A Florida final expense policy ensures that when you die, all your end-of-life expenses are taken care of so you don’t financially burden your family.
Learn which companies offer the best plans in Florida, how these plans work, see sample prices, and how much a funeral might cost.
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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.
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 on a final expense policy will never increase and never expire. Also, the coverage 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, there are plans without health questions and a guaranteed acceptance provision. 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 Funeral Insurance In Florida Cost?
For a $10,000 burial insurance policy, most people can expect to pay about $50-$100 per month.
However, it’s important to understand that your exact age, gender, health, tobacco usage, state of residence, and the amount of death benefit coverage calculate rates.
That said, the table below shows some sample funeral insurance quotes. All prices shown are monthly premiums.
| Age | Female $10,000 Simplified Issue (Monthly Rates) | Female $10,000 Guaranteed Acceptance (Monthly Rates) | Male $10,000 Simplified Issue (Monthly Rates) | Male $10,000 Guaranteed Acceptance (Monthly Rates) |
|---|---|---|---|---|
| 45 | $22 | $28 | $27 | $33 |
| 50 | $24 | $30 | $30 | $36 |
| 55 | $27 | $38 | $35 | $45 |
| 60 | $32 | $42 | $43 | $55 |
| 65 | $41 | $51 | $54 | $66 |
| 70 | $51 | $69 | $70 | $89 |
| 75 | $71 | $98 | $99 | $121 |
| 80 | $98 | $140 | $139 | $166 |
| 85 | $135 | $170 | $192 | $230 |
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 Company | Coverage & New Applicant Age Limits | Policy Type, Length & Product name |
|---|---|---|
 | Coverage: $2,000-$40,000 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-$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: $1,500-$35,000 Age Range: 50-80 | 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: $5,000-$40,000 Age Range: 50-85 | Whole Life Insurance Lasts forever once issued "Eagle Premier"- Level (no 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-$25,000 Age Range: 50-80 | Whole Life Insurance Lasts forever once issued "Silver Guard I" (no waiting period) |
How Much Does A Funeral Cost In Florida?
The National Funeral Directors Association says that the average traditional funeral costs about $10,000, including a vault and viewing.
They also claim that cremations cost about $7,000.
However, most consumers don’t realize that they can save a considerable amount by opting for a direct burial or cremation.
Those have no memorial services and are quite inexpensive.
Below is a breakdown of funeral costs in Florida:
- Traditional burial service with a viewing: $7,800
- Direct burial: $3,994
- Cremation service with a viewing: $7,070
- Direct cremation: $1,683
Know Your Rights
Florida state insurance law dictates that every policy includes a free-look provision of at least ten days.
During this time, you can refuse your policy for any reason and get a refund of any payments.
If you change your mind or discover that you chose the wrong company, you can get out of your policy and be entitled to a full refund.
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.
The customer is our focus-not the insurance companies.
Our advisory services are free, and the insurance policy 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.