Best Final Expense Insurance In Indiana

In this article, you’ll learn how much final expense insurance costs, the best companies in Indiana, how these plans work, and how much a funeral costs in Indiana.

How Much Does Burial Insurance Cost In Indiana?

Typically, a $10,000 burial insurance policy costs about $50-$100 per month. The price of a policy is based on your age, gender, health, tobacco usage history, and how much coverage you want.

Below you can see some sample final expense quotes for Indiana.

Best Final Expense Life Insurance Companies 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 the best final expense insurance companies in Indiana.

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 Does Burial Life 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.

Ultimately, the policy pays your beneficiaries a tax-free cash death benefit (or funeral home).

They can spend that money on your final wishes, outstanding debts, medical bills, or anything else. Additionally, any remaining money is theirs to keep.

The standard coverage options are $2,000-$50,000 with most insurance providers.

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 way it works is straightforward.

The premiums never increase, the death benefit does not decrease in value, and the policy will never expire at any age.

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?

The most recent report from the National Funeral Directors Association showed that the average burial, with a viewing, costs $7,868, and cremation costs $6,953.

It’s also important to remember that your preferences heavily influence the cost of a funeral. For example, if you forgo all memorial services, you can save significant money.

Commonly known as a “direct funeral,” if you immediately bury a body without any services, the typical cost in Indiana is $4,003.

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 contain 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.

On the federal level, the FTC Funeral Rule is a law that protects funeral planning consumers. 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 what products they want versus having to select from pre-packaged options.

How Choice Mutual Can Help

If you need a final expense policy for seniors, comparing offers from multiple insurers is critically important. That’s the only way to ensure you’re finding the best policy.

If you need funeral insurance in Indiana, Choice Mutual can compare offers from nearly 20 companies to ensure you’re getting the best deal.

We are an independent agency that partners with multiple insurance companies. Our goal is to find each client the best policy regardless of which insurance company it’s with.

Another thing to note about independent agencies is that nearly all no waiting period funeral policies are not sold directly by insurance companies.

They are typically only sold via agencies like Choice Mutual, Family First Life, or National Family Assurance.

Generally speaking, insurers like Colonial Penn that sell their coverage directly (rather than through agencies) make you wait two years before you’re insured (plus they are costly).

So if you choose to work with us, we’ll answer all your questions and find which company has the best plan for you.

Call us at 1-800-644-2926, and we’ll show you why we have over a thousand 5-star reviews online.