Top 8 of The Best Burial Insurance Companies With Rates

A lot of people are unaware that there is burial insurance, and only when they are faced with the death of a loved one do they realize how important it can be.

A funeral home will charge on average $7000 for the funeral costs alone, so if you have no money set aside to cover this cost then these expenses could quickly start piling up.

Affordable burial insurance plans are a small, easy way to make sure your loved ones have the money they need for any funeral expenses.

The following is information about them. In other words, what kind of coverage it provides, who can get this type of policy, and some important factors that might influence whether or not you choose one over another company’s products/services.

This article highlights 8 of some of the best burial insurance companies in this industry that can help provide some peace of mind for your family’s future financial stability.

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Is Burial Insurance Worth It

Purchasing or looking at burial insurance plans for seniors is a great way to provide peace of mind and financial security for your family. Funerals can cost upwards of $10,000 so burial coverage will help cover the last expenses in case you pass away without warning!

Burials are also important because they allow loved ones who have lost someone dear an opportunity to mourn.

Above all, explore all potential options from different companies before making any decisions that may impact them deeply.

Burial insurance is a great way to protect your loved ones in the event of an unforeseen tragedy. Overall, always make sure you are looking at the best burial insurance companies before making a decision.

Is Burial Insurance The Same Product as Funeral Insurance

Burial insurance is commonly referred to as “final expense” or funeral coverage. This type of life insurance policy has affordable premiums designed to pay all legitimate expenses at death.

This may include cremation fees if desired. In fact, no exams are required for this type and serious health issues won’t prevent acceptance.

When you are purchasing a burial insurance policy to cover funeral expenses there are important details that you should know:

  • Rates are locked in for life and cannot increase, meaning your coverage will always stay at today’s cost;
  • Coverage never decreases (guaranteed!), so there’s no need to worry about future rate hikes or sudden changes like other types of insurance might produce if something happens after purchase);
  • Finally it builds cash value as well

It can be hard to keep track of all the different funeral insurance policies out there. Burial, final expense, and funeral are not just three words with different meanings. In fact, they actually refer to three very similar things!

How Much Does Burial Insurance Cost

Final expense insurance is an important purchase for any senior consumer. The cost will vary depending on your age, gender. In addition, burial insurance companies all have different prices.

In addition, health history but it can run as low as $30 per month with some companies offering $10,000 in coverage to upwards of $200 if you are older and have some serious health issues.


Here are some examples for the best funeral insurance prices:

AgeFemale
$10,000
Immeditate
Female
$10,000
2yr Waiting Period
Male
$10,000
Immeditate
Male
$10,000
2yr Waiting Period
45$16.64$46.25$23.18$55.42
50$20.26$34.47$27.35$44.09
55$25.08$44.27$32.77$57.93
60$32.08$51.06$41.74$63.89
65$41.00$62.61$52.87$85.16
70$51.92$75.53$69.23$99.18
75$71.64$108.17$96.58$139.52
80$97.50$176.37$134.16$206.32
85$131.66$197.76$183.29$213.86
89$262.32$303.99$340.82$378.98
90N/A$337.32N/A$387.32

What Are Our Top Funeral Expense Insurance Carriers

Above all, we have vetted the best burial plans, funeral insurance plans, and the carriers that offer them. The following carriers can cover 100% of the senior consumer regardless of health. Overall, shopping for burial insurance can be simple if you let it be.

Here are our Top 8 Burial Insurance Companies:

  1. Mutual of Omaha
  2. AETNA
  3. Royal Neighbors of America
  4. Trinity Life/Family Benefit Life
  5. Liberty Bankers Life
  6. American Amicable
  7. Guarantee Trust Life GTL
  8. AIG

Our Top 8 Of The Best Final Expense and Burial Insurance Companies

There’s no need to go through the hassle of finding a good company when you can rely on us!

With our knowledge and experience, we make sure that your final expense insurance is taken care of.

The companies below specialize in different types of risks so just pick one for your type if necessary- but don’t worry because they all offer competitive prices too!


Mutual of Omaha

Company Founded: 1909
A.M. Best Rating: 
A+ (superior)
BBB Rating: 
A+
Product Name: 
Living Promise level benefit
Policy Type: 
Simplified Whole Life Insurance
2-year Waiting Period: 
No
Two Year Contestability: 
Yes, Misrepresentation of Health or Suicide
Cash Value: 
Yes
Available Coverage Amount : 
$2,000-$40,000
Applicant Age Range To Apply:
45-85
Can I Purchase a Policy For Parents: 
Yes
Approval Time: 
10-15 minutes to a few days
Health Impairment Niche: 
|Type 2 diabetes | Seniors over 80 | Arthritis | Sleep apnea | Smokers | 

With an A+ rating from AM Best and consistently low premiums, Mutual of Omaha is one of the best companies for life insurance in America.

