Although a burial insurance policy is available at any age between 0 and 89, it is most common to look into this type of insurance in your 50s.

This article shows you actual prices for final expense insurance at every age in your 50s.

It also describes how these plans work and offers tips for getting the best price on a policy between the ages of 50 and 59.

Why 50 Is The Magic Number For Final Expense Insurance

Although policies are available for younger people, many insurance companies have a minimum age requirement of 50 for burial insurance plans.

That means that once you hit the “big 5-0,” you’ll have more options to choose from to meet your needs.

Roughly 80% of all final expense insurance plans are only available to people who are older than 50.

Having more options means you can compare rates between more companies and find the lowest price possible on burial insurance coverage.


Costs Of Burial Insurance From Age 50 To 59

In your 50s, you will pay considerably less than people who wait until they are in their 70s or 80s. For example, a burial insurance policy at 50 will usually cost $24-$31 monthly for $10,000 in coverage. At age 59, the cost is around $31-$41 per month.

As is the case with all forms of life insurance, your precise premium will depend upon the following factors:

  • Exact age
  • Gender (except in Montana)
  • Coverage amount
  • Health
  • Tobacco usage (if any)

To break things down, below is an overview of the costs of final expense insurance for each year of your 50s. These are real and accurate rates.

However, your specific factors could yield a different price than what you see below.

For more detailed pricing, you can also use our quote tool to get an estimate based on your date of birth, state, and the amount of coverage you need.


Burial insurance rates at age 50

GENDER & RATING$5,000$10,000$15,000$20,000
Female No Waiting Period$13$24$34$45
Female Tobacco & No Waiting Period$16$31$45$58
Female Guaranteed Acceptance$17$34$51$68
Male No Waiting Period$16$30$43$56
Male Tobacco No Waiting Period$20$38$55$73
Male Guaranteed Acceptance$22$44$65$87

Burial insurance rates at age 51

GENDER & RATING$5,000$10,000$15,000$20,000
Female No Waiting Period$14$24$35$46
Female Tobacco & No Waiting Period$17$32$47$61
Female Guaranteed Acceptance$18$36$54$72
Male No Waiting Period$17$31$45$59
Male Tobacco No Waiting Period$21$39$57$75
Male Guaranteed Acceptance$24$47$70$93

Burial insurance rates at age 52

GENDER & RATING$5,000$10,000$15,000$20,000
Female No Waiting Period$14$25$36$47
Female Tobacco & No Waiting Period$18$33$49$64
Female Guaranteed Acceptance$19$39$58$77
Male No Waiting Period$17$32$46$60
Male Tobacco No Waiting Period$21$40$59$78
Male Guaranteed Acceptance$25$50$75$99

Burial insurance rates at age 53

GENDER & RATING$5,000$10,000$15,000$20,000
Female No Waiting Period $14 $26 $37 $48
Female Tobacco & No Waiting Period$19$35$51$67
Female Guaranteed Acceptance$20$40$61$81
Male No Waiting Period$17$32$47$62
Male Tobacco No Waiting Period$23$44$64$85
Male Guaranteed Acceptance$27$53$79$105

Burial insurance rates at age 54

GENDER & RATING$5,000$10,000$15,000$20,000
Female No Waiting Period$15$26$38$50
Female Tobacco & No Waiting Period$19$36$53$70
Female Guaranteed Acceptance$21$42$63$84
Male No Waiting Period$18$34$49$65
Male Tobacco No Waiting Period$24$45$67$88
Male Guaranteed Acceptance$28$55$83$110

Burial insurance rates at age 55

GENDER & RATING$5,000$10,000$15,000$20,000
Female No Waiting Period$15$27$39$51
Female Tobacco & No Waiting Period$20$38$56$73
Female Guaranteed Acceptance$22$44$65$87
Male No Waiting Period$19$35$51$67
Male Tobacco No Waiting Period$25$47$70$92
Male Guaranteed Acceptance$29$57$86$114

Burial insurance rates at age 56

GENDER & RATING$5,000$10,000$15,000$20,000
Female No Waiting Period$15$28$41$53
Female Tobacco & No Waiting Period$21$39$58$76
Female Guaranteed Acceptance$23$46$68$91
Male No Waiting Period$20$37$54$71
Male Tobacco No Waiting Period$26$49$73$96
Male Guaranteed Acceptance$30$59$88$118

