Which Companies Offer Funeral Insurance In Minnesota?
Life insurance in the USA is governed at the state level. Therefore, policies available in one state may not be available in another. Below is a breakdown of which burial companies offer plans in Minnesota.
Y2 50% payout,
Y3+ full benefits
How Much Does Burial Expense Insurance Cost In Minnesota?
Burial insurance rates are based on several factors, including your health, the coverage amount, age, and gender.
How Do Burial Policies Work?
A burial insurance policy is a type of whole life insurance that offers easy qualification, small coverage options, and fast payouts. The ultimate goal with these policies is to pay for funeral expenses. However, the policy will eventually pay out cash to your beneficiaries, which they can spend without restrictions of any kind.
Being a whole life policy, the rates will never change; cash value accrues, and the coverage lasts for your entire life.
Qualification is very simple because no medical exam is required. In most cases, applications are approved either instantly or within a couple of business days.
Some policies have health questions which, depending on how you answer, determine if you’re approved or declined. If approved, there would be no waiting period.
On the other hand, some plans have no health questions and guaranteed approval. These policies always have a two-year waiting period. Any natural cause of death during the waiting period will result in the insurer refunding premiums plus roughly 10% interest.
How Much Does A Funeral Cost In Minnesota?
| Service Type | Average Cost |
|---|---|
| Burial Service | $8,755 |
| Direct Burial (No Service) | $5,900 |
| Cremation Service | $6,713 |
| Direct Cremation (No Service) | $2,955 |
| Funeral with service data source: NFDA General Price List Study Direct funeral data source: Funeralocity |
|
The Free Look Period In Minnesota And The FTC Funeral Rule
Under Minnesota law, all life insurance policies have a ten-day free look provision. During this time, you can cancel the policy and receive a refund of any money paid. This protects you in case you realize you were defrauded, misled, or simply changed your mind.
On another note, the FTC Funeral Rule assists consumers during the funeral planning process. In short, it requires funeral homes to provide written or verbal prices upon request. Furthermore, they must accept products from outside vendors (caskets, urns, flowers, or anything else).
They must also allow consumers to select which products and services they want rather than forcing them to choose from pre-selected funeral packages.
- Nationally licensed life insurance agent with over 16 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 16 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 20 years of experience
- Best selling Amazon author.
Jeff Root is a nationally licensed life insurance expert with over 20 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 15 years of experience
- Best selling Amazon author of five insurance sales books.
David Duford is a nationally licensed insurance expert with over 15 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 20 years of experience
- Best selling Amazon author.
Jeff Root is a nationally licensed life insurance expert with over 20 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 15 years of experience
- Best selling Amazon author of five insurance sales books.
David Duford is a nationally licensed insurance expert with over 15 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.
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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
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Funeralocity. https://www.funeralocity.com/average-funeral-price
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Minnesota law. https://www.ag.state.mn.us/consumer/publications/CoolingOffPeriod.asp
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FTC Funeral Rule. https://www.ftc.gov/system/files/documents/plain-language/565a-complying-with-funeral-rule_2020_march_508.pdf
- Data sourced from Choice Mutual quote calculator for a 65-year-old applicant who does not use tobacco. Data is valid as of 03/11/2026.
- Data sourced from Choice Mutual quote calculator using a 365-day rolling average (03/12/2025-03/12/2026).
- Data sourced from 2023 NFDA General Price List Study.