They boast that their living promise product will cover your funeral expenses if you need it with no surprises upfront or hidden costs – all at very competitive rates! This is our premier carrier and one of our best burial insurance companies that we offer.

Here are some of Mutual of Omaha Sample Rates by age and gender for thier Living Promise product.

Age
of Insured
Female
$10,000
Male
$10,000
Female
$15,000
Male
$15,000
45$22.61$27.11$32.31$39.06
50$24.31$30.68$34.86$44.42
55$27.71$35.95$39.96$52.32
60$32.87$43.76$47.70$64.04
65$41.01$56.48$59.91$83.12
70$53.24$74.61$78.26$110.31
75$72.41$99.97$107.01$148.36
80$98.43$139.73$146.05$207.99
85$135.90$192.74$202.25$287.51

The lifetime of your policy is not over just because you turn 85. Your coverage lasts until death.


AETNA/CVS Health

Company Founded: 1853
A.M. Best rating: 
A (Excellent)
BBB Rating: 
A+
Product Name: 
Accendo Preferred/Standard
Policy Type: 
Simplified Whole Life Insurance
2-year Waiting Period: 
No
Two Year Contestability: 
Yes, Misrepresentation of Health or Suicide
Cash Value Accumulation: Yes
Available Coverage Amount : $2,000-$50,000 Applicant Age Range To Apply40-89
Can I Purchase a Policy For Parents: Yes
Approval Time: 10-15 minutes to a Few Days
Health Impairment Niche: | Obesity | Over 85 | COPD | Lupus | Pacemaker/Defibrillator | Heart Attack over 1 Year | MS | Parkinson’s | Stroke over 1 Year |

Aetna is a company that has been in business since 1853. They currently have an A rating with AMBest, and their senior burial insurance offers competitive rates for those who are over 85 years old- even if they suffer from high-risk health conditions!

Here are some of AETNA/CVS Health Sample Rates by age and gender up to age 89. This is one of very few burial insurance companies that off to this age.

Age
of Insured
Female
$10,000
Male
$10,000
Female
$15,000
Male
$15,000
45$25.55$29.92$36.57$43.14
50$27.30$34.39$39.20$49.83
55$34.39$44.10$49.83$64.40
60$40.51$51.10$59.02$74.90
65$47.60$58.19$69.65$85.53
70$58.19$73.15$85.53$107.97
75$75.86$101.41$112.04$150.37
80$101.41$140.26$150.37$208.64
85$136.67$195.82$203.26$291.99
86$171.32$236.25$255.24$352.62
87$205.97$276.67$307.21$413.26
88$240.62$317.10$359.19$473.90
89$275.27$357.52$411.16$534.54

You know that feeling when you turn 89 and it’s like your whole life flashes before? The policy doesn’t end once we reach this year, but rather lasts forever for every applicant.

In fact-89 is just the maximum age requirement to apply!


Royal Neighbors of America

Company Founded: 1895
A.M. Best Rating: 
A (excellent)
BBB Rating: 
A+
Product Name: 
Simplified Issue Level
Policy Type: 
Simplified Whole Life Insurance
2-year Waiting Period: 
No
Two Year Contestability: 
Yes, Misrepresentation of Health or Suicide
Cash Value Accumulation: 
Yes
Available Coverage Amount
$7,000-$30,000
Applicant Age Range To Apply: 
50-80
Can I Purchase a Policy For Parents: 
Yes
Approval Time: 
10-15 minutes
Health Impairment Niche: 
| diabetic neuropathy | blood thinners | severely overweight | TIA mini-strokes | blood clots | tumors | home health care | retinopathy | multiple instances of cancer | irregular heartbeat | blindness | 

Royal Neighbors is a company you can trust. They have been in business since 1895 and maintain an A rating with A.M Best. In addition, the first life insurance company to provide coverage for women and children back then!

Not only that but their burial expense policies are some of the best, and they have lenient underwriting too! Above all, Royal Neighbors are great for diabetes.

Royal Neighbors is one of the very best value when it comes to burial insurance companies! Its policies never expire and their premiums stay at a low cost, so you can be sure your family is getting all it deserves without having any worries.

Here are some sample rates based on age and gender.

