The Marketing Guardian The Marketing Guardian
  • Marketing
  • Business
  • Technology
  • Gold and Diamond
  • Fashion
  • Finance
  • Travel
The Marketing Guardian The Marketing Guardian
The Marketing Guardian The Marketing Guardian
  • Marketing
  • Business
  • Technology
  • Gold and Diamond
  • Fashion
  • Finance
  • Travel
insurance
Home Blog Finance Understanding the Final Expense Insurance Costs by Age
  • Finance

Understanding the Final Expense Insurance Costs by Age

  • December 24, 2020
  • themarketingguardian
Total
0
Shares
0
0
0

Life is short and unpredictable. That is why the final expense insurance is something you can depend on to leave no baggage for your loved ones. If you have been trying to get an idea of the final expense quotes, this post will help you.

Table of Contents

  • Final Expense Insurance Cost—How Is It Determined?
  • Age 50-59
    • If you are a 50-year-old female, then your
    • If you are a 50-year-old male, then your
    • And by the time you are 59, for females:
    • For males:
  • Age 60-69
    • For a 60-year-old woman, the final expense quotes would be:
    • For a 60-year-old man, the cost would be:
    • As you can see, the premiums aren’t that high in the 60s age bracket. The difference is pretty nominal when you reach 65. For females:
    • For males:
  • Age 70-89
    • For women:
    • For men:

Final Expense Insurance Cost—How Is It Determined?

  1. The final expense or the burial expense insurance policy resembles the standard whole life policy. The major difference being the proceeds will be used to pay for the funeral.
  2. If you are applying for the policy from a reputed company, it won’t suddenly cease at any age unless and until you stop paying the premium.
  3. They also guarantee the death benefit and build cash value that can be borrowed from.
  4. The final expense insurance cost has numerous determining factors, say age, gender, health condition, face amount, etc.
  5. You can also choose your preferred beneficiary, like your spouse, children, sibling, parent, cousin, nephew, niece, aunt or uncle, grandchildren or great-grandchildren, any family member you are close with, a family friend, or even the funeral home.
  6. Your approximate premium can be $50 per month; however, it can be higher or lower, depending on your policy type; the minimum is $5000 and the maximum is $20,000. Put simply, the earlier you buy your insurance, the lower would be the premium.
  7. Let’s Find out the final expense quotes (on average) for different age groups:

Age 50-59

If you are a 50-year-old female, then your

  • no waiting period policy cost can be between $13.94 and $46.14
  • tobacco & no waiting period policy cost can be between $16.97 and $58.72
  • guaranteed acceptance cost can be between $14.53 and $55.37

If you are a 50-year-old male, then your

  • no waiting period policy cost can be between $16.18 and $55.11
  • tobacco & no waiting period policy cost can be between $16.97 and $58.72
  • guaranteed acceptance cost can be between $20.05 and $70.58

And by the time you are 59, for females:

  • no waiting period policy cost can be between $17.45 and $60.20
  • tobacco & no waiting period policy cost can be between $23.15 and $83.00
  • guaranteed acceptance cost can be between $22.50 and $87.27

For males:

  • no waiting period policy cost can be between $22.01 and $78.43
  • tobacco & no waiting period policy cost can be between $29.65 and $109.01
  • guaranteed acceptance cost can be between $27.59 and $107.62

If you have observed, the premiums for men are on the higher side. Now, let’s move on to the next age segment.

Age 60-69

For a 60-year-old woman, the final expense quotes would be:

  • no waiting period policy cost can be between $18.04 and $62.53
  • tobacco & no waiting period policy cost can be between $23.94 and $86.13
  • guaranteed acceptance cost can be between $23.57 and $88.27

For a 60-year-old man, the cost would be:

  • no waiting period policy cost can be between $22.98 and $82.31
  • tobacco & no waiting period policy cost can be between $31.11 and $114.83
  • guaranteed acceptance cost can be between $28.78 and $112.38

As you can see, the premiums aren’t that high in the 60s age bracket. The difference is pretty nominal when you reach 65. For females:

  • no waiting period policy cost can be between $18.04 and $62.53
  • tobacco & no waiting period policy cost can be between $23.94 and $86.13
  • guaranteed acceptance cost can be between $23.57 and $88.27

For males:

  • no waiting period policy cost can be between $29.48 and $108.31
  • tobacco & no waiting period policy cost can be between $41.10 and $154.77
  • guaranteed acceptance cost can be between $34.60 and $135.67

Age 70-89

For women:

  • no waiting period policy cost can be between $28.22 and $210.83
  • tobacco & no waiting period policy cost can be between $37.42 and $250.00

For men:

  • no waiting period policy cost can be between $38.45 and $285.83
  • tobacco & no waiting period policy cost can be between $50.49 and $351.67

Please note, guaranteed acceptance cost is not applicable above 86 for both men and women. Also, you don’t have to show any medical records or undergo any tests to qualify for the Insurance write for us. The final expense quotes will be decided by evaluating the factors mentioned above and a question-answer round, and the rest will be taken care of by your insurance company.

