Affordable Burial Insurance In Utah
Written by Daniel Ray, Life Insurance Expert |
✅
Fact Checked by
Lisamarie Monaco |
Editorial Disclosure
Securing affordable burial insurance in Utah is essential, especially considering the region’s average funeral cost, which exceeds $6,888.
Having financial preparedness for these expenses is vital, ensuring that burdens aren’t heaped onto grieving loved ones.
Understandingly, the role of burial insurance becomes crucial in such circumstances.
As a form of life insurance, it’s designed to cover your funeral and burial expenses.
This coverage represents not only an affordable avenue to meet your end-of-life expenses but also a strategic investment for your family’s financial stability.
As you’d expect, a multitude of companies in Utah offer burial insurance, each with its unique value proposition.
Consequently, it’s paramount to sift through the multitude of options to find a policy that aligns with your needs.
In your journey to find the right coverage, this comprehensive guide serves as a beacon, providing insights into the different types of burial insurance available in Utah, strategies to find the most suitable coverage, and a clear-eyed look at the costs involved.
Table of contents
What Is Burial Insurance In Utah?
Burial insurance is a type of life insurance that helps cover the costs of your funeral and burial.
For example, it can cover the costs of your funeral service, cremation, burial plot, and other related expenses.
Burial insurance is a crucial way to help your loved ones cover the costs of your funeral, and it can give you peace of mind knowing that your final expenses are taken care of.
If you’re a resident of Utah, you may be wondering if you need burial insurance.
The answer is that it depends on your circumstances. For example, you may not need burial insurance if you have a life insurance policy.
However, if you don’t have life insurance, or if your life insurance policy doesn’t cover your funeral costs, then burial insurance can be a good option.
Two Types of Burial Insurance Policies
Utah has two central burial insurance policies: pre-need and final expense.
Pre-need policies are purchased in advance of your death.
For example, it would help to name your beneficiary a funeral home or cremation provider.
You can use the death benefit from a pre-need policy to cover the costs of your funeral or cremation.
Final expense policies are similar to pre-need policies but are not purchased in advance.
With a final expense policy, you can use the death benefit to cover any final expenses, including your funeral and burial.
How Does Burial Insurance in Utah Work?
Burial insurance in Utah works by paying the expenses of your loved one’s funeral and burial.
It includes the costs for cremation, cemetery plots, caskets, and headstones.
Burial insurance can be a great way to help support a loved one’s burial after they’ve passed away.
In most cases, you will have to buy this type of policy from an insurance company that offers these types of plans.
The cost of these policies is typically quoted per person or family (sometimes, you can get coverage for multiple members).
You can find these policies at funeral homes or online.
Burial insurance in Utah is not like homeowner’s or renter’s insurance.
It does not cover the whole house or apartment; only what has been used during your lifetime (your possessions) is protected by burial insurance in Utah.
Benefits of Burial Insurance In Utah
Benefits of Burial Insurance in Utah:
- When you die, your family will receive the funds you have left behind.
- You can leave a legacy for future generations to enjoy and appreciate.
- It protects your loved ones from financial hardship due to unexpected illness or death of a breadwinner.
- It provides peace of mind knowing that insurance benefits cover the costs associated with your burial.
- It covers all costs associated with the burial or cremation, including caskets, headstones, and mausoleums.
- The affordable and affordable rates offered by funeral homes in Utah make this option more attractive than paying for a grave plot and monument that you may not use or even like.
- Purchase burial insurance from a company that specializes in this type of coverage. Your loved one will receive the best possible service when it comes to choosing their final resting place and having their gravesite prepared for their last resting place and having their gravesite prepared for them before they move on from this world.
Underwriting for Burial Insurance
It is a great thing that these plans have simplified underwriting.
There is no need to go through any medical test, physical exam, blood test, blood pressure test, etc.
Instead, it is a matter of answering questions about your health on their application and checking your medical history and prescriptions, and that’s all they do.
You can even do it all at home within 30 minutes.
That’s how easy and fast it is. They are looking for three main factors when considering your coverage.
- Prescriptions for potent drugs.
- Your health condition’s management.
- In what time frame have you not had any incidents with your conditions?
Among the most commonly prescribed medications are donepezil, nitro, and gabapentin, depending on the type of condition and how well it is managed.
Example: A policy with a graded benefit will only be available if you have had a heart attack within the last year. You will now be eligible for day one level coverage with no waiting period if you had a heart attack over two years ago without incident.
A team member will review this with you during the application and consultation process. We aim to provide you with level coverage for 90% of our clients.
Utah Leading Causes of Death
Utah’s Leading Causes of Death are as follows;
- Heart Disease
- Cancer
- Accidents
- Alzheimer’s disease
- Stroke
- Chronic Lower Respiratory Disease
- Suicide
- Diabetes
- Kidney Disease
- Flu/Pneumonia
Read What Our Clients Say About Us
What Is The Life Expectancy In Utah?