Age
of Insured
Female
$10,000
Male
$10,000
Female
$15,000
Male
$15,000
50$33.71$39.61$49.26$58.11
55$37.51$46.31$54.96$68.16
60$38.21$50.11$56.01$73.86
65$44.61$58.81$65.61$86.91
70$55.61$74.81$82.11$110.91
75$79.81$110.41$118.41$164.31
80$110.41$153.81$164.31$229.41

Yes, the policy does not end once you turn 80. Once issued it lasts forever!

The maximum age for new applicants is 80!


Trinity Life/Family Benefit Life

Company Founded: 2007
A.M. Best Rating: 
A (excellent)
BBB Rating: 
A+
Product Name: 
Golden Eagle Final Expense Plan
Policy Type: 
Simplified Whole Life Insurance
2-year Waiting Period: 
No
Two Year Contestability: 
Yes, Misrepresentation of Health or Suicide
Cash Value Accumulation: 
Yes
Available Coverage Amount: 
$2,500-$25,000
Applicant Age Range To Apply
50-85
Can I Purchase a Policy For Parents: 
Yes
Approval Time: 
10-15 minutes to a few days
Health Impairment Niche: 
| Heart Attack | Stroke | Heart Surgery | Circulatory Surgery | Home Health Care | AFIB | Type 2 Diabetes | Multiple Sclerosis | Seizures |

Trinity Life/Family benefit offers competitor rates in their market for non-smokers. The premiums are also very competitive, with policies available to smokers as well!


The underwriting is liberal and simple! In fact, you won’t need extensive paperwork or long phone calls when applying. Overall, it’s just a single online form that will do it all.

They have good financial standing so if anything happens to you (and they’re reliable!), death benefits can be confidently paid out without question or hesitation.

Age
of Insured
Female
$10,000
Male
$10,000
Female
$15,000
Male
$15,000
50$21.78$27.35$31.37$39.73
55$26.26$32.77$38.09$47.87
60$32.60$41.74$47.61$61.31
65$41.28$53.75$60.63$79.34
70$52.03$69.23$76.76$102.55
75$71.64$96.58$106.17$143.58
80$104.83$145.79$155.96$217.39
85$155.23$192.49$231.55$287.45

It’s true that the Trinity Life/Family benefit policy doesn’t end once you turn 85. But it lasts forever for those who are already enrolled!

In fact, Trinity is one of the very few burial insurance companies that are lenient with furosemide/coreg combination.

This means, of course, they accept new applicants up to age 85 years old.


Liberty Bankers Life

Company Founded: 1958
A.M. Best rating: A- (excellent)
BBB Rating: A+
Product Name: SIMPL Preferred | Standard
Policy Type: Simplified Whole Life Insurance
2-year Waiting Period: No
Two Year Contestability: Misrepresentation of Health or Suicide
Cash Value Accumulation:
 Yes
Coverage Amount Range: $3,000-$40,000
Applicant Age Range To Apply:  18-80
Can I Purchase a Policy For Parents: Yes
Approval Time: 10-15 minutes
Health Impairment Niche: | COPD | Emphysema | Chronic Bronchitis | Bipolar | Schizophrenia | Depression | PTSD | Hepatitis | Kidney Disease | PVD/PAD | AFIB |

Liberty Bankers Life Insurance Company has a unique coverage plan for those suffering from COPD. They offer immediate protection, and their rates are among the best available!

Their premiums never change and they can’t expire. Here are some sample rates based on age and gender.

Age
of insured
Female
$10,000
Male
$10,000
Female
$15,000
Male
$15,000
18$12.03$15.84$15.73$21.44
20$14.71$16.04$19.75$21.75
25$15.16$17.04$20.43$23.25
30$15.73$18.64$21.28$25.65
35$17.45$20.93$23.86$29.09
40$20.05$24.34$27.77$34.19
45$23.13$27.44$32.38$38.84
50$25.57$30.51$36.04$43.45
55$30.40$36.79$43.28$52.87
60$34.67$45.80$49.69$66.38
65$42.81$55.94$61.90$81.60
70$54.79$73.31$79.87$107.65
75$76.20$100.15$111.99$147.91
80$109.16$146.80$161.43$217.88

The policy does not end once you turn 80. In addition, you can purchase this policy up to age 80!


American Amicable

Company Founded: 1910
A.M. Best rating: A (excellent)
BBB Rating: A
Product Name: Senior Choice
Policy Type: Simplified Whole Life Insurance
2-year Waiting Period: No
Two-Year Contestability: Misrepresentation of Health or Suicide
Cash Value Accumulation:
 Yes
Coverage Amount Range: $2,500-$35,000
Applicant Age Range To Apply:  50-85
Can I Purchase a Policy For Parents: Yes
Approval Time: 10-15 minutes
Health Impairment Niche: | All Smokers | AFIB | Schizophrenia | Bipolar Disorder | Depression | Blood Thinners | Not Confined To Wheelchair

American Amicable has always been an A-rated company with AM Best.

