Do You Need Burial Insurance at 76? Why Colonial Penn is a Bad Option

Burial Insurance 76 Colonial Penn

76 years old. Do you have a Burial Insurance? Why should you? You have lived a great, healthy life and haven’t even thought of the prospect of death and burial. But we all know anything could happen. The worst option to consider at age 76 is to go with Colonial Penn Burial Insurance at this age.

Why Not Colonial Penn Funeral Insurance at 76 Years Old?

Anna Mary Robertson Moses, better known as “Grandma Moses”, did not start painting until she was 76 years old.

After her arthritis made it too hard for her to hold an embroidery needle, she persevered. Although she had no formal training, she painted every day for 25 years and produced thousands of paintings. Her simple depictions of farm life were shown all around the world, and when she died at age 101, then-President John F. Kennedy released a statement praising her paintings for inspiring a nation, noting, “All Americans mourn her loss.”

Other seniors, like Anna, fulfilled lifelong dreams after years of hard work. She was such an inspiring woman.

granma moses

Like we always say, age is just a number. The years and experiences we have throughout life change and in many instances inspire us.

My father, now 78 is one of the healthiest people I know. He golfs at least 3 times a week. He is Vietnam War Veteran, who suffered casualties in war, one being enemy shrapnel and the other PSTD.

The VA had done a great job over the years in terms of his medical care.  But Burial Insurance is a different issue with the VA. The Burial allowance for a non-service-connected death are minimal. If the Veteran dies on or after October 1, 2018, the VA will pay a $300 burial allowance and $780 for a plot. As much as the VA does for our Veterans, that’s a small amount of money for their final expense.

Insurance 2 Year Waiting Period With Gary Cubeta

For Burial in a National Cemetery, You’ll Receive an Allowance For:

  • Burial and funeral costs
  • The plot (grave site) or interment
  • Transporting the Veteran’s remains for burial

Note: The Veteran’s family will need to cover the cost of funeral director services, like cremation.

This Why We at Insurance for Final Expense Urge You to Protect Your Loved Ones

Having a Burial Insurance in Place ahead of one’s departure is critical. None of us want to think of our children bickering over expenses and details when we pass. We have discussed this in previous articles. The costs associated with a dignified burial service are obnoxious.

So are Colonial Penn’s Burial Insurance Rates for 76 Year Olds. See below… This information is pulled from Colonial Penn’s Website.

AGE: 76 / MONTHLY$19.90/MO 39.80/MO$59.70/MO$79.60/MO
Coverage $1,506 $3,012 $4,518 $6,024

Colonial Penn burial insurance rates are outrageous for a 76 year old. There is a reason why. They only represent one company’s policy… Colonial Penn.

You are 76. You realize that whether you have served the country or not, burial insurance is something you have to have in place for your family when you pass. It is so important to alleviate them from the financial stress of the cost of giving you a proper funeral or cremation.

A company like Colonial Penn is happy to take your money, put you on a 2 year waiting period and give your beneficiary a very small (or no) compensation when you pass.

Do your research. Just because Colonial Penn is always advertising on television, doesn’t mean they have your best interest at heart. In fact, it’s just the opposite.

You have much better options with an independent agency, like Insurance for Final Expense, we give you access to multiple carriers and we represent you. That means we can get you the lowest rates with the best coverage amount in the industry.

To put it simply, Insurance for Final Expense shops all burial insurance carriers and therefore are able to offer you the best competitive advantage.

Sample Rates on Burial Insurance Plans For 76 with Insurance for Final Expense

We, at Insurance for Final Expense, are offering you quotes from some of carriers, such as Mutual of Omaha, Foresters Financial, and Transamerica.

76 Year Old Female Burial Insurance Quotes

Mutual of Omaha Insurance
AGE $5,000 $10,000$15,000 $20,000
76 $40.73 $78.25$115.77 $153.29
Foresters Financial Insurance
AGE $5,000 $10,000$15,000 $20,000
76 $42.71$82.28 $121.84 $161.40
Transamerica Insurance
AGE $5,000 $10,000$15,000 $20,000
76 $41.85 $80.20$118.55 $156.90

76 Year Old Male Burial Insurance Quotes

Mutual of Omaha Insurance
AGE $5,000 $10,000$15,000 $20,000
76 $55.04 $106.87 $158.70 $210.54
Foresters Financial Insurance
AGE $5,000 $10,000$15,000 $20,000
76 $57.33 $111.50$165.68 $219.85
Transamerica Insurance
AGE $5,000 $10,000$15,000 $20,000
76 $56.55 $109.60 $162.65 $215.70

(Note: these quotes were assessed on 1/26/2020. Rates may change) Please take a moment and check it out yourself with our online quote. All rates are for non tobacco users. If you have smoked cigarettes within the last year, you will pay more. We work with a variety of other companies that offer competitive rates for tobacco users.

How To Get the Best Rates For Burial Insurance

The most important thing to think about when purchasing burial insurance coverage is to go with an independent agency that specializes in final expense insurance. When buying Burial Insurance from a company like Colonial Penn, realize that they are only selling their product. We have amazing relationships with multiple carriers, which means that we are able to offer you the most competitive rates and policies available.

As an independent final expense agency, we are able to represent any insurance company we want. This allows us to source the absolute best of the best. You end up the same coverage with much better rates

At Insurance for Final Expense, we Only Work with the Best and Most Trustworthy Carriers in the Industry

However, we look to those whose mission it is to pass the savings onto our customers. Some of our favorite carriers are companies like AIG, Mutual of Omaha, Sentinel Security Life, Prosperity Life Group, Great Western, Liberty Bankers and more…

We deliver the best in comparison shopping for Final Expense Insurance. When you work with an independent final expense agency, we compare all of the prices from all of the different companies. Then we simply guide you towards which one offers you the best value.

But, when you work with a non-independent agency, like Globe Life, John Hancock or Colonial Penn, they have no options. They have just one insurance company to choose from. That means that you are getting into a situation where competition. Keep in mind, when multiple companies compete for YOUR business, you always win.

If you need help with final expense insurance, it would be our honor to assist you. Please call us at 1-800-400-8319. If you would rather that we call you, just fill out the quote form on this page and a licensed agent will be in touch with you promptly.

Gary P. Cubeta
(Serving Americans In All 50 States)