Get The Best Burial Insurance In Hawaii In 2024
Written by Daniel Ray, Life Insurance Expert |
✅
Fact Checked by
Lisamarie Monaco |
Editorial Disclosure
When trying to find the best burial insurance in Hawaii you are in the right place.
When you think of life insurance or burial insurance, the first things that come to mind are death and dying. You don’t often think about burial insurance until it’s too late.
Burial insurance is something that no one wants to think about, but you need to be prepared in case something happens to you or a loved one.
Are you a current resident of Hawaii?
Are you searching for affordable burial insurance in Hawaii?
If you answered yes to both of these questions, this blog post is perfect for you! We understand the cost of living in Hawaii can be very expensive. That’s why we’re here to help!
This blog post will give insight into affordable burial insurance in Hawaii and how you can get it even cheaper. And how it can protect your family from financial strain after your death.
Please keep reading to learn more about this topic and its implications.
What Is Burial Insurance in Hawaii?
Burial insurance in Hawaii is life insurance used to pay for the policyholder’s funeral and other final expenses. It is also called “funeral insurance” or “final expense insurance.”
This type of insurance policy is designed to be small and affordable, so people of all ages can buy it.
Burial insurance policies are whole life insurance policies, which means they do not expire, and the death benefit will be paid out as long as the premiums are paid.
This policy differs from term life insurance, which only covers the policyholder for a specific period.
Burial insurance can help ensure that you can pay for your burial or those of your loved ones. It can also help prevent financial strain on your family if they lose their primary breadwinner.
An insurance policy can also be referred to as no medical exam whole life insurance. The insurance will provide coverage ranging from $5,000 to $25,000.
It will help pay for the funeral and other unplanned expenses after death.
How Does Burial Insurance In Hawaii Work?
Burial insurance in Hawaii works with other life insurance policies. You will pay premiums, and the policy will pay out a death benefit to your beneficiaries in case of your death.
Your beneficiaries can use the death benefit to cover funeral costs, pay off debts, or cover any other final expenses.
Burial insurance can be a great way to protect your loved ones from financial hardship after your death. One of the best things about burial insurance is purchasing it regardless of your health.
People with pre existing health conditions can still qualify for burial insurance policies because they do not need a medical exam.
This type of policy is also often more affordable than other life insurance policies, making it an excellent option for people on a budget.
Why Is Burial Insurance In Hawaii So Important?
Burial insurance in Hawaii is so important because the cost of living in Hawaii is very expensive. The average funeral cost in Hawaii is $8,000, which is higher than the national average of $7,000.
If you don’t have burial insurance and you die, your family will be responsible for paying for your funeral. Burial insurance can help relieve the financial burden on your family after your death.
It can also help ensure you have the type of funeral you want. You can use the death benefit to pay for a traditional burial or cremation.
You can also use it to cover the cost of a memorial service or celebration of life.
What Are The Benefits Of Burial Insurance In Hawaii?
Burial insurance has many benefits, especially if you live in Hawaii.
Cover Final Expense:
Burial insurance can help your loved ones cover the costs of your funeral and other final expenses. It can help them avoid financial hardship during an already difficult time.
Protect Your Family:
Burial insurance can help protect your family from financial strain if you die. If you are the primary breadwinner for your family, your death could leave them struggling to make ends meet.
No Medical Exam:
Burial insurance does not require a medical exam, which means people with preexisting health conditions can still qualify for coverage. It makes it an excellent option for people who may not be able to qualify for other life insurance policies.
Affordable:
Burial insurance has many benefits, especially if you live in Hawaii. Burial insurance is often more affordable than other life insurance policies. This makes it a great option for people on a budget.
Guaranteed Benefits:
Burial insurance policies are whole life insurance policies that do not expire. And the death benefit will be paid out as long as the premiums are paid.
Guaranteed Accepts most 45-80-year-olds:
Burial insurance in Hawaii typically accepts most people between the ages of 45 and 80.
How Much Burial Insurance Coverage Do I Need In Hawaii?
The amount of burial insurance coverage you need will depend on your individual needs and circumstances.
It would help if you considered factors such as the cost of living in Hawaii, the price of a funeral, and any debts or final expenses you may have.
Here is the average cost of end of life expenses:
End-of-Life Costs in Hawaii
| Total Estimated Cost | $46,189 |
|---|---|
| Average Funeral Expenses | $15,203 |
| Average End-of-Life Medical Costs | $29,672 |
| Death in Hawaii is by far the priciest among all the states, as funeral costs average $16,517 and the benchmark for medical expenses correlated with end-of-life care is $29,672. The Aloha State doesn’t have an inheritance tax, but estates worth more than $5.5 million are taxed at a 10%-20% rate. | |
Information courtesy of Go Banking Rates
You may also want to consider whether you want your beneficiaries to use the death benefit to cover funeral costs only or if you want them to have some financial cushion after your death.
