Ohio Funeral Insurance: 12 Questions You Need Answers To

Ohio Funeral Insurance
Ohio Funeral Insurance: 12 Questions You Need Answers To

In the Buckeye State, there is a lot to be thankful for. This includes the beautiful shores of Lake Erie to all that Cincinnati has to offer and everywhere in between.

What most people do not think about is who will pay for their inevitable funeral expenses. This can be a sudden and stressful cost for family members during a time of mourning.

Final expense insurance for seniors can assist in paying for this financial obligation.

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12 Questions You Need Answered About Ohio Funeral Insurance

1. What is Ohio Funeral Insurance?

Funeral insurance is a type of whole life insurance marketed using three different names to describe the intent of the coverage.

  • Final Expense Insurance
  • Burial Insurance
  • Funeral Insurance

Every whole life policy has the following three features.

Price Lock: The price will never increase.

Coverage Lock: The coverage amount will never decrease, and the policy will never expire.

Builds Cash Value: You can borrow money from your policy. For every payment you make, a portion will go towards the cash value.

2. What Makes Funeral Insurance Different From Other Life Insurance Products?

Several benefits come along with a burial life insurance policy when compared to traditional policies. These features make funeral coverage a great idea for many seniors across Ohio.

Affordability: The final expense coverage amounts are smaller than traditional life insurance policies. Final expense covers $2,000 to $40,000 while traditional plans begin at $50,000. The more coverage you have, the higher the premiums will be.

Simplified Underwriting: The underwriting process is simplified and can be completed entirely over the phone. Applicants will never be asked to get a medical exam.

Quick Payout: It is common for the beneficiary to receive the death benefit money within days of filing the claim.

3. What Can the Policy Payout be Used For?

While life insurance coverage is state-regulated, the Ohio government does not control what the money goes towards. The funeral insurance payout can be used to cover anything. Most often, the majority of the money goes to cover funeral services but can also be left as an inheritance or to charity.

Make sure you have a trustworthy beneficiary that knows what your final wishes are so they can spend the money how you want.

4. How Much Does an Ohio Burial Policy Cost?

Several factors go into determining the cost of burial insurance.

Age & Gender: The older someone is, the more they should expect to pay for a burial policy. Men also will incur higher rates than women due to their estimated shorter lifespan. Get pricing for your specific age on this page by using the instant final expense quote tool.

Health: Health plays a vital role in qualifying for final expense coverage. The healthier an applicant is, the more plan options will be available to them. Smoking and tobacco use also plays into the pricing as most life insurance companies have higher rates for those who use tobacco.

Company: Each insurance provider determines its own costs. The costs are largely affected by the leniency of the pre-determined underwriting standards. Seniors looking for burial insurance should compare quotes from several companies before applying.

5. How Much is a $10,000 Life Insurance Policy in Ohio?

The price chart below shows the price range that seniors in Ohio can expect to pay for a $10,000 life insurance policy. The range of prices accounts for the various health statuses that an Ohioan might have. Again, the lower the price, the healthier the applicant needs to be to qualify.

Ohio Monthly Premium Range

$10,000 Death Benefit

Non-Smoking Quotes

Age Female Male
45 $23 – $34 $27 – $47
50 $24 – $39 $31 – $56
55 $28 – $47 $36 – $61
60 $33 – $54 $44 – $68
65 $41 – $66 $56 – $91
70 $53 – $80 $75 – $106
75 $72 – $116 $100 – $150
80 $98 – $190 $140 – $232
85 $136 – $220 $193 – $312

6. How Do I Qualify for Ohio Burial Insurance?

There are 4 types of final expense insurance coverage. The health of the applying senior will largely determine what they can qualify for. However, each company sets its own underwriting criteria for pre-existing conditions, so it varies.

For example, some insurance companies will accept people with diabetic complications for immediate coverage, while others will impose a waiting period.

Four Types of Plans

Level: Accepts healthy seniors with no waiting period and lowest prices

Graded: Accepting individuals who have minor health complications with a waiting period and increased prices

Modified: Accepts seniors who have more serious health conditions with a waiting period and higher prices

Guaranteed Issue: Accepting people who have experienced recent or chronic major health issues with a waiting period and higher prices

7. Why Do Some Ohio Burial Insurance Plans Make You Wait for Coverage?

Immediate coverage burial insurance requires applicants to answer a wide range of medical questions. However, most seniors can qualify for these policies, and it may just take a little more searching, depending on your health.

Graded, modified, and guaranteed issue policies enforce a waiting period because of the insurance company’s perceived risk. They agree to insure an individual with health risks. In return, they ask that the individual pays a higher monthly price with a more restricted policy structure. The typical waiting period lasts two years.

How Waiting Periods Work: If the insured dies during the waiting period, the beneficiary will receive a portion of the coverage amount. If the insured dies after the waiting period has ended, the beneficiary will get the full death benefit.

