Which Companies Offer Burial Insurance Policies In New Mexico?
Given that states regulate insurance companies, final expense policies in the USA differ by state. That said, you can see which insurance providers offer policies in New Mexico.
How Much Does A Final Expense Policy Cost In New Mexico?
Burial insurance premiums vary based on your state of residence, age, gender, the amount of coverage, and health history. That said, below are sample quotes, but remember that your price may differ from these depending on the aforementioned factors.
How Do Burial Expense Insurance Plans Work?
Final expense policies are whole life insurance plans designed to pay for all your final expenses (funeral costs, medical bills, debts, or anything else). When you die, the insurer will pay out the death benefit in the form of cash directly to the beneficiaries you chose. They can spend the money on any expense and keep any leftover funds.
Some policies are “simplified issue” which means you must answer health questions to qualify. If approved, there is no waiting period, which means you’re fully insured for natural or accidental death once the policy begins.
On the flip side, some policies don’t require you to answer health questions because the insurer guarantees your acceptance (they literally know nothing about your health history). Because they guaranteed your approval, there will be a 24-month waiting period. During this time, death will result in a refund of premiums rather than the payment of the death benefit.
Being whole life policies, burial insurance plans will never have a premium increase, and the coverage is guaranteed to remain in force for your entire life.
How Much Does A Funeral Cost In New Mexico?
| Service Type | Average Cost |
|---|---|
| Burial Service | $7,390 |
| Direct Burial (No Service) | $4,757 |
| Cremation Service | $5,505 |
| Direct Cremation (No Service) | $1,935 |
| Funeral with service data source: NFDA General Price List Study Direct funeral data source: Funeralocity |
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The Free Look Period In New Mexico And The FTC Funeral Rule
All life insurance policies in New Mexico contain a 10-day free-look period. During the free-look period, the policy owner can cancel the policy and obtain a full refund (if any premiums have been paid). The free look provision provides peace of mind to consumers so they can rest assured that they can be made whole (financially) if they were the victim of a scam or if they simply changed their mind.
On a national level, the Federal Trade Commission established the Funeral Rule to govern funeral homes. Primarily, it requires funeral homes to provide written prices, gives consumers a choice regarding the products they want, and allows them to buy products from outside sources.
- 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.srca.nm.gov/parts/title13/13.009.0005.html
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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 08/29/2025.
- Data sourced from Choice Mutual quote calculator using a 365-day rolling average (08/29/2024-08/29/2025).
- Data sourced from 2023 NFDA General Price List Study.
