• Minimal Medical Underwriting: Often requires only a few health-related questions.
• Fast Approval: Generally approved within days, as opposed to weeks or months.
• Smaller Coverage Amounts: Policies typically range from $5,000 to $25,000.

While traditional life insurance—like term or whole life—can provide larger coverage amounts, they also demand more detailed health screenings. Simplified Issue Burial Insurance is a low hassle alternative:

• No Medical Exams: Most policies skip the invasive medical exams, focusing instead on a basic questionnaire.
• Immediate Coverage: Coverage can begin shortly after approval, ensuring minimal waiting periods.
• Tailored for End-of-Life Expenses: Coverage amounts specifically match funeral costs rather than large debts or mortgage payments.

• Easier to Qualify
  Seniors or those with pre-existing conditions can find it challenging to get affordable coverage. Simplified Issue Burial Insurance can be more lenient regarding health issues.
• Predictable Premiums
  Premiums generally remain level throughout the policy’s life. This consistency helps with long-term budgeting.
• Peace of Mind
  Knowing your funeral expenses won’t fall on loved ones can bring valuable comfort, especially as healthcare and funeral costs rise.

While Simplified Issue Burial Insurance can be a great choice for a wide range of people, it’s particularly beneficial if:

• You Have Limited or No Life Insurance
  If you never purchased traditional coverage or your term policy lapsed, this policy fills the gap specifically for final expenses.
• You’ve Been Denied Coverage Before
  Simplified underwriting means past denials or health complications may no longer be a barrier.
• You Want Quick Coverage
  If you’re seeking immediate peace of mind, simplified issue policies can be approved and effective in a short timeframe.
• You’re on a Fixed Income
  The lower coverage amounts also translate to lower premiums, making it manageable for seniors living on Social Security or retirement savings.

• Short Health Questionnaire
  Typically covers chronic conditions, recent hospitalizations, or serious illnesses. Honesty is crucial to avoid claim disputes later.
• No Medical Exam
  Unlike fully underwritten policies, you won’t need to schedule bloodwork or lab tests.
• Quick Underwriting Decision
  Many insurers can provide approval within 24 to 72 hours, accelerating your path to coverage.
•  Immediate Coverage or Short Waiting Period
  Some policies include a brief waiting period for full benefits. Others offer coverage from day one.

Key Takeaway: Simplified Issue policies strike a balance between ease of qualification and relatively affordable premiums. They involve some underwriting but not nearly as strict as full medical exams.

• Age
  Older applicants typically pay higher premiums.
• Health Status
  While underwriting is minimal, chronic conditions or significant health issues can still affect rates.
• Coverage Amount
  The higher the death benefit, the more you’ll pay in monthly or annual premiums.
• Insurer’s Guidelines
  Different companies have unique rate structures, so it’s wise to shop around for competitive quotes.

• Determine How Much Coverage You Need
  Calculate likely funeral costs, including a service, casket or urn, burial plot or cremation fees, and other related expenses.
• Compare Multiple Insurers
  Premiums, coverage options, and waiting periods vary. Don’t hesitate to get multiple quotes.
• Check Financial Ratings
  Opt for an insurer with a strong rating (A or better) from agencies like A.M. Best. You want a company that’s financially secure.
• Ask About Waiting Periods
  Some policies have a graded benefit for the first year or two. Ensure you’re aware of what’s covered immediately versus after a waiting period.
• Talk to a Licensed Agent
  An experienced agent can help you navigate nuances like riders, exclusions, and potential discounts.