8. How Old Can I Be & Still Qualify for Coverage?

Most final expense insurance companies will award coverage to people age 50 – 80. Occasionally you can find companies that will provide initial burial coverage to seniors over 80.

As a reminder, coverage never expires; this section is addressing the initial age upon policy application.

9. Can I Purchase a Final Expense Policy for my Parents Who Live in Ohio?

You can purchase a final expense policy for a parent, grandparent, spouse, sibling, or other loved one. There are specific requirements that need to be met throughout the process. The proposed insured needs to be involved in obtaining life insurance coverage.

10. Is There Funeral Assistance for Low-Income Families in Ohio?

Help with funeral costs varies by county in Ohio as there is not a state assistance program. Instead, each township or municipality is responsible for paying for the cremation or burial of indigent persons.

11. How Do You Buy Ohio Final Expense Insurance?

There are many options when it comes to purchasing Ohio final expense insurance coverage. Seniors can work with a captive or independent insurance agency.

Captive Agent: This type of agent is contracted with one life insurance company to sell its products. This greatly limits the final expense policies they can show you.

Independent Agent: Most independent insurance agents represent several life insurance companies, giving the customer many more options to chose from. Having more options allows the agent to compare pricing, underwriting, and policy structure on behalf of the client to determine which is best.

12. Why Work With Willamette Life?

Willamette Life focuses exclusively on small affordable policies meant to cover funeral expenses. This gives us the upper hand in finding a policy for your specific health concerns and policy needs.

Speak with a Willamette Life agent who can assist with finding the plan that is best for you. Our agents will also assist with completing the application. Since everyone has different medical concerns, finding the best plan takes expertise and knowledge.

Call Willamette Life at 844-576-0019

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What Is The Best Burial Insurance In Ohio?

Since the best company for final expense insurance is different for everyone depending on their health, there are three main things that applicants need to look for before getting a policy.

Cost: Make sure that you will be able to afford the monthly premiums for the foreseeable future. The cost will never increase, but your other expenses might. The policy will only stay in force as long as your pay the premiums.

Company:  Apply with a company that has a high financial rating. Third-party organizations review insurance companies to verify their financial strength. Work with an insurance provider that has a B+ or better rating.

Coverage: Getting coverage that begins as soon as possible is important. If you cannot qualify for a policy with immediate coverage, never agree to a waiting period lasting more than two years. Two years is the maximum amount of time that someone should wait, even if they are in very poor health.

Ohio Burial Expenses & Statistics

Average funeral costs can range over a wide variety of price points. Funeral expenses depend on selecting a casket or urn, type of service, funeral homes, and more.

While the majority of burials are done in established cemeteries, home burials are allowed in Ohio. However, you should confirm with local zoning ordinances prior. Burial on private property should be recorded and filed with the deed for future knowledge of the property.

What is the Average Cost of a Funeral in Ohio?

The average traditional burial service in Ohio is $7,049, and the average cremation is $5,777. These price estimates do not include a headstone, grave marker, cemetery plot, or columbarium. Funeral charges vary by the funeral home, so calling around to price-check could save a lot of money.




Athens $6,970 $5,760
Canton $6,965 $5,648
Cincinnati $7,170 $5,920
Cleveland $7,421 $6,090
Columbus $6,737 $5,422
Dayton $6,678 $5,528
Lima $7,855 $6,537
Sandusky $7,161 $5,836
Toledo $6,672 $5,502
Youngstown $6,862 $5,525
State Average $7,049 $5,777

Cremation in Ohio

According to the National Funeral Directors Association, in 2020, the Ohio cremation rate was 51%, with an estimated 66.7% by 2030.

Unlike several other states, Ohio has no laws that dictate where you can scatter or store ashes. However, you should keep in mind the federal laws regarding scattering ashes by air, at sea, or on federal land.

Ohio Lifespan Statistics

The average age of death in the state of Ohio is 74.3 for males and 79.6 for females. This, unfortunately, is younger than the national average of 76.3 and 81.4 for men and women, respectively.

Causes of Death in Ohio

Listed below are the top ten leading causes of death in the state, according to the CDC.

  1. Heart Disease
  2. Cancer
  3. Accidents
  4. Chronic Lower Respiratory Disease
  5. Stroke
  6. Alzheimer’s Disease
  7. Diabetes
  8. Flu/Pneumonia
  9. Kidney Disease
  10. Septicemia

Within relationships with family, friends, and acquaintances, we all know someone who has struggled with one of these health conditions.

Individuals need to be prepared for what is coming and create a plan to leave loved ones in a position to celebrate their life and not be financially burdened by it.

Final Thoughts

a. Ohio Funeral Insurance can be extremely affordable and a wonderful option for you and your family. There are many different plans, but it is best to apply for a policy with immediate coverage.

b. Always speak with an agent with access to multiple companies when looking for final expense coverage. Every carrier and plan will accept different health conditions; you need an expert who clearly understands the different carriers to assist you best.

c. With the cost of funeral insurance increasing the older you get, it is in your best interest to lock in a policy sooner rather than later.

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