10 Best Burial Insurance With No Waiting Period

Burial Insurance With No Waiting Period
Burial Insurance With No Waiting Period

Are you looking for the best burial insurance with no waiting period? If yes, you have stumbled upon the right webpage.

Often called final expense coverage, burial insurance helps cover the cost of a person’s funeral and burial.

It is created to ensure that a loved one’s end-of-life expenses are covered without burdening their family with financial obligations.

In contrast to traditional life coverage options, burial insurance with no waiting period policies usually offers less stringent application requirements and more affordable premiums.

Choosing an insurance provider that offers this coverage is essential if you’ve decided to make use of this financial resource. It is essential to avoid a waiting period.

Table of Contents

What is Burial Insurance with No Waiting Period

What is Burial Insurance with No Waiting Period

Discovering burial insurance with no waiting period unveils a unique facet of whole life insurance. This specialized policy guarantees the payout of the full death benefit from the moment the policy is issued, regardless of whether the insured passes away due to natural causes or an accident. In the insurance realm, this type of coverage is often termed Level Benefit insurance.

Regrettably, not all seniors meet the criteria for level benefit insurance coverage, primarily due to medical reasons. Although medical exams are usually not mandatory for burial insurance with no waiting period, the application process involves health-related inquiries. A positive response to certain health questions may lead to disqualification from obtaining coverage.

Fortunately, there are life insurance companies dedicated to catering to seniors with more lenient underwriting guidelines. These companies understand the prevalence of health conditions among seniors, such as diabetes, COPD, and Hepatitis C. Having one of these conditions may not be a barrier to coverage, but multiple health issues might affect eligibility. In cases where applicants have several health concerns, they may be offered burial insurance with a waiting period of two or three years before the full death benefit is payable to the beneficiary.

What Does Burial Insurance With No Waiting Period Mean?

Securing Burial Insurance with no waiting period ensures that, in the unfortunate event of premature death within the initial two-year period, the designated beneficiary will receive the full policy payout without any delay. The absence of a waiting period means that regardless of when the tragic circumstances occur, even if it’s the day after the policy initiation, the complete payout will be promptly delivered.

Qualifying for a no-waiting period typically necessitates above-average health, indicating little to no underlying health conditions. While this might seem challenging, a majority of individuals can qualify for “first-day-coverage” plans, provided they are in good health. It’s crucial to explore your options and collaborate with a trustworthy agent.

If you find yourself in search of a reliable agent, we encourage you to use the quote tool on the right-hand side of this page. At Final Expense Benefits, we specialize in offering our clients insightful information that empowers them to make informed decisions. Our goal is to provide you with the knowledge you need to make choices for yourself, ensuring that your decisions are well-informed and align with your preferences.

Life insurance with no waiting period and no medical exam

Opting for burial insurance with no waiting period is an excellent choice for individuals seeking immediate coverage for end-of-life expenses. It’s crucial to recognize that this type of insurance differs from traditional life insurance, which typically involves a medical examination and may include a waiting period before benefits are disbursed. While some life insurance policies waive the waiting period and medical exam requirements, they might come with higher premiums or lower coverage amounts. Thorough research and comparison of options are key to identifying the most suitable solution for your requirements.

For those in search of life insurance without a waiting period, there are important considerations. Firstly, be aware that these policies may entail higher premiums compared to traditional life insurance. However, they offer a viable alternative for individuals who may face challenges qualifying for conventional life insurance due to health issues or other factors. It’s essential to meticulously compare various policies and providers to align with your needs and budget. Additionally, understanding the coverage amounts, as well as any exclusions or limitations, is crucial before making a decision. With diligent research and preparation, you can secure a life insurance policy that meets your coverage needs without the constraints of a waiting period or a medical exam.

The main difference between burial insurance and life insurance policy

Distinguishing between Burial Insurance and a conventional Whole Life Insurance policy reveals three key disparities:

Coverage Limits and Premiums

Burial Insurance with No Waiting Period typically offers a lower maximum coverage compared to the average whole-life insurance policy. This trade-off results in a more budget-friendly monthly premium, making it an appealing option for those seeking immediate coverage without a waiting period.

Cash Value and Asset Considerations

Unlike a generic Whole Life Insurance policy, Burial Insurance with No Waiting Period doesn’t accrue a cash value until the policy is paid. Additionally, it doesn’t count as an asset when applying for other financial considerations. This distinction is important to note as it affects the financial dynamics of the policy.

Early Payout Withdrawal Restrictions

Burial Insurance with No Waiting Period doesn’t permit the early withdrawal of the payout without canceling the policy in the process. This characteristic ensures that the policy remains intact until the designated time, contributing to its unique structure and purpose.

Can I get a burial insurance policy with no waiting period?

Can I get a burial insurance policy with no waiting period?

Acquiring burial insurance with no waiting period is indeed possible, though it may involve undergoing a medical exam or completing a health questionnaire as part of the application process. It’s important to note that all guaranteed issue whole-life policies strictly enforce a waiting period, typically ranging from 24 to 36 months.

During this waiting period, if the unfortunate event of passing away occurs, the death benefit would not be immediately paid out. Life insurance companies have this rule to prevent sick people from getting a life insurance plan just before their death, thus reducing their risk exposure.

