Learn which companies offer the best plans in Florida, how these policies work, see sample prices, and how much a funeral in Florida might cost.

How Much Does Funeral Insurance In Florida Cost?

Burial insurance typically costs $50-$100 per month for a $10,000 death benefit, depending on your exact age, gender, health, tobacco usage, state of residence, and how much coverage you buy.

That said, below are some sample funeral insurance quotes, or you can use this quoting tool to see custom prices from multiple providers in your state.

Age & Gender$10,000
Simplified Issue
(Monthly Rates)
$10,000
Guaranteed Acceptance
(Monthly Rates)
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$131N/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$180N/A

 

Best Final Expense Life Insurance Companies In Florida

The state of Florida handles insurance regulations rather than the federal government. For that reason, burial insurance options in the USA vary by state.

Below is a table highlighting the best final expense insurance companies in Florida.

Insurance CompanyCoverage & New
Applicant Age Limits
Policy Type, Length
& Product name
Mutual of Omaha company logoCoverage:
$2,000-$50,000
Age Range:
45-85
Whole Life Insurance
Lasts forever once issued
"Living Promise"- Level
(no waiting period)
Aetna company logoCoverage:
$2,000-$50,000
Age Range:
40-89
Whole Life Insurance
Lasts forever once issued
"Accendo"- Preferred
(no waiting period)
Aflac company logoCoverage:
$5,000-$50,000
Age Range:
45-80
Whole Life Insurance
Lasts forever once issued
"Final Expense"- Preferred
(no waiting period)
Royal Neighbors of America company logoCoverage:
$7,000-$30,000
Age Range:
50-80
Whole Life Insurance
Lasts forever once issued
"SIWL"
(no waiting period)
Foresters Financial company logoCoverage:
$5,000-$35,000
Age Range:
50-85
Whole Life Insurance
Lasts forever once issued
"PlanRight"- Preferred
(no waiting period)
Transamerica company logoCoverage:
$1,000-$50,000
Age Range:
45-85
Whole Life Insurance
Lasts forever once issued
"Immediate Solution"- Preferred
(no waiting period)
Prosperity Life Group company logoCoverage:
$5,000-$35,000
Age Range:
55-80
Whole Life Insurance
Lasts forever once issued
"New Vista"- Level
(no waiting period)
AIG company logoCoverage:
$5,000-$25,000
Age Range:
50-80
Whole Life Insurance
Lasts forever once issued
"Guaranteed Acceptance"
(2 Yr waiting period)
Liberty Bankers Life company logoCoverage:
$3,000-$40,000
Age Range:
50-80
Whole Life Insurance
Lasts forever once issued
"SIMPL"- Preferred
(no waiting period)
Gerber Life company logoCoverage:
$5,000-$25,000
Age Range:
50-80
Whole Life Insurance
Lasts forever once issued
"Guaranteed Acceptance"
(2 Yr waiting period)
American Amicable company logoCoverage:
$2,500-$50,000
Age Range:
50-85
Whole Life Insurance
Lasts forever once issued
"Senior Choice"- Immediate
(no waiting period)
Baltimore Life company logoCoverage:
$2,500-$50,000
Age Range:
45-89
Whole Life Insurance
Lasts forever once issued
"iProvide"
(no waiting period)

 

How Does Final Expense Life Insurance Work?

Burial insurance for seniors is a type of whole life insurance meant to pay for your funeral expenses.

They don’t require medical exams, and the coverage options are lower than traditional life insurance plans. Often, they are $50,000 in coverage or less.

Tip:
Burial insurance is frequently called final expense insurance or funeral insurance. There’s no difference between any of these names.

The policy’s payout is cash (tax-free) to your beneficiaries, which they can spend with no restrictions.

That means they can pay off funeral bills, medical bills, or financial debts. In addition, they get to keep any money not used for your final expenses.

The premiums for a final expense policy will never increase, and the coverage lasts forever. Also, the death benefit is guaranteed never to decrease, and cash value will grow over time.

Some plans have health questions that can offer the benefit of immediate coverage.

With those, the insurer must pay the full death benefit even if you pass away right after the policy starts.

In contrast, plans without health questions and a guaranteed acceptance provision exist. However, those always include a two-year waiting period.

If you die during that time, they will only refund your premiums plus about 10% interest.

 

How Much Does A Funeral Cost In Florida?

The National Funeral Directors Association reports that a traditional burial typically costs $7,800 for a burial service. On the other hand, a cremation usually costs $7,070 for a cremation service.

Service TypeAverage Cost
Burial Service$7,800
Direct Burial (No Service)$3,994
Cremation Service$7,070
Direct Cremation (No Service)$1,683

However, you can save a tremendous amount of money based on your preferences. For example, if you opt for a direct burial (a funeral with no services), you can substantially reduce the cost of a funeral.

Funeral cost calculators can help you accurately estimate your final expenses.

 

The Free Look Period In Florida & The FTC Funeral Rule

Florida state insurance law dictates that every policy includes a free-look provision of at least ten days. During that time, you can return your policy for any reason and get a refund of any payments. That means you can rest easy knowing that if you chose the wrong company, got scammed somehow, or just changed your mind, you can get a full refund.

Another helpful law to be cognizant of is the FTC’s Funeral Rule. It’s a federal law that applies to all states, mandating that all funeral homes furnish you with a written price list of all their goods and services. In addition, it grants the consumers the right to pick and choose what they want from a funeral home.

 

How Choice Mutual Can Help

Choice Mutual is an independent broker (agency) that partners with nearly 20 burial insurance companies.

Our objective with each customer is to shop and compare plans to find the lowest price. Our advisory services are free, and the insurance doesn’t cost more because we helped you.

So call us at 1-800-644-2926 if you want to work with an agency that specializes in final expense insurance and will find you the best deal.

There are thousands of five-star reviews from other happy customers.