Burial Insurance in Illinois: Costs, Benefits, and How to Choose the Right Plan
Written by Daniel Ray, Life Insurance Expert |
✅
Fact Checked by
Lisamarie Monaco |
Editorial Disclosure
Planning for end-of-life expenses is a crucial step to ensure your loved ones are not burdened financially during a difficult time. In Illinois, burial insurance—also known as final expense insurance—provides a practical solution for covering funeral and burial costs.
Illinois Funeral Costs
| Service Type | Low | High | Average |
|---|---|---|---|
| Traditional Full Service Burial | $5,710 | $13,160 | $9,191 |
| Full Service Cremation | $3,265 | $12,600 | $6,726 |
| Affordable Burial | $2,850 | $8,695 | $5,308 |
| Direct Cremation | $695 | $6,045 | $2,563 |
Data source: Funeralocity
This guide explores what burial insurance is, how much it costs, and the factors to consider when selecting the right policy for you.
What is Burial Insurance In Illinois?
Burial insurance is a type of whole life insurance designed to cover expenses associated with funerals, burials, and other end-of-life costs. These policies typically offer coverage amounts ranging from $5,000 to $25,000, making them ideal for covering final expenses without the higher premiums associated with larger life insurance policies.
Key Features of Burial Insurance:
- Cash Value Component: Over time, these policies build cash value that can be borrowed against if needed.
- Lifelong Coverage: Coverage remains active as long as premiums are paid.
- Guaranteed Acceptance: Many policies do not require a medical exam, making them accessible to individuals with health concerns.
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Benefits of Burial Insurance in Illinois
Burial insurance offers numerous benefits to policyholders and their families:
- Ease of Approval: Guaranteed acceptance policies make it easier for seniors and individuals with pre-existing conditions to qualify.
- Financial Security: Provides funds to cover funeral and burial expenses, alleviating financial stress on loved ones.
- Predictable Premiums: Premiums remain fixed throughout the policy, aiding in consistent financial planning.
- Flexibility: Beneficiaries can use the death benefit for any end-of-life expenses, including unpaid medical bills or credit card debt.
Average Funeral Costs in Illinois
The average cost of a funeral in Illinois varies based on the selected services. According to the Illinois Funeral Directors Association:
- Basic Funeral Services: $5,000 to $9,000.
- Comprehensive Services (including burial plots and headstones): $10,000 or more.
These costs can strain families without prior planning, making burial insurance an essential financial tool.
How does it all stack up?
Illinois Traditional Full Service Burial
| Service Type | Low | High | Average |
|---|---|---|---|
| Traditional Full Service Burial | $5,710 | $13,160 | $9,191 |
| Basic Services | $600 | $5,449 | $2,448 |
| Transfer to Funeral Home | $100 | $1,045 | $408 |
| Embalming | – | $1,850 | $757 |
| Dressing & Casketing | $75 | $1,495 | $309 |
| Viewing & Visitation | $50 | $1,800 | $547 |
| Funeral Service | $150 | $1,625 | $556 |
| Hearse | $25 | $895 | $413 |
| Utility Vehicle | – | $750 | $252 |
| Median-priced Casket* | $3,500 | – | – |
Data source: Funeralocity
Full Service Cremation
| Service Type | Low | High | Average |
|---|---|---|---|
| Full Service Cremation | $3,265 | $12,600 | $6,726 |
| Basic Services | $600 | $5,449 | $2,452 |
| Transfer to Funeral Home | $100 | $1,045 | $407 |
| Embalming | $300 | $1,850 | $759 |
| Dressing & Casketing | $75 | $1,495 | $309 |
| Viewing & Visitation | $50 | $5,625 | $566 |
| Funeral Service | $150 | $1,625 | $555 |
