Burial Insurance Companies
Burial Insurance Topics
New Era Life
New Era Life was formed in 1924. The current management team has been in place since 1989. New Era’s final expense insurance plans offer guaranteed benefits and death payouts ranging from $2,000 to $25,000. The company also guarantees your premiums, which means that your monthly payments will never increase over the life of your insurance. The company requires that you complete a brief medical questionnaire prior to obtaining insurance, but it does not require any medical examinations, physician statements, or blood tests.
Can I add more final expense insurance later?
If you want to add additional money to the death benefit on your burial or final expense policy, you should contact your burial insurance company and inquire about how to proceed. Your policy documents will state whether or not your policy allows for benefit upgrades. You may be prevented from adding to your death benefit if you have recently become seriously ill. Similarly, if your life expectancy has decreased dramatically since you signed up, you may not be able to add money to your death benefit. Whether or not you can add additional money to your death benefit will vary on an individual basis. Contact your burial insurance company for further information.
How do I obtain a life insurance quote?
The quickest and easiest way to obtain a life insurance quote is via the website of your preferred final insurance company. You’ll need to sign up for an account on the company’s website, which involves entering personal information such as your full name, your address, etc. Most companies feature prominent buttons on their websites that you may click to request a quote. Sometimes you may be asked to fill out a brief health-related questionnaire, which helps the insurance company determine which coverage you are eligible to receive as well as determine your premium rates.
Rates are computed based on your age, your sex, your current health, your health history, your location, and several additional factors. Premium rates will vary based on the type of policy you want and the amount of your desired death benefit.
How do I find the most affordable rate?
You should research all of the insurance companies in your local area, either by visiting them in person, calling them on the phone, or viewing their website. You should also call or visit the websites of national companies. Once you’ve obtained quotes from several companies in this manner, you’ll be able to compare them and determine which firm offers the best rate and the best coverage for your individual needs.
How to get started with New Era Life
If you are already a New Era Life insurance customer, you should contact your local office and inquire about a final expense policy. If you are a prospective customer, you can obtain a quote and start the application process 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 – B+, Positive outlook
Moody’s – Not rated
Standard & Poor – Not rated
Company contact info
New Era Life
11720 Katy Freeway
Houston, TX 77079
PO Box 4884
Houston, TX 77210-4884