Is There an Age Cap on Burial Insurance?
Is There An Age Cap on Burial Insurance?
Burial Insurance has to have an age cap, you see, insurance companies like the odds to be in their favor, and the older you are the sooner you are statistically expected to die, which for them means less premium payments before they have to cough up. Many burial insurance policies are available up to the age of 75, some of them might offer cover up to the age of 80 but after that it’s pretty likely that you’re going to die quite soon wouldn’t you think?
Pre Paid Funerals are one alternative which you can look into if you’ve left it a little late to sort out your burial insurance. The best advice is to sort these things out earlier in life (although I do understand that it might be a little late for some people!)