Burial Insurance in Illinois

The right choice depends on age, location, health, and more. However, we make it simple to find the best burial insurance in Illinois for you or your elderly parents. Here's how to get started:

• Enter your home ZIP code into our online quote form to see a list of burial insurance companies that do business in your town.
• Call us and ask to speak with a licensed agent if you have questions or need assistance.

Quick Facts About Burial Insurance for Seniors in Illinois

• Expected lifespan: 77
• Average household income: $56,853
• Typical cost of a funeral and burial: The Illinois Funeral Directors Association says that average funerals range from $5,000 to $8,000, and that might not include the grave.
• Typical cost of a cremation package: These could range from a little less than $1,000 to over $2,000.
• Chicago population: 2,695,598
• Aurora population: 197,899
• Rockford population: 152,871
• Joliet population: 147,433
• Naperville population: 141,853

The Cost of a Burial Insurance Policy in Illinois

These plans are meant to be affordable for most families, but burial insurance premiums will vary because of the applicant's age, health, location, and even company. While the price might be important, it is also important to consider the benefits offered and the company's financial strength. These are example prices for a 45-year-old Illinois woman who does not smoke:

• $5,000 face value: $12 to $16
• $10,000 face value: $22 to $30
• $15,000 face value: $31 to $43

Note: These are only example prices, and they could change or be subject to health underwriting.

Who Buys Funeral Insurance in Illinois?

Many older people purchase a policy for themselves, but often, adult children offer to pay the premiums because they are the ones who will benefit from having the cash proceeds of a burial insurance policy in Illinois. It is very convenient to set up payment via an automatic ACH withdrawal from a checking or savings account to be sure the policy does not lapse if the bill gets misplaced or the payer ends up indisposed.

Can Everybody Qualify for a Burial Insurance Policy in Illinois?

Unlike some other kinds of life insurance, burial insurance for seniors is very easy to apply for. These plans are usually open for people from about 45 to 80, but some accept people over 80. There are two basic type of plans:

• Guaranteed acceptance life insurance: These ask absolutely no health questions, and everybody who qualifies gets accepted.
• Simplified issue: These have a short application that does ask a few health questions, but those questions are only meant to disqualify people who are seriously ill.

If you can qualify by answering a few questions, you will usually get offered cheaper rates and an immediate death benefit. Guaranteed acceptance burial insurance plans might provide an option for people with serious health conditions, but if the insured person passes away before a waiting period lapses, beneficiaries might not be entitled to full benefits. That's why it is important to understand the way each plan works before you decide.

Find the Right Burial Insurance Policy in Illinois Yourself or Your Parents

You are welcome to shop for your parents, but you will need to involve them in the process. Since prices and benefits differ by burial insurance company, it is important to compare burial insurance companies. Get started by entering your home ZIP code in our quote box to compare quotes, and then call us if you would like to speak with a licensed agent. We provide the right tools and services to help our clients find the right burial plans.