Burial insurance policies range from $1,000 to $50,000 in coverage. You can choose the amount of coverage that best meets your needs.
How Much Does Burial Insurance Cost In Hawaii?
The cost of burial insurance in Hawaii will depend on several factors, including your age, health, and the amount of coverage you choose.
Best Burial Insurance Rates For Males
| Age | $5,000 | $10,000 | $20,000 |
|---|---|---|---|
| 40 | $11.19 | $22.38 | $44.05 |
| 45 | $13.49 | $25.92 | $48.50 |
| 50 | $16.30 | $30.55 | $57.48 |
| 55 | $19.58 | $35.76 | $67.91 |
| 60 | $23.48 | $43.49 | $83.37 |
| 65 | $28.79 | $53.97 | $104.34 |
| 70 | $36.67 | $69.78 | $135.95 |
| 75 | $50.41 | $97.30 | $190.99 |
| 80 | $68.75 | $134.16 | $264.99 |
| 85 | $90.83 | $178.17 | $352.84 |
| 89 | $172.08 | $340.82 | $678.31 |
| 90 | $178.76 | $354.11 | Not Available |
Best Burial Insurance Rates For Females
| Age | $5,000 | $10,000 | $20,000 |
|---|---|---|---|
| 40 | $10.40 | $20.79 | $37.20 |
| 45 | $12.51 | $22.61 | $42.01 |
| 50 | $13.75 | $24.23 | $44.86 |
| 55 | $15.45 | $27.60 | $51.58 |
| 60 | $18.04 | $32.71 | $61.80 |
| 65 | $22.11 | $40.77 | $77.93 |
| 70 | $28.22 | $52.88 | $102.15 |
| 75 | $37.28 | $70.94 | $138.27 |
| 80 | $50.41 | $97.50 | $191.66 |
| 85 | $67.50 | $131.66 | $259.99 |
| 89 | $132.83 | $262.32 | $521.31 |
| 90 | $151.59 | $299.77 | Not Available |
Burial insurance is more affordable than other life insurance policies, making it a great option for people on a budget.
The Hawaii Free Look Period
The free look period in Hawaii must be at least ten days long and no longer than 30 days in total.
You can find out the exact period from your insurance company, but it’s best to stay between 10 & 30 days. You can find out what the free look period is from your insurance company.
In reviewing the insurance contract, you can reject it or cancel it for any reason during this time frame. If you decide to cancel it, you will receive a full refund if you choose to cancel it.
You cannot be forced to cancel the policy; if you have paid anything, the insurance company must reimburse you.
What Is The Hawaii Burial Insurance Application Process?
First, you should know how much coverage you would like. You can get Burial Insurance (Final Expense Life Insurance policy) for $2,500-35,000.
To determine the coverage you need, you must fill out the application. Initially, you will be asked for basic information like your name, address, date of birth, and social security number.
You will be asked about your medical history, including whether or not you use tobacco and whether or not you are taking any medication. The next step will be input by the agent.
You and your agent will sign your application and submit it to the insurance company once it is complete.
When your insurance application is submitted, it is usually underwritten within two to five business days, and the insurance company determines if it is approved or not.
To qualify for Burial Insurance (Final Expense Life Insurance), you do not need to undergo a medical examination!
You don’t need to provide blood or urine samples; an EKG is usually not required either. In most cases, only a few short health questions are asked that cover your health history for the last three to five years.
An applicant who has had a stroke six or seven years ago or fought a battle with cancer ten years ago may benefit from this short look back at their medical history, which helps to expedite the application process.
Hawaii’s Life Expectancy
Hawaii has a long and healthy life expectancy, with an average life duration of nearly 81 years at birth in 2019.
As a result, they are among the most beneficial women in the nation, with an average life expectancy of 83.9.
According to a federal report, Hawaii’s top-ranked life expectancy in 2019 is 80.9 years.
While there are some differences in insurance rates, it is generally the same for men and women, except in Montana, where there is a unisex rate.
If you are a smoker, you will pay higher prices regardless of where or what state you live. So, if you live in Hawaii and are a smoker, your rate will be the same as in New York.
Are burial insurance policies available to everyone in Hawaii?
To buy burial insurance, you do not need to answer health questions. Seniors can qualify for guaranteed approval life insurance, and pre existing medical problems are not a problem.
To protect themselves, companies use a waiting period rather than medical questions.
You will only make a death benefit payment to the beneficiaries if the covered person does not survive the waiting period.
You will also refund premiums if the covered person does not survive the waiting period.
By answering some health questions, getting a cheaper rate, a more significant burial benefit, and more benefits options are possible.