What does a burial insurance policy cover?

Final expense insurance serves the purpose of covering the various costs that your loved ones might encounter following your passing. Importantly, there are no restrictions on how the payout from final expense insurance can be utilized. Your beneficiaries have the flexibility to allocate the funds for:

  • Funeral Arrangements: Viewing and service expenses.
  • Burial Costs: Including interment charges.
  • Cremation Costs: If cremation is chosen.
  • Medical Bills: Unforeseen medical expenses.
  • Outstanding Debt: Settling any debts you may leave behind.
  • Legal Costs: Addressing legal and administrative expenses.

Due to the relatively lower coverage amount of final expense insurance, it’s important to note that there may not be a substantial portion, if any, of the death benefit remaining after covering these end-of-life expenses. For those desiring to leave a more substantial sum, exploring alternatives like a traditional whole-life policy with higher coverage may be worth considering.

Strategic planning ahead of time can alleviate stress for both you and your loved ones when it comes to end-of-life arrangements. Utilize our burial and final expense calculator to estimate the potential costs associated with your funeral and burial services, aiding you in making informed decisions tailored to your preferences and financial considerations.

Burial Insurance With No Waiting Period Policies

Many insurance companies providing burial insurance with no waiting period for seniors typically offer two or three distinct types of policies to cater to a wide range of applicants seeking coverage:

Level Benefit Burial Insurance

The level benefit burial insurance with no waiting period policy mirrors a traditional whole life insurance policy. Upon qualification, coverage is effective from the very first day the policy is issued, eliminating any waiting period. Whether the cause of death is natural or accidental, the company pays the full benefit promptly.

Graded Benefit Burial Insurance

Tailored for applicants who don’t qualify for level benefit burial insurance with no waiting period, the graded benefit policy ensures coverage from the first day. However, a portion of the death benefit is disbursed over two or three years, constituting a waiting period designed to accommodate specific circumstances.

Guaranteed Issue (Guaranteed Acceptance) Burial Insurance

Regarded as a last resort for seniors seeking burial insurance with no waiting period, the guaranteed issue policy is available to virtually any living person without considering the applicant’s health status. With typically no health questions on the application, this policy features a two or three-year waiting period. In the event of death from natural causes during this period, the death benefit equals the sum of premiums paid plus an additional percentage, usually ranging from 5 to 10%.

What to Look for in a Final Expense Policy

When in search of a final expense policy, it’s crucial to focus on both the fine print and the pricing details. The price is of paramount importance as a final expense policy ideally should be the last one you ever need to purchase. Ensuring that the cost aligns with your budget is essential to provide peace of mind, eliminating concerns about missed payments and potential policy lapses.

Recognize that final expense policies are not a one-size-fits-all solution. To find the most suitable option for your needs, collaborate with an agent capable of providing quotes from multiple companies, offering a comprehensive view of available choices. This approach ensures that you have a diverse range of options to choose from, allowing you to select the final expense policy that best aligns with your preferences and financial considerations.

Making an informed decision by paying attention to the details and working with a knowledgeable agent will contribute to securing a final expense policy that provides the coverage you need without unnecessary complications.

How to select the right Burial Insurance With No Waiting Period Company

When considering final expense insurance, several key factors demand attention to make an informed decision:

Coverage Amounts

While burial insurance with no waiting period typically offers lower coverage amounts than standard life insurance policies, it’s crucial to assess your potential funeral and burial costs, credit card debt, and related expenses. Calculating these aspects will help determine the adequate coverage amount that suits your needs.

Age Requirements

Burial insurance with no waiting period is not exclusive to seniors, but it holds particular benefits for this demographic. Most insurers extend policies to individuals in their 50s, 60s, 70s, and even 80s. Assessing your age and understanding the available options can guide you towards the most appropriate coverage.

Company Reputation

Researching the reputation of the insurance company is paramount before obtaining a final expense insurance quote. Esteemed companies like State Farm and other well-known life insurance providers often boast a track record of financial strength and exemplary customer service. This assurance is crucial in securing reliable and trustworthy coverage.

Waiting Periods

It’s essential to be aware of any waiting periods associated with the policy. Some plans come with waiting periods during which the full death benefit isn’t immediately paid out. Understanding these waiting period clauses is vital in making an informed decision when finalizing your insurance policy.

How much does a final expense policy cost?

The determination of your final expense insurance premium is contingent on several factors, mirroring the intricacies of all life insurance policies.

The key influencers include:

  • Amount of the Benefit – Final expense policies typically offer coverage ranging from $2,000 to $50,000. Your chosen benefit amount significantly impacts your premiums. Understanding how much you wish to provide for your family allows you to tailor your coverage to meet your specific needs, influencing the corresponding premium.
  • Your Age and Health – Your age and health play pivotal roles in shaping your final expense insurance premiums. Generally, the younger and healthier you are, the lower your premiums will be. However, even for individuals in their later years or with health concerns, final expense insurance remains a viable and potentially affordable option. It can serve as a valuable addition to your financial safety net as you navigate the nuances of later life.

What health issues cause waiting periods from funeral insurance companies?

Eligibility for burial insurance with no waiting period hinges primarily on your health status.

