Burial Insurance Companies
Burial Insurance Topics
Assurity is a life insurance conglomerate that offers products and services in all 50 states. The company’s website advertises whole life, term life, and universal life policies, along with various annuities. Some of these products may be used to cover funeral and other end-of-life expenses. Assurity does not publicize its qualification requirements or premium rates on its website. You should contact an Assurity agent using the information below for further details.
Do I have to use burial insurance benefits on funeral expenses?
After the policyholder of a burial or final expense plan passes away, the policy beneficiary can use the payout funds however they like. Many beneficiaries use the funds to cover funerals and related expenses, which currently cost an average of $10,000 in the United States. However, final expense payouts may be used for any expense, debt, bill, loan, or purchase at the beneficiary’s discretion.
How do you apply for burial insurance?
Applying for burial insurance is easy to do online. Simply surf to the insurance company website of your choice and search for “burial” or “final expense” insurance via the site’s search function. Most insurance company websites make it obvious where and how to sign up. You’ll need to provide your personal information, and in many cases you’ll need to answer a brief health-related questionnaire. This questionnaire helps the insurance company determine which of its plans is the best fit for your particular situation. If you’d rather talk to a real person instead of applying for burial insurance online, you can call the 800 numbers commonly listed on the insurance company websites. If the companies have local offices, you can visit them and speak with a licensed agent in person.
Do burial insurance premiums change?
Almost all burial insurance products boast guaranteed premiums. This means that your premium payments will never change over the life of the insurance as long as you make your payments on time. Premium amounts are determined based on your age, your sex, your current health, your family health history, your location, and several other factors. Guaranteed premiums will not change even if your health deteriorates, provided you meet all of the qualification requirements.
How to get started
If you are already an Assurity Life insurance customer, you should contact your local office and inquire about a final expense policy. If you are a prospective customer, you can connect with an agent on the firm’s website. You may also shop for policies using our comparison tool by clicking on the following link.
Financial Strength Ratings
AM Best – A-, Stable outlook
Moody’s – No rating
Standard & Poor – No rating
Company contact info
Assurity Life Insurance Company
PO Box 82533
Lincoln, NE 68501-2533