How To Buy Arkansas Burial Insurance in 2024 (Best Rates)
Written by Daniel Ray, Life Insurance Expert |
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Fact Checked by
Lisamarie Monaco |
Editorial Disclosure
Being a senior, it is good to know how to buy Arkansas burial insurance in 2024. This way, you can protect your family from a financial burden with end-of-life costs.
In addition, try to figure out the best carrier for you. There are over 1000 burial insurance carriers. We know how to find the best one.
Arkansas is one of the country’s most beautiful states. The state is a nature lover’s paradise, with various landscapes, from the Ozarks to the Arkansas River Valley.
But what many people don’t know is that Arkansas is also a great place to find affordable burial insurance.
A death benefit from burial insurance, a type of life insurance, can be used by your beneficiaries to pay for your funeral and other final expenses.
It’s an essential part of financial planning, and it’s something that everyone should have.
If you’re looking for affordable burial insurance in Arkansas, Then you’ve come to the right place. In this article, we’ll learn more about burial insurance in Arkansas and how to find the best policy for your needs.
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What is Burial Insurance in Arkansas
Arkansas Burial Insurance is a type of life insurance that pays out a lump sum when you die.
It doesn’t accumulate cash value, like whole life insurance, but it can be cheaper and easier to get than whole life. Burial Insurance in Arkansas is not the same as preneed insurance.
A burial policy can help pay for funeral costs or other final expenses such as flowers, obituaries, and cremations.
You can choose a beneficiary who will get the money when you die. Funeral homes usually sell these policies and handle all the paperwork to file a claim.
Why Do Arkansas Residents Need Burial Insurance
Many Arkansans are unaware they need burial insurance until it’s too late. Burial insurance is a simple and inexpensive way to plan for your death and protect your family’s financial future.
Like most Americans, you probably have a mortgage and other debts that need to be paid off after you’re gone. Burial insurance usually starts to be purchased in your 50s.
Burial insurance can help your family pay these debts off and give them peace of mind knowing that the funeral expenses have been taken care of.
There are many reasons why Arkansas residents need burial insurance:
Protect Your Family’s Future:
Burial insurance can help your family avoid financial hardship after your death. By planning with burial insurance, you can ensure that your loved ones will not have to worry about paying off any outstanding debts or funeral expenses when they are grieving the loss of their loved ones.
Peace of Mind:
Buying burial insurance gives you peace of mind knowing that your family won’t have to worry about paying off any debts or funeral expenses if something happens to you unexpectedly. That’s why we recommend purchasing a policy before something happens rather than afterward!
Affordable Protection:
Burial insurance is an affordable way to protect your family’s finances. It is typically less expensive than a life insurance policy with the same coverage amount.
Flexible Coverage:
Most burial insurance policies allow you to choose the amount of coverage you need and how long you want the policy to last. This flexibility will enable you to tailor the policy to fit your budget and needs.
How Much Does Arkansas Burial Insurance Cost
Overall, burial insurance costs in Arkansas will depend on age, build, health, and medications. All burial insurance carriers look at you differently.
Age: The older you are, the more expensive it will be to purchase a policy because older people are more likely to die than younger people.
Gender: Women tend to live longer than men, so their rates are typically lower.
Health: If you have any health problems or conditions that could cause complications during surgery or recovery time after an accident, you may need additional medical care in addition to what your policy typically covers. It means that your premiums will be higher than someone who does not have any pre-existing conditions.
They have different underwriting guidelines, build charts, health impairment niches, and different rates. So they all look at you differently.
Below are the best rates for a superior carrier that A.M. Best highly rates. These carriers pay death benefits FAST and have outstanding customer service.
Arkansas Burial Insurance Costs 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 |
Arkansas Burial Insurance Costs 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 |
We always try our best to qualify you for the best rate, so these rates are what we strive for.
Why are they unique?
Arkansas funeral insurance has two qualities not seen in typical life insurance.
- It begins with the underwriting process.
- In burial insurance plans, some significant health risks are included in the underwriting process.
Then what? Seniors with significant health concerns may still get coverage.
They may obtain instant burial coverage at the lowest cost. Rarely does someone not qualify for a final expense plan with complete first-day coverage and a low premium.
Some plans don’t even ask about health. No matter your health, you qualify.
Final expense life insurance has the easiest underwriting. Small face value alternatives are another interesting characteristic. Traditional life insurance requires $25,000 or $50,000.
Burial insurance starts at $1,500. It is fantastic since people can purchase just enough to cover funeral expenses. You don’t need to get unnecessary coverage.
But you could use the coverage to cover probate costs, other end-of-life expenses, or leaving a legacy.
Arkansas Average Life Span
The residents of Arkansas have a life expectancy of 76.2 years in 2019, one year longer than in 2000 but less than the national average, which in the most recent year for which data are available was 78.8.
Arkansas Free Look Period
Any life insurance policy must be able to be tested by an insurance company. The free look period lasts for a certain period. You have ten days to look around Arkansas for free.
You can return life insurance policies during this period for any reason, and any premiums paid must be refunded.
A free look period does not mean you cannot cancel a life insurance policy after it has been purchased. Insurers cannot lock you into policies for an extended period.
In this case, You will not refund any premiums you have already paid.
Arkansas Leading Causes Of Death
- Heart Disease
- COVID-19
- Cancer
- Accidents
- Chronic Lower Respiratory Diseases
- Diabetes
- Alzheimer’s Disease
- Stroke
- Influenza/Pneumonia
- Kidney Disease
Some of those things are extremely bad for your health.
So, here’s what’s up: People with health problems can get help from us to get health insurance.
It is possible because we have an extensive network of burial and cremation service providers, each of which has its underwriting standards.
You can put most of our clients with a company that gives them full coverage as soon as they start working with us. There are several guaranteed issue insurers, so the rest don’t have to worry.
Find The Best Burial Insurance In Arkansas
Nobody wants to pay more than they need to for a service or a product. It is particularly true about burial insurance. Here are three things that make the best burial insurance policy:
- The policy comes from a reputable insurance company.
- Compared to similar services offered by competitors, its price is more reasonable and provides protection faster.
- This company charges a lower fee than others.
These are the two most important things for a burial insurance agent or company. They should be on their own and be able to choose from several different providers of death benefits for final expenses.
It is the most important thing. Don’t hire an agency that can only connect you with a few companies. You can’t tell if you’re getting the best deal when you don’t have many choices.
They must be in the business of selling funeral insurance for a long time. If you give us a chance, we’d love to show you how easy it is to get cheap burial insurance in Arkansas.
But if you decide to go in a different direction, you should prioritize finding a company that meets those needs. By doing this, you can save money on a burial policy.
Other states that may be of interest to you:
Where to Buy Burial Insurance in Arkansas
You can buy burial insurance from any life insurance company in Arkansas. You can also purchase it from an independent agent specializing in life insurance.
You can compare quotes from multiple companies to find one that fits your needs at InsuranceForBurial.com.
Final Thought
Most people don’t like to think about death, but it’s an inevitable part of life. And when it comes, being prepared can make all the difference for your loved ones.
That’s why we offer affordable burial insurance in Arkansas.
Our burial insurance policies are designed to cover the costs of your funeral and final expenses, so your loved ones don’t have to bear the burden financially.
And with our wide range of policy options, you can tailor your coverage to fit your needs and budget.
So if you’re looking for peace of mind in knowing that you and your loved ones are prepared for the inevitable, contact us today to learn more about our affordable burial insurance in Arkansas.
