Buying The Best Burial Insurance Iowa In 2024 (Rates)
Written by Daniel Ray, Life Insurance Expert |
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Fact Checked by
Lisamarie Monaco |
Editorial Disclosure
If you are in search of the best burial insurance Iowa you have come to the right place. We have the most efficient process in the industry for Iowa burial insurance. Read on.
Are you looking for a life insurance policy to cover your final expenses? If so, you may be wondering if there is such a thing as affordable burial insurance in Iowa.
It’s no secret that the cost of a funeral can be expensive. The average funeral in the United States costs between $7,000 and $10,000.
Your loved ones will be burdened if you don’t have enough money to cover these costs.
It is where burial insurance comes in. Burial insurance is a life insurance policy specifically designed to cover the costs of your final expenses.
As an Iowa resident, you may wonder if affordable burial insurance options are available. Keep reading to learn more about burial insurance in Iowa and what you need to know to get the best possible coverage.
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What is Burial Insurance In Iowa?
Burial insurance in Iowa is a type of life insurance specifically designed to cover the costs of your funeral and burial expenses.
It is an essential type of coverage, as the costs of funerals and burials can be quite expensive.
In Iowa, there are a few different options for burial insurance. You can purchase a policy through a life insurance company or a separate burial insurance policy.
You can also add burial insurance coverage to your existing life insurance policy.
It is essential to have burial insurance, regardless of how you purchase it. Your loved ones can be relieved of the financial burden if you pass away.
The Benefits Of Iowa Burial Insurance?
Burial insurance in Iowa offers the following benefits;
Peace of Mind: Burial insurance can provide your family with financial security in the event of your passing.
Cover Final Expense: The purpose of burial insurance is to assist your loved ones in covering the final expenses associated with your death.
Flexible Coverage: There are various coverage options available with burial insurance policies. You can choose the amount of coverage that is most appropriate for your needs.
Guaranteed Benefits: Regardless of the cause of your death, the death benefit you receive from burial insurance will be paid to your heirs regardless of the cause of your death.
Affordable: Life insurance for burials is generally less expensive than other types.
No medical exam: If you have a pre-existing medical condition and find it challenging to be covered by other types of life insurance, you may qualify for burial insurance without a medical exam.
Tax-Free: Most burial insurance policies provide tax-free benefits.
What Does Burial Insurance Cost In Iowa
When shopping for burial insurance in Iowa, it is important you speak to an independent national agent like us at InsuranceForBurial.com.
Overall, we will qualify your health rate class and match you up with the best option. We will also answer all your questions, which will happen in just a few minutes.
Then it’s decision time. We make it easy. Below are the rates for males and females searching for burial insurance in Iowa. This is a “NO WAITING” period policy with immediate coverage.
Burial Insurance Cost For Females In Iowa
| 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 |
Burial Insurance Cost For Males In Iowa
| 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 |
To get the lowest cost, you want to get burial insurance when you turn 50 or as soon as possible. This way, you have the lowest rate locked in.
Then you are not wasting money later on when you are on a fixed income at retirement.
Which Burial Insurance Types Are Available In Iowa?
Whole life insurance is the most common type of burial insurance and works like a regular whole life insurance policy. Beneficiaries will receive the death benefit tax-free, and the policy will accumulate cash value over time.
Term life insurance: Term life insurance covers you for a limited period (usually 10-20 years). If you die outside that window, your beneficiaries will not receive anything.
Universal life insurance: You can pay higher premiums and choose how much coverage you want with this type of policy.
How Does Burial Insurance Work In Iowa?
In Iowa, burial insurance works just like any other policy.
The insurer agrees to pay the beneficiaries a death benefit if they die while the policy is in effect. Your loved ones will receive a death benefit if you have burial insurance in Iowa.
You can use death benefits to cover funeral and burial costs, credit card and medical expenses, and debts.
The death benefit of burial insurance can be tax-free and paid out to your heirs. Burying insurance is available from a financial advisor, a broker, or a company.
Burial services in Iowa often work independently from funeral homes, while others collaborate with them. Most homeowners’ policies cover burial benefits, but some don’t.
Most burial companies charge an additional fee for their services, depending on the type of casket you choose. A burial policy in Iowa can protect your loved ones financially if you pass away.
Choosing the best policy for your needs depends on how well you compare different policies.
Here are some other states with burial information you may be interested in:
How Much Burial Insurance Do I Need?
A few factors determine how much burial insurance you will need in Iowa. These factors include how much your funeral and burial will cost, how many dependents you will have, and your financial situation.
To determine how much burial insurance you need, you should consider the following factors:
- Your Funeral Expenses include a casket, funeral home services, and a headstone or grave marker. According to the Funeral Home Association of Iowa, the average funeral costs $7,000.
- Your Burial Expenses: Iowa burials cost an average of $3,000. It includes the cost of a plot in the cemetery, a headstone or grave marker, and funeral home services.
- Your Dependents: Your dependents’ needs must also be considered. If you have children, you must ensure their financial needs are met after death.
- Your Financial Needs: In determining how much burial insurance you need, it is crucial to consider your financial needs. You must pay off your mortgage or other debts before your death.
Iowa Free Look Period
You will have ten days to review the policy and determine whether or not it meets your expectations.
During this period, you will have time to research everything and decide whether it meets your expectations.
Once you receive the policy, you will have ten days to examine it and determine if it meets your expectations.
You can refund premiums during this period if you cancel your policy. You may not make any changes to the policy during this period, so make sure everything is correct before signing.
Further, if you cancel your policy after the free look period expires, you will not receive a refund of your premiums.
Iowa’s Top Death Causes
- Heart Disease
- Chronic Lower Respiratory Diseases
- Cancer
- Accidents
- Alzheimer’s Disease
- Stroke
- Diabetes
- Suicide
- Influenza/Pneumonia
- Hypertension
Iowa Life Expectancy
The average Iowa resident lives to be 79 years old, ranking 12 out of 50 states in terms of life expectancy. Are Iowa residents charged more?
As Iowa has the lowest mortality rate of all the 50 states, you will not have to pay more for insurance if you live there. Only Montana has unisex rates.
Iowa’s low mortality rates do not mean you will have to pay more.
We show Iowa’s average life span to understand better when people typically die.
In summary, no matter your age, you should take care of this immediately. It will ensure you never have to worry about your family paying for your funeral.
Why Are We Choosing InsuranceForBurial.com?
We aim to provide you with greater peace of mind so that you can focus on what you do best with InsuranceForBurial.com.
There are many high-priced burial insurance companies, lead vendors, and spammy websites to navigate, making the process frustrating.
Yet, you found us despite not looking. Our burial insurance offers something different from what you’ve seen before.
There are three primary reasons for this:
- We focus on burial insurance to ensure that our experts can provide detailed information about your situation. Therefore, when you speak with our experts, you will know that we completely understand the subject.
- Our agency is independent. Access to all major insurance companies allows us to find the best insurance plans to meet your needs and budget. Due to this, we can always provide you and your family with the right products.
Our business aims to make it easy for you to understand your options and choose the best one. Therefore, although we represent a variety of insurers, we do not favor any of them.
Conclusion
Understanding your options and finding the right policy when shopping for Burial Insurance in Iowa is essential.
We at InsuranceForBurial.com are independent insurance brokers who can assist you with finding the right policy for your needs. Get in touch with our experts today.
