Final Expense Insurance

Looking For Burial Insurance Rates For 55 Year Olds? Your Search Is Over.

Burial Insurance Rates for 55 Year Olds

So you want to know what funeral insurance costs for a 55 year old?

You’ll find the the prices below.

Just scroll down a bit.

Article Quick Navigation Links

  1. 55 Year Old Quotes
  2. Burial Policies Explained
  3. Getting No Waiting Period Coverage


Burial Insurance Rates For 55 Year Olds

Just below you can compare burial insurance rates for a person who is 55 years old. Burial Insurance Rates for 55 Year Olds

These quotes are real and not some click bait attempt.

However, you must know these facts are you view these prices.

  • We cannot guarantee that you be approved for these quotes. Everyone must apply and be approved by the carrier.
  • In Montana they have state regulations that stipulate both male and female pay the same rate. If you are a female living in Montana, you will pay whatever rate a man pays.
  • Should you happen to use tobacco that is not a cigarette, we may be able to get you non tobacco rates with certain carriers.
  • You can purchase any death benefit amount you’d like. These are not your only option.
  • These prices would never change for the life of your policy. All final expense insurance quotes remain fixed for life.


GENDER & RATING$5,000$10,000$15,000$20,000
Female No Waiting Period$15.80$28.40$41.00$53.60
Female Tobacco & No Waiting Period$20.66$38.32$55.88$73.44
Female Guaranteed Acceptance$18.38$35.84$53.30$70.77
Male No Waiting Period$19.15$35.09$51.04$66.98
Male Tobacco No Waiting Period$25.24$47.27$69.30$91.33
Male Guaranteed Acceptance$23.51$46.11$68.70$91.30


Here’s How A Funeral Insurance Policy Works

First, you may hear the term “burial insurance”, “funeral insurance”, or “final expense insurance”.

Just know that all three labels mean the same thing.

One company may use burial insurance whereas another may use funeral insurance.

In the end, these are all just limited underwriting small face value whole life insurance policies.

Burial Insurance Rates for 55 Year Olds

Because they are whole life insurance, the details of these plans is very minimal.

  • Prices cannot increase with age.
  • Coverage cannot decrease ever.
  • Policy lasts a lifetime no matter your age.

Due to the fact that they are life insurance, the policy will simply result in a cashiers check (no taxes due) to your beneficiary.

This gives your family the money needed to pay for your end of life expenses.

If there’s any funds remaining after the funeral expenses have been paid, your family gets to keep it!

There’s no restrictions at all how the money is used.

Final life insurance for seniors never require a medical exam or a physical to apply. Most applications just require you to answer some basic health questions.

There are even some applications that have no health questions 😮. More on that in this section of this article.

One of the coolest features of burial policies is the small face amount options. You can buy as little or as much coverage as you want.

Want to be cremated and only need a little bit of coverage? No problem. You can buy as little as $2,000 in protection with most companies.

This sums up how these policies work. As you can see, they aren’t complicated.


How To Get Final Expense Life Insurance With No Waiting Period

In case you aren’t aware, here’s the definition of a waiting period when it comes to life insurance.

During a waiting period, the insurance company would not pay out a death benefit if the insured passed away for any non accidental reason. Instead, they would simply refund all payments made plus some interest.

Now, to get a life policy that has immediate coverage and no waiting period, you must apply with an insurance company where you do answer health questions and are subsequently approved.

Burial Insurance Rates for 55 Year Olds

Know this.

Any policy that has no health questions is what’s called a guaranteed acceptance plan. These policies have no medical underwriting at all.

There are no questions or prescription history checks. The insurance company literally knows nothing about the applicant’s health.

Here’s the main thing you must know about guaranteed issue plans.

All no health question policies have, at minimum, a two year waiting period.

This is why you must answer health questions to get immediate coverage.


Health Issues where you cannot avoid a waiting period

Some health issues are so high risk that no company will approve you for an immediate benefit plan.

Burial Insurance Rates for 55 Year Olds

Here are most of them. This list does not encompass all health conditions where a waiting period cannot be avoided, but this covers most of them.

  • Cancer in the last 2 years
  • Dialysis
  • Alzheimer’s or dementia
  • Currently in any kind of nursing facility (assisted living is ok)
  • Heart attack in the last 12 months
  • Full blown stroke in the last 12 months
  • ALS
  • Terminal illness
  • HIV or AIDS
  • Organ or tissue transplants
  • Angina (chest pains) in the last 12 months
  • Diabetic coma, insulin shock, or diabetic amputation in the last 12 months

The other thing to consider is having multiple health issues at once may make it impossible to avoid a waiting period.

At the end of the day, your entire health profile will determine if you can get immediate coverage or not.


Do this to give yourself the best chance at avoiding a waiting period

Every final expense insurance company accepts different health issues. No two carriers underwriting the same way.

Burial Insurance Rates for 55 Year Olds

This is the best way to ensure you find no waiting period coverage (if possible)…

The key to finding which life insurance company that will approve you for immediate coverage is by working with an independent broker who has access to multiple companies.

Independent agencies represent many different insurance companies. They are not limited to just one (such as State Farm).

They can gather information about your health and compare offers from all the various companies they represent to see if there is one that will approve you for an immediate coverage plan.

It’s critically important you work with a broker.

If you try to go this alone, you won’t succeed. Also, none of the burial insurance companies that offer immediate coverage allow clients to buy from them directly.

They only sell their policies through licensed agencies.

Just find a good independent agency that has more than 10 companies to choose from and let them go to work for you.Burial Insurance Rates for 55 Year Olds

If you need final expense coverage and would prefer to avoid a waiting period, give us a call.

We are independent and have over 15 different companies to choose from. If there is a carrier that will approve you for immediate coverage, we will find it.

Our agents are friendly and experts at this type of insurance. We will help you find the best burial insurance possible.

If you’re looking for 55 year old burial insurance (or any age), call us. Our toll free number is 1-800-644-2926.