Affordable Burial Insurance in Minnesota
Written by Daniel Ray, Life Insurance Expert | ✅ Fact Checked by 
Lisamarie Monaco | Editorial Disclosure Are you looking for an affordable burial insurance policy in Minnesota?
If so, you’re not alone. Many people are searching for ways to pay for their funeral costs without breaking the bank.
Burial insurance is a type of life insurance that pays out a death benefit to your beneficiaries.
This money can be used to cover funeral expenses, outstanding debts, or anything else your loved ones might need.
If you’re a resident of Minnesota, there are a few things you need to know about burial insurance.
In this article, we’ll discuss everything from the average cost of a funeral in Minnesota to the best burial insurance companies in the state.
Table of contents
What is Burial Insurance in Minnesota?
Burial insurance, also known as funeral insurance, is a type of insurance that helps cover the costs of your funeral and other related expenses.
This type of insurance can be used to cover things like the cost of your casket, funeral services, and even the cost of your burial plot. It can also help cover the cost of any outstanding debts you may leave behind.
In Minnesota, burial insurance is not regulated by the state.
This means that there are no set rules on how burial insurance must be structured or priced.
However, most burial insurance policies in Minnesota will pay for the costs of your funeral and burial expenses up to a certain amount.
If you’re thinking about buying burial insurance, be sure to shop around and compare policies from different companies.
You’ll want to make sure you’re getting the coverage you need at a price you can afford.
How Does Burial Insurance In Minnesota Work?
Burial insurance in Minnesota works similarly to other types of life insurance.
You pay premiums on a regular basis, and in return, the insurance company agrees to pay out a death benefit to your beneficiaries if you die.
The death benefit from your burial insurance policy can be used to cover any funeral-related expenses.
This includes things like the cost of your casket, funeral services, and even the cost of your burial plot. Your beneficiaries can also use the death benefit to cover any outstanding debts you may leave behind.
It’s important to note that burial insurance is not the same as health insurance or life insurance. Burial insurance is specifically designed to cover the costs of your funeral and related expenses.
Why Do You Need Burial Insurance In Minnesota?
In the last 30 years, the cost of funerals has increased steadily, and it can be quite surprising when you realize how high the total cost can be.
According to the Funeral Consumers Alliance of Minnesota, on average, the cost of a funeral can amount to over $8,000, including:
- Funeral home charges (non-reduced)
- Embalming
- Casket
- Vault
- Hearse
- Remains transportation
- Ceremony facilities and staff
- Your preferences, and more
You don’t need to be a senior to benefit from final expense insurance.
If you’re over 40 and in need of financial assistance for a funeral and final expenses, it’s a great option.
Not everyone has adequate savings to handle these things, so their loved ones end up out of pocket.
In the event, your family would have difficulty covering approximately $50,000 of expenses after your passing, such as the cost of a funeral, consider purchasing a final expense policy.
What Are The Benefits Of Burial Insurance In Minnesota?
There are many benefits to having burial insurance.
Saves You Money:
Burial insurance pays for the costs of a funeral and burial, including the cost of a cemetery plot, casket, headstone or marker, and other expenses.
If your loved one has been buried in a local cemetery, this policy will also cover the cost of reburying them in another location if necessary.
Protects Your Family:
If you pass away before your loved one, their burial costs could be covered by your burial insurance policy if they are insured through it as well.
This can help protect the financial security of your family while allowing them to grieve at their own pace.
Gives You Peace Of Mind:
One of the main benefits of burial insurance is the peace of mind it can provide.
Knowing that your loved ones will be taken care of financially if you pass away can give you a great sense of peace and security.
Guaranteed Benefits:
Burial insurance policies typically have level premiums, meaning your rates will not increase as you get older.
This can help make the policy more affordable over time.
Minnesota Free Look Period
In Minnesota, the free look period lasts ten days.
