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Burial Life Insurance

Funeral and burialFuneral and burials are very expensive! Don't leave your family in a financial predicament by not getting burial and final expenses life insurance ahead of time.

Burial life insurance can be term or permanent (whole), but it's more common to be whole - stays in force until the insured dies, and won't cancel after a predetermined amount of time (term).

 

Typical Burial Life Insurance Amounts:

Burial Vs Traditional Life Insurance

This type of insurance has a smaller benefit amount versus a traditional life insurance policy. It's mostly used to pay funeral expenses, memorial service, headstone - basically a person's final expenses.

But, it can also be used to pay the deceased’s oustanding bills, for example, medical and credit card bills. Get Coverage Today!

Who is it for?

Obviously, it's geared towards those closer to death, like seniors and the elderly. If a senior has plenty of money in the bank and no bills, this type of insurance is not needed.

What's a Typical Death Benefit Amount

A burial life insurance policy death benefit is usually under $30,000, and the most common amounts are $10,000 to $20,000


Typical burial life insurance monthly rates for a woman:

  $5,000 $10,000 $15,000 $20,000
60 Year Old Female $18.04 $33.20
$48.18 $63.16
61 Year Old Female $18.86 $34.86 $50.67 $66.48
62 Year Old Female $19.63 $36.42 $53.01 $69.61
63 Year Old Female $20.46 $38.10 $55.53 $72.95
64 Year Old Female $21.28 $39.75 $58.02 $76.29
65 Year Old Female $22.11 $41.42 $60.51 $79.61
66 Year Old Female $23.32 $43.87 $64.20 $84.52
67 Year Old Female $24.53 $46.32 $67.86 $89.41
68 Year Old Female $25.75 $48.77 $71.55 $94.31
69 Year Old Female $27.01 $51.32 $75.36 $99.40
70 Year Old Female $28.22 $53.77 $79.04 $104.31
71 Year Old Female $29.70 $56.76 $83.53 $110.29
72 Year Old Female $30.83 $59.04 $86.94 $114.85
73 Year Old Female $33.38 $64.19 $94.66 $125.13
74 Year Old Female $35.49 $68.46 $101.07 $133.68
75 Year Old Female $37.81 $73.13 $108.08 $143.04
76 Year Old Female $40.73 $79.03 $116.93 $154.82
77 Year Old Female $43.36 $84.35 $124.90 $165.45
78 Year Old Female $45.82 $89.32 $132.37 $175.41
79 Year Old Female $48.31 $94.34 $139.91 $185.46
80 Year Old Female $50.82 $99.41 $147.51 $195.60
Average insurance rates as off 9/4/2020 - these are estimated rates and may not reflect an actual rate from an insurance company.


Typical final expense life insurance monthly rates for a man:

  $5,000 $10,000 $15,000 $20,000
60 year old male $23.71 $44.20
$64.68
$85.15
61 year old male $25.06 $46.87 $68.69 $90.52
62 year old male $26.39 $49.55 $72.71 $95.87
63 year old male $27.48 $51.73 $75.98 $100.23
64 year old male $28.67 $54.12 $79.56 $104.99
65 year old male $30.14 $57.04 $83.94 $110.85
66 year old male $31.85 $60.45 $89.06 $117.67
67 year old male $33.52 $63.81 $94.10 $124.39
68 year old male $35.37 $67.51 $99.65 $131.77
69 year old male $37.37 $71.50 $105.63
$139.75
70 year old male $39.29 $75.36 $111.41 $147.47
71 year old male $41.42 $79.60 $117.79 $155.96
72 year old male $44.04 $84.83 $125.62 $166.43
73 year old male $46.80 $90.36 $133.93 $177.49
74 year old male $49.52 $95.81 $142.10 $188.39
75 year old male $52.11 $100.98 $149.85 $198.72
76 year old male $55.67 $108.11 $160.55 $212.99
77 year old male $59.26 $115.27 $171.30 $227.31
78 year old male $63.30 $123.36 $183.42 $243.48
79 year old male $67.02 $130.82 $194.61 $258.39
80 year old male $72.18 $141.13 $210.08 $279.02
Average insurance rates as off 9/4/2020 - these are estimated rates and may not reflect actual rates from an insurance company.

Common Questions About Burial Life Insurance

How Much Burial Insurance Do I Need?

How much life insurance coverage you need to cover final expenses will depend in how much you have already saved up for your funeral. If you think your funeral will cost $20,000, and you have $10,000 in savings, then you should probably get $10K to 15K in coverage.

What is The Best Burial Insurance ?

Many major life insurance companies offer burial insurance. For example, you can get policies from AARP underwritten by New York Life Insurance Company, Globe Life, Fidelity Life, AIG, Mutual of Omaha, plus many more. Choosing the best will depend on your particular situation.

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