Final Expense Insurance

This is how much burial & final expense insurance costs

Final expense life insurance can cost $20 per month or as much as $300. What rate you pay depends on how much coverage you buy, your age, gender, and the amount of coverage.

In this article, we will show you burial insurance quotes online for ages 40-89.  Additionally, we’ll explain the different policy options and how you can find the best policy.

Topics covered in this article

 

What is burial/final expense insurance?

Burial insurance is typically a whole life insurance policy. The proceeds are usually intended for end-of-life expenses, but technically your beneficiaries can spend the money on anything.

It’s important to note that burial insurance is frequently referred to as “final expense insurance” and “funeral insurance.” All three labels mean the same thing.

Because burial policies for seniors are usually whole life insurance, the following statements thoroughly explain how they work:

  • Fixed monthly payments for life.
  • Policy can’t expire at any age.
  • The death benefit is guaranteed never to decrease.
  • Builds cash value that you can borrow from.

The most unique and valuable feature of final life expense insurance is that seniors with virtually any health issue can qualify.

You will not be declined due to common health issues like diabetes or high blood pressure. 

Another unique feature is the low coverage options. With some companies, you can buy as little as $1,000 in coverage. However, most carriers seem to have a minimum of $2,000 or $5,000.

Essentially, once the insured passes away, the insurance company will pay out the total death benefit tax-free to the beneficiary(s). That gives your loved ones the money to pay for final expenses.

If there is any money left over, it belongs to your beneficiaries to use any way they desire.

You may select any of the following as beneficiaries:

  • Children (step or adopted are acceptable)
  • Spouse
  • Parent (stepparent is acceptable)
  • Niece or nephew
  • Cousin
  • Sibling
  • Family friend
  • Grandchildren
  • Great-grandchildren
  • Aunt or Uncle
  • Funeral home
  • Pretty much any family member or person you are close with

Funeral insurance policies will never require you to undergo an exam or provide your medical records as part of the application. You will only have to answer some questions about your health.

Some policies have no health questions at all where your acceptance is guaranteed.

 

How much does burial insurance cost?

The average cost of a burial insurance policy is approximately $50-$100 per month, and the most common face amount is $10,000. Your specific premium might be higher or lower depending on your age, gender, health, and the face amount you purchase.

 

40-49-year-old final expense quotes

Burial insurance in your 40’s is very inexpensive. You can buy a lot of coverage for a meager price, as shown by the quotes below.

40 years old

GENDER & RATING$5,000$10,000$15,000$20,000
Female No Waiting Period$12.34$20.05$27.77$35.48
Female Tobacco & No Waiting Period$14.40$24.18$33.96$43.73
Female Guaranteed Acceptance$21.67$40.42$59.17$77.92
Male No Waiting Period$14.48$24.34$34.19$44.05
Male Tobacco No Waiting Period$18.78$32.94$47.10$61.25
Male Guaranteed Acceptance$26.25$49.58$72.92$96.25

41 years old

GENDER & RATING$5,000$10,000$15,000$20,000
Female No Waiting Period$12.66$20.70$28.74$36.78
Female Tobacco & No Waiting Period$14.80$24.98$35.16$45.34
Female Guaranteed Acceptance$22.08$41.25$60.42$79.58
Male No Waiting Period$14.78$24.94$35.09$45.25
Male Tobacco No Waiting Period$19.13$33.63$48.14$62.64
Male Guaranteed Acceptance$26.67$50.42$74.17$97.92

42 years old

GENDER & RATING$5,000$10,000$15,000$20,000
Female No Waiting Period$12.98$21.34$29.70$38.05
Female Tobacco & No Waiting Period$15.21$25.80$36.38$46.97
Female Guaranteed Acceptance$22.92$42.92$62.92$82.92
Male No Waiting Period$15.08$25.54$36.00$46.45
Male Tobacco No Waiting Period$19.48$34.34$49.19$64.05
Male Guaranteed Acceptance$27.50$52.08$76.67$101.25

43 years old

GENDER & RATING$5,000$10,000$15,000$20,000
Female No Waiting Period$13.29$21.96$30.63$39.29
Female Tobacco & No Waiting Period$15.60$26.57$37.54$48.51
Female Guaranteed Acceptance$23.75$44.58$65.42$86.25
Male No Waiting Period$15.38$26.14$36.90$47.66
Male Tobacco No Waiting Period$19.83$35.04$50.25$65.45
Male Guaranteed Acceptance$28.33$53.75$79.17$104.58

