Affordable Burial Insurance In Massachusetts
Written by Daniel Ray, Life Insurance Expert |
✅
Fact Checked by
Lisamarie Monaco |
Editorial Disclosure
Today we will discuss obtaining affordable burial insurance in Massachusetts.
We will all die someday – it’s a fact of life. And while we may not like to think about it, death is something that we all have to deal with at some point.
One of the main decisions that need to be made when someone passes away is how to cover the cost of their burial or cremation.
A few options are available, but one of the most popular is purchasing burial insurance.
Burial insurance is a type of whole-life insurance specifically designed to cover the costs of your funeral and burial expenses.
It is an affordable way to ensure that your loved ones are not burdened by paying for your funeral.
If you live in Massachusetts, you may wonder if any affordable burial insurance options are available. The good news is that several companies offer burial insurance policies in Massachusetts.
Being a Massachusetts resident, you should know a few things about burial insurance.
This article will explain everything you need to know about this necessary type of insurance, including how it works, how much it costs, and where to get it.
Table of contents
What Is Burial Insurance in Massachusetts
Burial Insurance in Massachusetts is a whole life insurance policy designed to cover the costs of your funeral and burial expenses. When you purchase a burial insurance policy, you will pay premiums on a monthly or yearly basis.
You can use it to pay for a casket, funeral service, and other related expenses. Burial insurance is not required by law in Massachusetts, but it can be an excellent way to help your loved ones cover the costs of your funeral.
If you are considering burial insurance, you should know a few things.
First, burial insurance is not the same as life insurance. Life insurance provides financial security for your loved ones during your death. Burial insurance is specifically to cover funeral costs.
Second, burial insurance policies are typically much smaller than life insurance policies. It is because the costs of a funeral are usually much less than the costs of other final expenses, like medical bills or estate taxes.
How Burial Insurance in Massachusetts works?
Burial insurance in Massachusetts works by paying premiums on a monthly or yearly basis.
When you die, the death benefit from your policy will be paid to your beneficiaries. They can use this money to pay for your funeral service, burial expenses, and other related costs. Burial insurance is a type of whole life insurance, meaning it does not expire, and you will not have to renew it.
Your policy will remain in force if you continue to pay your premiums. Knowing that you will cover your funeral costs can provide peace of mind for you and your loved ones.
What Are the Benefits of Burial Insurance in Massachusetts?
Several benefits come with purchasing burial insurance in Massachusetts.
First, it can provide your loved ones with peace of mind knowing that they will not have to worry about how to cover your funeral expenses.
Second, burial insurance can help to relieve the financial burden on your loved ones.
Third, you can use burial insurance to cover any final expenses that you may have,
Fourth, you can use burial insurance to leave a financial legacy for your loved ones.
Finally, burial insurance can give you peace of mind knowing that your final expenses are taken care of.
What Are the Different Types of Burial Insurance in Massachusetts?
There are a few different types of burial insurance available in Massachusetts.
The most common type is whole life insurance. With whole life insurance, your premiums will stay the same for the policy’s life, and the death benefit will never decrease.
Another type of burial insurance is term life insurance.
With term life insurance, your premiums will remain the same for a period, usually 10-20 years. After the term expires, your premiums will increase, and the death benefit will decrease.
The third type of burial insurance is universal life insurance.
Universal life insurance is a flexible policy that allows you to adjust your premiums and death benefit as your needs change.
| Funeral Service Type | Cost | Type |
|---|---|---|
| Traditional Full Service Burial | $9,527 | AVERAGE |
| Full Service Cremation | $7,105 | AVERAGE |
| Affordable Burial | $5,527 | AVERAGE |
| Direct Cremation | $2,696 | AVERAGE |
What should you know before purchasing Massachusetts burial insurance?
If you are planning to purchase burial insurance in Massachusetts, here are some things you should know
- Massachusetts has the fewest options of all the New England states.
- Massachusetts does not offer disability riders to insurance companies.
- Companies in MA only offer coverage up to age 85, while other states allow a range up to age 90.
- Finding a company that will work with your specific health conditions is almost always possible, despite the limited number of options.
Massachusetts has the fewest options for life insurance among New England states.
Works with clients all over the region. However, we can find life insurance coverage for clients in more challenging circumstances with little or no difficulty, even though smaller regional life insurance companies may not be able to get past the red tape in Massachusetts due to its size.
It is possible to find companies that offer coverage for chronic conditions like diabetes (even with insulin), COPD, cancer, strokes, heart attacks, etc.
The Free Look Period
You can cancel a Massachusetts life insurance policy within ten days of purchase if you decide you want to cancel it.
If you consider canceling the procedure, it is the insurance company’s responsibility to refund your premiums. You must notify the insurance company in writing within ten days to cancel a policy.
You should also remember that if you cancel the policy, It will not refund any medical exam required as part of the application process.
Massachusetts’s Leading Causes of Death
As identified by the Massachusetts government, the following are the leading causes of death:
- Heart disease
- Cancer
- Unintentional injuries
- Stroke
- Chronic lower respiratory diseases
- Pneumonia/influenza
- Alzheimer’s disease
- Diabetes
- Nephritis
- Ill-defined conditions
Do Burial Insurance Policies Require Medical Exams?
A plus about these policies is that their easy underwriting means they don’t require medical exams.
There is no medical expert at your home who will draw blood and run tests. Instead, they will ask you to walk around your house like most term life insurance companies.
They only check your prescriptions using your Social Security Number.
A decision is made immediately after these checks, so you are either approved or denied.
Our agents guide you through the process to determine if you have significant health issues or poorly managed health conditions.
The life insurance company looks for significant health issues or poorly managed health conditions.
