This article will cut through the lies and give you the truth.

We’ll also give you tips about finding the best policy at the lowest price.

Is There Free Burial Insurance For Seniors?

There is no such thing as free burial insurance. If you want insurance to cover your funeral, you must pay for it.

No federal or state municipality provides free government burial insurance. The only government entity that provides money (only $255) for funeral expenses is Social Security.

Thankfully, final expense policies were designed for seniors on a fixed income, so they are affordable.

Be careful not to be fooled by those false advertisements that constantly appear in the mail and on Facebook.

They typically proclaim things like “new state regulated life insurance program” or something similar.

Those are very misleading forms of advertising. If you respond to one of them, life insurance agents will be calling you day and night. They will also show up at your door.

Also, be wary of those ads on TV for the 995 plan.

Colonial Penn produces highly deceptive ads to make you think $10.00 per month will buy you a decent-sized policy. It’s a farce.

A 75-year-old male would only have $549.00 of life insurance from one $9.95 Colonial Penn unit of coverage (plus a two-year waiting period).

AARP final expense insurance isn’t much better, either. Even though they advocate for seniors, the AARP life insurance program is quite expensive compared to most other burial expense companies.


What Is Burial Insurance And How Does It Work?

Also known as final expense insurance, burial insurance is a small whole life insurance policy with affordable premiums.

Unlike most term life insurance plans, you don’t have to take a medical exam to qualify.

Your eligibility depends on your answers to a few basic health questions.

You can even buy a final expense insurance policy with no underwriting (guaranteed acceptance).

Ultimately, most people are approved within minutes of applying.

The coverage amounts typically range from $2,000-$50,000.

You can buy just the right amount of coverage needed to pay for your burial or cremation.

The monthly price will never increase, and the coverage will never decrease. Also, it’s permanent life insurance, so the policy will never expire at any age.

Upon your death, the death benefit will payout a lump sum of cash to your family members (or funeral home).

That gives your loved ones the money needed to pay for your medical bills, credit card debts, and funeral arrangements.


How Much Does Final Expense Insurance Cost?

As stated above, free final expense insurance does not exist. If you want a burial expense policy, it will generally have a monthly premium of $50-$100.

Given that the average funeral costs over $9,000, it’s not surprising that $10,000 is the most common amount of coverage purchased.

Your actual rate will depend upon your age, gender, health, and how much coverage you buy.

See these related articles for more information about the cost of burial insurance:


Which Companies Offer The Least Expensive Funeral Insurance?

All insurance companies have different coverage options and prices.

The most affordable burial insurance companies are not available through the mail or TV. The least expensive policies are sold through licensed agents.

Below are five of the best companies to consider who will likely give you the cheapest final expense insurance for seniors.

RankInsurance CompanyPolicy TypeNew Applicant Age
& Coverage Range
1Mutual of Omaha company logoWhole life insurance
(No waiting period)
Ages: 45-85
2Aetna company logoWhole life insurance
(No waiting period)
Ages: 40-89
3Royal Neighbors of America company logoWhole life insurance
(No waiting period)
Ages: 50-80
4Foresters Financial company logoWhole life insurance
(No waiting period)
Ages: 50-85
5Transamerica company logoWhole life insurance
(No waiting period)
Ages: 45-85


How Choice Mutual Can Help

To find the best burial insurance policy, comparing offers from multiple providers is beneficial.

That’s where Choice Mutual comes in.

We are an independent insurance agency that represents nearly 20 different insurance companies. Our objective is to compare prices from each carrier to ensure we match you with the best deal possible.

We partner with all the top-rated insurance companies in each state. You’ve likely heard of many of our partner carriers. Companies such as Mutual of Omaha, Aetna, and Aflac, to name a few.

You can view all the insurance carriers we collaborate with on our partners page. We don’t care which insurance company you choose. We care about finding you the best policy at the best price.

Our services don’t cost you anything; the insurance itself does not cost more because you bought it through an insurance broker.

Call us at 1-800-644-2926, and one of our friendly agents will assist you.

While there is no such thing as free funeral insurance, we can help you find the lowest price possible.

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. Social Security.
  2. average funeral costs.