Final expense insurance in New York can ensure your loved ones aren’t financially burdened when you pass away.

Learn how these policies work, the best companies in New York, and see some cost estimates.

How Does Final Expense Insurance Work?

Final expense insurance is a small whole life insurance policy to pay for end-of-life expenses.

They don’t require medical exams, and seniors with complicated health histories can still qualify.

Most policies only require you to answer a few health questions. Some plans are guaranteed acceptance and have no questions.

Opting for a guaranteed life insurance plan will be more expensive and will have a two-year waiting period.

The top burial insurance companies typically offer $2,000-$40,000 in coverage.

Sometimes burial insurance is also referred to as “final expense insurance,” “funeral insurance,” “cremation insurance,” or “end-of-life-insurance.” There is no difference between any of these labels.

Since it’s a whole life policy, the fine print is very straightforward.

The price will never change, and the death benefit will never decrease or expire.

It will also build cash value that the policyholder may withdraw at any time.

The insurance company will pay the death benefit directly to your beneficiaries or funeral home when you die.

It will be a cash payment (tax-free) that can be used on funeral expenses, medical bills, debts, or any other expenditure.

If your loved ones don’t need all the money for funeral costs, they can keep the remaining money.


Sample New York Burial Insurance Prices

The average cost of end-of-life insurance in New York is about $55-$110 per month for about $10,000 in coverage.

The price you pay is based on your exact age, gender, health, tobacco usage history, and the face amount of the policy.

Below is a table showing some sample premiums for New York.

Simplified Issue
(Monthly Rates)
Guaranteed Acceptance
(Monthly Rates)
Simplified Issue
(Monthly Rates)
Guaranteed Acceptance
(Monthly Rates)


Best Funeral Insurance Companies In New York

Insurance products are regulated by the states– not the federal government.

Because of that, final expense policies vary by state.

The most significant issue seniors have when shopping for burial insurance in New York is a severe lack of choices.

Most insurers choose not to offer their products in the state to avoid overburdensome regulations.

That said, below is a table with an overview of which final expense companies are available in New York.

Insurance CompanyCoverage & New
Applicant Age Limits
Policy Type, Length
& Product name
Transamerica company logoCoverage:
Age Range:
Whole Life Insurance
Lasts forever once issued
"Immediate Solution"- Preferred
(no waiting period)
Columbian Financial Group company logoCoverage:
Age Range:
Whole Life Insurance
Lasts forever once issued
"Dignified Choice"- Elite
(no waiting period)
Gerber Life company logoCoverage:
Age Range:
Whole Life Insurance
Lasts forever once issued
"Guaranteed Acceptance"
(2 Yr waiting period)


How Much Does A Funeral Cost In New York?

The NFDA reports that the average funeral in New York costs $8,093 for a burial and $7,463 for cremation.

But remember that the cost of a funeral or cremation varies based on your choices.

For example, you can opt not to have a viewing or service, which would reduce the cost.


Know Your Rights

Insurance law mandates that all life insurance policies include a “free look” provision.

This clause grants the policy owner the right to review and refuse a contract for any reason.

Also, if you return the policy within the free look period, the insurer must refund you any premiums paid.

The free look period in New York is a minimum of 10 days but may go as high as 30.


How Choice Mutual Can Help

Pre-planning a funeral is something everyone should do.

If you don’t, you condemn your family to plan and pay for your final wishes.

No matter where you live in New York, we can help you find the best senior final expense policy.

We are an independent broker that represents multiple insurance companies.

We aim to match each customer with whichever policy is best for them.

Using an independent agency to buy insurance is free. Additionally, the insurance does not cost more or have additional fees because you purchased through a broker.

Most funeral insurance plans with no waiting period are only sold through brokers like Choice Mutual.

Alternatively, if you buy coverage directly from insurers like Colonial Penn, they typically make you wait two years before you’re insured for natural causes of death.

Ultimately, we can answer all your questions and help you find which insurance provider will approve you for the best policy.

If you need final expense insurance in New York, call us at 1-800-644-2926.

We have thousands of positive online customer reviews.