My sister and I are looking into acquiring insurance for my mother, who is above the age of 60. This is entirely beyond my knowledge, therefore I am unsure how to proceed.
Has anyone dealt with this before? The primary fear is getting funeral/burial fees covered when she needs them, as my family may not have the funds to afford those charges.
For life insurance for someone over 60, look into final expense or burial insurance. These policies are designed to cover funeral costs and are easier to qualify for. Compare quotes from different insurers to find the best option. Speaking with an insurance agent who specializes in senior policies can also help.
You can consider final expense insurance: This type of insurance is specifically designed to cover funeral and burial expenses.
Start saving. Plan for a bare minimum funeral/burial.