Burial Insurance Quotes: What Does Funeral Insurance Cost?

Burial Insurance Quotes
Burial Insurance Quotes: What Does Funeral Insurance Cost?

When looking into burial insurance coverage, there are several things that providers look at to determine the monthly premiums seniors will pay.

Finding the lowest prices and best burial insurance companies should not be a hard task. To help you, we have put together a complete guide to funeral insurance quotes.

How Much Does Burial Insurance Cost?

$50 – $90 is the average monthly cost for burial insurance. Age, gender, health, policy amount, and tobacco usage will affect the monthly price seniors will pay. However, the price you pay could be higher or lower than the average, depending on these important factors.

Burial Insurance Quotes Online

There are many ways to get final expense insurance quotes online. For convenience, we have compiled a chart that shows the price range seniors can expect to pay for coverage. The health of the applicant will determine where in this price range seniors fall. The charts below show a quote range for ages 45 to 89, separated by gender and smoking versus non-smoking rates.

The lowest price will provide immediate coverage to those who qualify based on health. There are no exams for final expense insurance, but applicants will have to answer a series of health questions.

The highest prices shown are for guaranteed acceptance policies, which ask no health questions but require a waiting period before full protection begins. Guaranteed insurance should only be used by seniors who have a chronic or terminal illness. However, several chronic illnesses are accepted by plans that have immediate coverage.

If you would like a death benefit amount that is not listed below, use the customizable quote machine on this page.

Female Non-Smoker

Final Expense Insurance Quotes

Age$10,000$15,000$20,000
45$23 – $34$32 – $49$42 – $64
46$23 – $34$33 – $49$43 – $64
47$23 – $35$34 – $50$44 – $66
48$24 – $35$34 – $50$45 – $66
49$24 – $36$35 – $52$46 – $67
50$24 – $39$35 – $57$45 – $80
51$25 – $40$36 – $58$47 – $86
52$26 – $41$37 – $60$48 – $91
53$26 – $43$38 – $64$50 – $95
54$27 – $45$39 – $66$51 – $99
55$28 – $47$40 – $69$52 – $103
56$29 – $48$41 – $72$54 – $107
57$30 – $50$43 – $74$57 – $110
58$31 – $51$45 – $76$58 – $114
59$32 – $53$46 – $78$60 – $117
60$33 – $54$48 – $80$63 – $119
61$35 – $57$50 – $85$66 – $126
62$36 – $60$52 – $89$69 – $133
63$38 – $63$55 – $93$72 – $138
64$39 – $65$57 – $96$76 – $143
65$41 – $66$60 – $99$79 – $146
66$43 – $70$64 – $104$84 – $154
67$46 – $73$67 – $108$89 – $160
68$48 – $75$71 – $112$93 – $166
69$51 – $78$75 – $116$98 – $172
70$53 – $80$78 – $120$103 – $177
71$56 – $88$83 – $132$109 – $194
72$58 – $96$86 – $143$114 – $211
73$64 – $103$94 – $154$124 – $226
74$68 – $110$100 – $164$132 – $241
75$72 – $116$107 – $173$142 – $254
76$78 – $133$116 – $198$153 – $291
77$84 – $148$124 – $222$164 – $325
78$88 – $163$131 – $244$174 – $358
79$93 – $177$139 – $265$184 – $388
80$98 – $190$146 – $283$194 – $411
81$106 – $173$158 – $258$209 – $342
82$114 – $177$169 – $264$225 – $351
83$121 – $181$180 – $270$239 – $359
84$129 – $186$191 – $278$254 – $369
85$136 – $191$202 – $284$269 – $377
86$171 – $262$255 – $392$339 – $521
87$206 – $305$307 – $456$408 – $606
88$241 – $347$359 – $519$478 – $691
89$275 – $390$411 – $583$547 – $776

