Arkansas final expense insurance is a simple and affordable way to ensure your funeral expenses are paid for upon your passing.
Learn how these plans work, the best companies, see sample rates, and how much a funeral in AR costs.
How Does Burial Life Insurance Work?
A burial life insurance policy is a type of whole life insurance that offers small face value options and very lenient underwriting.
There are no medical exams, and most health issues will not prevent acceptance.
The proceeds from the policy are typically meant to pay for end-of-life expenses.
However, your loved ones may spend the money on anything, including medical bills, debts, or anything else.
Also, your beneficiaries may keep any leftover money.
Generally, you only have to fill out a basic health questionnaire. Plans with health questions offer no waiting period if you’re accepted.
On the flip side, there are policies without health questions. Those are called guaranteed acceptance because you can’t be denied due to pre-existing conditions.
Plans with guaranteed approval always have a two-year waiting period.
Death during the waiting period will simply result in your beneficiaries receiving the premiums you paid plus interest (10% is standard).
Senior final expense policies have a fixed cost, so the price will never rise. In addition, the coverage lasts a lifetime, and they build cash value.
How Much Does Final Expense Insurance In Arkansas Cost?
$50-$100 per month is the typical cost of a final expense policy with a $10,000 face amount.
But remember that prices are determined based on your exact age, state of residence, gender, health, lifestyle (tobacco usage), and the amount of coverage you want.
Below are some sample quotes for a final expense policy. All prices shown are monthly.
| Age & Gender | $5,000 | $10,000 |
|---|---|---|
| Female age 40 | $12 | $21 |
| Female age 45 | $13 | $23 |
| Female age 50 | $14 | $24 |
| Female age 55 | $15 | $28 |
| Female age 60 | $18 | $33 |
| Female age 65 | $22 | $41 |
| Female age 70 | $28 | $53 |
| Female age 75 | $37 | $71 |
| Female age 80 | $50 | $98 |
| Female age 85 | $70 | $136 |
| Female age 89 | $131 | N/A |
| Male age 40 | $14 | $25 |
| Male age 45 | $15 | $27 |
| Male age 50 | $17 | $31 |
| Male age 55 | $20 | $36 |
| Male age 60 | $23 | $43 |
| Male age 65 | $29 | $54 |
| Male age 70 | $37 | $70 |
| Male age 75 | $50 | $97 |
| Male age 80 | $69 | $135 |
| Male age 85 | $91 | $178 |
| Male age 89 | $180 | N/A |
| Source for monthly prices: Choice Mutual quote calculator. Rates valid as of 05/08/2024. | ||
Best Burial Insurance Companies In Arkansas
Each state regulates insurance rather than the federal government.
Because of that, burial insurance in the USA differs in each state.
Below is a table showing the best final expense insurance companies in Arkansas.
| Insurance Company | Coverage & New Applicant Age Limits | Policy Type, Length & Product name |
|---|---|---|
 | Coverage: $2,000-$50,000 Age Range: 45-85 | Whole Life Insurance Lasts forever once issued "Living Promise"- Level (no waiting period) |
 | Coverage: $2,000-$50,000 Age Range: 40-89 | Whole Life Insurance Lasts forever once issued "Accendo"- Preferred (no waiting period) |
 | Coverage: $5,000-$50,000 Age Range: 45-80 | Whole Life Insurance Lasts forever once issued "Final Expense"- Preferred (no waiting period) |
 | Coverage: $7,000-$30,000 Age Range: 50-80 | Whole Life Insurance Lasts forever once issued "SIWL" (no waiting period) |
 | Coverage: $5,000-$35,000 Age Range: 50-85 | Whole Life Insurance Lasts forever once issued "PlanRight"- Preferred (no waiting period) |
 | Coverage: $1,000-$50,000 Age Range: 45-85 | Whole Life Insurance Lasts forever once issued "Immediate Solution"- Preferred (no waiting period) |
 | Coverage: $5,000-$35,000 Age Range: 55-80 | Whole Life Insurance Lasts forever once issued "New Vista"- Level (no waiting period) |
 | Coverage: $5,000-$25,000 Age Range: 50-80 | Whole Life Insurance Lasts forever once issued "Guaranteed Acceptance" (2 Yr waiting period) |
 | Coverage: $3,000-$40,000 Age Range: 50-80 | Whole Life Insurance Lasts forever once issued "SIMPL"- Preferred (no waiting period) |
 | Coverage: $5,000-$25,000 Age Range: 50-80 | Whole Life Insurance Lasts forever once issued "Guaranteed Acceptance" (2 Yr waiting period) |
 | Coverage: $2,500-$50,000 Age Range: 50-85 | Whole Life Insurance Lasts forever once issued "Senior Choice"- Immediate (no waiting period) |
 | Coverage: $2,500-$50,000 Age Range: 45-89 | Whole Life Insurance Lasts forever once issued "iProvide" (no waiting period) |
How Much Does A Funeral Cost In Arkansas?
