Did you just turn 51 years old & need Life Insurance? Congratulations, you are now solidly in your 50’s. And that’s not a bad place to be! You most likely feel relatively young still, are enjoying your life to the fullest, and aren’t thinking about the possibility of death. Contact Us today to put your mind at ease!
Sorry, we hate to bring up the “D” word, but it is, unfortunately, a fact of life that we will all eventually face. Even now, with your current life of hustle and bustle, when it’s hard to think about anything other than juggling work, family, your personal life, and your hobbies, to ever consider being close to the end.
D word = Die … Death … We are not into beating around the bush. It’s going to happen. And probably at the worst time.
Why You Need Life Insurance Protection
We will all eventually die. It seems impossible for our brain to permanently be turned off (after living with it for the past 51 years), but that is what happens, at least here on earth. It did for George Washington, it did for Abe Lincoln and it did for Ronald Reagan (I use Presidents as examples because I have this sneaky suspicion that they not only get the best medical care, but also new fangled drugs that the rest of us might never see).
We think it won’t ever come, but it will. We will all die.
Maybe you have kids at home still, or perhaps you’re preparing to send your babies off to college – even at eighteen years old, they still feel like your baby – or maybe you’re enjoying an empty nest. No matter what your situation is, you do not want to be a burden on your children or other loved ones if you should pass away. They’ll be dealing with their grief, not to mention having to make all the plans for your end of life celebrations, so the last thing that you want to burden them with is having to cover all of your end of life financial costs.
Get Yourself covered with Burial Insurance Now
So, what can you do to ensure that the ones you love can pay your medical expenses, your funeral expenses, and any other outstanding debts? Getting covered with burial insurance now allows you to have a worry-free, peace of mind future ahead of you.
Here’s the inside scoop. A cremation runs right around $5 thousand and a burial can be $10,000 or more. My beloved 87 year old Dad passed away in Maine 3 years ago and even though all of his friends were dead, the funeral still ran us $23,000. It’s crazy ….
Do your loved ones really have that type of money laying around?
At the Same Time, Final Expense Burial Coverage isn’t for Everyone.
For example the CEO of Amazon, Jeff Bezos, the richest man in the world claims he would laugh at the idea of doing one of these policies. He would say no thank you with a scowl while his bodyguards picked you up, one by each arm and ushered you away from him in short order.
Don’t disturb the King … we get the picture.
Does that make Final Expense Burial coverage NOT for you? Well, if you have Jeff Bezos money, you won’t need us, but for the rest of us, yes, we need coverage or our families will be in hot water when we pass.
What is End of Life Insurance?
It’s known by multiple names, but burial insurance, or funeral insurance, is a type of whole term life insurance plan that is designed to cover all of the costs associated with the end of your life so that the ones you hold nearest and dearest aren’t financially burdened. They’ll be able to spend their time preparing for any services or memorials that will be held in your honor, and less time worrying about how to pay for everything.
Even if you want something simple (as yours truly does), by the time the nickle and dime costs of the funeral director are piled on top of you loved ones, the minimum they can escape with is in the $4,000 range.
Don’t believe us …
Just ask someone who has had a loved one die recently. They will give you a look like, forget medicare for all … we need burial coverage for all.
The costs of a burial are an outrage. But just being outraged won’t get it done. And folks get very nervous when someone passes and the clock is ticking and something needs to be done FAST.
But, then again, you’re only 51-years-old… do you need burial insurance?
It seems like something only older people would need. Maybe you could wait another 20 years right before you pass.
Sorry, the insurance companies aren’t interested in picking up your policy in your final days unless you pay ridiculous rates and wait two years for coverage.
That’s why you need end of life insurance as soon as possible. While you are healthy and strong with no cancer. You get the picture.
It’s so cheap to be proactive and get it done early … And we understand “cheap” is not a word anyone likes to use in sales, but cheap is what it is.
