Burial Insurance Quotes: The Lowest Possible Online Rates

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Updated August 13, 2022

Specific features make funeral life insurance for seniors better than other coverage options. Final expense comes at a lower cost than traditional life insurance.

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How Much Does Burial Insurance Cost?

The average monthly cost for burial insurance depends on age, gender, health, and the policy amount. However, online final expense quotes for seniors can be anywhere from $30 – $200 for a $10,000 policy. But the price you pay could be higher or lower than the average, depending on these critical factors.

More specifically, the coverage amount you take out will affect your monthly premium. For example, a policy with a $5,000 death benefit will cost significantly less than a $25,000 death benefit.

Common Policy Amounts:

How to Get Burial Insurance Quotes Online

There are many ways to get final expense insurance quotes online. For convenience, we have compiled price charts by age that seniors can expect to pay for coverage. If you are interested in a death benefit amount not listed below, use the customizable life insurance quote machine on this page.

The price charts below are separated by gender, tobacco use, and policies with and without a waiting period. Waiting periods are assessed based on the health of the applicant. There are no exams for final expense insurance, but applicants must answer a short series of health questions to get immediate coverage.

50 – 59 Burial Insurance Quotes

Ages 50 – 59
GENDER & POLICY INFO COVERAGE AMOUNT
$5,000 $10,000 $15,000 $20,000
Women Non-Smoking, No Waiting Period $14 – $17 $24 – $32 $35 – $46 $45 – $60
Women Smoking, No Waiting Period
 $17 – $23 $31 – $44 $46 – $64 $60 – $84
Women Guaranteed Issue $20 – $27 $39 – $53 $57 – $78 $80 – $117
Men Non-Smoking, No Waiting Period $17 – $23 $31 – $42 $44 – $61 $58 – $80
Men Smoking, No Waiting Period $21 – $30 $38 – $57 $56 – $83 $73 – $110
Men Guaranteed Issue $29 – $35 $56 – $67 $83 – $100 $110 – $148

60 – 69 Burial Insurance Quotes

Ages 60 – 69
GENDER & POLICY INFO COVERAGE AMOUNT
$5,000 $10,000 $15,000 $20,000
Women Non-Smoking, No Waiting Period $18 – $27 $33 – $51 $48 – $75 $63 – $98
Women Smoking, No Waiting Period
 $24 – $37 $45 – $70 $66 – $104 $87 – $138
Women Guaranteed Issue $28 – $40 $54 – $78 $80 – $116 $119 – $172
Men Non-Smoking, No Waiting Period $23 – $37 $44 – $71 $64 – $105 $84 – $138
Men Smoking, No Waiting Period $31 – $49 $60 – $95 $88 – $141 $116 – $187
Men Guaranteed Issue $35 – $53 $68 – $104 $101 – $154 $149 – $227

70 – 79 Burial Insurance Quotes

Ages 70 – 79
GENDER & POLICY INFO COVERAGE AMOUNT
$5,000 $10,000 $15,000 $20,000
Women Non-Smoking, No Waiting Period $28 – $48 $53 – $93 $78 – $139 $103 – $184
Women Smoking, No Waiting Period
 $37 – $64 $72 – $125 $107 – $186 $142 – $247
Women Guaranteed Issue $41 – $90 $80 – $177 $120 – $265 $177 – $388
Men Non-Smoking, No Waiting Period $39 – $66 $73 – $130 $108 – $193 $143 – $256
Men Smoking, No Waiting Period $50 – $87 $98 – $171 $146 – $256 $194 – $340
Men Guaranteed Issue $54 – $104 $106 – $206 $158 – $308 $233 – $415

80 – 89 Burial Insurance Quotes

80 – 89 Year Old
GENDER & POLICY INFO
 COVERAGE AMOUNT
$5,000 $10,000 $15,000 $20,000
Women Non-Smoking, No Waiting Period $51 – $139 $98 – $275 $146 – $411 $194 – $547
Women Smoking, No Waiting Period
 $69 – $194 $135 – $384 $201 – $574 $267 – $764
Men Non-Smoking, No Waiting Period $71 – $181 $140 – $358 $208 – $535 $276 – $712
Men Smoking, No Waiting Period $92 – $288 $182 – $572 $271 – $857 $361 – $1141

How Insurance Companies Set Their Prices For Funeral Insurance Quotes

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 accept applicants up to 90 years old. It varies by provider and policy.

The following articles will give you more information about your specific age group.

Gender

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

Policy Amount

Knowing the funeral costs in your area will help you decide how large a death benefit is needed. The more coverage taken out, the higher you can expect the online burial insurance quote.

Health

Health is the essential item on the list. Certain carriers may not accept you if you have a medical concern or diagnosis, while others will. It truly depends on the condition and the company’s underwriting guidelines.

Each company can 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 will accept you.

This particular type of product gets very specific from company to company regarding health. Having a final expense insurance expert guide you through the process is best.

Tobacco Use

As shown above, funeral insurance companies will charge more to seniors who smoke. However, depending on your method of tobacco use and frequency, some life insurance companies will give special consideration.

couple on computer

FAQs About Final Expense Insurance Quotes

What If I Can’t Afford a Final Expense Insurance Policy?

Final expense life insurance is flexible and financially friendly. Coverage amounts range from $2,000 – $50,000 and can be adjusted to accommodate any budget, giving seniors access to permanent whole life insurance for burial. Work with a highly rated insurance agent who has access to multiple plans to ensure finding your best final expense insurance coverage option.

How Much Life Insurance Do I Need for Burial?

Having a $10,000 life insurance policy will be enough to cover a ceremony and burial. If your final wishes are more elaborate, getting a larger death benefit is recommended. The amount of life insurance coverage you need will be dictated by your geographic location and the type of funeral ceremony that you wish to have.

Is Burial Insurance Cheaper than Life Insurance?

Burial insurance comes in lower coverage amounts, making it much more affordable than traditional life insurance options. Burial coverage still offers the same permanent benefits as a whole life insurance policy. Final expense insurance is designed to pay for your funeral costs, while traditional life insurance replaces income.

senior couple on computer

How Do I Get Final Expense Insurance?

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

Directly from the Company: Working directly with the company becomes problematic because each company has different underwriting standards and price points. This can lead to people overpaying for coverage or being denied. 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 top products out to insurance agencies.

Insurance Agency: Working with an insurance agency is the best option because they are not tied to one specific insurance plan. With access to many policies, a highly rated insurance agency can secure you coverage at a low rate.

Why Willamette Life?

Willamette Life specializes in burial life insurance with our single focus on finding our customers affordable funeral insurance coverage. To receive a free quote estimate, use the online quote tool on this page.

Willamette Life agents compare many of the best final expense insurance plans to find the top choice for each customer’s needs.

smiling senior couple in Hawaiian shirts

Final Thoughts About Funeral Insurance Quotes

a. Finding the lowest burial insurance quotes for seniors is simple and easy. The average funeral insurance cost is $30 – $200 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 excellent 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 a specialized final expense insurance agency to help you find the best coverage. These agencies have access to multiple policies and will be your best option to receive the lowest possible cost.