Review Understanding the Final Expense Insurance Costs by Age. Cancel reply

Your email address will not be published. Required fields are marked *

Total
0
Shares
Share 0
Tweet 0
Pin it 0
themarketingguardian

Previous Article
Cable
  • Technology

Find the Best Cable TV, Phone & Internet Providers in Your Area

  • December 23, 2020
  • themarketingguardian
View Post
Next Article
seo agencies
  • Business

Factors affecting cost of SEO agency in Singapore

  • December 28, 2020
  • themarketingguardian
View Post
You May Also Like
Navigating Financial Challenges_ Managing Church Finances During the Summer Season
View Post
  • Finance

Navigating Financial Challenges: Managing Church Finances During the Summer Season

  • themarketingguardian
  • August 26, 2023
Bill C
View Post
  • Finance

Bill C-18: An Analysis of Canada’s Revolutionary Approach to Online News

  • themarketingguardian
  • July 11, 2023
liability insurance
View Post
  • Finance

An Ultimate Guide to Commercial General Liability Insurance

  • themarketingguardian
  • June 3, 2023
bonds
View Post
  • Finance

Seven things you should know about bonds

  • themarketingguardian
  • March 28, 2023
trailing stop order
View Post
  • Finance

How to Create a Trailing Stop Order

  • themarketingguardian
  • January 9, 2023
ulip
View Post
  • Finance

Planning to Invest in ULIPs? Understand the Charges

  • themarketingguardian
  • August 30, 2022
6 eCommerce Tips To Improve Your Conversion Rates
View Post
  • Finance

6 eCommerce Tips To Improve Your Conversion Rates

  • themarketingguardian
  • July 5, 2022
stock
View Post
  • Finance

How To Build & Diversify Your Stock Trading Portfolio

  • themarketingguardian
  • June 22, 2022
Popular Post
  • 20 email marketing tips to boost e-commerce sales
    • Marketing

    20 email marketing tips to boost e-commerce sales

      • Marketing
    View Post
  • How to Pay for Drug Rehab without Insurance_
    • Health

    How to Pay for Drug Rehab without Insurance?

      • Health
    View Post
  • Hiring Global Talent with the Help of TalentX Recruitment A Complete Guide
    • Business

    Hiring Global Talent with the Help of TalentX Recruitment A Complete Guide

      • Business
    View Post
  • Navigating Financial Challenges_ Managing Church Finances During the Summer Season
    • Finance

    Navigating Financial Challenges: Managing Church Finances During the Summer Season

      • Finance
    View Post
  • French translation
    • Marketing

    Professional French Translation Services Singapore

      • Marketing
    View Post
Recent Post
  • 20 email marketing tips to boost e-commerce sales
    • Marketing
    20 email marketing tips to boost e-commerce sales
  • How to Pay for Drug Rehab without Insurance_
    • Health
    How to Pay for Drug Rehab without Insurance?
  • Hiring Global Talent with the Help of TalentX Recruitment A Complete Guide
    • Business
    Hiring Global Talent with the Help of TalentX Recruitment A Complete Guide
  • Navigating Financial Challenges_ Managing Church Finances During the Summer Season
    • Finance
    Navigating Financial Challenges: Managing Church Finances During the Summer Season
  • French translation
    • Marketing
    Professional French Translation Services Singapore
  • How To Measure Success From Influencer Marketing
    • Marketing
    How To Measure Success From Influencer Marketing
  • performance appraisal
    • The Marketing Guardian
    Major Tools and Techniques for Performance Appraisal
  • Online Casino Gaming
    • General
    Maintaining Momentum: What Not to Do When on a Winning Streak with Online Casino Gaming
  • Modnetwork: Network Of Farming Simulator Mods
    • Technology
    • The Marketing Guardian
    Modnetwork: Network Of Farming Simulator Mods
  • contraceptive
    • The Marketing Guardian
    Contraceptive Measures: A Comprehensive Guide on Potential Safety Risks
About Us

TheMarketingGuardian gives brand the management solutions. We are focused on bringing thoughts, motivation, strategy, and tools to help our clients to raise their business and make success.Our proved solutions have helped clients achieve their goals in an variety of grounds.

Recent Post
  • 20 email marketing tips to boost e-commerce sales
    • Marketing
    20 email marketing tips to boost e-commerce sales
  • How to Pay for Drug Rehab without Insurance_
    • Health
    How to Pay for Drug Rehab without Insurance?
  • Hiring Global Talent with the Help of TalentX Recruitment A Complete Guide
    • Business
    Hiring Global Talent with the Help of TalentX Recruitment A Complete Guide
  • Navigating Financial Challenges_ Managing Church Finances During the Summer Season
    • Finance
    Navigating Financial Challenges: Managing Church Finances During the Summer Season
Popular Post
  • 20 email marketing tips to boost e-commerce sales
    • Marketing
    20 email marketing tips to boost e-commerce sales
  • How to Pay for Drug Rehab without Insurance_
    • Health
    How to Pay for Drug Rehab without Insurance?
  • Hiring Global Talent with the Help of TalentX Recruitment A Complete Guide
    • Business
    Hiring Global Talent with the Help of TalentX Recruitment A Complete Guide
  • Navigating Financial Challenges_ Managing Church Finances During the Summer Season
    • Finance
    Navigating Financial Challenges: Managing Church Finances During the Summer Season
The Marketing Guardian The Marketing Guardian
  • About Us
  • Blog
  • Write For Us
  • Contact Us
  • Privacy Policy

Input your search keywords and press Enter.