My Mother Doesn’t Have Enough Insurance To Bury Her. Can I Take Out Life Insurance On Her To Help Pay For Expenses?
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Your mother will need to sign the application, and she may need to do a phone interview in order to be approved for the policy. The type of policy that requires a phone interview may have a slightly lower cost, and more importantly, pay 100% of the death benefit from day one for death by any reason (except suicide in the first two years).
If she is unwilling or unable to do the phone interview, there are guaranteed issue policies available in most states that can be obtained without a phone interview. They will have a 2-3 year "graded" period where premium is returned if death occurs during the first years due to natural causes, or pay a percentage of the death benefit for death due to natural causes during the first 2-3 years.
These policies are available in face amounts from $1,000 to $25,000+. The perfect amount to supplement your mother's policy so that her burial expenses can be covered in full.