During this time, you are entitled to refuse a contract for insurance for any reason and receive a full refund of the money paid.
You do not have to give any reason behind your decision, and the insurance company cannot refuse your request to cancel your policy.
During the free look period, you will have the chance to make sure your policy meets your requirements. For instance, if you buy funeral insurance in
Minnesota, you should ensure that the price and benefits of the policy are what you were told at the beginning.
There is no need to worry about insurance if something happens. You can discard it and be free of it.
Minnesota Life Expectancy
The life expectancy in Minnesota is 80.4 years, which is higher than the national average of 79.2 years.
This means that residents of Minnesota can expect to live about 2.8 years longer than the average American.
This is good news for those who are looking to purchase life insurance in Minnesota because it means that there is a good chance that the policy will pay out.
Life expectancy in Minnesota has been on the rise in recent years. In 2010, it was 78.7 years, which means that it has increased by 1.4 years in just ten years.
This is likely due to advances in medical care and increases in healthy lifestyle choices.
How Much Burial Insurance Do I Need In Minnesota?
The amount of burial insurance you need in Minnesota will depend on a number of factors, including the cost of your funeral and burial expenses.
To get an estimate of how much coverage you’ll need, add up the estimated costs of your funeral and burial expenses.
This should give you a good starting point for how much coverage you’ll need.
You may also want to consider whether you have any outstanding debts that your loved ones will be responsible for if you pass away.
If so, you’ll need to make sure your policy has enough coverage to pay off these debts.
It’s also a good idea to review your policy on a regular basis to make sure it still meets your needs. As the cost of funerals and burials increases over time.
You can also purchase additional coverage if you feel you need it.
Burial Insurance In Other States You May Want To know About
Minnesota Guaranteed Acceptance Life Insurance
A lot of people are aware that you can get funeral insurance without answering any health questions.
In fact, guaranteed acceptance insurance is a form of life insurance that does accept everyone.
Nevertheless, if the plan does not ask any medical questions, it will take a while before the plan will pay out its full face value, even if it does not require a medical examination.
To get a better price and a higher death benefit, you should answer a few health questions and consider a policy with an immediate death benefit.
Minnesota Leading Causes Of Death
The leading cause of death in Minnesota is cancer, followed by heart disease. Other leading causes of death include
- Cancer
- Alzheimer’s Disease
- Accidents
- Heart Disease
- COVID-19
- Diabetes
- Stroke
- Hypertension
- Chronic Lower Respiratory Diseases
- Chronic Liver Disease/Cirrhosis
Our companies can cover you even if you have a list of health issues that you can see above!
The team at our company can assist you in finding a burial plan that meets your needs despite your health issues.
Because we have access to so many burial insurance companies, we are likely to be able to find you one with customized underwriting.
A waiting period is not required for many of these conditions.
How Much Does Burial Insurance Cost in Minnesota?
The cost of burial insurance in Minnesota will vary depending on a number of factors, including your age, gender, health, and the amount of coverage you need.
However, most policies will cost between $30 and $50 per month.
Age: One of the biggest factors that will affect your premium is your age. In general, younger people will pay lower premiums than older people.
Gender: Another factor that can affect your premium is your gender. In general, women tend to pay slightly higher premiums than men.
Health: Your health is also a factor that will affect your premium. If you have any health problems, you may be required to pay a higher premium.
Amount of Coverage: The amount of coverage you need will also affect your premium. In general, the more coverage you need, the higher your premium will be.
Burial Insurance Cost In Minnesota
Females
| 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 |
Males
| 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 |
What is the Average Cost of a Funeral in Minnesota?
The average cost of a funeral in Minnesota is $8,000.
This includes the cost of things like the casket, funeral services, and the burial plot.
Of course, the actual cost of your funeral will depend on a number of factors, including the type of funeral you want and the location of the funeral home.
What Are the Best Burial Insurance Companies in Minnesota?