44 years old

GENDER & RATING$5,000$10,000$15,000$20,000
Female No Waiting Period$13.58$22.54$31.50$40.46
Female Tobacco & No Waiting Period$15.96$27.30$38.63$49.97
Female Guaranteed Acceptance$24.17$45.42$66.67$87.92
Male No Waiting Period$15.68$26.73$37.79$48.84
Male Tobacco No Waiting Period$20.18$35.73$51.29$66.84
Male Guaranteed Acceptance$28.75$54.58$80.42$106.25

45 years old

GENDER & RATING$5,000$10,000$15,000$20,000
Female No Waiting Period$12.91$22.61$32.31$41.63
Female Tobacco & No Waiting Period$16.23$28.03$39.73$51.43
Female Guaranteed Acceptance$24.58$46.25$67.92$89.58
Male No Waiting Period$15.16$27.11$38.84$50.25
Male Tobacco No Waiting Period$19.71$36.22$52.49$68.45
Male Guaranteed Acceptance$29.17$55.42$81.67$107.92

46 years old

GENDER & RATING$5,000$10,000$15,000$20,000
Female No Waiting Period$13.11$23.02$32.93$42.64
Female Tobacco & No Waiting Period$16.40$28.80$40.88$52.97
Female Guaranteed Acceptance$25.00$47.08$69.17$91.25
Male No Waiting Period$15.44$27.68$39.74$51.45
Male Tobacco No Waiting Period$19.94$36.69$53.24$69.45
Male Guaranteed Acceptance$29.58$56.25$82.92$109.58

47 years old

GENDER & RATING$5,000$10,000$15,000$20,000
Female No Waiting Period$13.30$23.40$33.50$43.59
Female Tobacco & No Waiting Period$16.51$29.55$42.02$54.48
Female Guaranteed Acceptance$25.42$47.92$70.42$92.92
Male No Waiting Period$15.77$28.34$40.64$52.65
Male Tobacco No Waiting Period$20.24$37.28$54.14$70.65
Male Guaranteed Acceptance$30.00$57.08$84.17$111.25

48 tears old

GENDER & RATING$5,000$10,000$15,000$20,000
Female No Waiting Period$13.53$23.85$34.18$44.50
Female Tobacco & No Waiting Period$16.87$30.28$43.11$55.94
Female Guaranteed Acceptance$25.83$48.75$71.67$94.58
Male No Waiting Period$16.14$29.07$41.84$54.24
Male Tobacco No Waiting Period$20.57$37.94$55.05$71.85
Male Guaranteed Acceptance$30.83$58.75$86.67$114.58

49 years old

GENDER & RATING$5,000$10,000$15,000$20,000
Female No Waiting Period$13.84$24.48$35.12$45.58
Female Tobacco & No Waiting Period$17.06$30.92$44.15$57.33
Female Guaranteed Acceptance$26.25$49.58$72.92$96.25
Male No Waiting Period$16.55$29.90$43.04$55.85
Male Tobacco No Waiting Period$20.95$38.70$56.24$73.45
Male Guaranteed Acceptance$30.83$58.75$86.67$114.58

 

 

Burial life insurance quotes for seniors over 50

Final expense insurance in your 50’s is really inexpensive. Below are some sample prices for each age.

50 years old

GENDER & RATING$5,000$10,000$15,000$20,000
Female No Waiting Period$13.94$24.67$35.40$46.14
Female Tobacco & No Waiting Period$16.97$31.29$45.20$58.72
Female Guaranteed Acceptance$14.53$28.14$41.75$55.37
Male No Waiting Period$16.18 $29.16 $42.13$55.11
Male Tobacco No Waiting Period$20.05$36.89$53.73$70.58
Male Guaranteed Acceptance$19.66$38.41$57.15$75.90

51 years old

GENDER & RATING$5,000$10,000$15,000$20,000
Female No Waiting Period$14.33 $25.45 $36.58 $47.70
Female Tobacco & No Waiting Period$17.44$32.24$47.03$61.82
Female Guaranteed Acceptance$15.17$29.43$43.68$57.93
Male No Waiting Period$16.75$30.30$43.85$57.41
Male Tobacco No Waiting Period$21.04$38.88$56.72$74.56
Male Guaranteed Acceptance$20.21$39.51$58.80$78.10

