Get Burial Insurance regardless of health.
Follow these Burial Insurance Basics for California residents so your estate (your legacy) doesn't end up in debt.
Premiums are payable weekly or monthly. Funeral homes, brokers, and insurance agents sell burial insurance.
Burial (Whole Life Low Limit) Insurance benefits:
4-6 health questions
Applicant must attest to health & personal info No physical, blood or urine test required Immediate Payout from date of issue
Higher maximums with additional underwriting
Burial (Whole Life Low Limit) Insurance drawbacks:
Low maximums of $15,000-$35,000
May not payout within the first 2-3 years
No breaks for good health
Only issued up to around age 85
Some companies don't issue earlier than 40
Builds little cash value
May exceed the cost of a funeral
May cost more than the death benefit
Guaranteed Issue (Graded) Insurance benefits:
Applicant needs to verify personal info only
No physical, blood or urine test required
No health questions
Guaranteed Issue (Graded) Insurance drawbacks:
Lower policy maximums
No additional amounts of coverage usually offered
No full payout for 2-4 years