Burial insurance rates at age 57

GENDER & RATING$5,000$10,000$15,000$20,000
Female No Waiting Period$16$29$42$55
Female Tobacco & No Waiting Period$22$41$60$79
Female Guaranteed Acceptance$24$47$70$93
Male No Waiting Period$21$38$56$74
Male Tobacco No Waiting Period$27$52$76$100
Male Guaranteed Acceptance$30$61$91$121

Burial insurance rates at age 58

GENDER & RATING$5,000$10,000$15,000$20,000
Female No Waiting Period$17$30$44$57
Female Tobacco & No Waiting Period$22$42$61$81
Female Guaranteed Acceptance$24$48$72$96
Male No Waiting Period$21$40$58$77
Male Tobacco No Waiting Period$28$54$79$105
Male Guaranteed Acceptance$28$54$79$123

Burial insurance rates at age 59

GENDER & RATING$5,000$10,000$15,000$20,000
Female No Waiting Period$17$31$45$59
Female Tobacco & No Waiting Period$23$43$63$84
Female Guaranteed Acceptance$25$43$63$84
Male No Waiting Period$22$41$61$80
Male Tobacco No Waiting Period$29$56$83$110
Male Guaranteed Acceptance$32$63$94$125


How Burial Insurance Policies Work

Did you know that typical funeral costs range from $1,500 to $15,000, depending on the type of service and extent of amenities?

The average funeral cost is about $10,000 for burial and $5,000 for a complete cremation service.

Burial insurance policies, also known as final expense life insurance or funeral insurance, are simple, straightforward, and easy to understand.

They are sold in small amounts, usually between $2,000 and $50,000, to help policyholders cover end-of-life expenses.

Most of the time, they are whole life insurance plans. Given that they are whole life insurance, the pertinent details are elementary.

  • Rates stay the same forever
  • Coverage never decreases
  • The policy will never terminate due to age
  • Builds equity (cash value) over time

When you pass away, your beneficiary will get a tax-free check for the amount of your death benefit. There are absolutely no restrictions on how they spend the policy proceeds.

Your beneficiary can use the money to pay for your funeral costs and keep whatever is leftover. They can also use the money to pay for anything else they see fit to support the family.


How Your Health Impacts Your Options

You can apply for two types of senior funeral insurance plans. First, some policies have health questions where your eligibility is based on your health history. And then some plans have no health questions where your acceptance is guaranteed.

Please understand that there is a big difference between these two types of coverage.

  • With health questions: If approved, the coverage has no waiting period. You’d be covered (for both accidental and natural death) the day you make your first payment. Also, these plans typically cost less per month because the insurance company knows you don’t have severe medical conditions.
  • No health questions: Your acceptance is assured, but it comes at the cost of a two-year waiting period. If you die during the waiting period, they will only refund your premiums plus a small amount of interest. Additionally, these plans generally have a higher monthly cost since the insurer takes on considerable risk, given that they know nothing about your health.

In general, most health conditions are such that you can qualify with at least one or more companies with health questions. That’s fantastic because it will lead to a plan that provides immediate peace of mind (and likely has a very low cost).

A guaranteed acceptance policy is usually only advisable if you have ultra-high-risk medical conditions preventing you from qualifying for plans with health questions.

It’s highly advisable that you speak with an experienced independent agent who can evaluate all your conditions. They can identify which insurance companies (if any) will accept all your medical conditions and approve you for a plan that covers you 100% from day one.

Independent agencies (such as Choice Mutual) represent multiple insurance companies rather than just one. They can choose from various companies to match you with whichever is best for you.


Waiting Periods For People Over 50

Some final expense insurance plans have a two-year waiting period, and some do not.

The most important thing to understand is that you must qualify for plans with no waiting period. That means you have to apply with a company where you’re answering health questions.

Most health issues are still eligible for no waiting period coverage. However, there are some health conditions where a waiting period is inevitable.