An older individual who is relatively healthy may be able to qualify for burial insurance in Hawaii.
Hawaii’s Leading Causes Of Death
According to the CDC, the leading causes of death in Hawaii are:
- Heart Disease.
- Cancer.
- Stroke.
- Flu/Pneumonia.
- Accidents.
- Alzheimer’s Disease.
- Chronic Lower Respiratory Disease.
- Diabetes.
These health problems are rarely insurable just because they’re listed on that list. Here’s the deal:
Plenty of companies are willing to accept these risks. The question is: which one would be a good fit? Finding an insurance company accepting your terms and conditions shouldn’t be a long process.
We work with many companies to find one that suits you.
Your health is our priority, and we’ll find ways to accommodate you.
For example, if the waiting period would be harmful to your condition. We specialize in no-waiting-period policies so you can get right on a plan that suits your needs.
Purchase burial insurance in Hawaii from a highly-rated company
Purchasing burial insurance from a highly-rated life insurance company is essential. The most popular and highest-rated companies that offer Burial Insurance in Hawaii are:
- SBLI
- American Amicable
- AETNA
- Mutual of Omaha
- Royal Neighbors
Mutual of Omaha, AETNA, and American Amicable has the highest ratings. All three companies offer Burial Insurance in Hawaii with no medical exam required!
When you are ready to purchase Burial Insurance in Hawaii, you can do so online through one of the abovementioned companies.
You can also purchase Burial Insurance in Hawaii through an insurance agent.
An insurance agent will help you compare rates and find the best policy. They can also help you with the application process and answer any questions.
You can also call one of the companies above and apply over the phone. All you need to do is provide some basic information, and you will be able to get a quote without having to speak to an agent.
When you are ready to buy Burial Insurance in Hawaii, the application process is easy and can be done online or over the phone.
You don’t need to take a medical exam, and you can get coverage in as little as 24 hours.
Burial Insurance in Hawaii is an important part of your financial planning and something you should not put off.
Give yourself and your loved ones the peace of mind that comes with knowing that your final expenses are taken care of.
How To Find The Best Burial Insurance Policy
Many insurance companies provide valuable solutions which are perfect for businesses like yours. Here’s the deal;
Not all agencies that sell burial insurance are the same. Some of them only represent one insurance company. Most of them only represent a few companies.
We are different for three main reasons. For these three reasons, we can boldly claim that BurialForInsurance.com can help you find the best burial policy in a way no other agency can.
- The company we represent has a strong commitment to finding a company that is a good match for each individual. We aim to match each individual with the best insurance company for their needs. We could care less which company your insurance company is.
- Our independent status allows us to compare offers from different insurers without compromising your policy.
- We specialize in last-minute insurance, and we’re good at it. We’ve been doing last-minute insurance for years, so we understand everything there is to know about each policy. Since we have experience, we receive authorizations effortlessly. Knowing how insurance companies underwrite is essential in determining which ones will accept you. Applying to a company that won’t get you wastes time and is demoralizing.
If you need burial insurance, you need us. We’re the only agency that can offer you the best possible policy for your needs.
There are two types of people in this world: those who plan and those who don’t. If you fall into the latter category, don’t worry. We can still help you find a policy that meets your needs.
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FAQs
Burial Insurance in Hawaii is a type of life insurance policy designed to cover funeral and other end-of-life expenses for residents of Hawaii.
Typically, Hawaii residents aged 50 to 85 are eligible, but this can vary based on the insurance provider.
Burial Insurance usually offers lower coverage amounts specifically for funeral expenses and is easier to qualify for than standard life insurance.
While the basic principles are similar to other states, some policies might consider the unique cultural and geographical aspects of Hawaii.
Funerals in Hawaii can be more expensive due to transportation and service costs, influencing the coverage amount you might need.
Yes, non-residents can purchase burial insurance for a loved one in Hawaii, subject to specific insurance company policies.
Most burial insurance policies do not require a medical exam, though some health questions may be asked.
Payout times vary but are generally prompt, often within days of the claim being filed and approved.
Some policies may offer riders or benefits that cater to the unique cultural practices of burial and mourning in Hawaii.
It’s advisable to compare policies from different insurers, considering factors like premiums, coverage, and any additional benefits specific to Hawaii.
Conclusion
Burial insurance is a great way to protect your loved ones from financial hardship after death. The policy can cover funeral costs, pay off debts, or other final expenses.
Burial insurance is typically more affordable than other life insurance policies and does not require a medical exam.
Contact one of our agents today if you want an affordable burial insurance policy in Hawaii.
Thank you for reading our Burial Insurance in Hawaii guide. We hope it helped you understand your options and find the right policy for you.
Our independent insurance agents are always happy to help! If you have any questions, please call us at (855) 380-3300.