However, if you have any of the following health issues (but not limited to), you may not be able to bypass a waiting period:

  • AIDS or HIV
  • Terminal illness (life expectancy of 24 months or less)
  • Hospice care
  • Recent history of cancer
  • Currently undergoing Dialysis
  • Currently hospitalized, in a nursing home, skilled nursing facility, or hospice care
  • Waiting for or have had an organ transplant
  • Alzheimer’s or dementia
  • Recent heart attack (within the last 12 months)
  • Stroke within the last 12 months (TIA mini-strokes do not count)
  • Heart surgery within the last 12 months
  • Circulatory surgery within the last 12 months
  • Chest pains (angina) within the last 12 months
  • Insulin shock or diabetic coma within the last 24 months
  • Any combination of the above

Why Is Burial Insurance With No Waiting Period Worth It?

Securing burial insurance with no waiting period policy is generally a straightforward process, distinguishing it from universal or whole life insurance policies. Most burial insurance policies don’t necessitate a medical exam, and the health questions asked are minimal. This streamlined approach ensures simplicity in the application process.

These policies provide a guarantee of coverage, offering a stable assurance. Once you acquire burial insurance with no waiting period policy, it remains in effect as long as you continue to pay the premiums. This reliability is a notable advantage, providing peace of mind for individuals seeking a straightforward and enduring solution for their end-of-life expenses.

Burial Insurance Cost for Different Age Groups

$25,000 Burial Insurance Rates for ages 50-59

Burial insurance with no waiting period rates shown below are fixed and will stay the same for your lifetime.

Policy TypeLevel BenefitGraded BenefitGuaranteed Issue

$25,000 Burial Insurance Rates for ages 60-69

All whole-life quotes shown below are guaranteed to stay the same for your lifetime.

Policy TypeLevel BenefitGraded BenefitGuaranteed Issue

$25,000 Burial Insurance Rates for ages 70-79

All burial insurance with no waiting period quotes shown below are guaranteed to stay the same for your lifetime.

Policy TypeLevel BenefitGraded BenefitGuaranteed Issue

$25,000 Burial Insurance Quotes for ages 80-85

All whole life insurance rates shown below are fixed for life and will not increase.

AgeLevel BenefitGraded BenefitGuaranteed Issue

Pros & Cons of Burial Insurance Policies

As with anything you buy, there are pros and cons to burial insurance with no waiting period –

Easier to qualify for than many traditional life insurance plansUsually, the death benefits offered by burial insurance with no waiting period are lower compared to traditional life insurance policies.
Minimal health questions to answer, even for burial insurance with no waiting periodIf your burial insurance policy does not include health-related questions, you may not receive a discount for maintaining good health.
No medical examination requiredPremium rates for burial insurance policies may be slightly higher compared to other types of life insurance.
Pre-arrangement services with prepayment options availableThe total amount paid in premiums over time might exceed the actual cost of the funeral.
Pre-arrangement services with prepayment options are availableUsually, there are minimal to no additional funds remaining after covering funeral expenses.

Alternatives to Traditional Burial Insurance

Life insurance serves as a common resource for individuals looking to secure financial coverage for their final expenses. This option becomes particularly beneficial when holding a substantial policy that not only addresses final arrangements but also encompasses various debts and responsibilities your family may face upon your passing.

However, it’s essential to recognize that life insurance differs significantly from burial or funeral insurance. Each type of policy comes with distinct requirements, rules, and focuses. Life insurance policies, with their broader scope, cater to a range of financial needs beyond immediate end-of-life expenses.

Understanding the nuances between these policies allows individuals to make informed decisions based on their specific financial goals and the coverage they seek for their loved ones.

Term Life Insurance

Term life insurance provides coverage for a specified period, and once that timeframe concludes, you’ll need to acquire another policy, often at a significantly higher rate, to maintain coverage. If the policy isn’t renewed and you pass away, there is no protection in place. Due to the uncertainty of when one might pass away, this option may not be the most suitable for covering final expenses.

While renewal is an option, the costs increase as you age, potentially resulting in higher expenses than opting for burial insurance with no waiting period. Relying solely on term life insurance for final arrangements may not be the most cost-effective approach. It’s advisable to review your policy and explore the possibility of converting it to a whole life or other permanent plan.

Converting to a permanent plan becomes more expensive with age, so considering this option sooner rather than later is prudent for better financial planning.

Universal Life Insurance

In many instances, universal life insurance may not be the most favorable option as its performance hinges on interest rates. When interest rates rise, the value of these policies increases. Conversely, when interest rates decline, maintaining their benefit to consumers becomes costlier, manifesting in higher premiums.

If you currently hold a universal life insurance policy and find it less advantageous due to fluctuating interest rates, there’s an alternative worth exploring. You may have the option to transfer the policy’s value to a whole-life policy, offering more stability and predictability in the face of changing market conditions.

Consider reviewing your universal life insurance policy and assessing whether a transfer to a whole life policy aligns better with your financial goals and preferences.

Guaranteed Issue Whole Life Insurance

Opting for guaranteed life insurance is typically not an ideal choice due to its higher cost. The absence of underwriting in this type of insurance means that the provider doesn’t evaluate the risk when offering coverage to applicants. Consequently, everyone is charged a significantly higher premium compared to traditional whole life insurance, compensating for the inherent risk the insurer is undertaking.