52 years old

GENDER & RATING$5,000$10,000$15,000$20,000
Female No Waiting Period$14.54 $25.88 $37.22 $48.56
Female Tobacco & No Waiting Period$18.20$33.75$49.17$64.49
Female Guaranteed Acceptance$15.86$30.80$45.74$60.68
Male No Waiting Period$17.16 $31.12 $45.08 $59.04
Male Tobacco No Waiting Period$21.85$40.50$59.15$77.80
Male Guaranteed Acceptance$20.90$40.88$60.87$80.85

53 years old

GENDER & RATING$5,000$10,000$15,000$20,000
Female No Waiting Period $14.91 $26.62 $38.33 $50.04
Female Tobacco & No Waiting Period$19.06$35.31$51.36$67.41
Female Guaranteed Acceptance$16.59$32.27$47.94$63.62
Male No Waiting Period $17.70 $32.20 $46.70 $61.20
Male Tobacco No Waiting Period$22.90$42.59$62.28$81.97
Male Guaranteed Acceptance$21.77$42.63$63.48$84.33

54 years old

GENDER & RATING$5,000$10,000$15,000$20,000
Female No Waiting Period$15.33 $27.47 $39.60 $51.73
Female Tobacco & No Waiting Period$19.69$36.73$53.77$70.11
Female Guaranteed Acceptance$17.42$33.92$50.42$66.92
Male No Waiting Period$18.41 $33.61 $48.81 $64.01
Male Tobacco No Waiting Period$23.99$44.77$65.55$86.33
Male Guaranteed Acceptance$22.64$44.37$66.09$87.82

55 years old

GENDER & RATING$5,000$10,000$15,000$20,000
Female No Waiting Period$15.80$28.40$41.00$53.60
Female Tobacco & No Waiting Period$20.66$38.32$55.88$73.44
Female Guaranteed Acceptance$18.38$35.84$53.30$70.77
Male No Waiting Period$19.15$35.09$51.04$66.98
Male Tobacco No Waiting Period$25.24$47.27$69.30$91.33
Male Guaranteed Acceptance$23.51$46.11$68.70$91.30

56 years old

GENDER & RATING$5,000$10,000$15,000$20,000
Female No Waiting Period$16.24 $29.27 $42.31 $55.34
Female Tobacco & No Waiting Period$21.23$39.57$57.75$75.93
Female Guaranteed Acceptance$19.30$37.68$56.05$74.43
Male No Waiting Period$19.83 $36.45 $53.08 $69.70
Male Tobacco No Waiting Period$26.33$49.45$72.57$95.69
Male Guaranteed Acceptance$24.34$47.76$71.18$94.60

57 years old

GENDER & RATING$5,000$10,000$15,000$20,000
Female No Waiting Period$16.63 $30.06 $43.48 $56.91
Female Tobacco & No Waiting Period$21.96$40.72$59.47$78.23
Female Guaranteed Acceptance$20.30$39.69$59.08$78.47
Male No Waiting Period$20.55 $37.91 $55.26 $72.61
Male Tobacco No Waiting Period$27.37$51.53$75.69$99.86
Male Guaranteed Acceptance$25.25$49.59$73.93$98.27

58 years old

GENDER & RATING$5,000$10,000$15,000$20,000
Female No Waiting Period$17.02 $30.83 $44.64 $58.46
Female Tobacco & No Waiting Period$22.53$41.86$61.18$80.51
Female Guaranteed Acceptance$21.36$41.80$62.24$82.68
Male No Waiting Period$21.24 $39.27 $57.30 $75.33
Male Tobacco No Waiting Period$28.41$53.61$78.82$104.02
Male Guaranteed Acceptance$26.40$51.88$77.37$102.85

59 years old

GENDER & RATING$5,000$10,000$15,000$20,000
Female No Waiting Period$17.45 $31.70 $45.95 $60.20
Female Tobacco & No Waiting Period$23.15$43.10$63.05$83.00
Female Guaranteed Acceptance$22.50$44.09$65.68$87.27
Male No Waiting Period$22.01 $40.82 $59.62 $78.43
Male Tobacco No Waiting Period$29.65$56.11$82.56$109.01
Male Guaranteed Acceptance$27.59$54.27$80.94$107.62

 

Funeral insurance rates for seniors over 60

Seniors in their 60’s can still find very affordable final expense insurance. Below are some quotes to illustrate how little it costs.