The NFDA reports that a traditional burial with a vault and viewing will cost nearly $10,000.
They also reported that a cremation service with a viewing costs nearly $7,000.
However, you can save a considerable amount by opting out of funeral services.
The costs are substantially lower if you go with a direct cremation or burial, which have no memorial services.
Below is an overview of how much funerals cost in Arkansas:
- Traditional burial service with a viewing: $7,334
- Direct burial: $3,264
- Cremation service with a viewing: $6,405
- Direct cremation: $1,671
Know Your Rights
The Arkansas Department Of Insurance stipulates that all life insurance contracts include a ten-day free look provision.
The free look provision entitles the policyholder the right to refuse any policy they bought and get a refund of any premiums.
That means if you buy the wrong final expense insurance policy or change your mind, you have the guaranteed right to cancel it and get a refund.
How Choice Mutual Can Help
Comparing plans from multiple insurance carriers is always helpful when trying to secure a burial insurance policy.
That’s because they all have different underwriting, prices, and policy limitations.
That’s where Choice Mutual comes in to make your life easier and save you money.
We’re an independent agency that represents over 15 different insurance companies. We partner with multiple companies to ensure we can find you a plan with no waiting period at the lowest price possible.
Our services come at no cost to you, and the insurance itself isn’t more expensive because you bought through a broker.
On the contrary, it’s a near certainty that we will save you money because we compare so many companies on your behalf.
Call us at 1-800-644-2926 and find out what we can do for you.
- Nationally licensed life insurance agent with over 15 years of experience
- Personal annual production that puts him in the top .001% out of all life insurance agents in the nation.
Anthony Martin is a nationally licensed insurance expert with over 15 years of experience and has personally served over 10,000 clients with their life insurance needs. He frequently authors entrepreneurial and life insurance content for Forbes, Inc.com, Newsweek, Kiplinger, and Entreprenuer.com. Anthony has been consulted as an expert life insurance source for dozens of high-profile websites such as Forbes, Bankrate, Reuters, Fox Business, CNBC, Investopedia, Insurance.com, Yahoo Finance, and many more.
- Nationally licensed life insurance agent with over 19 years of experience
- Best selling Amazon author.
Jeff Root is a nationally licensed life insurance expert with over 19 years of experience. He has personally helped over 3000 clients with their life insurance needs. Jeff is a best-selling Amazon author and the managing partner of a highly successful insurance brokerage that manages over 2,500 licensed insurance agents across the USA. He has been a featured life insurance source for prestigious websites such as Forbes, Bloomberg, MarketWatch, Nerdwallet, and many more.
- Nationally licensed life insurance agent with over 14 years of experience
- Best selling Amazon author of five insurance sales books.
David Duford is a nationally licensed insurance expert with over 14 years of experience. He has personally helped more than 15,000 clients buy life insurance. David has been featured as an expert source for highly authoritative publications such as A.M. Best and Insurancenewsnet. He also runs one of the largest Youtube channels to help aspiring insurance agents serve their clients better.
- Nationally licensed life insurance agent with over 19 years of experience
- Best selling Amazon author.
Jeff Root is a nationally licensed life insurance expert with over 19 years of experience. He has personally helped over 3000 clients with their life insurance needs. Jeff is a best-selling Amazon author and the managing partner of a highly successful insurance brokerage that manages over 2,500 licensed insurance agents across the USA. He has been a featured life insurance source for prestigious websites such as Forbes, Bloomberg, MarketWatch, Nerdwallet, and many more.
- Nationally licensed life insurance agent with over 14 years of experience
- Best selling Amazon author of five insurance sales books.
David Duford is a nationally licensed insurance expert with over 14 years of experience. He has personally helped more than 15,000 clients buy life insurance. David has been featured as an expert source for highly authoritative publications such as A.M. Best and Insurancenewsnet. He also runs one of the largest Youtube channels to help aspiring insurance agents serve their clients better.
Choice Mutual often cites third-party websites to provide context and verification for specific claims made in our work. We only link to authoritative websites that provide accurate information. You can learn more about our editorial standards, which guide our mission of delivering factual and impartial content.
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NFDA reports. https://nfda.org/news/media-center/nfda-news-releases/id/6182/2021-nfda-general-price-list-study-shows-funeral-costs-not-rising-as-fast-as-rate-of-inflation
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Arkansas Department Of Insurance. https://insurance.arkansas.gov/