There are a number of good burial insurance companies operating in Minnesota. Some of the best include:
- SBLI
- American Amicable
- Mutual of Omaha
- Trinity Life/Family Benefit Life
- Liberty Bankers Life
- AETNA
- Royal Neighbors
When you’re shopping for a policy, it’s important to compare policies from different companies to find the best coverage at the best price.
How to Get Burial Insurance in Minnesota
If you’re interested in getting burial insurance, there are a few things you can do to get started. First, you’ll need to decide how much coverage you need.
This will depend on things like the cost of your funeral and the amount of debt you want to leave behind.
Once you know how much coverage you need, you can start shopping around for policies. Be sure to compare policies from different companies to find the best coverage at the best price.
When you’re ready to apply for a policy, most companies will require you to take a medical exam. This is because your health is a factor that will affect your premium.
Once you’ve been approved for a policy, you’ll need to pay your first premium. After that, you’ll need to pay premiums on a regular basis to keep your policy in force.
If you have any questions about burial insurance in Minnesota, be sure to contact the Minnesota Department of Commerce.
To get an accurate estimate of how much your policy will cost, it’s best to compare quotes from different insurers. Be sure to shop around and compare policies before you buy.
We’re here to give you the insights you need to make a confident decision about burial insurance in your area.
- Minneapolis
- St. Paul
Find Minnesota Burial Insurance With This Bulletproof Plan
We will reveal our time-tested strategy to help you save money by defining what the best burial insurance is.
What does “best burial insurance” really mean? There are 3 factors that you should look for in a burial policy that ultimately determines the policy’s value.
- A financially stable insurance company
- Waiting for period-free coverage
- Cheaper than other insurers
All three of those should be included in your best plan, so look for one that meets all three criteria.
The most common type of policy does not have a waiting period.
However, if your situation is a very high risk, it may be necessary to have a 24-month waiting period.
Here’s how you can find it
A licensed agency that specializes in final expenses can help you find burial insurance.
For legal matters, you hire a lawyer. For health concerns, you go to your doctor.
The best way to get burial insurance is to work with a licensed and specialized agency.
Independent agents who represent a variety of final expense companies can help you find the right burial insurance in Minnesota by comparing policies from all the companies available.
Amazing but true.
An independent insurance agency like InsuranceForBurial.com is totally free.
It’s true, you don’t have to pay a dime.
While you may not be willing to pay for a lawyer or doctor, an insurance agency won’t cost you anything.
The insurance companies pay us directly, so we provide free services.
How InsuranceForBurial.com Can Save You A Bundle
You have many options when it comes to choosing a company to purchase your insurance.
Maybe you’re looking for yourself, or maybe you’re looking to cover a parent’s funeral. Choosing the right company is crucial.
Here are three reasons why you should consider working with us. You have questions, and we are here to answer them.
- We help you find the most affordable policy
- We help you find the best company
- We are independent and objective
What’s Next? Now that you know how we can help, it’s time to take action.
The first step is easy. Just enter your ZIP code in the box on this page.
Once you do, you’ll see a list of insurers who offer policies in your area.
You can then compare the policies side-by-side to find the one that best meets your needs.
And if you have any questions, our agents are here to help.
We’ll even help you file your claim if you ever need to.
So what are you waiting for? Get started today and find the policy you need at a price you can afford. We’re here to help you every step of the way.
Burial insurance in Minnesota is an important part of planning for your future.
Be sure to shop around and compare policies before you buy. And if you have any questions, our agents are here to help you.
Conclusion
In wrapping up, securing the right Burial Insurance in Minnesota is a crucial step to take, especially as you journey through your 50’s.
This policy offers you the reassurance that your loved ones will have a financial safety net in the unsettling event of your passing
It gives you the peace of mind that you and your loved ones are taken care of financially in the event of your death.
With so many different options available, it is important to compare rates and coverage to find the best policy for you.
Get the Quote and buy it now.
