Burial insurance in Ohio is a low-cost way to ensure your final expenses won’t become a financial burden to your family members.

Discover how these policies work, the cost, and the best companies in Ohio.

 

How Does Burial Expense Insurance Work?

Final expense insurance is a small face value whole life insurance plan primarily meant to pay off funeral expenses.

However, the policy pays out a cash benefit (tax-free), so your loved ones can use the money on anything, not just funeral costs.

Most final expense insurance companies offer about $2,000-$40,000 in coverage.

Tip:
It’s common to hear burial insurance referred to as “final expense insurance,” “funeral insurance,” or “end-of-life-insurance.” Understand that all these names have the same meaning.

Final expense policies don’t require a medical exam. Generally, you only need to answer some basic health questions.

At the same time, there are guaranteed acceptance final expense policies that have no health questions.

With those, you cannot be denied due to previous health conditions.

However, guaranteed issue plans all have a two-year waiting period before you’re insured for natural causes of death.

If you die during a waiting period, the life insurance company will only return your premiums plus a small amount of interest.

Policies with health questions have no waiting period and fully cover you right away.

Since these are whole life policies, the coverage will last forever, never decrease in value, and the price never changes.

Also, they build cash value that you can borrow from any time you want.

 

How Much Does Burial Insurance In Ohio Cost?

The cost of final expense coverage in Ohio is usually $50-$100 monthly for a $10,000 policy.

However, the price you’ll be charged is a function of your health, gender, exact age, tobacco usage history, and death benefit coverage you purchase.

That said, below are some example Ohio burial insurance quotes.

All prices shown are monthly.

 

AgeFemale
$10,000
No Waiting Period
(Monthly Rates)
Female
$10,000
Guaranteed Acceptance
(Monthly Rates)
Male
$10,000
No Waiting Period
(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
86-89$171-$275N/A$236-$358N/A

 

Best Final Expense Life Insurance Companies In Ohio

The federal government does not regulate or control insurance. Only states dictate insurance laws and regulations.

Because of that, burial insurance in the USA may vary from state to state.

The table below outlines some of Ohio’s top final expense insurance companies.

 

Insurance CompanyCoverage & New
Applicant Age Limits
Policy Type, Length
& Product name
Mutual of Omaha company logoCoverage:
$2,000-$40,000
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)
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:
$1,500-$35,000
Age Range:
50-80
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)
Americo company logoCoverage:
$5,000-$40,000
Age Range:
50-85
Whole Life Insurance
Lasts forever once issued
"Eagle Premier"- Level
(no 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-$25,000
Age Range:
50-80
Whole Life Insurance
Lasts forever once issued
"Silver Guard I"
(no waiting period)

 

How Much Does A Funeral Cost In Ohio?

According to the NFDA, the average funeral in Ohio costs $7,868 for a traditional burial service with a viewing.

The cost of cremation with a viewing in Ohio is roughly $6,953.

Remember that funeral costs vary according to your desires.

For example, buying your own casket versus one from a funeral home will likely save you money.

Using a funeral cost calculator to help estimate your final expenses is always helpful.

 

Know Your Rights

Nearly every life insurance policy comes with a free-look provision.

The free look clause grants you the right to refuse your policy for any reason.

Furthermore, you’re entitled to a full refund of any premiums if you exercise the free look option.

The Ohio DOI does not require policies to include a free-look provision. However, virtually every provider will voluntarily have a 10-30 day free-look period.

 

How Choice Mutual Can Help

When shopping for final expense life insurance, it’s vital that you compare multiple policies side by side to identify your best option.

If you need funeral insurance in Oho, Choice Mutual can help you find the best plan.

We are what’s called an independent broker because we freely represent nearly 20 different insurance companies.

Our goal is to match you with whichever provider offers the best policy.

Tip:
Working with independent agencies costs nothing. Also, there are no fees, and the insurance isn’t more expensive. In fact, the insurance is almost always cheaper because independent agencies compare multiple insurers on your behalf to find you the lowest price.

Additionally, it might surprise you to learn that most no waiting period burial insurance plans are only sold via agencies like us.

Most companies that sell their coverage directly, such as Colonial Penn life insurance for seniors, AARP life insurance, or AAA, make you wait two years before you’re insured for natural causes of death.

In the end, we’ll compare each company side by side to match you with the best one.

Call us at 1-800-644-2926, and one of our friendly agents will answer your questions and help you find the most affordable option.