OMG … You’re 61. I bet when you were 19, you never thought you would make it this far. Strange how the young feel like they will never die, yet don’t believe they will make it to old age either. In this article we discuss burial insurance for 61 year olds.
I remember back in 2008, thinking I might NOT make it to 2014. I was in perfect health, but had this bizarre notion that my time was short. Now it is 2020 and I am starting to believe maybe I will live to be over 100.
Life … ughhh … if we could only figure it out sooner, or maybe we never really will figure any of this out.
Quick story … Back in the early to mid 1990’s I owned the largest rural cable TV company in America. For a young man, my success was unprecedented. Everything was going in my favor and I soon pulled off my crown jewel, a 5,000 square foot home directly on the ocean at York Beach, Maine. (actual picture of backyard is below … it was up high on the cliff)
I’ll never forget the first summer when my family moved in. I was single, but I had my Mom and Dad with me and looking out at that ocean was something I had always dreamed about.
At the Time, I Was Young, so Maybe I Didn’t Totally Appreciate What I had Done.
If I could go back in time, I think I would kneel down and kiss the soil that house was built on, because for a young man, that was an incredible accomplishment.
In any event, as the years went by I became more and more popular. Every single member of my family, some who I had not spoken with for years, came out of the woodwork wanting to visit my new house.
We had the room. There must have been 7 bedrooms in the monstrosity and I always had an open door policy. Anyone, even folks I barely knew were welcome.
As time went on I sold my cable TV business and things in Maine really kind of dried up for me. I had the house, my office, a villa in the Dominican Republic, but without my business, the cold weather of the upper Northeast started to take it’s toll.
So I moved to Scottsdale, Arizona in 2001 and went into a sort of semi-retirement for a few years until I could figure out what I wanted to do next.
Here’s the Kicker …
Even though I still had my money and I had a beautiful home in Scottsdale, all those folks who were so eager to be my friends in Maine with my incredible oceanfront home, quickly drifted away.
I never heard from them. And when I did, it was almost as if they had never come to my home and stayed for days or weeks on end.
It reminds me of the last season of Breaking Bad where Walter White is exiled from New Mexico to a cabin in New Hampshire (a little bit of reverse geography there), and suddenly sits all alone.
It was the strangest feeling. Moving to Scottsdale and being single at the time sounded like a great idea, but it was lonely.
Of course it’s 20 years later and I’m married with two kids and all is good with this incredible venture into insurance and finance but …
It’s been 20 years and I still haven’t come to grips what happened back in Maine. Why did all of those people, many from my own family, drift away so quickly. Bizarre …
Even as I write this, my head becomes cloudy thinking about what went wrong. I liked having all those people like me.
It kind of rings a bell when it comes to being covered for Final Expense Cremation or Burial insurance coverage at 61 years of age. Deep down I can tell almost all want to do it. They don’t want to die and have their loved ones cursing them for not having coverage.
But at the same time, they have these strained relationships with virtually everyone. I’ll tell you, America is more torn apart than it has ever been.
It’s the giant dilemma. I know I am not supposed to say this, but after talking with thousands of people over the phone, I can truly say that most people who don’t buy burial coverage are in some ways getting back at people for their perceived slightings over the years.
After all, why wouldn’t you have burial coverage, especially by age 61?
Why on earth would you ask someone to figure out what to do with you after you were gone?
So Here You are at Age 61 and Still on the Fence About Getting Burial Insurance.
I get that. I can understand what you are feeling. If I wasn’t married, maybe I would feel the exact same way.
I’m blessed with a wonderful wife (albeit with a hot temper) and two boys that I would take a bullet for (albeit one of them spends too much time playing video games on the computer), and yes, I have coverage.
But not all situations are as clear cut as mine.
I am 57 years old … my wife is 35. It would be a real problem for her dealing with my demise if I did not have full and absolute coverage in place.
For some of you, it’s not that simple. Your kids are grown. Maybe your husband is dead. You probably never owned an oceanfront beach house, so you haven’t been completely abandoned by your friends like I was, but still … a lot of hard feelings out there.
But at the end of the day you will die. And when you do die, you have two sharks waiting to make money off your remains. 1) the cremation people 2) the burial people.
The fact is, the costs for both are totally out of control. I think they believe folks will just pop the expenses on a credit card and figure out how to pay for it later.
Don’t look at the insurance people as the bad guys, the rates have stayed level for the benefits for many years. Look at the funeral folks as the black hats, because those rates have been climbing like Mount Everest.
But it Won’t be Your Credit Card that pays for Colonial Penn and Alex Trebek …
So maybe you just ride it out. Think of it as revenge for all the wrong doings others have done to you once you pass that they have to deal with things. Again, I get that.
But is that really an option? Is that really how you want to be remembered? Is it just plain right?
I am not the turn the other cheek kind of person, but on this, I think you almost have to. You have to look at it as if, even though you are gone, it is still your responsibility to have a plan in place, even if those you left behind weren’t always the best to you.
Not an actual funeral plan like the later Senator John McCain had. It was reported that he had written down exactly what he wanted for a service and yes, it was extreme. RIP John, but sometimes you took yourself a bit too seriously.
But What You Need is Money … Cash for the Folks that will be Taking Care of Things for You.
And again, I am not just trying to sell you something I don’t have myself. I have two policies in place. More than enough to cover everything. I couldn’t put this in print as I am licensed and insured. It’s true …
So what should you do? I can’t tell you that. I can only say that if it is possible, you should strongly consider Final Expense Cremation or Burial coverage. Your loved ones, even if you question that love sometimes, will be so grateful that you took the time to consider before you passed.
Sure you can wait until your older. You think the insurance companies aren’t wise to that “trick”. They figured that out when you were still playing 8 track and cassette tapes in your car stereo.
The older you get, the more coverage costs. And yes, it gets crazy when you get over the age of 65 and into 70 and beyond. And if you come down with a serious condition like Cancer, you can forget about it because you are going to be on the two year waiting period. So it makes a lot of sense to get burial insurance at the young age of 61.
I get it … you want to put it off. You want to worry about it later. Procrastination is a problem for every single one of us.
Sample Burial Insurance Rates for 61 Year Olds and these are not with John Hancock Final Expense …
*** Rates stay the same forever ***
|GENDER & RATING||$5,000||$10,000||$15,000||$20,000|
|Female No Waiting Period||$18.86||$34.51||$50.17||$65.82|
|Female Tobacco No Waiting Period||$25.08||$46.96||$68.83||$90.71|
|Female Guaranteed Acceptance||$24.26||$46.52||$68.78||$91.04|
|Male No Waiting Period||$24.29||$45.38||$66.47||$87.56|
|Male Tobacco No Waiting Period||$33.09||$62.97||$92.85||$122.73|
|Male Guaranteed Acceptance||$29.79||$58.67||$87.54||$116.42|
Simple … because of me, Gary. I have been doing this for years and I know what the best options are for our clients.
I am also a real person. Even though everyone tells me how young I look for my age, I am 57 and I can totally understand the ups and downs of this world. And believe, there are way more downs than ups.
Again, I get it …
And we are good at this. We know what policy to put you in. We know how to match you with the right carrier.
If you are watching CNN and see the great Alex Trebek talking about Colonial Penn Life Insurance, you might think, I should give them a call.
Most of Colonial Penn policies have a two year waiting period even if you are in relatively perfect health. This is not what you want and not what you need.
You need to call us to inquire about burial insurance at age 61 … And better yet, just call in and ask to to speak directly with me, Gary.
Gary P. Cubeta
(Serving Americans In All 50 States)