At a certain age, many people are concerned about leaving everything organized so as not to burden their relatives with unnecessary formalities and expenses after their departure. Funeral insurance offers a practical and complete solution for this inevitable moment. But what if you are over 70, can you still take out one, and how much does funeral insurance for the over 70s cost?
Today in this article, we are going to solve all these doubts in a clear, close and professional way.
What are death insurance policies?
Funeral insurance is a product that covers the expenses and formalities arising from the death of the insured. This includes the complete funeral service, transfers, administrative procedures, legal assistance and other complementary services.
This type of insurance has been very popular in Spain for decades. Thanks to it, the relatives of the deceased insured are not obliged to assume all at once a series of expenses, the costs of which can exceed 3,500 €.
In the case of Adeslas, the death insurance policies are designed to cover all needs from the first moment, with 24/7 attention, national and international coverage, and the possibility of contracting it even at an advanced age.
Why is it advisable to take out funeral insurance?
Unlike other insurances that you may or may not use, funeral insurance is the only one that guarantees unavoidable use. But that’s not all, there are many other reasons to take it out:
- It avoids a sudden economic impact to the family.
- It allows you to decide and write down how you want your farewell to be.
- It offers emotional and organizational peace of mind to family members.
- Facilitates legal and administrative procedures.
- It includes complementary services such as wills, repatriation, travel assistance and more.
In short, it is a forecasting tool that, increasingly, the elderly should consider necessary.
How much does death insurance for the over 70s cost?
If you are close to or past the age of 70, you may have noticed that most insurers place a lot of limits on how much you can afford to pay. This is because annual renewable premium insurance usually accepts new policyholders up to that age.
From the age of 70 you can take out a single premium funeral insurance policy that can cost around 7,000 euros. However, the prices of funeral insurance for the over 70s may depend on factors such as the exact age, the coverage chosen, the geographical location and whether or not it includes additional services (such as repatriation, wake or management of paperwork).
How much does Single Premium funeral insurance cost?
Single premium death insurance is that which only requires a single payment when taking out the policy. In other words, the entire cost of the insurance is paid at once and is covered for life.
In general terms, the price of this insurance is around 7,000 € (single payment), although it may vary depending on:
- The exact age of the insured.
- Place of residence.
- The services included in the coverage (type of casket, flowers, wake room, etc.).
It is important to note that, although the initial outlay may seem high, this option is very profitable in the long term, as it avoids monthly installments and guarantees immediate coverage.
It is also worth mentioning that you can include this insurance within family plans or complement it with other products. For more information you can consult the prices of the single premium death insurance directly with a specialized advisor of Adeslas, exclusive agent of SegurCaixa Adeslas.
What is covered by the death insurance for people over 70 years of age?
Taking out a death insurance policy for the over 70s means having access to comprehensive coverage that goes far beyond the funeral service.
Funeral coverage
It is the core service of the policy. It includes:
- Transfer of the body from any part of the country.
- Preparation and conditioning of the deceased.
- Casket, wake room, hearse.
- Inhumation or cremation.
- Religious service or personalized ceremony.
If you take out the best single premium death insurance, as is the Adeslas Death Insurance, everything will be perfectly coordinated so that your family does not have to take care of anything.
Overseas assistance
If you die outside of Spain, the insurance covers repatriation expenses, consulate arrangements, and transfer of the body to the desired location. This benefit is highly valued by people who travel frequently or who have family abroad.
Will
Single-premium death insurance (for those over 70 years of age) includes the possibility of a free notarial will, which usually costs between 40 and 80 euros if contracted separately. Some plans even allow it to be reviewed or modified periodically.
Legal guidance and management
In the days following the death, there are many procedures that can be overwhelming: certificates, pensions, inheritances, etc. Funeral insurance includes an agency service that takes care of all this bureaucracy. In addition, it offers legal guidance by telephone for any questions that may arise.
Advantages of single premium insurance for the elderly
Taking out a single premium insurance policy after the age of 70 has multiple benefits, especially when you are looking for foresight, peace of mind and simplicity in management. Among its main advantages are the following:
- Once the premium is paid, there is no need to worry about renewals or monthly premiums.
- It does not require medical questionnaires or health screenings in most cases.
- Everything is settled in advance, so that family members do not have to make hasty decisions or face high expenses.
- You can choose the details of the funeral service, type of burial, location, etc.
- As there are no periodic payments, there is no risk of losing coverage due to forgetfulness, premium increases or occasional financial problems.
The Single Premium option with Adeslas: Peace of mind guaranteed.
This type of insurance is designed to offer peace of mind, avoid financial burdens on your loved ones and ensure that everything will be in good hands when the time comes.
Contact us to take out a funeral insurance policy that offers peace of mind, support and comprehensive management so that you and your family are protected.
