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Home Finance When Should You Opt For A Guaranteed Issue Burial Insurance Policy

When Should You Opt For A Guaranteed Issue Burial Insurance Policy

It would help if you opted for a guaranteed issue burial insurance for several reasons. With this policy, you have to pay a fixed amount as a premium. Once you have departed from this world, your beneficiaries will get the benefit, and they can use the money to make arrangements for your funeral. Senior citizens opt for this insurance the most. It will help you depart from this world with dignity, without a sense of obligation to anyone. There are many companies like Mutual of Omaha Final Expense Insurance that can assist you with this.

When Should You Opt For A Guaranteed Issue Burial Insurance Policy

Here is when you should opt for a guaranteed issue burial insurance policy.

  1. When You Have a Specific Vision of Your Funeral

As an individual, you might have some vision about how you want the last rites to be. However, paying for the funeral includes making arrangements for the flowers, venue, funeral meal, casket, and burial. All of this could cost a considerable amount of money. There are other costs like paying the priest, paying for the transportation, and memorial service after the burial.

When you opt for a guaranteed issue burial insurance policy, you have to leave clear instructions for your beneficiaries. With the insurance benefit, you will have made all the arrangements for your funeral, just the way you want.

2. When You Do Not Want To Go Through Tests Anymore

There comes a point in many senior citizens’ lives when they know that it is enough, and they do not want to make frequent hospital trips anymore. They are done with the tests and medicines for good, and all they want is to live the last days of their lives in peace and then depart from the world with respect and dignity.

When you feel such a point has arrived in your life, you could think of getting a guaranteed issue burial insurance. Unlike other insurance policies, this insurance requires no medical tests, and any senior citizen could apply for it. The premium rates are also relatively moderate.

3. When You Do Not Want To Burden Your Loved Ones

Suppose you are someone who has always cared about the wellbeing of your loved ones, and you do not want to burden them with the responsibility of making arrangements for your funeral once you are gone. In that case, you should opt for a guaranteed issue burial insurance policy.

Yes, they still have to follow through with your instructions, but they do not have to pay for it, which is one of the most challenging choices faced by many young beneficiaries, especially if they have a family of their own to take care of and are on a budget. With the insurance, you will be paying for your funeral and will not have to answer anyone about the inclusions you have made in your final arrangements.

A burial insurance policy will allow you to spend the last days of your life in peace. You have done a great job rearing your family and thinking of their comfort. It is your turn to decide how you want to depart from this world, and providers like Mutual of Omaha Final Expense Insurance can help you with it.

John Paul
John is a full-time blogger and loves to write on gadgets, search engine trends, web designing & development, social media, new technologies, and entrepreneurship. You may connect with him on Facebook, Twittter and LinkedIn.

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