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Sample Burial Insurance Rates for 58 Year Olds

Written by Choice Mutual | Last updated: August 20, 2017

Sample Burial Insurance Rates for 58 Year Olds

Take a quick moment to fill out the quote tool on this page. You can easily compare rates for 58 year olds from many of the top rated final expense companies in your state. You can also call us directly at 1-800-644-2926 for personal service.

Did you know Barry White died at the young age of 58? He was undergoing dialysis and waiting for a kidney transplant. Unfortunately, he passed in July 4, 2003. Most famous for his love music, he was truly a unique and special musician. Obviously, this has nothing really to do with burial insurance. We just like to give interesting facts to liven things up a bit. With that, you are probably here to find out what burial insurance will cost at age 58. Sample Burial Insurance Rates for 58 Year OldsWell, this article has some sample burial insurance rates for 58 year olds, so it should help you with that.

For some reason, a lot of people believe that burial insurance gets really expensive once you get into your 50’s. Thankfully, this is just a myth. See for yourself by taking a look at the example prices below. You will notice there are both smoking and non smoking rates. To get a truly accurate quote, its best to speak with a Choice Mutual agent. They will find out about your health, and determine which burial insurance company will approve you and what it will cost. However, if you are just looking for a cost estimate, take a look at the burial insurance rates below.


Sample Burial Insurance Rates for 58 Year Olds

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How you can save money on your burial insurance

Everyone wants to save money on everything. This includes burial insurance among other things. Quite honestly, if you want to truly save money on your burial insurance plan, let us help you. We are an independent agency that works with all the top rated final expense companies in the nation. One of our agents will quickly diagnose your entire health profile, so they can determine which burial insurance company will be best for you.

Basically, we compare the prices for all the different companies that accept your health conditions. Then, it’s just a matter of sorting them by price to see which one is best for you and your family. It’s rather simple, but that is only because we have been doing this for a long time. At the end of the day, we can save you a ton of time and money if you tap into our expertise.

On another note, your agent will be working hard to ensure you get a plan that comes with an immediate benefit. Granted, price is an important factor that we strive to excel at, but coverage is another key element to consider. At Choice Mutual, the overwhelming majority of our clients are approved for a burial insurance plan that has no waiting period whatsoever. However, there are some health conditions where a waiting period of some kind is unavoidable. But again, it’s rare.

We encourage you to run some quotes using our quick and easy quote tool on this page. If you have some health conditions, give us a call at 1-800-644-2926, so we can give you a more accurate price. If you want to know what burial insurance will cost after your next birthday, check out this article. The cost won’t increase much, but that doesn’t mean you should wait. Health is never guaranteed and it greatly affects the price of final expense coverage.

Choosing the right amount of final expense coverage

You might be wondering how you go about determining how much final expense coverage you need. Well let’s talk about that. It’s an important question that must be answered.

For starters, you need to decide if you want a traditional burial, or a cremation. On average, a traditional burial will cost $7,000- $10,000. On the other hand, a cremation service will usually cost between $1,000 to $5,000. The exact price will entirely depend on exactly what you want to have done. Those price ranges are just averages on a national scale.

Once you have determined what kind of service you want, you then have a really good idea of about how much coverage you will need that will pay for all your funeral costs. For example, if you want a traditional burial service, you need a figure between $7K and $10K. This would pay out enough money, so your family could pay all the bills without having to come out of their own pockets.

However, there is another factor you need to consider, and that is inflation. Currently, the rate of inflation for the funeral industry is about 5%. Think of it this way. At that rate, a $10,000 funeral today will cost about double that 20 years from now. You should definitely consider inflation when you decide how much coverage to buy. Don’t worry about trying to calculate all this stuff on your own. That’s why you have us! Your Choice Mutual agent can and will easily handle this for you.

No matter what, do not try to buy a level of coverage that exceeds your monthly budget. This is critical. If you can’t afford enough that factors in inflation, just buy what you can. You can always add more later.

The inside scoop on no health question policies

Have you ever wondered if a no health question policy is right for you, or if it’s a good idea? Truthfully, the vast majority of people should not be buying these policies. You probably see the ads on TV and the mailers that come every week that promote these no health question final expense policies. Colonial Penn, Mutual of Omaha, Gerber Life, Mass Mutual, and Fidelity Life are just some of the common companies that sell these kinds of policies.

In essence, these policies ask no health questions and they do not have any sort of medical history check. The insurance companies literally issue the policies blindly. They know nothing about you whatsoever. For this reason, there is a mandatory two year waiting period before they will pay any benefits. Additionally, the cost on these policies is higher (usually much higher) compared to a burial insurance plan that has health questions.

Unfortunately, a lot of people are severely drawn to the idea of answering no health questions. We can certainly understand how its attractive to apply with the utmost ease. However, few people realize what they are giving up by doing so. The simple reason why most people should not buy these kinds of policies is because they can get a far better deal elsewhere. More specifically, they can a plan that is cheaper and has no waiting period.

Let’s use an analogy to make this really simple. Let’s say you are at the grocery store looking to buy a sandwich. You go to the deli and you see two prepackaged sandwiches for sale. One sandwich you can buy and eat now. It costs just $2.50. Now, next to that sandwich you have another one that costs $4.00. in addition, you can’t eat the sand which for 2 days. Which sandwich would you choose? The choice is obvious, and it’s the same with burial insurance. You can and should attempt to get a burial insurance plan that has health questions. Doing so will save you money, and will protect you immediately.

As previously stated, the vast majority of our clients successfully secure a final expense plan that has no waiting period. This is because we found them a plan with some company that has health questions. Because we are independent and represent all the top burial insurance companies in the nation, we can make this happen. Granted, there are some situations where a guaranteed issue final expense is necessary, but it’s very uncommon.

At the end of the day, if you let us help you, we will give it to you straight. We will tell you what plan is best for you and your family. All you have to do is call or fill out the quote form on this page and let us call you.

Final thoughts

We hope you can absorb this information and make clear sense of it. If you have any questions, you can call us. Calling us is not an obligation to buy. We will not pressure you into anything just because you wanted to call and ask us some questions. Our toll free number is 1-800-644-2926. Our agents are here to help.


Choice Mutual is an independent agency licensed in all 50 states including DC. We work with over 20 highly rated final expense life insurance companies, so that we can compare offers from all of them to find you the best deal.

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