| Transfer to Crematory | – | $700 | $78 |
| Crematory Fee | $100 | $1,200 | $399 |
| Cremation Casket* | $1,200 | – | – |
Data source: Funeralocity
Affordable Burial
| Service Type | Low | High | Average |
|---|---|---|---|
| Affordable Burial | $2,850 | $8,695 | $5,308 |
| Basic Services | $350 | $6,195 | $2,806 |
| Basic Casket* | $2,500 | – | – |
Data source: Funeralocity
Direct Cremation
| Service Type | Low | High | Average |
|---|---|---|---|
| Direct Cremation | $695 | $6,045 | $2,563 |
| Basic Services | $620 | $6,045 | $2,418 |
| Transfer to Crematory | – | $525 | $2 |
| Crematory Fee | – | $800 | $143 |
Data source: Funeralocity
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Factors Influencing Burial Insurance Premiums
Several factors determine the cost of burial insurance premiums:
Example Premiums for Illinois Residents:
Female Burial Insurance Rates
| Age of Applicant | $5,000 | $10,000 | $15,000 |
|---|---|---|---|
| 50 | $12.86 | $23.06 | $33.08 |
| 55 | $14.97 | $26.94 | $38.90 |
| 60 | $18.04 | $32.87 | $47.70 |
| 65 | $22.11 | $41.01 | $59.91 |
| 70 | $28.07 | $53.12 | $78.18 |
| 75 | $37.81 | $72.41 | $107.01 |
| 80 | $50.82 | $98.43 | $146.05 |
| 85 | $69.55 | $135.90 | $202.25 |
| 90 | $149.69 | $296.41 | NA |
Male Burial Insurance Rates
| Age of Applicant | $5,000 | $10,000 | $15,000 |
|---|---|---|---|
| 50 | $15.37 | $27.73 | $40.08 |
| 55 | $18.72 | $34.43 | $50.13 |
| 60 | $22.72 | $42.42 | $62.13 |
| 65 | $28.41 | $53.82 | $79.22 |
| 70 | $36.47 | $69.93 | $103.38 |
| 75 | $50.22 | $97.43 | $144.64 |
| 80 | $71.44 | $139.73 | $207.99 |
| 85 | $97.97 | $192.74 | $287.51 |
| 90 | $176.59 | $350.21 | NA |
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How to Choose the Right Burial Insurance Policy in Illinois
Selecting the right burial insurance policy involves careful planning. Follow these steps:
Consult with a licensed insurance agent for personalized recommendations.
Assess Your Needs:
- Calculate your anticipated funeral and burial expenses.
- Factor in additional costs like medical bills or unpaid debts.
Compare Providers:
- Research multiple insurers to find the best rates and terms.
Understand Policy Terms:
- Review details like waiting periods, cash value growth, and exclusions.
Seek Professional Advice:
- Consult with a licensed insurance agent for personalized recommendations.
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Assistance Programs for Burial Costs in Illinois
For individuals unable to afford funeral expenses, Illinois offers assistance programs through the Illinois Department of Human Services (IDHS). These programs can provide:
- Up to $1,370 for funeral costs.
- Up to $668 for cremation or burial expenses.
Eligibility depends on the family’s financial situation. Learn more by contacting the IDHS or visiting their website.
Leading Causes of Death in Illinois
The top ten causes of death in Illinois are comparable to those in the United States. According to the National Center for Health Statistics of the Centers for Disease Control and Prevention, the top 10 causes are as follows:
- Heart Disease
- Stroke
- Cancer
- Chronic Lung Disease
- Diabetes
- Accidents
- Influenza
- Alzheimer’s
- Blood Poisoning
- Kidney Disease
You can secure affordable coverage no matter how serious your medical condition is. We will almost certainly be able to have your protection in full effect right away.
Big news, right here.
We work with many different burial insurance companies, so it’s more likely that we can find one that will cover you even if you already have a health problem.
Therefore, even if you are one of the items on that list, we will still be able to locate a plan for you that has an extremely low rate and an affordable price.
