In this article, you’ll learn how these plans work, the best companies available in Texas, and how much you can expect to pay.

In addition, we’ll go over how much a funeral costs in Texas and some important state laws meant to protect you when buying insurance or planning a funeral.

How Much Does Final Expense Insurance Cost In Texas?

The typical cost of a final expense policy in Texas is about $50-$100 monthly for a $10,000 whole life policy.

The exact price will be influenced by your age, gender, health, tobacco usage (if any), and the face amount you purchase.

Below is a rate table with some price estimates, or you can use our quoting tool for custom quotes specific to Texas.

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$131N/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$180N/A
Source for monthly prices: Choice Mutual quote calculator. Rates valid as of 05/08/2024.

 

Best Funeral Insurance Companies In Texas

All insurance is regulated at the state level. Insurance providers must decide in which states they offer products.

For that reason, USA burial insurance plans vary from state to state.

Below is a table that outlines some of the best senior final expense insurance companies available in the Lone Star state.

Insurance CompanyCoverage & New
Applicant Age Limits
Policy Type, Length
& Product name
Mutual of Omaha company logoCoverage:
$2,000-$50,000
Age Range:
45-85
Whole Life Insurance
Lasts forever once issued
"Living Promise"- Level
(no waiting period)
Aetna company logoCoverage:
$2,000-$50,000
Age Range:
40-89
Whole Life Insurance
Lasts forever once issued
"Accendo"- Preferred
(no waiting period)
Aflac company logoCoverage:
$5,000-$50,000
Age Range:
45-80
Whole Life Insurance
Lasts forever once issued
"Final Expense"- Preferred
(no waiting period)
Royal Neighbors of America company logoCoverage:
$7,000-$30,000
Age Range:
50-80
Whole Life Insurance
Lasts forever once issued
"SIWL"
(no waiting period)
Foresters Financial company logoCoverage:
$5,000-$35,000
Age Range:
50-85
Whole Life Insurance
Lasts forever once issued
"PlanRight"- Preferred
(no waiting period)
Transamerica company logoCoverage:
$1,000-$50,000
Age Range:
45-85
Whole Life Insurance
Lasts forever once issued
"Immediate Solution"- Preferred
(no waiting period)
Prosperity Life Group company logoCoverage:
$5,000-$35,000
Age Range:
55-80
Whole Life Insurance
Lasts forever once issued
"New Vista"- Level
(no waiting period)
AIG company logoCoverage:
$5,000-$25,000
Age Range:
50-80
Whole Life Insurance
Lasts forever once issued
"Guaranteed Acceptance"
(2 Yr waiting period)
Liberty Bankers Life company logoCoverage:
$3,000-$40,000
Age Range:
50-80
Whole Life Insurance
Lasts forever once issued
"SIMPL"- Preferred
(no waiting period)
Gerber Life company logoCoverage:
$5,000-$25,000
Age Range:
50-80
Whole Life Insurance
Lasts forever once issued
"Guaranteed Acceptance"
(2 Yr waiting period)
American Amicable company logoCoverage:
$2,500-$50,000
Age Range:
50-85
Whole Life Insurance
Lasts forever once issued
"Senior Choice"- Immediate
(no waiting period)
Baltimore Life company logoCoverage:
$2,500-$50,000
Age Range:
45-89
Whole Life Insurance
Lasts forever once issued
"iProvide"
(no waiting period)

 

How Do Burial Insurance Plans Work?

Burial insurance is a small whole life insurance policy that does not require a medical exam to qualify.

Seniors with health conditions can still secure a new policy regardless of their pre-existing health issues.

Essentially, these plans have minimal underwriting, where your eligibility depends on how you answer a few health questions.

Alternatively, some policies have no health questions and guaranteed approval.

Be warned that life insurance with no health questions will always be more expensive and include a 24-month waiting period.

Non-accidental death during a waiting period will only result in a refund of your payments.

Coverage amounts typically range from $2,000-$50,000 with most life insurance companies.

Tip:
A burial insurance policy is also frequently known as “funeral insurance” and “final expense insurance.” Regardless of which label is used, the meaning is the same.

Because final expense life insurance for seniors is a type of whole life policy, the details are very plain. The monthly premiums will never increase; coverage doesn’t decrease.

Also, the policy will build cash value and never expire at any age.

Ultimately, the policy death benefit payout is carried out as a tax-free cash payment to your loved ones.

That provides your family members the monies necessary to carry out your final wishes.

Alternatively, you can elect to have the money paid to a funeral home.

It’s important to remember that there are no restrictions on how the money is spent.

For example, the funds can be used for end-of-life expenses, funeral services, headstone, medical bills, credit card debt, or anything else.

 

How Much Does A Funeral Cost In Texas?

According to the National Funeral Directors Association, the average funeral in Texas costs $7,334 for a burial and $6,405 for cremation. Those figures include a service.

Service TypeAverage Cost
Burial Service$7,334
Direct Burial (No Service)$3,988
Cremation Service$6,405
Direct Cremation (No Service)$2,108

It’s important to remember that the exact cost of a cremation or burial varies based on your preferences.

For example, your burial services will cost less if you opt not to have a viewing.

Using a funeral cost calculator can help you better estimate the cost of a funeral according to your needs.

 

The Free Look Period In Texas And The FTC Funeral Rule

The free look period is an insurance law that mandates that a policyholder has the right to refuse a contract for any reason.

Additionally, they are entitled to refund any premiums paid so long as they return the policy within the free look period.

The free look period in Texas lasts at least 10-20 days.

That insurance provision ensures you have the opportunity to review your policy and make changes if necessary. In addition, it protects you from unscrupulous agents who attempt to defraud you.

Another law that is helpful to be mindful of is the Federal Trade Commission’s Funeral Rule. In short, this law mandates that funeral homes provide transparent pricing (in writing) upon request. In addition, it allows you to choose which goods and services you want for a funeral.

 

How Choice Mutual Can Help

Funeral planning is something every responsible adult should do. Ensuring your burial expenses are accounted for is critically important.

Whether you need burial insurance in Houston, Texas, San Antonio, or any other part of the state, we can help you find the best policy.

We are an independent agency that partners with over 15 final expense insurance companies. Our only objective is to ensure we find the best plan for each person.

Tip:
There is no cost to work with an insurance agent. Also, insurance you buy from an independent licensed agent doesn’t cost you more because you bought it through a broker.

Nearly all immediately effective life insurance plans that have no waiting period are not sold directly by insurers. To get coverage that fully covers you immediately, you have to buy through an agency like us.

When you deal directly with insurance companies like the Colonial Penn 995 plan, they make you wait for two years before you’re insured.

We can help you qualify for a type of life insurance that fully covers you the day you make your first payment.

We have thousands of 5-star reviews online. Check our customer reviews to see how happy other clients have been after working with us.

Believe it or not, we can help seniors over 80 get life insurance up to age 89 (the policy lasts forever once issued).

If you need burial insurance in Texas, call us at 1-800-644-2926.

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.

  1. state level. https://www.iii.org/publications/commercial-insurance/how-it-functions/regulation
  2. National Funeral Directors Association. https://nfda.org/news/media-center/nfda-news-releases/id/6182/2021-nfda-general-price-list-study-shows-funeral-costs-not-rising-as-fast-as-rate-of-inflation
  3. free look period in Texas. https://www.tdi.texas.gov/pubs/consumer/cb018.html
  4. Funeral Rule. https://www.ftc.gov/news-events/topics/truth-advertising/funeral-rule