Many seniors have a hard time shopping around for life insurance. Some insurance companies have strict requirements and require an interview with health questions or even a medical exam. However, if you want to find coverage now, our site can help you. We can also help you if you are currently shopping for life insurance options for your elderly parents. Check out some of the helpful information that we have compiled; then, use our online tool to compare quotes from all of the number one life insurance providers for Kentucky residents.
State of Kentucky Final Expenses: An Overview
If you are wondering about the importance of life insurance for seniors, consider how much life insurance costs for people who live in Kentucky and elsewhere in the United States.
These are not concrete numbers; the amount that your family will have to pay will be dependent on a multitude of factors, such as the funeral home that you choose and whether you opt for a burial or a cremation. However, these are a few helpful average numbers that we found when researching costs:
- Funeral Costs in Kentucky – $7,000-$10,000
- Cremation Costs in Kentucky – $1,000-$4,000
- Funeral Plot Costs in Kentucky – $500-$2,000
It will be helpful if your family members have a payout from a guaranteed acceptance life insurance company to help pay these expenses. You should be able to find a cheap policy for yourself or your parents if you are willing to shop around.
Kentucky’s Five Top Most Well-Populated Cities
- 1. Lexington-Fayette’s population is 295,803.
- 2. Meads has a population of 288,649.
- 3. Ironville’s population is also 288,649.
- 4. Louisville has 243,639 residents.
- 5. Lexington’s population is 225,366.
Don’t worry if you don’t live in one of these big cities, however. We can help you find whole or term life insurance for seniors with our helpful website, whether you live in a big city or one of the more rural areas of the state. Even seniors over 80 in Kentucky can find coverage by using our tool.
What Can You Expect to Pay for Life Insurance Coverage in Kentucky?
These are some sample whole life insurance quotes that we found for a Kentucky resident. He’s a 54-year-old non-smoking male:
- $10,000 in Coverage – $33.05/month
- $15,000 in Coverage – $48.48/month
- $25,000 in Coverage – $79.33/month
Shop Around for Life Insurance in Kentucky
If you’re looking to fill out an application with the best life insurance provider for your situation, use our tool today. Instantly, you’ll have access to options that are suitable for you and your budget.