Which Companies Offer Burial Insurance In Indiana?
States regulate life insurance rather than the federal government. For that reason, final expense insurance in the USA varies by state.
In the table below, you can see which final expense insurance companies are in Indiana.
Y2 50% payout,
Y3+ full benefits
How Much Does Final Expense Insurance Cost In Indiana?
How Does Final Expense Insurance Work?
Burial insurance (aka “funeral insurance,” “final expense insurance,” or “end-of-life insurance”) is a small whole life insurance policy meant to pay for your funeral costs. The standard coverage options range from $2,000 to $50,000 with most insurance providers.
Ultimately, the policy pays your beneficiaries a tax-free cash death benefit (or funeral home). They can spend that money on fulfilling your final wishes, paying outstanding debts, covering medical bills, or anything else. Additionally, any remaining money is theirs to keep.
Burial expense policies don’t require a medical exam to qualify. In most cases, you only need to complete a basic health questionnaire. Alternatively, some options are guaranteed acceptance, which have no health or lifestyle questions.
If you’re eligible for a policy with health questions, the coverage will have no waiting period. That means you’re fully covered from day one for natural or accidental causes of death.
Because final expense policies are a type of whole life insurance, the premiums never increase, the death benefit does not decrease in value, and the policy will never expire. They will also build cash value that you can tap into should you need cash in a bind.
How Much Does A Funeral Cost In Indiana?
| Service Type | Average Cost |
|---|---|
| Burial Service | $8,280 |
| Direct Burial (No Service) | $5,211 |
| Cremation Service | $6,120 |
| Direct Cremation (No Service) | $2,295 |
| Funeral with service data source: NFDA General Price List Study Direct funeral data source: Funeralocity |
|
The Free Look Period In Indiana And The FTC Funeral Rule
Most states mandate that every insurance policy contains a “free look” provision, which grants you the right to refuse your policy for any reason. Furthermore, if you return a policy, the insurance company must refund any premiums you paid.
The Indiana Department of Insurance requires all life insurance policies to include a 10-day free-look period.
If you, unfortunately, are the victim of a final expense insurance scam or simply change your mind, this law protects you and your money.
At the federal level, the FTC Funeral Rule is a law that protects consumers involved in funeral planning. This law requires that funeral homes provide consumers with written prices for their services upon request. It also means that consumers can pick and choose the products they want, rather than having to select from pre-packaged options.
How To Get Final Expense Life Insurance In Indiana
When buying burial insurance, it’s crucial to shop around, as each insurer has different pricing and policy terms. There is no single company that can be the best option for everyone. There are certainly companies that make that claim, but it’s not true.
For example, Mutual of Omaha Living Promise final expense insurance is often the best policy for most people. However, there are many circumstances where Mutual of Omaha is not ideal, and another company would offer a better plan in terms of price and policy conditions.
It’s also helpful to remember that most insurance providers don’t sell their policies directly to consumers. Instead, they rely on agents to sell their products.
Ideally, you should find an independent agency, such as Family First Life or Open Care Seniors, that can freely compare dozens of companies to determine which one is best 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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States. https://www.iii.org/publications/commercial-insurance/how-it-functions/regulation
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Indiana Department of Insurance. https://www.in.gov/idoi/compliance-rates-and-forms/life/life-and-annuity-review-standards/
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FTC Funeral Rule. https://www.ftc.gov/news-events/topics/truth-advertising/funeral-rule
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NFDA General Price List Study. https://nfda.org/news/media-center/nfda-news-releases/id/8134/2023-nfda-general-price-list-study-shows-inflation-increasing-faster-than-the-cost-of-a-funeral
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Funeralocity. https://www.funeralocity.com/average-funeral-price
- Data sourced from Choice Mutual quote calculator for a 65-year-old applicant who does not use tobacco. Data is valid as of 07/29/2025.
- Data sourced from Choice Mutual quote calculator using a 365-day rolling average (07/30/2024-07/30/2025).
- Data sourced from 2023 NFDA General Price List Study.
