Do Funeral Insurance Premiums Change?

Once you have purchased your funeral insurance policy, your premiums will remain the same until the benefit is paid out or you discontinue your policy.

Funeral policies and premiums are issued based on your current age and health at the time you purchase your coverage and usually do not change or increase as you get older, or if you get sick or injured.

There may be certain payout restrictions stated in your funeral policy; however, and if you pass away before a certain amount of time you may not receive 100% of your policy.

For example, most funeral expense insurance plans offer guaranteed acceptance, which means you may have graded death benefits the first two years you are insured.

However, these plans will accept anyone who meets the age requirements; such as, people age 45 to 85 will be guaranteed approval for a policy.

Here's how to get a funeral insurance plan.