While guaranteed life insurance may seem attractive, especially for individuals facing challenges in securing life insurance coverage, such as an 80-year-old man with a history of three heart attacks, the premiums associated with these policies can be substantially higher than other available options.

It’s essential to carefully assess the cost implications and explore alternative choices that may offer more competitive rates while still meeting your coverage needs.

What Are The Different Types of Waiting Periods In Burial Insurance for Seniors?

No Waiting Period

The optimal choice for funeral funding and burial insurance with no waiting period, offering immediate benefits with a 100% payout from the very first premium payment. This ensures that the funds are accessible and payable from day one, providing timely financial support.

Burial insurance with no waiting period coverage eliminates the delay, offering instant peace of mind with the assurance of a full payout right from the commencement of the policy.

Collaborating with an independent life insurance agent at Funeral Funds significantly enhances the likelihood of securing a burial insurance or simplified whole life insurance policy without a waiting period. Their expertise allows for a tailored approach, increasing your chances of finding the most suitable coverage that meets your needs without unnecessary delays.

Graded Period

A graded period, also known as a partial waiting period, provides a unique structure offering immediate partial coverage that gradually increases over time.

During the initial 12 months of a graded period plan, the payout percentages typically range from 30% to 40% of the face amount. From months 13 to 24, these percentages usually increase, reaching a range of 50% to 70% of the face amount. After completing the 24-month period, full coverage at 100% is typically in effect.

It’s important to note that specific payout amounts and percentages can vary among insurance companies. However, it’s a crucial consideration that partial waiting period plans often involve higher premium payments due to the increased risk category they fall into.

2-Year Waiting Period (Guaranteed Acceptance Policy)

The inclusion of a 2-year waiting period in a burial insurance policy signifies that the full death benefit won’t be paid out if the policyholder passes away within the initial two years.

During this waiting period, the insurance company may only pay out all the premiums plus 7-10% interest, though specific payout amounts and percentages can vary between insurance companies.

It’s crucial to acknowledge that two-year waiting period plans typically involve higher premium payments due to the elevated risk associated with the extended waiting period.

Why Do Some Insurance Companies Require Waiting Periods?

Some insurance companies institute a waiting period as a crucial step to verify insurability and mitigate the risk associated with covering individuals with pre-existing terminal health conditions. This waiting period functions as a safeguard, enabling the insurance company to assess the applicant’s health and evaluate the potential risk they present.

The waiting period serves as a preventive measure, allowing insurance companies to extend coverage to individuals in good health, reducing the likelihood of immediate insurance claims.

Throughout the waiting period, the insurance company may necessitate medical exams or review the applicant’s health records to gather comprehensive information about their health history. This data aids the insurance carrier in making informed decisions regarding life insurance coverage and determining the appropriate premium rate.

It’s important to note that this waiting period serves to prevent individuals with terminal health conditions from securing coverage solely for funeral or final expense needs after receiving a terminal diagnosis.

For insurance companies offering burial insurance with no waiting period, the immediate coverage poses a higher risk, reflected in higher premiums. Comparing various insurance quotes and scrutinizing the terms and conditions of each policy is crucial in identifying the most suitable burial insurance that aligns with your needs and budget.

What does Burial Insurance cover?

The concept of final expense encompasses policies designed to alleviate the financial burdens associated with your end-of-life arrangements.

As an older adult, major life expenses like paying off a mortgage or funding a child’s education are likely behind you. However, there’s still a significant financial consideration to plan for: your funeral. Today, the average funeral costs surpass $9,000, creating a financial strain on loved ones during an already challenging time of grieving.

Enter final expense insurance. The payout is versatile and comes with no restrictions, allowing your family to utilize it for various purposes, including:

  • Funeral service costs
  • Burial or cremation expenses
  • Post-funeral gatherings
  • Floral arrangements, music, obituaries, or other funeral arrangements
  • Outstanding medical bills
  • Nursing home or residential care costs
  • Creating a nest egg for a child or grandchild’s future
  • Planning a special trip
  • Making a donation to a meaningful charity

This type of insurance is particularly beneficial for individuals whose age or health conditions pose challenges in qualifying for other plans. While it may have a higher dollar-for-dollar cost compared to term life insurance, the affordability of lower coverage amounts makes it an accessible option. Locking in a premium ensures a consistent rate throughout the policy, which is especially beneficial for those on fixed budgets. Approval guarantees that your coverage won’t be canceled due to health issues, offering both you and your family peace of mind.

Who Needs Burial Insurance And Who Is The Right Fit

For individuals who have faced denials or declines in life insurance or find themselves unable to afford it, calculating the anticipated cost of final expenses becomes crucial before making a purchase.

Consider the comprehensive expenses associated with your end-of-life arrangements, encompassing the cost of a burial plot, transportation, casket/cremation, and related factors. Remarkably, even if you have unmanaged blood pressure, high cholesterol, or are seeking life insurance with conditions such as multiple sclerosis, obtaining a burial policy is still within reach.