Male Non-Smoker

Final Expense Insurance Quotes

Age$10,000$15,000$20,000
45$27 – $47$39 – $68$51 – $89
46$28 – $47$40 – $69$52 – $91
47$28 – $48$41 – $70$53 – $92
48$29 – $50$42 – $73$55 – $96
49$30 – $50$43 – $73$57 – $96
50$31 – $56$44 – $83$58 – $110
51$31 – $57$46 – $84$60 – $112
52$32 – $58$47 – $86$61 – $117
53$33 – $59$48 – $87$62 – $124
54$34 – $60$50 – $89$65 – $130
55$36 – $61$52 – $91$69 – $135
56$37 – $63$54 – $94$72 – $139
57$39 – $65$57 – $96$74 – $143
58$40 – $66$59 – $98$77 – $146
59$42 – $67$61 – $100$80 – $148
60$44 – $68$64 – $101$84 – $149
61$46 – $73$68 – $108$90 – $160
62$49 – $78$72 – $115$95 – $171
63$51 – $82$75 – $122$99 – $181
64$54 – $87$79 – $129$104 – $190
65$56 – $91$83 – $135$110 – $199
66$60 – $95$88 – $141$117 – $208
67$63 – $98$93 – $146$123 – $215
68$67 – $101$99 – $150$130 – $222
69$71 – $104$105 – $154$138 – $227
70$73 – $106$108 – $158$143 – $233
71$79 – $116$117 – $173$154 – $254
72$84 – $125$124 – $187$165 – $275
73$89 – $134$133 – $200$176 – $294
74$95 – $143$141 – $213$187 – $312
75$100 – $150$148 – $223$197 – $328
76$107 – $175$159 – $261$211 – $383
77$114 – $199$170 – $298$225 – $414
78$122 – $205$182 – $307$241 – $415
79$130 – $211$193 – $315$256 – $419
80$140 – $232$208 – $346$276 – $461
81$150 – $246$223 – $366$297 – $487
82$160 – $254$239 – $379$317 – $504
83$171 – $271$255 – $404$339 – $537
84$182 – $284$271 – $424$361 – $564
85$193 – $301$288 – $449$382 – $597
86$236 – $361$353 – $540$469 – $718
87$277 – $410$413 – $613$550 – $816
88$317 – $458$474 – $686$631 – $913
89$358 – $507$535 – $759$712 – $1011

No Smoking Sign

Female Smoker

Final Expense Insurance Quotes

Age$10,000$15,000$20,000
45$29 – $41$41 – $60$54 – $79
46$29 – $43$42 – $63$55 – $83
47$29 – $45$42 – $66$55 – $87
48$30 – $47$44 – $69$57 – $91
49$31 – $49$44 – $72$58 – $95
50$31 – $51$45 – $75$59 – $99
51$32 – $53$47 – $77$62 – $102
52$33 – $54$49 – $79$64 – $104
53$35 – $55$51 – $81$66 – $107
54$36 – $57$53 – $83$69 – $110
55$38 – $58$56 – $86$73 – $113
56$40 – $60$58 – $89$76 – $117
57$41 – $63$60 – $92$79 – $122
58$42 – $65$62 – $96$81 – $127
59$44 – $67$64 – $99$84 – $131
60$45 – $70$66 – $103$87 – $136
61$47 – $74$70 – $109$92 – $144
62$50 – $78$73 – $115$96 – $152
63$52 – $82$76 – $121$100 – $160
64$53 – $86$78 – $127$103 – $168
65$55 – $90$80 – $133$106 – $176
66$57 – $94$84 – $140$111 – $185
67$59 – $99$88 – $146$116 – $194
68$64 – $104$94 – $153$124 – $203
69$67 – $107$99 – $159$131 – $211
70$70 – $112$104 – $166$137 – $221
71$75 – $118$112 – $176$148 – $233
72$81 – $124$120 – $185$159 – $245
73$86 – $131$128 – $194$169 – $258
74$90 – $137$134 – $204$177 – $270
75$96 – $143$143 – $213$189 – $282
76$103 – $158$152 – $235$202 – $312
77$109 – $173$162 – $257$214 – $342
78$113 – $188$168 – $280$223 – $372
79$117 – $203$174 – $302$231 – $402
80$121 – $218$180 – $325$239 – $432
81$147 – $238$219 – $355$291 – $472
82$161 – $258$239 – $385$318 – $512
83$171 – $277$255 – $414$338 – $551
84$180 – $297$268 – $444$356 – $591
85$192 – $317$287 – $474$381 – $631
86$207 – $373$309 – $558$411 – $742
87$224 – $428$334 – $641$444 – $853
88$250 – $484$373 – $724$496 – $964
89$276 – $540$411 – $808$547 – $1076

