Which Companies Offer Burial Insurance In Iowa?
Because insurance is regulated at the state level, burial insurance policies in the USA vary by state. Below is a breakdown of which companies offer plans in Iowa.
How Much Does Final Expense Insurance Cost In Iowa?
Expect to pay roughly $50-$100 per month for a $10,000 burial insurance policy. Please note that your exact price may be higher or lower depending on the governing factors such as age, gender, health, and how much coverage you choose.
How Does Funeral Insurance Work?
Burial insurance (also known as final expense or funeral insurance) is a form of whole life insurance primarily designed for seniors who need a way to cover their end-of-life expenses.
While it varies by company, the most common coverage amounts start at $2,000 and top out at $50,000.
A medical exam is never required, and approvals are either instant or within a couple of days.
Many plans have no waiting period, which means you’re fully insured for natural or accidental death right away. However, some plans have a two-year waiting period. If you die during the waiting period, the insurance company will simply refund your premiums.
All types of whole life insurance have fixed premiums, and coverage is guaranteed to last forever.
How Much Does A Funeral Cost In Iowa?
| Service Type | Average Cost |
|---|---|
| Burial Service | $8,755 |
| Direct Burial (No Service) | $5,813 |
| Cremation Service | $6,713 |
| Direct Cremation (No Service) | $2,991 |
| Funeral with service data source: NFDA General Price List Study Direct funeral data source: Funeralocity |
|
The Free Look Period In Iowa And The FTC Funeral Rule
All life insurance policies sold in Iowa must include a 10-day free-look period. During this time, you can cancel the policy. Also, you’re entitled to a refund of any premiums that you may have paid.
On another note, the FTC Funeral Rule is national law to keep in mind during the funeral planning process. This law requires the following of funeral homes:
- They must provide consumers with prices (written or verbal) upon request.
- Consumers have the right to buy products from third-party providers. For example, you can buy a casket from Costco, and the funeral home must accept it.
- Funeral homes cannot require you to buy pre-packed funerals. Consumers have the right to pick and choose only what they want.
How To Get Final Expense Insurance In Iowa
Final expense insurance companies all have different prices, policy limits, terms, and conditions. Therefore, it’s critically important to compare plans from a variety of providers to find the best policy for you.
At the end of the day, you have two basic options regarding how you buy a burial insurance policy.
First, you can work with an independent licensed agent. Independent agents represent multiple companies, so they can freely compare each one to isolate the best plan for each client. By far, this is the surest way to get the lowest price and best policy terms.
The option is to try to buy directly from an insurance company. First, this is usually not an option because most life insurance companies only sell their products through licensed agents.
However, some companies do sell directly to consumers, such as Colonial Penn, a prominent example.
They may allow you to buy online, by mail, or by phone. The key point to note is that when you contact an insurer directly, they will not suggest another company that might be a better fit for you. That’s why working with an agency yields better results.
Regardless of how you buy, you’ll typically receive a printed policy in the mail within two weeks, and your coverage will begin on the day you make the first payment.
- 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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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
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10-day free-look period. https://www.legis.iowa.gov/docs/iac/rule/03-20-2024.191.15.9.pdf
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FTC Funeral Rule. https://consumer.ftc.gov/articles/ftc-funeral-rule
- Data sourced from Choice Mutual quote calculator for a 65-year-old applicant who does not use tobacco. Data is valid as of 08/28/2025.
- Data sourced from Choice Mutual quote calculator using a 365-day rolling average (08/28/2024-08/28/2025).
- Data sourced from 2023 NFDA General Price List Study.
