Burial insurance in Texas is an affordable way to obtain peace of mind knowing you won’t leave a financial burden on your loved ones.

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

 

How Do Texas 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-$40,000 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 is a 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 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 table that shows some price estimates.

 

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 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-$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 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.

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 preferences.

 

How Long Is The Free Look Period In Texas?

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.

This insurance provision ensures you have the opportunity to review your policy to ensure it suits your needs.

Also, this law protects you from unscrupulous agents who attempt to defraud you.

 

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, use our free insurance quotes tool to start, or call us at 1-800-644-2926.