Male Smoker

Final Expense Insurance Quotes

Age$10,000$15,000$20,000
45$36 – $52$53 – $76$69 – $100
46$37 – $53$53 – $77$70 – $102
47$37 – $53$54 – $78$71 – $103
48$38 – $54$55 – $79$73 – $104
49$39 – $54$56 – $79$74 – $105
50$38 – $56$56 – $83$73 – $110
51$39 – $57$58 – $84$76 – $112
52$41 – $60$60 – $86$78 – $117
53$44 – $63$65 – $93$85 – $124
54$46 – $66$67 – $97$89 – $130
55$48 – $69$70 – $101$92 – $135
56$49 – $73$73 – $108$96 – $142
57$51 – $77$75 – $114$99 – $151
58$52 – $81$77 – $120$101 – $159
59$54 – $86$80 – $127$105 – $168
60$56 – $90$83 – $133$109 – $176
61$59 – $98$87 – $145$115 – $192
62$61 – $106$90 – $157$118 – $208
63$63 – $114$92 – $169$122 – $224
64$65 – $122$95 – $181$126 – $240
65$67 – $130$99 – $193$131 – $256
66$70 – $140$104 – $209$137 – $277
67$75 – $150$111 – $224$147 – $297
68$80 – $159$118 – $237$156 – $315
69$83 – $168$123 – $251$163 – $333
70$86 – $177$127 – $264$169 – $351
71$90 – $190$133 – $283$176 – $376
72$93 – $203$138 – $302$183 – $402
73$97 – $216$144 – $322$191 – $428
74$104 – $228$155 – $341$205 – $453
75$111 – $242$165 – $361$219 – $480
76$118 – $285$175 – $426$232 – $567
77$125 – $300$185 – $448$246 – $597
78$122 – $315$182 – $470$260 – $626
79$138 – $329$206 – $492$273 – $655
80$145 – $344$216 – $514$287 – $684
81$219 – $375$327 – $561$434 – $746
82$238 – $406$356 – $607$474 – $808
83$255 – $437$380 – $653$506 – $870
84$269 – $468$402 – $700$534 – $932
85$283 – $499$423 – $746$563 – $994
86$318 – $575$475 – $861$632 – $1147
87$335 – $652$500 – $977$666 – $1301
88$352 – $729$526 – $1092$701 – $1455
89$369 – $806$551 – $1207$734 – $1608

How Funeral Insurance Quotes Are Determined

Several factors determine how much funeral insurance costs and the eventual price seniors pay for coverage.

Age

Age is the starting point for price and eligibility. Generally speaking, the older you are, the more it will cost for final expense coverage. These prices are locked in for life, so the younger you are when taking out a policy, the less you will be spending each month.

Most carriers will provide coverage to those in the age range of 50-85. Some plans do not have a minimum age, while others will accept applicants up to 90 years old. It varies from policy to policy.

Gender

In the United States, men have a shorter life expectancy than women, which leads to the reasoning that life insurance quotes for males are slightly higher than for females. Funeral insurance companies expect women to live longer, thus paying the premiums for a longer period of time. Depending on the amount of coverage, men can expect to pay 25% – 40% more than women in similar health.

Policy Amount

Knowing how much burial and cremation costs in your area will help you decide how large a death benefit is needed. The more coverage that is taken out, the higher you can expect the monthly premium to be.

Health

Health is the most important item on the list. If you have a medical concern or diagnosis, certain carriers may not accept you, while others will. It truly depends on the condition.

Each company has the ability to decide which health concerns it will accept or decline for coverage. For example, if you have been diagnosed with a heart condition, one company might deny your application while another company will accept you.

This particular type of product gets very specific from company to company when it comes to health. It is best to have a final expense insurance expert guide you through the process.

Smoking vs. Non-Smoking

As shown above, funeral insurance companies can charge more to seniors who smoke. However, depending on your method of choice and frequency, some life insurance companies will give special consideration. Read our burial insurance for smokers article to learn more.

couple on computer

About Funeral Insurance Plans

Funeral insurance has two specific features that make policies more affordable than other options.