Moreover, life insurance for seniors over 75 remains accessible, providing the opportunity to secure a burial policy or a guaranteed issue policy. Notably, we’ve recently added AETNA’s final expense coverage, extending burial insurance options for individuals over 85.

Let’s address the elephant in the room – Mutual of Omaha (MOO). It stands out as the premier choice for burial insurance and final expense policies in the industry. MOO excels with fast underwriting and competitive pricing, placing it among the top rates in the industry. The policy also features valuable riders such as accelerated death benefit, terminal illness, and nursing home confinement rider.

What Is A Partial Waiting Period?

Often termed a “graded plan” in the industry, a partial waiting period, or graded waiting period, implies that only a portion of the death benefit will be paid out during the initial two years.

Typically, partial plans exhibit a payout structure of 30%-40% during the initial 12 months. Subsequently, from months 13 to 24, the payout percentages typically range from 50%-75%. The exact payout amounts can vary among companies, and the accompanying image provides an illustrative example of a partial coverage policy.

It’s essential to note that partial waiting period life insurance plans come with higher premium payments. Individuals under these plans fall into a higher-risk category, resulting in elevated premium costs alongside the partial waiting period.

While some individuals may not qualify for an immediate benefit life insurance plan, they may be eligible for a partial plan. Similar to a no waiting period burial insurance policy, partial coverage options necessitate the answering of health questions for qualification, eliminating the need for a medical exam.

Eligibility To Get burial insurance with no waiting period

The table provided below outlines various health issues and their eligibility for burial insurance with no waiting period. It’s important to keep in mind that individual outcomes may differ based on factors such as age and state. However, this list generally aligns with the experiences of most individuals seeking coverage in the USA.

It’s crucial to note that New York stands as an exception to this generalization. The state of New York presents a unique challenge due to a limited array of options. Very few companies offer coverage in New York, contributing to a distinct scenario that may differ from the information presented in the table.

Health ConditionEligibilityHealth ConditionEligibility
Alzheimer’s diseaseWaiting periodAmputation due to diseaseBlood thinners
Angina (chest pains)ImmediateAnxietyImmediate
ArthritisImmediateAssistance with activities of daily living (ADLs)Immediate
AsthmaImmediateAtrial fibrillation(Afib)Immediate
Bipolar disorderImmediateBlindnessImmediate
Blood clotsImmediateBone marrow transplantImmediate
Chronic disease (no dialysis)Waiting periodCancer(except basal or squamous)<2 Yrs: Waiting period>2 Yrs: Immediate
Circulatory/heart surgery<1 Yrs: Waiting period>1 Yrs: ImmediateHigh cholesterolImmediate
Chronic bronchitisImmediateCongestive heart failure (CHF)Immediate
CirrhosisImmediateHigh blood pressureFull waiting period
Crohn’s diseaseImmediateCystic fibrosisImmediate
DefibrillatorInstalled <1 Yr: Waiting periodInstalled >1 Yr: ImmediateDementiaWaiting period
DepressionImmediateDiabetes (Type 1)Immediate
Diabetes (Type 2)ImmediateDiabetic coma<2 Yrs: Waiting period>2 Yrs: Immediate
Diabetic nephropathyWaiting periodDialysisWaiting period
EmphysemaImmediateEnlarged prostateImmediate
Graves diseaseImmediateHeart attack<1 Yr: Waiting period>1 Yr: Immediate
Hepatitis AImmediateHepatitis BImmediate
Hepatitis CImmediateTransient ischemic attack (TIA)Immediate
Home healthcareImmediateInsulin shock<2 Yrs: Waiting period>2 Yrs: Immediate
Insulin usageImmediateLupusImmediate
Mini stroke(TIA)ImmediateMultiple sclerosisImmediate
NephropathyWaiting periodNeuropathyImmediate
ObesityImmediateOrgan transplantWaiting period
Oxygen equipment(except for sleep apnea)Waiting periodPacemakerInstalled <1 Yr: Waiting periodInstalled >1 Yr: Immediate
PancreatitisImmediateParkinson’s diseaseImmediate
RetinopathyImmediateRheumatoid arthritisImmediate
SchizophreniaImmediateSeizure issuesImmediate
Sickle cell anemiaAge 0-49: Waiting PeriodAge 50+: ImmediateSickle traitImmediate
Sleep apneaImmediateStroke (Non TIA)<1 Yr: Waiting period>1 Yr: Immediate
Systemic lupusImmediateTransient ischemicattack (TIA)Immediate
Tumors (cancerous)<2 Yrs: Waiting period>2 Yrs: ImmediateTumors (noncancerous)Immediate
Ulcerative colitisImmediate

The Best Burial Insurance Companies with No Waiting Period

The companies listed below boast exceptionally lenient underwriting practices. By leveraging the offerings of these companies, we can confidently assure our clients a 90% approval rating for final expense insurance without a waiting period.

Some of our top picks for the best burial insurance with no waiting period include:

Mutual of Omaha

Widely regarded as one of the best burial insurance with no waiting period companies in 2019, Mutual of Omaha has been providing burial insurance policies since 1909, catering to individuals in every state except New York.

