Burial insurance in Louisiana can provide immediate peace of mind knowing that your funeral expenses won’t burden your family.
In this article, you’ll learn how these policies work, the best companies, the cost, and how much a funeral costs in Louisiana.
How Does Burial Insurance Work?
Burial insurance is a type of whole life insurance plan with very small coverage options ($2,000-$50,000) and doesn’t require a medical exam.
While the policy’s proceeds are typically meant to cover your final expenses, the money can technically be spent on anything.
That means your beneficiaries may spend the funds on funeral costs, medical bills, credit card debts, legal bills, or any other expense.
Plus, if they have any remaining money after the funeral bills are paid, they get to keep it.
In most cases, you only have to answer basic health questions to qualify. If approved, there is no waiting period.
However, some plans are guaranteed acceptance and have no health questions.
Please note that guaranteed issue life insurance plans always have a two-year waiting period. If you die in the first two years, the insurer will only refund your premiums plus roughly 10% interest.
Since burial insurance policies for seniors are a type of whole life insurance, the coverage will last indefinitely.
Also, the premiums and coverage never change, and it will build cash value you can borrow from as it grows.
How Much Does Funeral Insurance In Louisiana Cost?
The cost of funeral insurance is typically $50-$100 monthly for a $10,000 death benefit.
Remember that the premium you pay is based on your exact age, gender, health, state, tobacco usage (if any) and how much coverage you want.
Below are some sample Louisiana final expense insurance quotes (monthly).
| 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 Life Insurance Companies In Louisiana
States, not the federal government, regulate insurance companies.
For that reason, final expense insurance in the USA may vary from one state to another.
Below is a table of the best burial insurance companies in Louisiana.
| 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 Louisiana?
The average funeral costs nearly $10,000 (including a vault and viewing), according to the National Funeral Directors Association.
Generally, a cremation costs about $7,000 (with a viewing).
But you can save a hefty amount if you forgo funeral services.
A lesser-known option is what’s called a direct burial or direct cremation.
Those have no services of any kind and are much less expensive.
Below is a breakdown of funeral costs by type in Louisiana:
- Traditional burial service with a viewing: $7,334
- Direct burial: $3,979
- Cremation service with a viewing: $6,405
- Direct cremation: $2,283
Know Your Rights
Louisiana law mandates that every life insurance policy include a ten-day free look provision.
During the free look period, you can return your policy and get a full refund of any premiums you’ve paid.
So rest easy knowing that you can return a final expense policy if you change your mind.
How Choice Mutual Can Help
It’s critically important that you compare multiple providers when you’re shopping for final expense insurance.
If you need burial insurance in Louisiana, Choice Mutual is an agency that can help you.
We partner with nearly 20 insurance companies to shop and compare on your behalf to find you the best deal.
Our services come at no cost to you, and you pay more for the insurance because you bought it through an agency.
Call us at 1-800-644-2926 and find out how much money we can save you.
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