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Looking for Low-Cost Burial Insurance in Minnesota?

burial insurance Minnesota

Since you are reading this article, you are most likely looking to get burial coverage for yourself or a spouse or other family member. Maybe you have seen for yourself how difficult it can be for a family when a loved one passes who doesn’t have burial insurance in place.

It can be devastating. It can tear families apart. And in many cases, it can put your survivors in deep credit card debt that could plague their personal finances for years.

Cremation and Burial costs are out of control in our country! It’s simply too expensive, and it’s not something to leave on your family’s shoulders to figure out. Will your children or spouse have thousands of dollars lying around to lay you to rest in a dignified way? In most cases, the answer is no. Sadly, that’s exactly what happens when folks pass without a burial insurance policy in place.

Life Expectancy in Minnesota

Minnesota Flag

Folks in Minnesota live long lives! The average life expectancy in Minnesota was 81.0 years (in 2018). In all, Minnesota ranked #4 in average life expectancy among all U.S. states. That was a decrease of 0.1 from 2010 when the average life expectancy was 81.1 years old.

Minnesota is in the top 5 states in terms of life expectancy. Great job! But does this mean that you, in Minnesota, will get lower burial insurance rates than say, someone in Kentucky (who ranks 48 in the U.S.)?

While you may seem logical that you would be viewed differently than a low-ranking state, that’s not the case. At Insurance for Final Expense, we see you as an individual who deserves the same dedicated service as everyone else.

Why Should You Plan for Your Funeral Expenses?

Final expense Minnesota

Stereotypical Minnesotan traits include manners known as “Minnesota nice” with very strong family ties and a sense of community with those who have shared beliefs. Potlucks, usually with various tater tots, are popular at community functions, especially church activities.

This doesn’t seem to me like a state full of people that would ever consider leaving behind a huge financial burden on their loved ones. You know that your loved ones should be grieving your loss, not struggling to come up with the funds to give a proper ceremony, or even worse arguing over the finances.

You can save it all by planning. Make a list of things you need for your funeral, buy a policy for final expense in Minnesota that will cover all these expenses, and let your loved ones know where to find the relevant documents. Most importantly, keep everything updated and make sure your family knows where to find the file after your passing. 

Why Invest in Burial Insurance?

Burial Insurance Minnesota

A typical, traditional funeral costs between $7,000 and $12,000 in the U.S. This includes viewing and burial, basic service fees, a casket, transporting remains to a funeral home (hearse), embalming, and other preparations. The average funeral cost with cremation is anywhere between $6,000 and $7,000. Neither of these costs includes a cemetery, monument, marker, a reception following the memorial service, or other items like flowers, etc.

Whether you plan to be buried or cremated, this is a lot to ask of your family as they grieve your loss, especially when you can get covered now for as low as $19.95/mo.

That is why buying final expense insurance in Minnesota makes sense. It will help your loved ones and survivors meet your burial or cremation costs along with pending hospital bills, credit card debts, or mortgages.

How Does a Final Expense Policy Work?

Final Expense Policy Minnesota

A policy for final expense in Minnesota offers a permanent, whole life coverage with level premiums. It means the premiums remain unchanged throughout the policy term and accumulate cash value. Other features of burial insurance are:

  • People aged 50-85 can buy this insurance
  • It offers coverage worth $2500 to $50,000
  • You don’t need to pass the medical exam for the policy

What Are Your Options for Minnesota Burial Insurance?

Once you decide on buying burial or funeral insurance plans in Minnesota, you have to find the right policy that meets your requirements and works with your current health conditions. Your options are:

  • Immediate Benefit or Level Death Benefit– You can buy this policy if you are healthy with no serious medical conditions. The coverage starts immediately in this plan.
  • Guaranteed Issue– These policies work best for those having major health issues that may cause higher risks for the insurer down the road. Hence the premium rates are also high for these policies, and they have a waiting period of 12-24 months. 
  • Graded Benefits– Some guaranteed issue policies have a clause for graded benefits to cover minor health issues like high cholesterol. The waiting period remains the same, but premiums may be adjusted for each year. 

What to Do If You Have Health-Related Issues?

Funeral insurance plans in Minnesota

When buying funeral insurance plans in Minnesota, you don’t need to worry about your health issues. The policies are available for every possible health condition, albeit with some precursors. You may apply for standard plans with immediate coverage for minor issues like high blood pressure if you answer the health questions with a no. 

However, major health problems like heart diseases, kidney failure, cancer, or HIV qualifies you for a guaranteed issue policy. Though the prices are high, you have coverage for meeting your final expenses.

How to Buy the Best Burial Insurance in Minnesota?

Best Burial Insurance in Minnesota

First off, when choosing Burial Insurance in Minnesota, you must work with a licensed, independent agency that specializes in burial and final expense insurance.

To find the best choice in burial insurance in Minnesota, it is so very important that you work with an independent agency that represents multiple burial insurance companies. We can’t emphasize this enough! We hope you don’t… but if you go with one of the big-name advertisers like Gerber Life, Colonial Penn John Hancock, or State Farm, you are stuck with one burial insurance product. In contrast, we are able to give you multiple affordable, excellent burial insurance options. This is a serious decision.

Working with an independent agency like Insurance for Final Expense is completely free to you. Unlike working with a captive agent, we, as independent agents, are paid by the insurance companies. It has zero effect on your rates. 

If you need help with a guaranteed issue or 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.