Individuals aged 45-85 have the opportunity to obtain policies with face values ranging from $2,000 to $40,000. Mutual of Omaha offers not only standard policies but also provides the option to include an accidental death rider for added coverage.

This company stands out for several reasons. Firstly, its premiums are notably lower compared to other providers. Secondly, Mutual of Omaha boasts some of the industry’s best underwriting guidelines, particularly for individuals dealing with conditions such as diabetes, seizure disorders, sleep apnea, squamous cell skin cancer, epilepsy, and those on blood thinners.

What sets Mutual of Omaha apart is that many individuals with health conditions can still qualify for immediate benefit plans, eliminating concerns about waiting periods. This ensures that beneficiaries receive the death benefit promptly, even if the policyholder passes away immediately after securing coverage.


With a rich history dating back to 1874, Foresters Financial is a trusted provider offering burial insurance with no waiting period to individuals aged 50 to 85. Their policies, available in all 50 states, range from $2,000 to $35,000 in face amounts, making it an appealing option, especially for residents of New York, where finding burial policies can be challenging.

Foresters Financial distinguishes itself by typically not imposing a two-year waiting period on their policies, unless an individual qualifies solely for the graded policy. Notably, it stands out among insurance companies by offering free member benefits along with their policies.

One of the standout features of Foresters Financial is its lenient underwriting process, providing a viable option for individuals with serious medical conditions. This includes those with seizure issues, diabetes (both Type 1 and Type 2), atrial fibrillation, bipolar disorder, schizophrenia, depression, multiple sclerosis, sleep apnea, individuals on blood thinners, and those using wheelchairs.

Competitive premiums and a swift approval process make Foresters Financial an attractive choice for those seeking burial insurance with no waiting period.

Royal Neighbors of America

For those seeking the best final life insurance policy, Royal Neighbors of America is an excellent choice. Established in 1895, this company provides insurance for individuals aged 50 to 85, offering face amounts ranging from $5,000 to $25,000, allowing individuals to select the coverage that suits their needs.

While available in all states except Alaska, Alabama, Hawaii, Louisiana, Massachusetts, New Hampshire, and New York, Royal Neighbors of America stands out as one of the most diabetic-friendly insurers in the market. It’s a smart choice for individuals dealing with conditions such as schizophrenia, bipolar disorder, depression, and cancer. Additionally, the company offers fair-priced coverage for those on blood thinners, individuals with severe obesity, or those who have experienced mini-strokes.

What sets Royal Neighbors of America apart is that most individuals do not have to endure a waiting period, even if they suffer from certain health conditions. The application process is straightforward – a phone application with your agent, a call into a third-party verification system, and a swift decision on eligibility, often made immediately.


When comparing burial insurance with no waiting period policies, AIG stands out as a reputable choice. With a history dating back to 1919, AIG is a well-known and trusted name in the insurance industry. Their guaranteed life policies cater to individuals aged 50 to 85, offering face amounts ranging from $5,000 to $25,000.

AIG’s guaranteed issue insurance policy is noteworthy for its accessibility – there are NO health questions, and individuals cannot be declined. This makes it an ideal option for those with severe health issues like cancer or HIV.

While these policies have a standard two-year waiting period, wherein benefits aren’t paid if the policyholder passes away within the initial two years, this is a common feature of guaranteed life policies. The waiting period is in place to ensure approval for everyone, regardless of health conditions. In the unfortunate event of passing within the waiting period, beneficiaries receive the amount paid in premiums plus 10 percent interest.

AIG’s policy is available in all states except New York, and the application process is streamlined. Whether through a paper application or completion with an agent over the phone, once the application is received, a policy is generated within 48 hours and mailed to the address.

Every individual receiving an AIG burial insurance with no waiting period policy also gains two free riders – a terminal illness rider allowing partial access to the death benefit for those diagnosed with a terminal illness and a chronic illness rider for individuals diagnosed with a chronic illness hindering daily activities.

While guaranteed policies may not suit everyone, they offer significant benefits for individuals with serious health conditions. With affordable premiums, AIG’s policies are budget-friendly for most individuals.

Prosperity Life Group

Prosperity Life Group, specializing in life insurance, extends its services to burial policies. With a heritage dating back to 1935, the company caters to individuals aged 50 to 80, offering burial insurance with no waiting period policies with face values ranging from $1,500 to $35,000. Notably, riders are not available for these policies.

It’s essential to note that Prosperity Life Group does not provide policies in the following states:

  • Connecticut
  • Delaware
  • District of Columbia
  • Hawaii
  • Montana
  • North Dakota
  • South Dakota

This company stands out as an intelligent choice for tobacco users. Individuals employing chewing tobacco or e-cigarettes, excluding cigarettes, can secure a non-tobacco rating, resulting in significantly reduced premiums.

Prosperity Life Group is renowned for its inclusive approach, accepting individuals with high-risk health issues such as multiple sclerosis, diabetes, diverticulitis, and atrial fibrillation. Many of these conditions are covered without imposing a waiting period.

The application process is swift, typically taking only about 15 minutes for approval. Assuming no waiting period is enforced, the coverage commences immediately.


Established in 1853, Aetna, a prominent name in the health insurance industry, also provides burial insurance with no waiting period. Tailored for individuals aged 45 to 89, these policies offer face amounts ranging from $3,000 to $35,000, with most policies excluding a waiting period.

