How Much Does Burial Insurance Cost? Prices And Plans

How Much Does Burial Insurance Cost
How Much Does Burial Insurance Cost? Prices And Plans

When looking into burial insurance coverage and costs associated, there is a formula that insurance companies use to determine the monthly premiums seniors will pay.

How Much Does Burial Insurance Cost?

$50 – $90 is the average monthly cost for Burial Insurance. Age, gender, health, and policy amount will affect the monthly premium price someone will pay. So, the price that you pay could be higher or lower depending on these four key factors.

Cost Range

The burial insurance rates below show the range that someone should expect to pay by age. The lower prices are for seniors in good health, while the higher prices are what the elderly in compromised health might pay. These quotes are taken from elite burial insurance companies.


Monthly Premium Range

Non-Smoking Rates

45$23 – $34$32 – $49$42 – $64
50$24 – $39$35 – $57$45 – $80
55$28 – $47$40 – $69$52 – $103
60$33 – $54$48 – $80$63 – $119
65$41 – $66$60 – $99$79 – $146
70$53 – $80$78 – $120$103 – $177
75$72 – $116$107 – $173$142 – $254
80$98 – $190$146 – $283$194 – $411
85$136 – $220$202 – $328$269 – $436


Monthly Premium Range

Non-Smoking Rates

45$27 – $47$39 – $68$51 – $89
50$31 – $56$44 – $83$58 – $110
55$36 – $61$52 – $91$69 – $135
60$44 – $68$64 – $101$84 – $149
65$56 – $91$83 – $135$110 – $199
70$75 – $106$110 – $158$146 – $233
75$100 – $150$148 – $223$197 – $328
80$140 – $232$208 – $346$276 – $461
85$193 – $312$288 – $467$382 – $621

How Price is Determined

Four key factors go into determining a burial insurance quote and the eventual price seniors will pay for coverage.


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. In contrast, another company does not ask about it and accepts you as though you do not have this diagnosis.

This particular type of product gets very “nichey” when it comes to health, and it is best to have an expert guide you through the process.


Age is the starting point for price and eligibility. Generally speaking, the older you are, the more it is going to cost. 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.

With this being said, if your current age does not fall within the coverage window, it’s a moot point. 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 all the way through 90. It varies from policy to policy.

Keep in mind the longer you wait to get coverage, the more you should expect to pay monthly.


Gender is another factor. Nationally speaking, men have a shorter life expectancy than women, which leads to the reasoning that life insurance rates for men are slightly higher than women.

The insurance companies are expecting women to live longer, thus pay 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

Policy amount is the next factor. How much money do you want your beneficiary to receive once you pass away? Having an idea of your final wishes’ associated costs will help you decide how large you need the financial distribution to be.

The more coverage you have, the higher the monthly premium.

Women on computer

Burial Insurance Plan Tiers

There four plan tiers that seniors can qualify for. Each of these tiers comes at a varying price point.

Level: Awarding immediate day one coverage, this plan is reserved for the healthiest of applicants. Offering the lowest price and instant protection, this is the top plan on the burial insurance market.

Graded: With progressive coverage, this plan is best for applicants with recent medical issues. If the applicant were to pass away in years one or two, the payout would be a percentage of the coverage amount. After the two years have passed the payout out would be the full death benefit.

Modified: There is a two-year waiting period that comes with this plan. If the insured were to pass away during the waiting period, the beneficiary would receive all premiums paid plus 10 percent. This plan has a more lenient qualifying process than the graded plan.

Guaranteed Issue: Asking no medical questions and approving every applicant, the guaranteed acceptance plan is best for individuals with severe or chronic medical conditions. In some cases, this plan can be found at a lower cost than the modified option.

Plan Details

For an easy and low monthly payment, seniors and families will receive peace of mind knowing the inevitable end-of-life expenses will be covered. There are two key plan details that separate burial insurance from a traditional whole life plan meant to replace lost income.

Simplified Issue Underwriting: No medical exams will be needed to secure burial insurance. The applicant will need to answer a series of yes or no medical questions. This can be done entirely over the phone and takes approximately 30 minutes to complete.

Affordable Coverage: The coverage amounts are smaller than a traditional whole life plan. This allows for a smaller monthly payment while still receiving the wonderful permanent whole life benefits.

Product Benefits

Three permanent benefits will come with every whole life plan. This includes senior burial life insurance.

Price Lock: The monthly premium will never increase. This allows seniors on a fixed income to be assured that they can afford the coverage. There are no rate increases with this plan, giving every family financial peace of mind.

Coverage Lock: The coverage amount will never decrease. This will guarantee your family members have the financial resources needed to celebrate your life.

Builds Cash Value: For every monthly payment made, a portion will go towards the cash value. Over time this amount will grow and can be borrowed from if the policyholder chooses.

FAQ bubble

Questions Frequently Asked

There are a handful of questions our team frequently receives on burial insurance and the associated costs.

Is Burial Insurance Worth Buying?

For individuals and families who have no savings set aside, burial insurance is a needed financial tool. This product allows you to save for end-of-life costs in a simple and affordable way.

Is Burial Insurance Cheaper Than Life Insurance?

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

What Is Covered by Burial Insurance?

No mandate says what can be covered with the financial distribution. This is what makes burial insurance so appealing and flexible for families. There is, however, a standard list of items beneficiaries use the money for.

  • Burial Costs
  • Casket
  • Cremation
  • Leaving an Inheritance
  • Legal Expenses
  • Medical Bills
  • Charity Donations
  • Remaining Balance on a Mortgage
  • Post-Mortem Expenses
  • Credit Cards
  • Remaining Car Loan Balances
  • Other End-of-Life Expenses

Do Mortuarys Offer Burial Insurance?

The mortuary offers Pre-need insurance, and this is a more restricted policy than burial insurance options. You are only allowed to use the financial distribution on specific items tied directly to the mortuary.

Is There Free Burial Insurance?

Although you may have received countless promotional materials talking about state-regulated programs, burial insurance is not free. There are however very low monthly rates that will help you plan for burial costs.

male agent holding a coffee and writing

Finding The Cheapest Coverage

There are three ways to find coverage, but only one will assure you receive the lowest price.

Directly With The Company: This typically comes in junk mail or tv commercials from companies like Colonial Penn and AARP. This will guarantee that your rates are higher than what will need to be paid. If coverage feels too easy to get then, that is a tell the price will be way too high.

Captive Agent: This agent type is tied to one single company. This means even if there is a better price elsewhere, they are contractually obligated to sell you the company they represent. This can raise your monthly premiums drastically and put you in a position of spending unneeded extra money.

Independent Agent: Representing as many companies as they choose, this agent can secure you the lowest possible price. Work with a highly respected independent agent to guarantee you find the best possible plan.

Why Willamette Life

Willamette Life is an independent agency specializing exclusively in the burial insurance market. Our agents know the policies inside and out and find you the top plan at the lowest price.

Call us at 844-576-0019

Person with three thoughts

Final Thoughts

a. How much does burial insurance cost? While the average cost is $50 – $90 a month, the price can vary drastically depending on your age, gender, health, and coverage amount. Thus, the price you pay could be more or less than the average amount.

b. Several great companies offer low monthly rates. The main objective is to find the best carrier for your unique situation as there is no one-size-fits-all solution.

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

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