When you sign up as a 51-year-old, you’ll find that your rates and potential policy options are much more plentiful. At this point in your life, you most likely are still healthy and are less likely to be facing the diseases or ailments that someone much older than you may be facing. Burial insurance rates for 51-year-olds are typically more affordable than they are for those who are decades older. Simply put, now is the time to buy.
How much does funeral insurance cost for 51-year-olds?
The amount that you’ll pay for your monthly premiums of burial insurance as a 51-year-old will vary considerably. If you are a smoker, for example, you’ll have to pay more than someone who has never had a cigarette. Perhaps you want a policy with no waiting period, you’ll need to be in great health. If you have a terminal illness, you may still be accepted, just for a policy that has much higher premiums because it is guaranteed. Whatever your situation is, you can find a great type of burial insurance to meet your needs.
How much will burial insurance policies costs for 51-year-olds?
When shopping for funeral insurance for 51-year-olds, it’s important to note that not all policies are created equal. Here are some example policies, but please keep in mind that these are just an estimation and can vary quite a bit based on many factors, including the insurance company, your health, and the amount of coverage you need, among other factors.
Here are some example premium costs to give you a ballpark idea when shopping:
|Gender & Type||$5,000||$10,000||$15,000||$20,000|
|Female w/o a Waiting Period||$14.00||$24.70||$35.45||$46.15|
|Female Uses Tobacco & w/ Waiting Period||$17.00||$31.30||$45.30||$58.75|
|Female w/ Guaranteed Acceptance||$14.50||$28.00||$41.80||$55.40|
|Male w/o a Waiting Period||$16.00||$29.15||$42.10||$55.10|
|Male Uses Tobacco & w/ a Waiting Period||$20.00||$36.90||$53.75||$70.60|
|Male w/ Guaranteed Acceptance||$20.00||$38.40||$57.20||$76.00|
How to Get the Best Prices on Final Expenses
To get the absolute best price that you can on burial insurance for 51-year-olds, you’ll need fill out the quote chart on the right hand side of this screen or view our Instant Approval Carriers. It’s not some trick to get your personal information. It is directly tied into the insurance carriers rates as of today.
Realize … every year that goes by, the rates go up. Not only because of inflation, but also because YOU are getting older.
So where do you start?
The first thing to think about is whether or not you’ll want a large funeral, or if you would prefer a small memorial service. Do you want to be buried, or do you want to be cremated? These things matter greatly as far as the amount of insurance needed goes.
Another thing to consider is if you can qualify for no waiting period burial insurance. Typically, if you are in good health with no chronic conditions or illnesses, you will be able to get no waiting period policies. These policies are generally reserved for those who are in excellent health, as they are less of a risk to the insurance company.
Note: 51 year olds RARELY have to do the 2 year waiting period. Now you might say, I probably won’t die within the next two years and we agree. But here’s the scoop … if you wait … and come down with a serious condition which is possible over the age of 50, then you can only get coverage with a 2 year waiting period.
This is where you do not want to be. Higher rates, two year wait and who knows … folks do pass in their mid to late 50’s.
You could go from totally healthy to passing away with NO coverage in place and not even know what happened.
Another factor that can significantly affect whether or not your policy is affordable enough is if you smoke cigarettes or use other tobacco products. Typically, if you are a smoker, you will pay much higher premiums than someone who shuns cigarettes. So, if you are worried about the costs of your insurance because of this, consider quitting your use of tobacco.
Late Update: Americo, which was founded in 1906 with almost 14,000 employees nationwide, has a special plan for smokers, where you get non-smoker rates as long as you promise to quit within the next few years. It’s a superb policy and a big kick of motivation to quit the habit. (On this one you have to call for details, but it’s a very user friendly policy that we HIGHLY recommend.)
While it can be difficult for some people even to consider getting end of life insurance, it is an absolute must if you want to protect the financial futures of the ones that you care about the most. Do your research, and find a policy that can cover the requests that you have, as well as give your loved ones peace of mind.
Gary P. Cubeta
(Serving Americans In All 50 States)