60 years old

GENDER & RATING$5,000$10,000$15,000$20,000
Female No Waiting Period $18.04 $32.87 $47.70 $62.53
Female Tobacco & No Waiting Period$23.94$44.67$65.40$86.13
Female Guaranteed Acceptance$23.57$45.14$66.70$88.27
Male No Waiting Period $22.98 $42.76 $62.53 $82.31
Male Tobacco No Waiting Period$31.11$59.02$86.92$114.83
Male Guaranteed Acceptance$28.78$56.65$84.52$112.38

61 years old

GENDER & RATING$5,000$10,000$15,000$20,000
Female No Waiting Period$18.86 $34.51 $50.17 $65.82
Female Tobacco & No Waiting Period$25.08$46.96$68.83$90.71
Female Guaranteed Acceptance$24.26$46.52$68.78$91.04
Male No Waiting Period$24.29 $45.38 $66.47 $87.56
Male Tobacco No Waiting Period$33.09$62.97$92.85$122.73
Male Guaranteed Acceptance$29.79$58.67$87.54$116.42

62 years old

GENDER & RATING$5,000$10,000$15,000$20,000
Female No Waiting Period$19.63 $36.06 $52.49 $68.92
Female Tobacco & No Waiting Period$26.22$49.24$72.26$95.28
Female Guaranteed Acceptance$25.05$48.09$71.13$94.18
Male No Waiting Period$25.55 $47.90 $70.25 $92.60
Male Tobacco No Waiting Period$35.11$67.03$98.94$130.85
Male Guaranteed Acceptance$30.85$60.78$90.70$120.63

63 years old

GENDER & RATING$5,000$10,000$15,000$20,000
Female No Waiting Period$20.46 $37.72 $54.98 $72.23
Female Tobacco & No Waiting Period$27.37$51.53$75.69$99.86
Female Guaranteed Acceptance$25.95$49.91$73.86$97.81
Male No Waiting Period$26.86 $50.52 $74.17 $97.83
Male Tobacco No Waiting Period$37.09$70.98$104.86$138.75
Male Guaranteed Acceptance$31.95$62.98$94.00$125.03

64 years old

GENDER & RATING$5,000$10,000$15,000$20,000
Female No Waiting Period$21.28 $39.36 $57.45 $75.53
Female Tobacco & No Waiting Period$28.46$53.71$78.97$104.22
Female Guaranteed Acceptance$26.98$51.97$76.95$101.93
Male No Waiting Period$28.17 $53.14 $78.11 $103.08
Male Tobacco No Waiting Period$39.12$75.04$110.95$146.87
Male Guaranteed Acceptance$33.23$65.54$97.85$130.17

65 years old

GENDER & RATING$5,000$10,000$15,000$20,000
Female No Waiting Period$22.11 $41.01 $59.91 $78.82
Female Tobacco & No Waiting Period$29.60$56.00$82.40$108.79
Female Guaranteed Acceptance$28.19$54.51$80.76$107.02
Male No Waiting Period$29.48 $55.76 $82.04 $108.31
Male Tobacco No Waiting Period$41.10$78.99$116.88$154.77
Male Guaranteed Acceptance$34.60$68.29$101.98$135.67

66 years old

GENDER & RATING$5,000$10,000$15,000$20,000
Female No Waiting Period$23.32 $43.44 $63.56 $83.68
Female Tobacco & No Waiting Period$31.37$59.54$87.71$115.88
Female Guaranteed Acceptance$29.24$57.18$84.77$112.36
Male No Waiting Period$31.27 $59.35 $87.42 $115.49
Male Tobacco No Waiting Period$43.85$84.50$125.14$165.79
Male Guaranteed Acceptance$35.84$70.77$105.69$140.62

67 years old

GENDER & RATING$5,000$10,000$15,000$20,000
Female No Waiting Period$24.53 $45.86 $67.19 $88.52
Female Tobacco & No Waiting Period$33.14$63.07$93.01$122.94
Female Guaranteed Acceptance$30.48$60.04$89.31$118.41
Male No Waiting Period$33.07 $62.93 $92.80 $122.66
Male Tobacco No Waiting Period$46.66$90.11$133.57$177.02
Male Guaranteed Acceptance$37.58$74.25$110.92$147.58