They offer burial insurance that’s quick and easy to purchase for seniors who may have common health problems like smoking cigarettes or having high blood pressure, which can lead to strokes over time if left untreated in some cases.

If you choose not to smoke any type of tobacco product at all then American amicable will give discounts from other companies too!

But wait there’s more: they also provide rates just for occasion cigar/pipe smokers; no matter how often it happens, every applicant deserves great protection – even non-cigarette tobacco users!

American Amicable’s policies never expire and prices stay the same, so you can be confident in your coverage.

Here are some sample rates based on age and gender.

Age
of Insured
Female
$10,000
Male
$10,000
Female
$15,000
Male
$15,000
50$26.66$31.64$38.68$46.15
55$33.69$40.03$49.21$58.73
60$38.26$47.05$56.07$69.26
65$47.05$59.74$69.26$88.29
70$60.38$78.79$89.25$116.86
75$81.73$108.01$121.27$160.70
80$113.68$155.82$169.20$232.41
85$166.02$221.31$247.71$330.65

There is no turning back once you turn 85. You can still continue to apply for a policy up to age 85.


Guarantee Trust Life (GTL)

Company Founded: 1936
A.M. Best Rating: 
A- (Excellent)
BBB Rating: 
A+
Product Name: 
Heritage Plan
Policy Type: 
Simplified Whole Life Insurance
2-year Waiting Period: 
Yes, Graded Policy, Year One 105% ROP, Year Two 50% of the death benefit, Year Three 100% payout
Two Year Contestability: 
No
Cash Value Accumulation: 
Yes
Available Coverage Amount : 
$2,500-$20,000 Age 40-85, $2,500-$10,000 Age 86-90
Can I Purchase a Policy For Parents: 
Yes
Approval Time: 
Few days
Health Impairment Niche: 
| Oxygen Use (Not Continous) | Age 90 Coverage |

Guaranteed Trust Life Final Expense is an excellent option for those looking to purchase funeral planning products. This policy offers benefits in all states except NY, CA, and MT.

Furthermore, it still provides a 24-48 hour turnaround on application processing with a phone call! For individuals seeking the Heritage Plan graded plan.

Overall, GTL’s Graded Whole Life Insurance Plan gives you graded death benefit coverage as well as A+ Award Winning Customer Service.

Here are some rate samples for gaes 40-90 and both genders.

Age
of insured
Female
$10,000
Male
$10,000
Female
$15,000
Male
$15,000
40$37.33$49.83$54.00$72.75
45$37.33$54.00$54.00$79.00
50$38.17$54.83$55.25$80.25
55$46.50$59.83$67.75$87.75
60$54.00$69.00$79.00$101.50
65$64.83$87.33$95.25$128.99
70$79.00$104.00$116.50$153.99
75$114.00$147.33$168.99$218.99
80$178.99$245.66$266.49$366.49
85$220.66$316.49$328.99$472.73
90$337.32$387.32N/AN/A

Guarantee Trust Life is a financially stable company that you can trust. When it comes to life insurance, this organization offers their customers the best of everything: excellent ratings by A.M Best and guaranteed protection for all aspects underwriters must address!

With policies available between 40-90 years old with no prerequisites whatsoever other than being 40+ years old upon application date.


AIG (American General)

Company Founded: 1919
A.M. Best Rating: A (Excellent)
BBB Rating: A+
Product Name: 
Guaranteed Issue Whole Life
Policy Type: 
Simplified Whole Life Insurance
2-year Waiting Period: 
Yes, Graded 2yr at 110% ROP
Two Year Contestability: 
Suicide
Cash Value: 
Yes
Available Coverage Amount : 
$5,000-$25,000
Applicant Age Range: 
50-80
Can I Purchase a Policy For Parents: 
Yes
Approval Time: 
10-15 minutes to a Few Days
Health Impairment Niche: 
ANY HEALTH IMPAIRMENT

AIG is a long-standing life insurance carrier that has been in business since 1919. They offer guaranteed issue policies with no health questionnaire or medical assessments.

In fact, meaning your acceptance of this kind of policy will be guaranteed and there’s an immediate 24-month waiting period before they payout.

However, if something happens during those two years while you’re under consideration for purchase; not to mention AIG refunds 110% on premiums paid!

Here are some sample rates by age and gender.