How To Find The Best Burial Insurance In Illinois
It might be difficult if you try to secure the best price for burial insurance on your own in this state.
In reality, we have contacted many customers who attempted to call around looking for the finest plan possible but were unsuccessful. In this case, it’s best to leave the heavy lifting to a professional firm.
The conclusion is as follows:
To discover the finest burial insurance in Illinois, you must engage the services of a local independent broker who has free access to all of the top-rated carriers in your state.
An agency will search for the best prices available and provide you with a comparison in minutes.
They will perform an analysis of your specific circumstances before revealing which insurance company provides the best deal.
You may wonder, “Where can I find a company like that?”
You expected the question you posed. InsuranceForBurial.com is the insurance agency you’ve been looking for.
In addition to representing several highly regarded Illinois-based insurance providers, our agency has extensive experience in final expense life insurance.
You may be curious about burial insurance in one of the major cities in Illinois. If that’s the case, please get in touch with us so that we can help you.
Our goal is to equip you with the knowledge you need to make an informed choice about burial insurance in your surrounding Illinois area.
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What makes our burial insurance policy special
We talk to people like you who want to feel calm every day. Like you, they want to ensure that if something happens to them, their loved ones won’t have to pay much money.
Funerals are very expensive now, and the costs keep increasing yearly. Because of this, there are a lot of people who want to buy burial insurance.
They allow you to get protection immediately, so you can sleep well at night knowing you’re covered. There are other great things about these policies that you won’t find anywhere else.
- They cover you for your whole life. It means that they will never get old.
- The rates will never change. Your insurance company can’t make your premiums go up.
- If you want, you can buy a very small amount of coverage. The requirements are very low.
- The approval process is easy, and most major health problems are accepted.
Most people get some health problems as they get older. In fact, hen you have these kinds of problems, it can be hard to get traditional life insurance plans.
Final insurance policies are designed to cover the risk of a wide range of health problems.
Also, because the rates are fixed, and the monthly payments are low, everyone on a fixed income can get the peace of mind they want.
Why choose InsuranceForBurial.com?
Please consider us if you need life insurance for funeral costs. We’ve helped tens of thousands in Illinois. We can fulfill your requirements superior to everyone else. Here are three reasons to consider InsuranceForBurial.com.
As an independent agency, we can work with many good insurance companies in this state. Because we have a choice, we can compare policy carrier prices to find the best deal.
We don’t favor one insurer. We’ll find you the cheapest Illinois burial insurance policy.
Above all, we have a lot of experience because we only sell funeral insurance. What’s happening? Each insurer evaluates health differently.
Know which industries like your health to get low rates and coverage quickly. Furthermore, we know how underwriting works for each insurance company so we can figure this out. It was tricky.
We’re happy to offer it now that we have it.
We want to help your family. We only care about your best interests. We’ve said we have no special arrangement with any final expense company. We’ll follow your plan.
The reason we are considered the most reliable source of burial insurance information on the web should now be clear. Please allow us to work for you. It won’t disappoint you.
Contact us at 1-855-380-3300 or fill out this form to receive a quote. We will be able to contact you at your best phone number if you provide your number.
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FAQ
Burial insurance is a type of life insurance designed to cover end-of-life expenses like funerals and burials.
Premiums vary based on age, health, and coverage amount. For example, a 65-year-old might pay $50–$100 monthly for $10,000 coverage.
Yes, it provides financial relief to families and ensures end-of-life costs are covered without burdening loved ones.
Yes, many policies offer guaranteed acceptance with no medical exam required.
Alternatives include prepaid funeral plans or savings accounts earmarked for funeral expenses.
Conclusion
Securing burial insurance in Illinois is a compassionate step toward ensuring your loved ones are not left with the financial burden of funeral costs. With coverage tailored to fit your needs and budget, you can gain peace of mind knowing that your final expenses are planned for.
Ready to explore your options? Compare policies today and find the right fit for you and your family.
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More Burial Insurance Resources