68 years old

GENDER & RATING$5,000$10,000$15,000$20,000
Female No Waiting Period$25.75 $48.29 $70.84 $93.38
Female Tobacco & No Waiting Period$34.37$66.61$98.31$130.01
Female Guaranteed Acceptance$31.81$62.70$93.59$124.18
Male No Waiting Period$34.87 $66.53 $98.19 $129.85
Male Tobacco No Waiting Period$49.42$95.63$141.84$188.06
Male Guaranteed Acceptance$39.78$78.65$117.52$156.38

69 years old

GENDER & RATING$5,000$10,000$15,000$20,000
Female No Waiting Period$27.01 $50.81 $74.61 $98.42
Female Tobacco & No Waiting Period$36.58$70.15$103.62$137.10
Female Guaranteed Acceptance$33.28$65.63$97.99$130.35
Male No Waiting Period$36.66 $70.11 $103.57 $137.02
Male Tobacco No Waiting Period$52.17$101.14$150.11$199.08
Male Guaranteed Acceptance$42.17$83.42$124.67$165.92

 

Burial insurance quotes for seniors over 70

Below are actual quotes for life insurance for seniors over 70. You can purchase more or less coverage than shown in these quotes.

70 years old

GENDER & RATING$5,000$10,000$15,000$20,000
Female No Waiting Period$28.22 $53.24 $78.26 $103.28
Female Tobacco & No Waiting Period$37.42$72.19$108.92$144.16
Female Guaranteed Acceptance$34.83$68.75$102.67$136.58
Male No Waiting Period$38.45 $73.70 $108.95 $144.20
Male Tobacco No Waiting Period$50.49$98.32$146.16$194.00
Male Guaranteed Acceptance$44.41$87.91$131.41$174.90

71 years old

GENDER & RATING$5,000$10,000$15,000$20,000
Female No Waiting Period$29.92 $56.63 $83.34 $110.06
Female Tobacco & No Waiting Period$39.26$75.87$112.47$149.08
Female Guaranteed Acceptance$36.67$72.42$108.17$143.92
Male No Waiting Period$40.78 $78.36 $115.93 $153.51
Male Tobacco No Waiting Period$53.32$103.98$154.65$205.31
Male Guaranteed Acceptance$38.33$74.66$110.99$147.32

72 years old

GENDER & RATING$5,000$10,000$15,000$20,000
Female No Waiting Period$31.66 $60.12 $88.58 $117.04
Female Tobacco & No Waiting Period$41.20$79.75$118.30$156.84
Female Guaranteed Acceptance$38.59$76.27$113.94$151.62
Male No Waiting Period$43.06 $82.92 $122.78 $162.64
Male Tobacco No Waiting Period$56.30$109.95$163.60$217.25
Male Guaranteed Acceptance$50.42$99.92$149.42$198.92

73 years old

GENDER & RATING$5,000$10,000$15,000$20,000
Female No Waiting Period$33.57 $63.93 $94.29 $124.65
Female Tobacco & No Waiting Period$43.40$84.15$124.90$165.64
Female Guaranteed Acceptance$40.65$80.39$120.13$159.87
Male No Waiting Period$45.61 $88.01 $130.42 $172.82
Male Tobacco No Waiting Period$59.67$116.70$173.72$230.75
Male Guaranteed Acceptance$54.08$107.25$160.42$213.59

74 years old

GENDER & RATING$5,000$10,000$15,000$20,000
Female No Waiting Period$35.49 $67.78 $100.07 $132.36
Female Tobacco & No Waiting Period$45.66$88.67$131.68$174.69
Female Guaranteed Acceptance$42.99$85.07$127.14$169.22
Male No Waiting Period$48.18 $93.16 $138.13 $183.11
Male Tobacco No Waiting Period$63.15$123.66$184.16$244.67
Male Guaranteed Acceptance$58.21$115.50$172.79$230.09

75 years old

GENDER & RATING$5,000$10,000$15,000$20,000
Female No Waiting Period$37.81 $72.41 $107.01 $141.62
Female Tobacco & No Waiting Period$48.54$94.43$140.31$186.20
Female Guaranteed Acceptance$45.60$90.29$134.98$179.67
Male No Waiting Period$51.37 $99.53 $147.69 $195.85
Male Tobacco No Waiting Period$67.57$132.49$197.42$262.34
Male Guaranteed Acceptance$62.79$124.49$185.74$246.98

