A Georgia final expense policy is an ideal and affordable way to cover your funeral bills so your loved ones will never have to come out of pocket for your final expenses.
Learn how these policies work, the best companies in Georgia, see sample costs, and the cost of a funeral in GA.
How Does Funeral Life Insurance Work?
Burial insurance is permanent life insurance usually meant to pay for end-of-life expenses.
However, the death benefit payout funds can technically be spent on anything.
The result when you die is a tax-free cash payout to your beneficiaries.
Your loved ones can use the money to pay for your funeral costs, medical bills, credit card debts, or anything else. Also, they get to keep any leftover money.
The coverage options on these plans are far smaller than traditional forms of life insurance. They are generally $50,000 or less with most companies.
Since final expense plans are a type of whole life insurance, the way they work is very straightforward.
The prices and coverage will never change, the coverage won’t terminate at any age, and they build cash value.
With some plans, there are health questions you must answer. If approved, those cover you immediately because they have no waiting period.
However, if you opt for a plan with no health questions (guaranteed issue), there will be a two-year waiting period.
That means if you die during the first two years, the insurance company will only refund your premiums plus interest (typically 10%).
How Much Does Burial Insurance In Georgia Cost?
On average, a senior final expense policy will cost about $50-$100 monthly for $10,000 in protection.
Your exact price will be based on your age, gender, state of residence, health, tobacco habits, and how much coverage you want.
Below is a table with some sample monthly burial insurance prices.
| 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 Final Expense Insurance Companies In Georgia
Georgia’s state insurance department governs all forms of insurance- not the federal government.
Because of that, final expense insurance in the USA varies by state.
Below is a table highlighting the best funeral insurance companies in Georgia.
| 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: 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: $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 Georgia?
$10,000 is the average cost of a funeral (burial with vault and viewing), according to the NFDA.
Also, $7,000 is the average cost of a cremation with a viewing.
If you forgo all memorial services, a direct burial or cremation is much less expensive.
Below is a breakdown of how much a funeral costs in Georgia:
- Traditional burial service with a viewing: $7,225
- Direct burial: $3,441
- Cremation service with a viewing: $6,028
- Direct cremation: $1,582
Know Your Rights
In Georgia, all life insurance policies must include a ten-day free look period.
This clause grants the policyholder the right to cancel any policy and get a full refund.
That means if you change your mind or buy the wrong policy, you can get out of it and get your money refunded to you.
How Choice Mutual Can Help
Choice Mutual can save you time and money if you’re shopping for final expense insurance.
We’re an independent agency (aka broker) that partners with nearly 20 final expense insurance companies.
We work on your behalf to find you the best deal.
We do that by comparing plans from every provider in your state to find which one will give you the best deal.
Our services come at no cost to you, and the policy doesn’t have any broker fees or a higher price because you bought through an agency.
We have thousands of five-star reviews because of our long track record of serving customers and doing what’s right for them.
Call us at 1-800-644-2926 and see what one of our agents can do for you.
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