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. After taking into consideration the numerous respected colleges and 7 professional sports teams, Ohioans have much to be proud of.

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

Ohio funeral insurance can provide assistance paying for this financial obligation.

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12 Questions You Need Answers To

1. What is Burial Insurance?

Burial insurance is a type of whole life insurance which means it has three distinct features included.

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 are able to borrow from your policy. For every payment you make a portion will go towards the cash value.

2. What can the Policy Payout be Used for?

While life insurance coverage is state-regulated, the Ohio gov 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 funeral homes to cover their services, however, the following list is also typical of what the distribution is used for.

  • Funeral
  • Cremation
  • Memorial/Celebration of Life
  • Credit Cards
  • Charity Donations
  • Remaining Balance on a Mortgage
  • Legal Expenses
  • Remaining Car Loan Balances
  • Medical Bills
  • Post-Mortem Expenses
  • Leaving an Inheritance
  • Other Final Expenses

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

3. How do I Qualify for Coverage?

This comes down to finding a quality agency that can show you multiple plans from different carriers. Each company offers coverage for specific health conditions.

There is not a one-size-fits-all company. Finding the best plan for someone with a specific medical condition can seem like searching for a needle in a haystack, however, if you work with an independent agency that represents many companies your odds of finding a great plan increase drastically.

An agent can fill out an application with you to ensure it is completed accurately.

Four Types of Plans

Level: Healthiest of clients (no waiting period)

Graded: Individuals who have had recent minor surgeries or diagnosis

Modified: Individuals with more serious health conditions

Guaranteed Issue: Considered uninsurable due to recent or chronic major health surgeries or conditions

4. How Old can I be and Still Receive Coverage?

Initial Coverage is typically age 50 – 85 years old. Occasionally you can find companies that will give initial coverage to individuals up to the age of 90.

The two top carriers we know of are Aetna/CVS Health and Guarantee Trust Life.

Reminder: Coverage never expires, this is just addressing the initial age upon policy application.

5. How do I Know what Plan is Right for Me?

Speak with an independent agent who represents multiple carriers. This will assure you find the plan that is right for you.

Use the quote costs calculator on this page to get an estimate and an agent will be in touch.

6. Why are there Burial Insurance Plans that Make you wait for Coverage?

The reason for burial insurance plans with a waiting period is to hedge the insurance company’s risk. If they are deciding to take on an individual with higher health risks, in return, they ask that the individual pays a higher monthly price with a more restricted policy structure.

7. How do I Qualify for Immediate Coverage?

You will need to be in good to average health with no major surgeries or recent diagnoses that would cause concern to the carriers.

A recent diagnosis typically means within the past two years.

8. Can I Purchase a Policy for my Parents?

Yes, you can purchase a policy for a parent, grandparent, spouse, sibling, or other loved one. The only requirement is that the insured needs to be aware of the process, willing, and able to sign their name.

Just remember that the proposed insured needs to be involved in the process of obtaining life insurance coverage.

9. I have heard different names used for this product type, what’s the difference?

  • Final Expense Insurance
  • Funeral Insurance
  • Burial Insurance

These three names all mean the same thing, they are essentially marketing terms.

The carriers use three different names to describe and market this product type. For example, Lincoln Heritage Life calls its product Funeral Advantage and Colonial Penn refers to its very similar plan as Permanent Whole Life Insurance. It’s all in the marketing.

10. Is it Worth it for Me?

None of us know when we are going to pass away. If we did, it would be easy to calculate the exact amount of money we would pay into the policy.

The fact of the matter is insurance to cover funeral costs is meant for peace of mind knowing as long as you make the small affordable monthly payments the payout will be awarded to your beneficiary when the time comes.

11. How much will Social Security Payout?

The payout will be a maximum of $255 and you will actually need to qualify for that amount. This is nowhere near the price that is needed when honoring your life and not leaving a financial mess for friends and family.

Do not use this as your game plan.

12. How do I get a Quote and Coverage?

You have multiple options to find a price for your specific situation.

Get quotes on this page using the costs calculator. This will give you accurate quotes for your specific age.

Talk to a Willamette Life agent who can assist with finding the specific plan that is right for your life plans. Our agents can also provide assistance 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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Ohio Final Expense Statistics

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

The average traditional burial service in Ohio is $7,049

The average traditional cremation service in OH is $5,777




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

Not included in the estimated funeral costs:

  • Cost of Headstone, Monument, or Marker
  • Cemetery Property, Plot of Land, Columbarium, etc.


The average age of death in the state of Ohio is 74.6 for males and 79.2 for females.

This, unfortunately, is younger than the national average.

National Average:

  • Males 76.1
  • Females 81.1

Cause of Death

Listed below are the top 10 leading causes of death in the state.

  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 our personal 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 where they can celebrate your life and not be burdened by it.

Why Willamette Life?

Willamette Life focuses exclusively on small affordable policies meant to cover expenses at the end of one’s life. This gives us the upper hand in finding a policy for your specific health concerns and policy needs.

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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 aim for a plan with no waiting period.

b. Always speak with an independent agent when looking for this type of coverage. This is because every carrier and plan will be receptive to different health conditions, you need an expert that has a clear understanding of the different carriers to put the pieces of the puzzle into place.

c. With the cost of an average funeral getting higher and higher, it is in your best interest to lock in a policy sooner rather than later.

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