76 years old

GENDER & RATING$5,000$10,000$15,000$20,000
Female No Waiting Period$40.73 $78.25 $115.77 $153.29
Female Tobacco & No Waiting Period$52.15$101.64$151.14$200.63
Female Guaranteed Acceptance$50.78$100.65$150.52$200.38
Male No Waiting Period$55.04 $106.87 $158.70 $210.54
Male Tobacco No Waiting Period$71.99$141.33$210.67$280.01
Male Guaranteed Acceptance$69.67$138.42$207.17$275.92

77 years old

GENDER & RATING$5,000$10,000$15,000$20,000
Female No Waiting Period$43.36 $83.51 $123.66 $163.81
Female Tobacco & No Waiting Period$55.45$108.25$161.05$213.85
Female Guaranteed Acceptance$56.16$110.31$164.47$218.62
Male No Waiting Period$58.42 $113.64 $168.86 $224.08
Male Tobacco No Waiting Period$76.61$150.58$224.54$298.51
Male Guaranteed Acceptance$71.45$140.90$210.34$279.79

78 years old

GENDER & RATING$5,000$10,000$15,000$20,000
Female No Waiting Period$45.82 $88.44 $131.06 $173.67
Female Tobacco & No Waiting Period$58.90$115.16$171.41$227.67
Female Guaranteed Acceptance$59.67$117.34$175.00$232.67
Male No Waiting Period$61.53 $119.86 $178.18 $236.51
Male Tobacco No Waiting Period$81.67$160.00$238.33$316.67
Male Guaranteed Acceptance$76.29$150.59$224.88$299.17

79 years old

GENDER & RATING$5,000$10,000$15,000$20,000
Female No Waiting Period$48.31 $93.41 $138.52 $183.62
Female Tobacco & No Waiting Period$63.31$123.01$182.72$242.42
Female Guaranteed Acceptance$63.65$125.29$186.94$248.58
Male No Waiting Period$64.72 $126.23 $187.74 $249.25
Male Tobacco No Waiting Period$85.00$166.67$248.33$330.00
Male Guaranteed Acceptance$81.79$161.57$241.36$321.14

 

Final expense insurance quotes for seniors over 80

Believe it or not, life for seniors over 80 does exist. There are even companies that offer life insurance over 85. The quotes below will give you an idea of the pricing.

80 years old

GENDER & RATING$5,000$10,000$15,000$20,000
Female No Waiting Period$50.82 $98.43 $146.05 $193.66
Female Tobacco & No Waiting Period$65.23$126.86$188.50$250.13
Female Guaranteed Acceptance$68.56$135.12$201.69$268.25
Male No Waiting Period$67.93 $132.65 $197.38 $262.11
Male Tobacco No Waiting Period$87.92$172.50$257.08$341.67
Male Guaranteed Acceptance$88.57$175.15$261.72$348.30

81 years old

GENDER & RATING$5,000$10,000$15,000$20,000
Female No Waiting Period$54.71 $106.21 $157.72 $209.22
Female Tobacco & No Waiting Period$74.27$145.34$216.40$287.47
Female Guaranteed Acceptance$73.71$145.42$217.12$288.83
Male No Waiting Period$73.10 $212.89 $212.89 $282.79
Male Tobacco No Waiting Period$106.65$210.10$313.55$417.00
Male Guaranteed Acceptance$95.68$189.37$283.05$376.73

82 years old

GENDER & RATING$5,000$10,000$15,000$20,000
Female No Waiting Period$58.58 $113.96 $169.33 $224.71
Female Tobacco & No Waiting Period$79.99$156.77$233.56$310.34
Female Guaranteed Acceptance$79.56$157.12$234.68$312.23
Male No Waiting Period$78.37 $153.54 $228.71 $303.88
Male Tobacco No Waiting Period$103.66$204.66$305.67$452.62
Male Guaranteed Acceptance$103.76$205.52$307.28$409.04

83 years old

GENDER & RATING$5,000$10,000$15,000$20,000
Female No Waiting Period$62.26 $121.31 $180.36 $239.41
Female Tobacco & No Waiting Period$85.70$168.20$250.70$333.20
Female Guaranteed Acceptance$86.87$171.74$256.61$341.47
Male No Waiting Period$83.31 $163.41 $243.52 $323.62
Male Tobacco No Waiting Period$110.93$219.20$367.22$488.56
Male Guaranteed Acceptance$121.36$240.72$360.08$479.43

