Which Companies Offer Burial Insurance in North Carolina?
The state of North Carolina regulates the sale of life insurance within its borders. The federal government has no involvement in controlling any type of insurance.
Due to this, final expense policies in the United States vary from state to state. The table below showcases which burial insurance companies offer plans in North Carolina.
Y2 50% payout,
Y3+ full benefits
How Much Does Final Expense Insurance Cost In North Carolina?
Burial insurance prices vary based on factors such as your age, gender, health, and how much coverage you want.
How Do Burial Insurance Plans Work?
Burial insurance is a type of small face value whole life insurance policy that does not require a medical exam to qualify. The proceeds are generally earmarked for funeral costs.
However, technically, the money paid to your beneficiaries can be used for any purpose, including medical bills, credit card debts, or other expenses. If your beneficiaries don’t use all the funds for your final expenses, they keep the remaining amount to use as they see fit.
The underwriting of these policies is very lenient because the insurance companies want seniors with prior health issues to qualify. There are two basic options- guaranteed issue and simplified issue.
Simplified issue plans require you to answer health questions, whereas guaranteed issue ones do not. Generally, simplified issue plans are the least expensive and have no waiting period.
That means the insurance company must still pay out the full death benefit if you’re approved and die right after the policy starts.
However, plans with no health questions and guaranteed approval always have a two-year waiting period before you’re fully insured. If you die in the first 24 months, the insurer will only pay your beneficiaries 110% of your premiums.
Since senior funeral insurance plans are a type of whole life insurance, the fine print is minimal. The price will never change, and the coverage won’t decrease or expire. Also, they build cash value that you can borrow from as it accumulates.
How Much Does A Funeral Cost In North Carolina?
| Service Type | Average Cost |
|---|---|
| Burial Service | $8,023 |
| Direct Burial (No Service) | $4,840 |
| Cremation Service | $6,103 |
| Direct Cremation (No Service) | $1,933 |
| Funeral with service data source: NFDA General Price List Study Direct funeral data source: Funeralocity |
|
Funeral costs vary significantly depending on your preferences, such as whether you choose burial or cremation. The cost of cremation is a fair amount less than the cost of burial.
The Free Look Period In North Carolina And The FTC Funeral Rule
The North Carolina Department of Insurance mandates that life insurance companies include a ten-day free look period in their policies.
That provision entitles policyholders to return a policy for any reason and receive a full refund (if any payments have been made).
Take comfort in knowing that if you buy the wrong policy or change your mind, you can cancel it without incurring any financial loss.
Another law to be aware of is the FTC Funeral Rule. The Funeral Rule grants consumers the right to buy only the funeral services they want, rather than having to accept a prepackaged plan. Additionally, funeral homes are required to provide you with written prices upon request.
How To Get Final Expense Insurance In North Carolina
Ultimately, it’s important to compare multiple policies side by side to find the best one. Many companies offer burial insurance in North Carolina, each with its own unique pricing and policy limitations. While one company may gladly accept a person with diabetes, another may not. That’s why you must investigate multiple providers.
It’s best to work with a broker licensed in NC who can compare many companies on your behalf. However, some companies (very few) allow consumers to buy online or through the mail without having to speak with an agent.
- Nationally licensed life insurance agent with over 15 years of experience
- Personal annual production that puts him in the top .001% out of all life insurance agents in the nation.
Anthony Martin is a nationally licensed insurance expert with over 15 years of experience and has personally served over 10,000 clients with their life insurance needs. He frequently authors entrepreneurial and life insurance content for Forbes, Inc.com, Newsweek, Kiplinger, and Entreprenuer.com. Anthony has been consulted as an expert life insurance source for dozens of high-profile websites such as Forbes, Bankrate, Reuters, Fox Business, CNBC, Investopedia, Insurance.com, Yahoo Finance, and many more.
- Nationally licensed life insurance agent with over 19 years of experience
- Best selling Amazon author.
Jeff Root is a nationally licensed life insurance expert with over 19 years of experience. He has personally helped over 3000 clients with their life insurance needs. Jeff is a best-selling Amazon author and the managing partner of a highly successful insurance brokerage that manages over 2,500 licensed insurance agents across the USA. He has been a featured life insurance source for prestigious websites such as Forbes, Bloomberg, MarketWatch, Nerdwallet, and many more.
- Nationally licensed life insurance agent with over 14 years of experience
- Best selling Amazon author of five insurance sales books.
David Duford is a nationally licensed insurance expert with over 14 years of experience. He has personally helped more than 15,000 clients buy life insurance. David has been featured as an expert source for highly authoritative publications such as A.M. Best and Insurancenewsnet. He also runs one of the largest Youtube channels to help aspiring insurance agents serve their clients better.
- Nationally licensed life insurance agent with over 19 years of experience
- Best selling Amazon author.
Jeff Root is a nationally licensed life insurance expert with over 19 years of experience. He has personally helped over 3000 clients with their life insurance needs. Jeff is a best-selling Amazon author and the managing partner of a highly successful insurance brokerage that manages over 2,500 licensed insurance agents across the USA. He has been a featured life insurance source for prestigious websites such as Forbes, Bloomberg, MarketWatch, Nerdwallet, and many more.
- Nationally licensed life insurance agent with over 14 years of experience
- Best selling Amazon author of five insurance sales books.
David Duford is a nationally licensed insurance expert with over 14 years of experience. He has personally helped more than 15,000 clients buy life insurance. David has been featured as an expert source for highly authoritative publications such as A.M. Best and Insurancenewsnet. He also runs one of the largest Youtube channels to help aspiring insurance agents serve their clients better.
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.
-
North Carolina Department of Insurance. https://www.ncdoi.gov/consumers/life-insurance/faqs-about-life-insurance
-
FTC Funeral Rule. https://www.ftc.gov/news-events/topics/truth-advertising/funeral-rule
-
NFDA General Price List Study. https://nfda.org/news/media-center/nfda-news-releases/id/8134/2023-nfda-general-price-list-study-shows-inflation-increasing-faster-than-the-cost-of-a-funeral
-
Funeralocity. https://www.funeralocity.com/average-funeral-price
- Data sourced from Choice Mutual quote calculator for a 65-year-old applicant who does not use tobacco. Data is valid as of 07/14/2025.
- Data sourced from Choice Mutual quote calculator using a 365-day rolling average (07/15/2024-07/15/2025).
- Data sourced from 2023 NFDA General Price List Study.