It’s important to note that Aetna’s burial insurance with no waiting period policies is not available in the following states:

  • Alaska
  • California
  • District of Columbia
  • Hawaii
  • Maryland
  • Maine
  • New York
  • Vermont
  • Washington

Aetna facilitates a flexible application process, allowing individuals to complete a paper application or work with an agent over the phone. The process involves a third-party verification phone call to confirm all information collected during the application.

Aetna stands out in underwriting policies, providing partial coverage for cancer survivors and individuals with congestive heart failure. The company also handles extreme obesity, mental health issues, home health care, and chronic kidney disease with understanding, making the underwriting process relatively straightforward for individuals with these concerns.

Competitive pricing makes Aetna an attractive choice for both individuals with and without health conditions. When comparing burial insurance with no waiting period companies, Aetna should be a top consideration. Seniors in their 80s, in particular, may find Aetna to be a company worth considering.


Since its inception in 1909, Americo has been synonymous with providing affordable and comprehensive insurance coverage. Tailored for individuals aged 50 to 85, Americo’s burial insurance with no waiting period policies offers face values ranging from $2,000 to $30,000.

Covering all states except California, Minnesota, New York, and Pennsylvania, Americo policies typically do not include a waiting period. Adding to its flexibility, Americo allows policyholders to include a child and grandchild term rider in their plans.

Americo offers two distinct plans, each catering to specific needs. The Ultra Protector plan is an excellent choice for individuals with health conditions, boasting underwriting guidelines that accommodate various conditions, including heart attacks and Parkinson’s Disease. Notably, individuals with emphysema and COPD can even secure same-day coverage upon approval—a rarity in the insurance industry. Eagle Premier, the other plan, also covers a range of high-risk health conditions, providing non-tobacco rates to tobacco users who don’t smoke cigarettes.

Despite covering these health conditions, Americo’s plans remain affordable, offering great value for both individuals with and without serious health concerns. When considering Americo burial insurance with no waiting period policies, it’s crucial to compare the plans to ensure the right fit for your needs.


Established in 1904, Transamerica has stood the test of time and is recognized as one of the premier burial insurance with no waiting period companies. Tailored for individuals aged 45 to 85, Transamerica’s policies offer a face amount ranging from $1,000 to $50,000. Notably, a waiting period is typically not required.

Policyholders have the option to enhance their coverage with an accidental death rider, providing additional security. Transamerica’s policies extend their reach across all 50 states, ensuring accessibility for individuals nationwide.

What sets Transamerica apart is its unique approach to waiting periods. Unlike many policies, Transamerica does not impose a mandatory waiting period for individuals with kidney disease, emphysema, and COPD. This makes it a standout choice for those with pre-existing conditions, offering coverage without the usual waiting period constraints. Additionally, Transamerica’s pricing remains affordable, catering to individuals with a variety of health conditions and making it an attractive option for those with serious health concerns.

Sentinel Security Life

When Sentinel Security Life opened its doors in 1948, it carved a niche for itself by offering burial insurance with no waiting period to individuals as young as six months old up to the age of 85. This stands out as a unique offering, considering that most companies typically commence policies for individuals in their 40s or 50s. The face amount range for policies spans from $1,000 to $35,000, and for many applicants, there is no waiting period to contend with. Additionally, Sentinel Security Life provides the option to include an accidental death rider for added coverage.

While the insurance is accessible across the nation, there are exceptions, and it is not available in states such as Alabama, Connecticut, Massachusetts, New York, and others. This insurer distinguishes itself by catering to individuals with diverse health issues, including irregular heartbeat, diabetes, seizures, and even those who use oxygen. Remarkably, Sentinel Security Life allows immediate access to policies for individuals using oxygen, a feature not commonly found with other insurers.

To further enhance flexibility, Sentinel Security Life offers various payment options. Individuals can opt for the 10-pay or 20-pay plan, allowing them to complete premium payments in 10 or 20 years, respectively. Although premiums may be higher, once the chosen period concludes, no additional payments are required. Additionally, there are options like paid-up at 65 or 85, providing a similar benefit of ceasing payments after the specified age.

While this insurance company presents numerous benefits, it is important to note that its availability is limited compared to other policies. As such, individuals may need to check whether this coverage is accessible in their state before considering it as an option.

Baltimore Life

Baltimore Life, established in 1882, provides burial insurance coverage tailored for individuals aged 50 to 80. Offering face amounts ranging from $2,500 to $25,000, this insurer stands out by typically not imposing a waiting period for most applicants. Additionally, policyholders have the option to enhance their coverage with an accidental death rider.

It’s important to note that, like many insurance policies, coverage availability varies by state. Unfortunately, residents of Massachusetts, Minnesota, Missouri, New York, North Carolina, South Carolina, Washington, and West Virginia cannot avail themselves of Baltimore Life’s offerings.

Baltimore Life proves to be a prudent choice for those who have recently faced significant health challenges such as a heart attack, cancer, diabetic coma, or stroke. Unlike some policies that either deny coverage or enforce a two-year waiting period for individuals with these health issues, Baltimore Life implements a graded plan. Under this structure, the company disburses a percentage of death benefits if the insured passes away within the initial two years of coverage.