84 years old

GENDER & RATING$5,000$10,000$15,000$20,000
Female No Waiting Period$65.88 $128.55 $191.23 $253.90
Female Tobacco & No Waiting Period$91.05$178.90$266.75$354.59
Female Guaranteed Acceptance$94.47$186.93$279.40$371.86
Male No Waiting Period$88.24 $173.28 $258.32 $343.36
Male Tobacco No Waiting Period$119.97$237.29$392.42$522.16
Male Guaranteed Acceptance$134.97$267.93$400.90$533.86

85 years old

GENDER & RATING$5,000$10,000$15,000$20,000
Female No Waiting Period$69.55 $135.90 $202.25 $268.60
Female Tobacco & No Waiting Period$96.45$189.70$282.95$376.20
Female Guaranteed Acceptance$103.10$204.20$305.31$406.41
Male No Waiting Period$93.18 $183.15 $273.13 $363.10
Male Tobacco No Waiting Period$141.39$279.58$417.77$555.97
Male Guaranteed Acceptance$150.43$298.86$447.30$595.73

86 years old

GENDER & RATING$5,000$10,000$15,000$20,000
Female No Waiting Period$87.41$171.32$255.24$339.15
Female Tobacco & No Waiting Period$130.07$256.64$383.21$509.77
Female Guaranteed AcceptanceN/AN/AN/AN/A
Male No Waiting Period$119.87$236.25$352.62$469.00
Male Tobacco No Waiting Period$198.62$393.75$588.87$784.00
Male Guaranteed AcceptanceN/AN/AN/AN/A

87 years old

GENDER & RATING$5,000$10,000$15,000$20,000
Female No Waiting Period$104.74$205.97$307.21$408.45
Female Tobacco & No Waiting Period$151.24$219.95$446.73$594.47
Female Guaranteed AcceptanceN/AN/AN/AN/A
Male No Waiting Period$140.09$276.67$413.26$549.85
Male Tobacco No Waiting Period$228.37$453.25$678.12$903.00
Male Guaranteed AcceptanceN/AN/AN/AN/A

88 years old

GENDER & RATING$5,000$10,000$15,000$20,000
Female No Waiting Period$122.06$240.62$359.19$477.75
Female Tobacco & No Waiting Period$172.42$341.34$510.26$679.17
Female Guaranteed AcceptanceN/AN/AN/AN/A
Male No Waiting Period$160.30$317.10$473.90$630.70
Male Tobacco No Waiting Period$258.12$512.75$767.37$1022.00
Male Guaranteed AcceptanceN/AN/AN/AN/A

89 years old

GENDER & RATING$5,000$10,000$15,000$20,000
Female No Waiting Period$139.39$275.27$411.16$547.05
Female Tobacco & No Waiting Period$193.59$383.69$573.78$763.87
Female Guaranteed AcceptanceN/AN/AN/AN/A
Male No Waiting Period$180.51$357.52$534.54$711.55
Male Tobacco No Waiting Period$287.87$572.25$856.62$1141.00
Male Guaranteed AcceptanceN/AN/AN/AN/A

 

How the insurance companies determine your cost of final expense life insurance

To answer how much burial insurance is, it’s essential to understand how insurance companies determine how much to charge for each person.

Remember, burial insurance is life insurance. Your funeral insurance cost will be a function of a few different variables.

What you pay will almost certainly not be what someone else pays (unless they are nearly identical to you).

 

1) Your gender

Being male or female is probably one of the most influential factors that determine the cost. Men will always pay more than women.

The only exception to this rule will be if you live in Montana. Due to state regulations there, both males and females pay whatever the rate for a male is.

You might be wondering why men pay more than women for life insurance. The reason is simple.

Women, on average, live much longer than men do. Therefore, they pay less for all life insurance.

 

2) Your age

Almost every burial insurance company will have a set price for each specific age. For example, they will have a price for age 51, then age 52, then age 53, and so on.

At the same time, some companies set the pricing according to an age band.

For example, they the same price for anyone aged 50-55 or age 75-80. It’s not common, but it does happen. AARP is one such company that does this.

It should be obvious, but it needs to be known that carriers will charge a higher amount the older you get. The cost of funeral insurance will increase every time you have a birthday.

Remember, though, when you get your policy, you lock in your monthly fee for life.