Here are some examples of health ailments where no matter where you look, there will be a waiting period:

  • Cancer in the last two years
  • Dialysis
  • Alzheimer’s or dementia
  • Currently in any kind of nursing facility (assisted living is ok)
  • Heart attack in the previous 12 months
  • Full-blown stroke in the previous 12 months
  • ALS
  • Terminal illness
  • HIV or AIDS
  • Organ or tissue transplants
  • Angina (chest pains) in the previous 12 months
  • Diabetic coma, insulin shock, or diabetic amputation in the previous 12 months

If you haven’t experienced any of those health issues, there is a high chance that you’re eligible for an immediate coverage plan.


Recommended Burial Insurance Companies For Age 50 To 59

No one senior burial insurance company can be the best option for every person. That’s because everyone’s specific situation is different from one another.

For example, people who use tobacco or nicotine that is not cigarettes may qualify for non-tobacco pricing with certain carriers.

Although there are dozens of final expense companies to choose from, certain ones are often the best options for people in their 50s. Here is an overview of three top companies that we might recommend to you as a 50- to 59-year-old.


1) Mutual of Omaha Mutual of Omaha company logo

Also known as “United of Omaha,” their final expense insurance is one of the most competitive plans in the nation.

Here are some details about their coverage:

  • Coverage options: $2,000-$40,000.
  • Age range: 45-85.
  • Is there a two-year waiting period? No.
  • Where is it sold? All states except for New York.
  • How can you apply? It’s only sold through independent agencies, such as Choice Mutual.

They offer some of the lowest-cost burial insurance in the nation. If you can qualify with Mutual of Omaha, you should take it.


2) Royal Neighbors Of AmericaRoyal Neighbors company logo

A 120-year-old company that was the first life insurance company to insure women and children, RNA has one the most amazing plans on the market.

Here are some details about their plan:

  • Face amount options: $5,000-$25,000.
  • Age range: 50-85.
  • Is there a two-year waiting period? No.
  • Where is it sold? Every state except for AK, AL, HI, LA, MA, NH, NY.
  • How can you apply? It’s only sold through independent agencies, such as Choice Mutual.

Quite honestly, no other carrier has underwriting as lenient as RNA. Their final expense coverage for people with diabetes is unmatched. Despite their lax underwriting, they still have very competitive premiums.

They are an excellent choice if you can qualify. As a bonus, they also offer all policyholders free member benefits.


3) Aetna Aetna company logo

Most notable for their health insurance, few people actually know that Aetna also provides life insurance.

They have a very unique final expense plan that is frequently an excellent option for many people.

Here are some details about their plan:

  • Face amount options: $3,000-$50,000.
  • Age range: 40-89.
  • Is there a two-year waiting period? No.
  • Where is it sold? Every state except for New York.
  • How can you apply? It’s only sold through independent agencies, such as Choice Mutual.

All around, they accept many serious health issues such as COPD or Parkinson’s (and many more).

What’s nice about them is that they offer a lot of coverage (up to $50,000 in whole life insurance protection) to people in their 50s.

So if you’re looking for more coverage or have severe health issues, Aetna is probably the best company for you.

Plus, they are one of the few companies that offer life insurance for seniors over 85.


Why work with Choice Mutual as a 50-something-year-old

Working with an independent broker, like Choice Mutual, is a great idea in your 50s if you want to save time, money, and headaches.

Independent agencies like us can compare policies from over 15 of the best funeral insurance companies to find you the best deal.

Believe it or not, most companies don’t sell directly to consumers. They only sell their policies through licensed agencies.

There is never a fee for our services, and your rate isn’t higher because you worked with a “middleman.” On the contrary, the price you pay with us will almost certainly be lower since all we do is find you the best deal.

We’ll also help you figure out the right amount of coverage based on your finances while taking inflation into account.

When it comes to getting burial insurance, time is of the essence. Many people wait until they are older or until a serious health issue arises to start looking into this type of life insurance. Sadly for them, it’s too late to get the best prices, and they unnecessarily pay much more.

It will never be cheaper to get burial insurance than it is today. In your 50’s is the perfect time to take action.

Get your instant burial insurance quote by filling out our form on this page (It just requires some basic information). Talking about death is never a pleasant experience, but we must all deal with it.

At Choice Mutual, funeral life insurance is literally all we do. You can call us at 1-800-644-2926, and one of our friendly salary-based agents will answer your questions and help you find the best plan.

Or, to learn more about why people of all ages choose us to handle their burial insurance needs, check out our many five-star customer reviews.