Which Companies Offer Burial Life Insurance In Kentucky?
States, not the federal government, regulate the insurance industry. For that reason, final expense insurance in the USA varies from state to state.
The table below has the top burial insurance companies available in Kentucky.
Y2 50% payout,
Y3+ full benefits
How Much Does Final Expense Insurance Cost In Kentucky?
How Do Burial Insurance Plans Work?
Final expense insurance is a type of life insurance meant to pay for your funeral and other final expenses. It’s a small whole life policy with coverage options between $2,000-$50,000 with most providers.
It’s life insurance, so the final result upon the insured’s death will be a tax-free cash payment to your loved ones or a funeral home. Your family can spend the month on funeral expenses, paying off debts, covering medical bills, or addressing any other pressing financial needs.
Because it’s a whole life policy, you can rest assured that the coverage will never increase in cost, decrease in value, or expire at any age. It will also accrue cash value that the policyholder may withdraw at any time.
Final expense insurance for seniors does not require a medical exam. There are two basic options. Some policies include health questions, while others don’t.
Plans with health questions can cover you immediately for natural or accidental death. Additionally, they are the cheapest plans you can buy.
Conversely, plans without health questions are referred to as guaranteed life insurance policies. You cannot be denied coverage due to prior health conditions.
The guaranteed approval feature comes with two significant drawbacks. First, no health questions policies are more expensive. The insurer must charge more because it knows nothing about your health.
Another drawback is the two-year waiting period. If you die within the first two years, the insurer will only refund your payments plus a small amount of interest (typically 10%).
How Much Does A Funeral Cost In Kentucky?
| Service Type | Average Cost |
|---|---|
| Burial Service | $7,615 |
| Direct Burial (No Service) | $4,823 |
| Cremation Service | $5,858 |
| Direct Cremation (No Service) | $2,031 |
| Funeral with service data source: NFDA General Price List Study Direct funeral data source: Funeralocity |
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Keep in mind that your choices significantly influence the cost of your desired funeral. Funeral cost estimators can help you gauge what you’ll pay given your preferences.
The Free Look Period In Kentucky And The FTC Funeral Rule
The state of Kentucky mandates that all life insurance policies include a free look provision that lasts ten days. During this time, you can return your policy for any reason. Furthermore, you’re entitled to a refund of any premiums paid.
On another note, the FTC’s Funeral Rule is a law that helps with the funeral planning process. Whether you want burial or cremation, this law forces funeral homes to provide you with transparent pricing (in writing) upon request.
It also entitles consumers to pick and choose which products and services they want. Finally, funeral homes must accept third-party goods such as caskets or urns.
- 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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National Funeral Directors Association. 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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state of Kentucky. https://insurance.ky.gov/ppc/Documents/lifebuyersguide111611.pdf
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FTC’s Funeral Rule. https://www.ftc.gov/news-events/topics/truth-advertising/funeral-rule
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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 07/14/2025.
- Data sourced from Choice Mutual quote calculator using a 365-day rolling average (07/18/2024-07/18/2025).
- Data sourced from 2023 NFDA General Price List Study.
