Arizona Burial Insurance: 8 Intriguing Questions

Jake Irving

Jake Irving is the Founder of Policy and has contributed to articles for Synchrony Financial, GoBankingRates, Yahoo News, UpCity, Zapier, LegalZoom, and more.

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In the Grand Canyon State, sunsets are a little prettier, and the sun shines brighter than in the rest of the country. From Tuscon to Flagstaff, Arizonans have a gorgeous state to be proud of.

However, with all of this beauty, it is easy to forget the end-of-life bills. When a family is attempting to process the death of a loved one, the financial aspects can be daunting.

Fortunately, final expense insurance is a great product to help relieve the monetary burden.

8 Intriguing Questions About Arizona Final Expense Insurance

1. What is Arizona Burial Insurance?

Burial insurance for seniors is designed to make a simple and affordable monthly payment; in return, the provider will guarantee three benefits.

Price Lock: The price will never increase. This is a critical feature for many seniors on a fixed income. Policyholders can be assured the price they pay moving forward will never change.

Coverage Lock: The coverage will never decrease, meaning your beneficiary can know the payout amount years ahead of the policyholder’s death.

Builds Cash Value: A portion of every payment will go towards the cash value. Over time this account will grow and allow the policyholder to borrow against the plan if they choose.

2. What Can the Beneficiary Use the Payout For in AZ?

No rules or regulations say what the beneficiary must use the Arizona funeral insurance payout for. However, there is a typical list of items purchased with the policy funds.

  • Funeral
  • Cremation
  • Memorial/Celebration of Life
  • Leaving an Inheritance
  • Legal Expenses
  • Charity Donations
  • Credit Cards
  • Post-Mortem Expenses
  • Medical Bills
  • Remaining Balance on a Mortgage
  • Remaining Car Loan Balances
  • Other Final Expenses

3. How Old can I Be and Still Receive Initial Coverage?

Typically companies will offer initial coverage until the age of 85. However, you can find specific companies willing to award initial coverage until the age of 90.

 4. What is a Waiting Period in AZ Final Expense Insurance?

A waiting period is a time restriction a company places on high-risk cases. The restriction period is usually two years, but this can vary from company to company.

How it works: If the insured passes away before the waiting period ends, the beneficiary will receive a predetermined portion of the death benefit. The beneficiary will receive the entire coverage amount if the policyholder dies after the waiting period.

5. How Do I Receive Coverage With No Waiting Period in Arizona?

The best way to find companies suitable for you is by working with a highly rated insurance agency. These agents will have access to many different policies. Every carrier has different underwriting standards, so finding a company that will provide coverage for your specific conditions is the top priority.

6. Which Company Offers the Best Arizona Burial Insurance Coverage?

Finding the best Arizona funeral insurance company will depend on three key factors.

Health: Coverage options can vary drastically depending on your medical history. Each company has unique underwriting standards.

Age: Your age has a significant impact on price. The older you are when you initially apply for coverage, the higher your cost will be.

Gender: Your gender also plays a role when it comes to price. Females will pay less for coverage than males.

7. How much AZ Burial Insurance Coverage can I Take Out?

Most companies start at $2,000 of coverage and typically top out at $25,000 whole life plan options. However, some carriers will insure $40,000 – $50,000 of final expense insurance protection.

8. How Do I Secure an Arizona Funeral Insurance Quote?

The simplest way to get a quote is by using the online quote tool on this page. This will show you pricing for companies operating in Arizona.

How Much Does A Funeral Cost In Arizona?

Burial expenses can range over a wide variety of price points depending on where you live in the state. Arizona’s average traditional burial service is $6,920 and $5,639 for cremation.

Location Burial Cremation
Casa Grande
Fountain Hills
Show Low
State Average

Not included in the price estimates:

  • Cost of Headstone, Monument, or Marker
  • Cemetery Property, Plot of Land, Columbarium, etc.

Lifespan Statistics In AZ

The average age of death in the state is 78.8, which matches the national average of 78.8.

Listed below are the top 10 leading causes of death in the state, according to the CDC.

  1. Heart Disease
  2. Cancer
  3. Covid-19
  4. Accidents
  5. Chronic Lower Respiratory Disease
  6. Alzheimer’s Disease
  7. Stroke
  8. Diabetes
  9. Chronic Liver Disease/Cirrhosis
  10. Suicide

Final Thoughts About Arizona Burial Insurance

a. Arizona final expense insurance is both accessible and affordable. This product is a perfect financial option for seniors on a fixed income looking to leave a lump sum of money behind for their loved ones.

b. The listed beneficiary can use the payout for whatever is necessary. This gives families extreme flexibility to honor the deceased.

c.  Work with an independent agent who specializes in burial insurance. This will ensure you have the best opportunity to qualify for the most suitable plan possible.