Utah males’ life expectancy at birth was 72.4 years, and that of Utah females was 78.6 years in 1980.
Male life expectancy increased from 70.0 to 74.5 years between 1980 and 2020, and female life expectancy increased from 77.4 to 80.2 years.
It means that, on average, Utahans born in 2020 can expect to live about 2.5 years longer than those born in 1980.
Males can expect to live about 4.5 years longer, while females can expect to live about 2.8 years longer.
Utah Free Look Period
It is a pleasure to inform you that your state’s insurance department has put in place a safety measure for your protection when buying any form of insurance.
Indiana’s free look period lasts ten days. If, for any reason, you refuse an insurance contract during this period, you will receive a full refund.
In this free look period, you can review your policy to ensure you are satisfied. You do not have to give a reason, and the insurance company cannot refuse to cancel your policy.
For instance, a funeral insurance policy in Indiana should verify that the monthly premium and death benefit match what was promised.
You can throw something away entirely and get a refund if something doesn’t make sense.
Important: A life insurance policy can also be canceled at any time if you decide to cancel it at the end of the free look period since you are not locked into a contract with any provider. If you cancel your life insurance policy after the free look period, you won’t receive the money you have paid in.
Changing your life insurance can sometimes be beneficial, and sometimes it can’t. Evaluating all the details before making a change is essential to ensure that it’s in your best interest.
Features of Burial Insurance In Utah
Final expense life insurance benefits include the following. Because they are whole-life policies, they are straightforward to understand.
- Your premiums are locked in for life, so you’ll never have to worry about rising costs.
- Guaranteed never to expire. Your certificate will remain valid no matter how old you are.
- Death benefits cannot be reduced.
- It’s perfect for those who want to be cremated and don’t need a lot of coverage. You can buy coverage starting at $1,000.
- Underwriting is highly relaxed, so even people with serious health problems qualify.
How Much Does Burial Insurance Cost In Utah?
The cost of burial insurance in Utah will vary depending on several factors, including age, health, gender, and the amount of coverage you need.
- Age: Generally, the older you are, the more expensive your policy will be.
- Health: If you have any health conditions or take medication for a chronic illness, you may pay more for your policy.
- Gender: Generally, women pay more for burial insurance than men because they have a longer life expectancy.
- Amount of Coverage: The more coverage you need, the more expensive your policy will be.
To get an idea of how much burial insurance will cost in Utah, we suggest getting a quote from a few companies. It will give you an idea of what is available and how much it will cost.
Cost of Burial Insurance in Utah
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 Right Burial Insurance in Utah
When looking for burial insurance in Utah, finding a policy that meets your needs is essential. Here are a few things to consider when you are shopping for burial insurance:
- Make sure you understand the types of policies: There are two main types of burial insurance in Utah: pre-need and final expense. Be sure to understand the difference between these two types of policies before you make a decision.
- Consider your budget: Burial insurance can be expensive, so it is essential to consider your budget when shopping for a policy.
- Compare quotes: Get quotes from several companies before deciding on a policy. It will help you find the best rate.
- Read the fine print: Be sure to read the fine print of any policy you are considering. It will help you understand what is covered and what is not.
- Choose a reputable company: Many different companies offer burial insurance in Utah. Be sure to choose a reputable company that has a good track record.
How to Get The Best Burial Insurance In Utah At The Best Price
Burial insurance In Utah has one universal truth that most companies are unwilling to reveal: final expense policies offer lower rates and immediate coverage, so applicants should not purchase burial guarantees.
There are very few insurance companies that accept underwriting policies.
A funeral insurance plan can provide you with more information about your policy. However, you will have to devote a lot of time to compare plans from different providers, and not all funeral insurance companies advertise on television. As a result of not having to spend millions on advertising, these companies offer aggressive underwriting and great prices.
You can only obtain them through an independent insurance agency. Insurers represent a wide variety of insurers. Our mission is to help you find the right policy. Using InsuranceForBurial.com, you can determine which companies accept your underwriting and find a company that is the best match.
The best part?
Free independent agencies offer various benefits and may surprise you with their effectiveness.
For example, our clients are fully covered from day one instead of waiting two years for coverage.
In addition, they usually qualify for a plan that requires underwriting, which means significantly lower monthly premiums than guaranteed issue policies.
Are Guaranteed Issues a good idea? Getting a guaranteed issue policy may be the only way to get health insurance coverage for a high-risk condition.
The good news is that it’s rare. However, some health conditions require such policies, which shouldn’t come as a shock to anyone.
In addition, underwriting plans are usually available to most applicants, meaning they can get instant coverage at a lower premium.
Burial Insurance In Other States You May Want To know About
Conclusion
Burial insurance is a critical way to plan for the future and protect your loved ones from the high costs of funeral expenses.
There are many affordable and low-cost burial insurance options available in Utah. Contact a local insurance agent today to get a quote and find the best plan for your needs.
