GPM Final Expense Insurance Plans: Rates, Benefits & Coverage
GPM final expense insurance offers three plan types: Level Death Benefit (immediate full coverage), Graded Death Benefit (gradual benefit increase), and Modified Benefit (return of premium first 2 years). Coverage ranges from $3,000-$35,000 for ages 50-79 with no medical exam required. Planning for final expenses is one of the most important financial decisions seniors can […]
Senior Life Insurance As Seen on TV: Review
Senior Life Insurance Company offers no-medical-exam life insurance for ages 0 to 85, with whole life policies and 20-year term life policies providing coverage up to $50,000. Founded in 1970 and headquartered in Thomasville, Georgia, the company specializes in final expense coverage with guaranteed acceptance options. Senior Life is not rated by AM Best but […]
Colonial Penn vs Globe Life: Which Is Better for Seniors?
Colonial Penn and Globe Life are both TV-advertised life insurance options for seniors, but they work very differently. Colonial Penn offers guaranteed acceptance whole life with fixed $9.95/unit pricing and a 2-year waiting period. Globe Life starts at $1 but premiums increase every 5 years. Most seniors can find better coverage and lower rates through […]
Colonial Penn vs Gerber Life: Which Is Right for You?
Colonial Penn is best for seniors aged 50-85 who need guaranteed acceptance coverage without health questions. Gerber Life works better for families wanting child coverage through the Grow-Up Plan, or seniors seeking slightly higher death benefits. Both offer no-exam policies, but Gerber typically provides more coverage per dollar. Choosing between Colonial Penn and Gerber Life […]
Colonial Penn vs Great Western: What Changed
Great Western discontinued its final expense life insurance in June 2024. Colonial Penn still offers guaranteed acceptance coverage for ages 50-85, but most seniors pay 30-50% more than they would with other carriers. If you were considering Great Western, companies like Mutual of Omaha, Gerber Life, or AIG offer similar final expense coverage with competitive […]
Prepaid Funeral Plans | How They Work, Costs, and Alternatives
A prepaid funeral plan lets you pay for your funeral services in advance, often at today’s prices. These plans typically cover casket, embalming, funeral home services, and transportation. You can pay in a lump sum or installments, with funds held in a trust or insurance policy until needed. Planning your own funeral isn’t something most […]
Colonial Penn $9.95 Plan: What They Don’t Tell You
At age 70, Colonial Penn’s $9.95 plan buys only $1,000 in coverage per unit. Most seniors need $10,000 for funeral expenses, requiring 10 units at $99.50 per month. Standard final expense policies from carriers like Mutual of Omaha offer $10,000 for $95 monthly with no unit confusion, making Colonial Penn 30-50% more expensive per dollar […]
How to Plan Your Own Funeral: A Complete 10-Step Guide
Planning your own funeral means making decisions about your service type, burial or cremation preferences, costs, and final wishes before you pass away. This removes the burden from your family during an emotional time and ensures your preferences are honored. Most people spend $8,000 to $12,000 on funeral arrangements, making advance planning both a practical […]
Cremation Cost | A Complete State-by-State Price Guide
Cremation costs in the U.S. typically range from $1,000 to $7,000 depending on service type and location. Direct cremation (without a ceremony) averages $1,000 to $3,000, while cremation with a memorial service runs $2,000 to $7,000. State pricing varies significantly, with Oregon averaging $1,282 and North Dakota averaging $3,183 for direct cremation. More than half […]
Funeral Cost: A Complete Guide to Planning Ahead
In 2026, the average funeral cost in the United States ranges from $7,000 to $12,000 for a traditional burial, while cremation services typically cost between $6,000 and $7,000. Direct cremation offers the most affordable option, ranging from $1,500 to $3,000, and direct burial typically costs $3,000 to $6,000. Costs vary significantly by state, with higher […]
Lincoln Heritage Funeral Advantage Review
Lincoln Heritage Funeral Advantage is a final expense life insurance policy offering up to $35,000 in coverage with no medical exam required. The company holds an A (Excellent) rating from AM Best and operates in 49 states (excluding New York and Washington). While premiums run higher than competitors’, the policy includes free funeral planning assistance […]
Life Insurance for Parents
Yes, adult children can buy final expense insurance for elderly parents to cover funeral costs, typically $5,000-$50,000 in coverage. You’ll need to prove insurable interest and have your parent’s consent, but no medical exam is usually required for ages 50-85. Watching your parents age brings a mix of emotions. You want to help them maintain […]
Life Insurance for Seniors Over 65: Your Real Options
Seniors over 65 can absolutely get life insurance. Your best options typically include term life insurance (if you’re in good health and under 75), final expense insurance (ages 50-85, smaller coverage amounts), or guaranteed issue policies (no health questions, but limited benefits). The right choice depends on your health, how much coverage you need, and […]
Graded Benefit Life Insurance: How It Works
Graded benefit life insurance is a type of whole life policy with a waiting period, usually 2 to 3 years, before the full death benefit kicks in. It’s designed for people who can’t qualify for traditional life insurance due to health issues, age, or other risk factors. No medical exam is required, and most applicants […]
Guaranteed Issue Life Insurance: Good or Bad Deal?
Guaranteed issue life insurance accepts all applicants without health questions or medical exams, using a 2-3 year waiting period instead of traditional underwriting. While more expensive per dollar of coverage, these policies provide a viable option for seniors or those with serious health conditions who can’t qualify for traditional coverage, typically offering $5,000-$25,000 to cover […]