Funeral Insurance in Chicago: Affordable Plans for Seniors & Families
Last Updated: November 11, 2025 | Written by President of Term Life Online – AU, AAI, ARM
Funeral insurance in Chicago provides peace of mind, financial relief, and certainty when your family needs it most. With funeral costs in Chicago averaging $8,000 to $14,000, having a dedicated policy ensures your loved ones don’t face financial stress during an already difficult time.
This guide explains how funeral insurance works in Illinois, who qualifies, how much coverage you need, and how to compare policies to secure the best rates.
What Is Funeral Insurance?
Funeral insurance (also called burial insurance or final expense insurance) is a small whole life insurance policy designed to cover end-of-life costs such as:
- Burial or cremation costs
- Funeral home services
- Headstone or memorial expenses
- Medical bills and outstanding debts
- Personal arrangements and estate fees
Unlike traditional life insurance, funeral insurance is easy to qualify for, even with health issues, and provides guaranteed lifetime coverage.
Average Funeral Costs in Chicago (2025)
Funeral Expense Estimated Cost Range
Full traditional funeral and burial $9,500-$14,000
Cremation with memorial service $5,000-$8,500
Direct cremation no service $1,200-$3,000
Cemetery plot and headstone $2,500-$7,000
- Because funeral expenses continue to rise yearly, locking in fixed-rate funeral insurance now can protect your family from future inflation.
Who Needs Funeral Insurance in Chicago?
You are a strong candidate if:
- You are age 50–90
- You don’t want your family burdened with funeral costs
- You prefer simple, guaranteed approval coverage
- You want peace of mind and a policy that can never be canceled
Funeral insurance is especially popular among seniors, retirees, and adults planning ahead for their final expenses.
How Funeral Insurance Works in Chicago
Feature Benefit to You
No medical exam required Easy approval, even with health conditions
Fixed monthly premium Your price never increases
Lifetime coverage Policy never expires as long as premiums are paid
Tax-free payout Funds go directly to your beneficiary
Can name a funeral home or family member You stay in control of arrangements
Sample Monthly Funeral Insurance Rates in Chicago
Rates based on non-smoker coverage.
Age $10,000 Coverage $15,000 Coverage
50 $24-$38/month $36-$58/month
60 $32-$52/month $48-$78/month
70 $46-$79/month $70-$118/month
80 $92-$146/month $136-$218/month
- Your exact rate depends on age, gender, tobacco use, and health history.
Best Funeral Insurance Companies in Chicago
These insurers are widely known for strong rates, guaranteed coverage options, and fast claims payouts:
- Mutual of Omaha
- Gerber Life
- Transamerica
- Prosperity Life
- Royal Neighbors of America
A licensed agent can help you compare these side-by-side to guarantee the best price.
How to Get the Best Funeral Insurance in Chicago
To secure the lowest rate:
- Apply before your next birthday
- Choose non-smoker rates if possible
- Avoid policies with waiting periods if you qualify for immediate coverage
- Use an independent agent, not a company salesperson
Independent agents can compare multiple companies and negotiate the lowest price for your exact situation.
Frequently Asked Questions
1. Is funeral insurance the same as burial insurance?
Yes. Burial insurance, funeral insurance, and final expense insurance all refer to small whole life policies designed to cover end-of-life costs.
2. Can I get funeral insurance if I have health issues?
Yes. Many companies approve applicants with diabetes, high blood pressure, COPD, and other conditions.
3. How fast does the policy pay out?
Most funeral insurance policies pay within 24–72 hours after the claim is filed.
Get Funeral Insurance Quotes in Chicago Today
The easiest way to find the best and most affordable funeral insurance in Chicago is to compare policies from multiple top-rated companies.
Speaking with a trusted specialist ensures you get the lowest price and fastest approval available.
You don’t need to go through this alone.
Help and guidance are always available.
Guaranteed Issue Funeral Life Insurance Quotes
Top Pick – United of Omaha
United of Omaha offers guaranteed acceptance whole life insurance for people age 45 to 85. Choose $3,000 up to $25,000 of coverage. Rates start as low as $8.80 per month. There’s no medical exam and no health questions. You cannot be turned down. You can get a quote and apply online now. Start Here to get a FREE Quote.
Highly Recommended – Gerber Life
Gerber Life offers guaranteed acceptance whole life insurance for people age 50 to 80. Choose from $3,000 up to $25,000 of coverage. Rates start as low as $17.69 per month. There’s no medical exam and no health questions asked. You cannot be turned down. START HERE to get a FREE Quote.
Resources:
- What is Funeral Insurance?
- Where Can I Buy Funeral Insurance?
- Can I Buy Funeral Insurance for My Parents?
- A.M. Best Company: Compare financial strength ratings of life insurance companies
- Life Happens.org: Learn about life insurance and review facts.
About Our Methodology
Reviewed By: President of Term Life Online – AU, AAI, ARM
- 30+ years of experience in insurance planning
How We Keep This Guide Accurate: We regularly updates our content to reflect the latest rates and industry trends. We are committed to providing transparent, unbiased information to help you make the best decision for your family.
At Term-Life-Online.com We value your trust and privacy.
Disclaimer: This is for informational purposes only. Consult a licensed professional for advice.
Disclosure: Compensated Affiliate