Age
of Insured
Female
$10,000
Male
$10,000
Female
$15,000
Male
$15,000
50$38.58$55.99$56.87$82.98
55$46.60$61.37$68.89$91.06
60$53.93$68.14$79.90$101.21
65$66.42$90.83$98.63$135.25
70$80.41$106.00$119.62$158.00
75$115.73$149.66$172.59$223.49
80$189.53$206.32$283.30$308.48

The policy doesn’t end once you turn 80. It lasts forever since it’s issued! That means that the maximum age of an applicant is still 80.


How Do I Choose a Burial Insurance Provider

Burial Insurance is a hot topic, and for good reason. Burials cost money! So it is important to look at the best burial insurance companies before making a decision.

You might be wondering how much you’ll need in order to make sure your loved one gets the best possible care when they’re laid out on their final resting plot? Read this guide so that no stone goes unturned:

  • Consider Types of Coverage Available – Some insurers offer life insurance policies tailored specifically towards burial expenses while others provide it as part-of whole lfe coverage;
  • Check Pricing Options— there are many different ways these companies price their services from monthly premiums.
  • Coverage limits vary by insurer, but some plans have coverage levels as high at $50,000!
  • The application process usually consists entirely online or over the phone.

How Do I Choose a Burial Insurance Policy

Burying your parent or loved one is a difficult task. When you buy burial insurance, it can help make the process go more smoothly for everyone involved!

The first step in getting this type of coverage is to compare quotes from multiple providers before deciding which company will be best suited for all those needs.

Second, if you have any health impairments such as Type 1 Diabetes or Multiple Scerosis you are wanting to find the carriers that look at you favorably. Call us, we know the ones!

In fact, if any of them ask about medical history during application then let us know so we can isolate the right carrier.

What Does Burial Insurance Mean

Burial insurance is a type of whole life that specifically markets itself to cover final expenses, including those for burial and cremation.

This makes it different when compared with traditional life policy which is usually purchased in order to replace income or cover regular living costs while leaving death out completely!

Burial insurance can be an affordable alternative to traditional life policies. For example, a $25,000 burial policy would provide peace of mind for your family and not require any medical exam other than what is on file with the MIB.

Overall, allowing you access when needed without some hassle from insurers who often deny coverage due to health conditions such as mental illness or heart disease.

What Does Burial Insurance Consist Of

Burial insurance is perfect for when you need to plan ahead.

The proceeds can be used in whatever way seems fit at the time, which means it may cover a traditional burial with vault and plot or alternative services like cremation if that’s what someone wants.

But also things like medical bills and credit card debt incurred during their final days!

After making your final wishes known to a funeral director or representative, you can set an appointment to have them recorded.

This is important because it ensures that the money from burial insurance goes towards paying for services of our choice and not just whatever their cheapest option happens to be!

There’s no need to pay upfront when there’ll be more than enough coming in after taxes at death; besides which we might want something different if it wasn’t covered by policy yet (like flowers).

Can an Insurance Company Refuse to Pay a Death Claim

Burial insurance is the best way to be sure your loved one will never be forgotten.

It’s typically a “guaranteed issue,” meaning you cannot be denied or have premiums raised for medical reasons, as long as they’re paid every month until the age of eligibility where insurers no longer require payment from policyholders.

It’s important to make sure your burial insurance doesn’t expire. You should always read the terms and conditions of any policies before purchasing them, but if you still have questions about them then don’t hesitate in contacting us.

How Much is Funeral Insurance Per Month

Burial insurance is a must for those who are likely to outlive their money. You might pay as little as a few bucks or more than several hundred dollars depending on your age and health conditions.

However, don’t worry – there’s an option that can satisfy all of these needs in one shot!

Burial insurance is an important financial decision that should not be taken lightly.

When shopping around, take the time to get a free quote from several providers so you can compare policies based on your needs and preferences before making any decisions about what kind of protection best suits them or their loved ones!

Does Burial Insurance Make Sense

Burial insurance may be worth the cost if you’re worried about covering final expenses.

Though burial policies are usually purchased by senior citizens who can’t qualify for traditional life coverage with higher limits, and their premiums aren’t as expensive because of it.

However, this policy provides peace of mind that will never go away! The idea of insurance is to protect yourself from the unexpected. What happens if your policy doesn’t cover everything?

Well, it’s worth checking up on before you buy anything just for peace of mind!

Conclusion

It’s hard to think about death, but the reality is that it happens. And if you’re not prepared for your own passing with a burial insurance plan or will, then your loved ones may have difficulty coping with the aftermath of losing their primary breadwinner.

To help prepare yourself and those who are important in your life emotionally as well as financially, here are 8 of the best burial insurance companies on our list so far this month based on rates offered–compare them now!