A burial insurance policy in Tennessee can provide immediate peace of mind knowing that unpaid funeral costs won’t burden your family.
Learn how the plans work, the cost, and the best companies in Tennessee.
How Does Final Expense Life Insurance Work?
Final expense life insurance is a policy designed to pay for your end-of-life expenses.
It’s a whole life policy typically between $2,000-$50,000 with most companies.
The payout is direct to your beneficiaries, who can spend the money on anything (not just funeral costs).
Also, any money that’s left over is theirs to keep.
Since the policy is a whole life insurance contract, it will last indefinitely. Also, the premiums remain locked in, and it will build cash value that you withdraw whenever you want.
No medical exams are required to qualify, and you typically only have to answer some basic health questions.
At the same time, some policies offer guaranteed acceptance. Those don’t have health questions, and you cannot be denied due to previous medical issues.
Plans without health questions are much more expensive and always have a two-year waiting period. Death of natural causes during the waiting period will only result in a refund of your premiums.
However, plans with health questions (if approved) have no waiting period.
How Much Does Funeral Insurance In Tennessee Cost?
Funeral insurance in Tennessee will generally cost about $50-$100 monthly for a $10,000 death benefit.
The exact rate you pay is based solely on your age, gender, health, and the amount of coverage you select.
The table below has some sample monthly burial insurance quotes for Tennessee.
| Age | Female $10,000 Simplified Issue (Monthly Rates) | Female $10,000 Guaranteed Acceptance (Monthly Rates) | Male $10,000 Simplified Issue (Monthly Rates) | Male $10,000 Guaranteed Acceptance (Monthly Rates) |
|---|---|---|---|---|
| 45 | $22 | $28 | $27 | $33 |
| 50 | $24 | $30 | $30 | $36 |
| 55 | $27 | $38 | $35 | $45 |
| 60 | $32 | $42 | $43 | $55 |
| 65 | $41 | $51 | $54 | $66 |
| 70 | $51 | $69 | $70 | $89 |
| 75 | $71 | $98 | $99 | $121 |
| 80 | $98 | $140 | $139 | $166 |
| 85 | $135 | $170 | $192 | $230 |
Best Burial Life Insurance Companies In Tennessee
The federal government doesn’t manage insurance law. It’s done at the state level.
Therefore, funeral life insurance in the USA differs from state to state.
That said, the table below outlines some of the best funeral insurance companies in Tennessee.
| Insurance Company | Coverage & New Applicant Age Limits | Policy Type, Length & Product name |
|---|---|---|
 | Coverage: $2,000-$50,000 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-$50,000 Age Range: 45-80 | Whole Life Insurance Lasts forever once issued "Final Expense"- Preferred (no waiting period) |
 | Coverage: $7,000-$30,000 Age Range: 50-80 | Whole Life Insurance Lasts forever once issued "SIWL" (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: $5,000-$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: $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-$50,000 Age Range: 45-89 | Whole Life Insurance Lasts forever once issued "iProvide" (no waiting period) |
How Much Does A Funeral Cost In Tennessee?
The NFDA reports that a funeral (with burial, vault, and viewing) costs about $10,000.
With a viewing, the cost of cremation is about $7,000.
However, if you forgo the memorial services, you can save a lot of money.
Funerals without services of any kind are called “direct burial” or “direct cremation.”
Below is an analysis of funeral costs in Tennessee:
- Traditional burial service with a viewing: $7,271
- Direct burial: $3,570
- Cremation service with a viewing: $6,314
- Direct cremation: $1,933
Know Your Rights
In Tennessee, Title 56 of the insurance code mandates that all life insurance contracts include a 10-day free look provision.
That clause grants you the right to return a policy for any reason. Also, you’re entitled to a full refund of any money that may have been paid.
So know that if you buy a new final expense policy and change your mind, you can cancel it and get your initial premium refunded.
How Choice Mutual Can Help
Choice Mutual is an independent agency that works with over 15 different final expense insurance companies.
We will compare policies from all the top companies in your state to ensure you get the best deal possible.
Also, when you work with an independent agency like us, you gain access to final expense policies without a waiting period.
Companies that sell their coverage directly (Globe Life, Colonial Penn, AAA) almost always have a two-year waiting period plus a higher cost.
If you need senior burial insurance in Tennessee, call us at 1-800-644-2926, and one of our agents will assist you.
