information. Be prepared to discuss any pre-existing medical conditions you have. This health-related information plays a pivotal role in determining your coverage options and premium costs.
Once you have provided this information, the life insurance agent or company can give you a quote for Burial Insurance in Maryland.
When shopping for Burial Insurance in Maryland, it is essential to compare quotes from multiple life insurance companies. It will allow you to find the best rate for Burial Insurance in Maryland.
It is also essential to read the policy’s fine print before you purchase it, and it will help you understand what is covered and not covered by the policy.
How to Choose the Right Burial Insurance Policy in Maryland
When looking for an affordable burial insurance policy in Maryland, you should keep a few things in mind.
First, you will need to decide how much coverage you need. It will depend on the cost of your funeral and burial expenses.
Second, you will need to decide what policy is best for you. If you are healthy and do not have any significant health problems, a final expense insurance policy may be the best option.
Third, you should compare the different policies available. There are a variety of burial insurance policies public, and it is essential to find one that fits your needs and budget.
Fourth, you should ensure that you understand the terms of the policy. It includes the premium, death benefit, and other vital details.
Fifth, you should contact a licensed insurance agent to help you find the best policy for you.
Is Maryland Burial Insurance Worth It?
When shopping for life insurance, it’s essential to consider all your options. Burial insurance is one type of policy that can provide financial security for your loved ones during your death.
Maryland Burial Insurance rates are generally cheaper than whole life insurance policies but offer many of the same benefits.
You can use burial insurance to cover funeral costs and any outstanding debts or final expenses you may leave behind.
If you’re considering buying a burial insurance policy in Maryland, comparing quotes from multiple carriers to find the best rate is essential. Burial insurance rates in Maryland vary depending on your age, health, and smoking status.
No matter what your age, it’s never too late to start thinking about your burial insurance needs. Burial insurance can provide peace of mind for you and your loved ones, knowing that your final expenses are covered.
If you’re looking for affordable Burial Insurance in Maryland, contact BurialForInsurance today. We can help you compare quotes from multiple carriers to find the best rate for you.
Why InsuranceForBurial.com Can Save You Money
You have a lot of options when it comes to choosing your insurance company. Maybe you need it for yourself, or perhaps you need it for your parents. Finding the right company is vital to your success, no matter who you shop for.
Why should you choose us to work with you?
There is a valid point to this question, and we deserve an answer.
We believe there are three critical reasons why you should let us assist you in this essential matter.
- It’s essential to remember that we’re an independent agency, and we don’t have affiliations with any of the life insurance companies we represent.
- We place you at the top of our priority list as a company. We could very well force certain companies upon you for profits, but that’s not how we do business. No one can offer you a better deal once we have helped you. We will find the best policy regardless of the cost.
- We have worked with many of these 20 companies over the years, which has enabled us to gain an in-depth understanding of how each underwrites policies. Because of this knowledge, we anticipate the insurers’ responses to your health insurance needs. To get you the best deal, we have the experience to deliver that value.
Finding an independent agency is a good idea if you want to go elsewhere. Independent agencies should be able to offer funeral life insurance from at least ten companies.
The chances of you overpaying are high if you don’t.
You can make a choice, but we hope you will allow us to assist your family and you in securing the best funeral insurance in Indiana.
Burial Insurance In Other States You May Want To know About
Conclusion
In conclusion, burial insurance is a critical way to plan for the future. It is vital for those living in Maryland, where high funeral costs are high. Some options are available to Maryland residents, and this article has provided an overview of some of the most affordable options.
Finding affordable burial insurance in Maryland is possible with our help:
- Compare quotes from different insurers to find the best rates.
- Consider purchasing a lump sum benefit policy to cover all burial costs.
- Call our office today to speak with an insurance agent who can help you find the right policy for your needs.