 

3) Your health

Most companies that sell burial insurance have their product broken down into 2-3 risk categories. Think of it as a low, medium, and high price.

Insurers will often use “Level” or “Preferred” to describe their best and least expensive health ratings.

They will usually use words like “Graded” or “Standard” to describe their middle-tier ratings. Finally, almost all of them use the word “Modified” to describe their riskiest and most expensive health rating.

You can see below an example of this from an actual funeral expense company.

 

In the end, your health will determine which risk classification you fall into, and that influences the cost heavily.

Also, your health could determine how much coverage you can buy from any given carrier.

For example, let’s say you qualify for an insurance company’s middle-tier health rating. They may only offer you up to $15,000 in coverage. That same carrier might offer someone up to $35k to someone who qualifies for their best health rating.

 

4) Tobacco usage

Each insurance company will have one price for non-tobacco users and a higher amount for tobacco users.


Important note: Some companies will grant you a non-tobacco rating if you chewsmoke a pipe, smoke e-cigarettes, or smoke cigarsCigarettes, however, are universally flagged for a tobacco rating.


Most people fully understand that smoking cigarette is a significant health risk. They greatly reduce life expectancy, which is why smokers always pay more for life insurance.

 

5) The amount of coverage you select

Ultimately, all your other factors (gender, age, tobacco usage, health) will determine an exact cost of insurance per $1,000 in coverage. After calculating that number, it’s simply a matter of multiplying it times the amount of coverage you want.

For example, let’s say your cost per $1,000 comes out to be $4.43 per month. If you want $10,000 in coverage, that will carry a total monthly premium of $44.30 per month (4.43 x 10).

It’s all proportional too. A $25K whole life policy will cost about 2.5 times what a $10k policy would.

The bottom line is that the more coverage you buy, the higher the price will be.

 

How Choice Mutual can find you the best price on your funeral insurance

 

It may come as a shock to you, but it’s the truth.

You cannot buy most burial insurance plans directly from the insurance companies.

For example, run some burial insurance quotes on this page. You will see premiums from about 15 different funeral insurance companies. Not one of those companies with no waiting period will sell you their insurance if you contact them directly.

The only exception to this rule pertains to guaranteed issue policies.

Those you can buy directly from the insurance carrier. Whether you buy a no health question policy from us or directly from the insurance company, the price will be identical.

Most people would rather pay less and have coverage that protects them immediately when possible.

Does that sound like the best value to you?

If so, you will have to apply for a burial insurance plan that has health questions. Policies that have health questions must be purchased through an agent.

If you were to call these burial insurance companies directly and ask them to sell you a policy, they would merely tell you to contact an agent.

Think we are putting you on?

Here are three phone numbers. Call them and see for yourself, and confirm we are telling you the truth.

  • Mutual of Omaha 1-800-205-8193: Tell them you want to buy their “Living Promise” policy.
  • Foresters Financial 1-800-828-1540: Tell them you want to buy their “PlanRight” policy.
  • Transamerica 1-800-797-2643: Tell them you want to buy their “Immediate Solution” policy.

The point is, you are going to work with an agent at some point. The only question is- which one will it be?

 

A winning formula you won’t find elsewhere

Here are three major reasons why Choice Mutual should be the agency you trust to help you secure your end-of-life policy.

We offer a value proposition you won’t find elsewhere.

  • We specialize in burial insurance. We believe in being seasoned experts at one craft rather than being mediocre at many. Just know that when you speak with us, we live, eat and breathe final expense insurance. There is no question about this type of insurance that we cannot answer.
  • We work with over 15 different insurance companies on your behalf. Our freedom to shop amongst multiple insurance companies is the single most significant reason why we know we can find you the best policy every time. No life insurance company is the best for everyone. That isn’t possible. Everyone’s situation is unique. Our goal would be to analyze your situation and identify which insurance company is best for you.
  • Our objective is you. We are not married to any particular insurer. You can rest assured that we will always recommend whichever policy from whichever company is truly the best value for you. 

We encourage you to read some of our Google business reviews to see what other satisfied customers have said about us.

You can also check our BBB rating to see that we maintain our accreditation and A+ rating.

When dealing with our agents, you will always receive friendly no pressure assistance. We don’t employ pushy sales tactics.

Our agents are here to answer your questions and make honest recommendations. What you do with the information you receive is up to you. We are just here to help.

FYI, you can view actual final expense insurance quotes online by using the quoting tool on this page.