Final Expense Insurance

Burial Insurance Rates for 50 Year Olds Plus Policy Details & Tips To Save

Want to know what final expense for a 50 year old costs?

You came the to the right place.

In this article, we show you actual burial life insurance rates, how these plans work, and tips to getting the best price.

Article Quick Navigation Links

  1. 50 Year Old Quotes
  2. How A Final Expense Plan Works
  3. Tips To Getting The Best Price


Sample Burial Insurance Rates For 50 Year Olds

In the section below, you will see real 50 year old funeral insurance rates. These are real prices taken direct from the carrier.Sample Burial Insurance Rates for 50 Year Olds

Please remember the following as you view these rates.

  • We cannot guarantee you will qualify for these prices.
  • In Montana, both men and women pay the same rate (prices are calculated at male rate) due to State regulations.
  • If you use a form of tobacco other than cigarettes, we may be able to get you a non tobacco rating (such as a pipe or cigar user).
  • You are not limited to these face amounts. You can have any amount of coverage you’d like. Use the quoter that is one this page to see prices for any amount of coverage you’re interested in.
  • These prices would remain the same for life once your policy is issued.


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


How These Plans Work

Burial policies are meant to take care of your funeral costs so your family won’t be burdened financially.

First and foremost, burial insurance has two other common names. “Funeral Insurance” and “Final Expense Insurance” are frequently used as well as burial insurance.

These labels all mean the same thing.


The main thing to understand is that final expense insurance is specific type of life insurance. They are always a whole life insurance plan with very lax underwriting and very small coverage options.

Whole life insurance policies are super simple and easy to understand. In three sentences you can fully understand how they work:

  • Fixed prices that can’t increase at any age
  • Coverage that lasts a lifetime (no expiration date)
  • Policy face value can’t decrease

Since it’s life insurance, the net result will be a tax-free cash payout to your beneficiary. Technically, your beneficiary can use the money for anything. There’s no restrictions or stipulations how the money is used.

A cash payout is ideal because every funeral home will take cash. So no matter what your preferences are, cash will get the job done.

If there is money leftover, it will remain with your family. Excess funds will not go to a funeral home.


Tips To Get The Best Final Expense Insurance Rates For 50 Year Olds (Or Any Age)

Want to get the best price on final expense insurance? Of course you do!

Here are two big tips to ensure you find the best plan at the best price.

Sample Burial Insurance Rates for 50 Year Olds

First Tip (The Big One)

If you take away only one piece of advice, know this…

By far the most important step you can take is to work with an independent agency that represents many different burial insurance companies (like Choice Mutual).

Only an independent agency can represent mulitple insurance companies rather than being limited to just one.

For example, lets say you talk to Farmers Insurance. They are a captive company which means their agents can only sell you Farmers Insurance.

They cannot offer you coverage from any other carrier.

What if Farmers isn’t fond of your health and declines you or places you into a high risk category?

Answer: You’re up a creek without a paddle because Farmers agents cannot offer you something else.

Now lets compare that to working with an independent agent.

An independent agency is free to shop dozens of insurance companies to see which one has the best deal for you. They will simply pivot to whichever one offers you the best price.

It’s simple and oh so powerful.

Second Tip

The second you want to do is make sure you’re working with a final expense specialist.

If you had problems with your kidneys would you want to go see your primary care doctor or would you prefer seeing a nephrologist (doctor who specializes in kidneys)?

Of course you’d want to see the specialist.

The same is true with it comes to funeral insurance.

Only a specialist will have the right carriers and expertise to help you find the best plan possible.

If you deal with an agency that is a jack of all trades, they likely won’t have the right burial insurance companies or knowledge necessary to know which one is best for you.

Third Tip

Don’t put this off. As you probably know, life insurance costs more and more the older you get. Life insurance for 80 year olds costs much more than for folks in their 50s.

The age issue aside, your health is a major factor that determines what price you’ll pay.

Lets say you put this off because you think you can wait and while, but you develop some serious health problems. Your health challenges could subject you to much higher premiums and waiting periods.

If you know you want coverage, do it now. Final expense at age 50 is very inexpensive, and it will NEVER be cheaper than it is today.