Guaranteed Issue Life Insurance for Burial
A Guaranteed Issue policy is the only burial insurance in Massachusetts available to those with terminal illnesses or severe health conditions such as HIV, cancer, dementia, or Alzheimer’s.
Waiting Period of Guaranteed Issue Policy
It takes only two years for these policies to pay out benefits.
You should begin your waiting period as soon as possible so that your family will receive the total amount if you pass away within two years.
You will pay the full face amount after the two years.
Additionally, these policies are equipped with an accidental death rider, which will remove any waiting period if you die in an accident.
Which Type of Burial Insurance Is Best for Me?
The type of burial insurance best for you will depend on your needs and circumstances.
If you are healthy and want the security of knowing it will care for your loved ones financially, then whole life insurance may be the best option.
If you are on a budget and only need coverage for a set period, then term life insurance may be the best option.
Universal life insurance may be the best option if you want a flexible policy that you can adjust as your needs change.
Our goal is to equip you with the knowledge you need to make a informed decision about burial insurance in your Massachusetts home hometown!
Massachusetts Burial Expectations
In Massachusetts, you must follow specific laws and regulations when a loved one passes away. Every state has different rules and regulations regarding death and burial.
Death Certificates
Funeral directors and embalmers licensed in another state with a reciprocal agreement with Massachusetts must be registered in Massachusetts to facilitate the death certificate process, or they must be relatives, friends, or acquaintances who do not accept compensation for their work.
Massachusetts law prohibits transporting deceased individuals without a certified death certificate from a nurse practitioner or doctor.
The certifier will fax the certificate to the state if they use the manual system, whereas if they use the electronic system, they will submit it electronically.
Death certificates must also be completed by the funeral director or a designated family member and submitted to the town clerk within five days.
Refrigeration and embalming
There is no requirement for embalming or refrigeration in Massachusetts. In addition, the state doesn’t specify when the body must be buried or cremated.
However, embalming may be necessary to preserve the body if the final arrangements are to be made several days after death.
Burial Requirements
Massachusetts law does not require caskets or burial vaults, but you should check with the cemetery as some need them.
You must obtain a burial permit within 36 hours of the issue of a death certificate in Massachusetts.
The same people who may request a death certificate may also apply for a burial permit.
A permit is issued by the board of health or town clerk. In the absence of previous arrangements, funeral arrangements will be made by the following people:
- Survivors’ spouses
- A survivor’s adult children
- Parents who are still alive
- Siblings or brothers who survive
- A person who served as a guardian when the deceased passed away
- Legally authorized individuals
Cremation Services
In Massachusetts, cremation, except for infectious diseases, can be performed after a 48-hour waiting period.
The medical examiner examines the body and evidence during this time to decide whether more testing or judicial investigation is necessary.
| Service Type | Low Cost | High Cost | Average Cost |
|---|---|---|---|
| FULL SERVICE CREMATION | $4,505 | $10,850 | $7,105 |
| Basic Services | $795 | $4,700 | $2,546 |
| Transfer to Funeral Home | $95 | $1,250 | $453 |
| Embalming | – | $1,300 | $764 |
| Dressing & Casketing | $60 | $795 | $288 |
| Viewing & Visitation | – | $1,300 | $585 |
| Funeral Service | $100 | $1,990 | $719 |
| Transfer to Crematory | – | $795 | $206 |
| Crematory Fee | $200 | $600 | $344 |
| Cremation Casket* | $1,200 | – | – |
| Service Type | Low Cost | High Cost | Average Cost |
|---|---|---|---|
| DIRECT CREMATION | $995 | $5,305 | $2,696 |
| Basic Services | $750 | $5,305 | $2,536 |
| Transfer to Crematory | – | $365 | $1 |
| Crematory Fee | – | $600 | $159 |
How Much Does Burial Insurance Cost in Massachusetts?
The cost of burial insurance in Massachusetts will vary depending on several factors, including age, health, and the amount of coverage you desire.
However, the average cost of a burial insurance policy in Massachusetts is around $250 per year. It means that it is an affordable option for most people.
To get an accurate quote for your situation, it is best to speak with a licensed insurance agent.
An agent can help you compare rates from different companies and find the policy that best meets your needs.
Burial Insurance Cost In Massachusetts
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 |
How To Find The Best Burial Insurance In Massachusetts?
The process of getting burial insurance does not have to be complicated.
This is why we want to simplify the process and the information for our seniors and their families.
Many customers came to us after having trouble finding affordable final expense insurance. Getting burial insurance in Massachusetts isn’t just about finding the right company.
There are many excellent and qualified burial insurance companies in Massachusetts.
You must understand that not every company offers final expense insurance in every state. With that knowledge, we know the companies that provide quality policies at competitive prices.
An independent agency, such as BurialForInsurance, which represents several burial insurance companies and is highly experienced, can provide you with the best burial insurance plan in Massachusett.
Due to our independent status, we can shop and compare prices with all of Massachusetts’s top final expense companies.
Due to our extensive underwriting knowledge, we can identify companies whose health is likely favorable to you. It results in low rates and immediate protection for your health.
The experts at our company can provide you with specific information about burial insurance in the major cities of Massachusetts within minutes.
Burial Insurance In Other areas You May Want To Know About For Your Loved Ones
Conclusion
In summary, burial insurance is vital for anyone who wishes to plan and pay for their final expenses in advance.
It is essential for those who live in Massachusetts, where the high cost of funerals can cause significant financial strain on families.
There are several affordable burial insurance policies available in Massachusetts, and anyone considering this type of insurance should get a quote and buy it now.
Our agent can help you find the best policy for your needs and provide you with a no-obligation quote within minutes.