In the unfortunate event of the insured’s demise within the first year, the plan disburses 25 percent of the death benefit. This percentage increases to 50 percent during the second year. Subsequently, if the insured passes away after completing the second year, the beneficiary is entitled to the full death benefit.

While Baltimore Life’s coverage may incur slightly higher costs compared to other options, it remains a noteworthy choice for immediate coverage for individuals who have confronted significant health events. Many find the added expense justified for the peace of mind and immediate protection it provides in challenging circumstances


What type of life insurance has no waiting period?

Simplified Issue Whole Life Insurance stands out for its absence of a waiting period. These policies, characterized by their exemption from a medical examination, still involve a health assessment through pertinent health questions and an evaluation of your health and prescription history. The qualification process is conducted upfront, allowing applicants to secure coverage without the imposition of a waiting period.

Is it better to get burial insurance with no waiting period or life insurance?

While burial insurance with no waiting period falls under the life insurance category, it typically features lower death benefit amounts. This type of coverage serves as a viable life insurance alternative for seniors and individuals facing health challenges, especially when conventional life insurance becomes less accessible.
For individuals who are young and in good health, exploring traditional permanent or term life insurance might be a more suitable option. Traditional life insurance policies often offer a more favorable cost-to-benefit ratio compared to burial insurance.

What is a final expense insurance policy?

Final expense life insurance, also known as burial insurance or funeral insurance, is categorized as a type of whole life insurance. It typically provides a modest death benefit, typically ranging from $10,000 to $20,000, intended to cover the costs associated with end-of-life expenses.

Does Burial insurance have a waiting period?

Many burial insurance with no waiting period policies offer immediate coverage without a waiting period, contingent upon answering health history questions. Although there is no mandatory medical exam, eligibility for instant coverage is determined by the responses to health-related inquiries.

Does life insurance cover burial expenses?

Indeed, all types of life insurance, including whole life, universal life, and term life, provide a tax-free cash benefit to beneficiaries upon the policyholder’s death. This money is versatile and can be used for various purposes, including covering funeral expenses, debts, or any financial needs your beneficiaries may have.

Is there a waiting period if I have cancer?

If you’ve been diagnosed with cancer within the last two years, it may be challenging to obtain a life insurance policy without a waiting period. However, exceptions may apply for specific types of cancer, such as basal cell carcinoma or squamous cell carcinoma. These two forms of cancer might not affect your eligibility for final expense life insurance, and you may still be able to secure coverage without a waiting period. It’s essential to provide accurate information about your health history when applying for insurance to ensure you get the most suitable coverage for your situation.

Why is it important to have burial insurance with no waiting period?

Indeed, having burial insurance with no waiting period can be likened to having an umbrella on a rainy day. It serves as a protective measure, ensuring that during challenging times, such as the loss of a loved one, the family can focus on the process of healing rather than being burdened by the stress of managing funeral expenses. This type of insurance provides a caring and practical way to ensure that affairs are in order for the future, offering peace of mind and financial support when it is needed most.

At what age should you buy final expense insurance?

The optimal age to purchase final expense insurance is typically when individuals start planning for end-of-life considerations, often around the age of 50 or older. While navigating end-of-life planning can be a daunting task, the outcome provides peace of mind, ensuring that loved ones won’t bear the financial burden of the funeral and related expenses. Investing in final expense insurance during this phase allows individuals to proactively manage their affairs and provide a financial safety net for their families.

Why Do Insurance Companies Impose Waiting Periods?

Insurance companies institute waiting periods to assess insurability and mitigate risk. During this waiting period, the company reviews an applicant’s health status, conducts necessary medical exams, or examines health records to determine eligibility for coverage. These waiting periods serve as safeguards, allowing insurance companies to make informed decisions about coverage based on the applicant’s health history. The goal is to strike a balance that protects both the company and ensures equitable coverage for all policyholders.

How to file a claim when the insured person passes away?

Upon the death of the insured individual, beneficiaries can initiate the claims process by following the procedures outlined in the policy documents. Generally, this involves submitting a copy of the deceased person’s death certificate to the insurance company. This official document serves as proof of the insured person’s passing and is a crucial component in facilitating the claims process. The submission of required documents helps ensure a smooth and efficient settlement of the insurance claim.

Should I buy a policy online or speak with a representative to purchase a policy?

Purchasing burial insurance with no waiting period online has been streamlined for simplicity and clarity. However, if you have additional questions or need assistance, you can always reach out to the company by calling and speaking with a representative. The application process remains consistent, and the representatives are there to address any uncertainties or inquiries you may have, ensuring a smooth and informed experience.


As individuals age, the consideration of end-of-life planning becomes increasingly important. Planning for such expenses in advance can alleviate the financial burden on loved ones. For those facing health issues or entering their senior years, traditional life insurance might not be the most suitable option.

Opting for burial insurance with no waiting period plan presents a viable alternative to regular life insurance coverage. When exploring coverage options, it’s crucial to factor in anticipated final expenses to determine the appropriate amount of coverage. Seeking life insurance quotes from multiple providers is advisable to find the optimal balance between coverage and cost.

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