Lower Face Amounts: Policies typically start at $2,000 with availability up to $40,000. This means the monthly premium will be much lower than a traditional whole life plan that offers higher coverage amounts. Although the premiums are lower, the same permanent benefits are included with final expense coverage.

No Medical Exam: The qualification process for funeral insurance is known as simplified issue underwriting. This underwriting allows seniors to get coverage in a matter of days rather than weeks. The application process can be completed over the phone in about 30 minutes, with full protection in a matter of days.

Whole Life Insurance Benefits

Final expense insurance plans are a type of whole life insurance coverage. Every whole life plan comes with three permanent benefits.

Coverage Never Decreases: Once you take out a policy, your coverage will not change. This assures peace of mind for family members and seniors that financial resources will be available when needed.

Cost Never Raises: The monthly premium is locked in and will never increase. This feature allows you to know your expenses month in and month out.

Builds Cash Value: With every payment made, a portion will go towards the policy’s cash value. This allows the policy owner to borrow from the plan if they choose.

woman and flowers

How Do I Get Final Expense Insurance?

There are three ways to purchase burial and final expense insurance coverage.

Directly from the Company: Insurance companies will send tons of mail to seniors’ mailboxes or advertise on television. These options are usually overpriced, and seniors should look elsewhere.

Captive Agent: This agent type has access to one company only. Meaning that even if a company offers a better plan or lower cost, this agent cannot use the other carrier. This becomes problematic because each company has different underwriting standards and price points. Captive agents may not even realize that there are better policies available for your specific situation.

Independent Agent: Working with an independent agent is the top option. This is because they are not tied to one specific insurance carrier. With access to many companies, a highly rated independent agent will be able to secure you coverage at the lowest possible price.

It is also important to note that you will not be saving any money by going directly through the insurance provider. Most life insurance companies contract their products out for independent agents to represent.

Why Willamette Life?

Willamette Life specializes in burial life insurance. Our single focus is to find seniors and their families affordable funeral insurance coverage for healthy and high-risk individuals. To receive a free quote estimate, use the online quote tool on this page.

The applicant’s health will determine if they can qualify for funeral insurance coverage with no waiting period. The immediate coverage options are the plans that cost less. Willamette Life agents will compare against many of the best final expense insurance companies to find the top option for each client’s needs.

senior couple on computer

FAQs About Burial Insurance Quotes

Is Burial Insurance Cheaper than Life Insurance?

Burial insurance is designed to pay for your funeral costs, while traditional life insurance is designed to replace income. This is why funeral insurance comes in lower coverage amounts and is a much more affordable option while still offering the same permanent benefits as a whole life insurance policy.

Is it Worth Getting Funeral Insurance?

Life insurance is a necessary financial tool for individuals and families who have no savings set aside to cover final expenses. By allowing seniors to prepare for funeral expenses simply and affordably, burial insurance is worth the cost.

Do Funeral Homes Offer Burial Insurance?

Some funeral homes offer preneed insurance, a more restrictive policy than whole life final expense insurance. You are only allowed to use the financial distribution on specific items tied directly to the funeral. This does not allow for other final expenses such as mortgage payments, medical bills, and other outstanding debt.

What is the Life Insurance Offer that I got in the Mail?

This offer for state-regulated life insurance is a marketing ploy sent by an advertising agency on the behalf of a life insurance broker. It is not a special offer and it is not endorsed by any government agency. All life insurance is regulated by the state.

smiling senior couple in Hawaiian shirts

Final Thoughts

a. Finding the lowest burial insurance quotes for seniors is simple and easy. The average cost of funeral insurance is $50 – $90 a month but depends heavily on your age, gender, policy amount, and well-being. The healthier someone is, the less they can expect to pay.

b. Several great life insurance companies offer cheap monthly rates. The main objective is to find the best provider for your specific health and financial situation because there is no one-size-fits-all solution.

c.  Contact an independent final expense insurance agency to help you find the best coverage. These agencies will have access to multiple carriers and will be your best option to receive the lowest possible cost.

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