Affordable Life Insurance Protection for Your Family

How Much Burial Insurance Do You Need?

If you’re planning for the future you may be wondering about the cost of your final expenses, including how much burial expenses cost.

How Much Burial Insurance Do You Need?

Did you know the average cost of a funeral and burial in America is around $8,500

That’s right, according to a recent survey of the National Funeral Directors Association. 

These final costs usually include your funeral, burial, flowers, casket, headstone, burial plot, memorial service, hearse, embalming and other related costs. 

Many people plan ahead and choose to purchase a burial policy so their family members will not have to carry the financial burden of paying for a burial, and other end of life expenses. 

By purchasing burial expense insurance, you can rest assured you have prepared for the inevitable, and made certain the cost of your burial and funeral expenses are paid for, without creating any undue financial burden for the ones you love. Get a free Burial Insurance Quote.

 

How Much Does a Burial and Funeral Cost?

The average burial and funeral costs around $8,543 today.

That is up significantly from about $6,000 from the turn of the 21st century. This figure is according to a recent survey conducted on behalf of the National Funeral Directors Association.

There are many contributing factors as to why funeral and burial costs have risen, but the essential components of the burial remain the same, including:

  • Burial 
  • Burial Casket
  • Basic Services
  • Grave Marker
  • Memorial Service
  • Remembrance Cards
  • Clothes or Shroud
  • Burial Plot
  • Funeral
  • Embalming
  • Flowers
  • Hearse

 

There may be other expenses associated with your burial depending on the funeral home that you choose and the type of burial casket, grave marker, and services you want provided. 

For example, a chapel service can run you a considerable amount, especially if the service is conducted at a facility separate from the funeral home.

 

How Much Burial Insurance Can I Buy?

Usually, insurance carriers offer between $2,500 and $20,000 of life insurance to cover burial related expenses. However, one highly-rated insurer offers up to $25,000 of insurance.

 

Do I Have to Take a Health Exam?

No. Usually, most burial policies are available with no medical examination required.

 

What if I Have Health Problems?

No. There are burial policies available with Guaranteed Approval for anyone who meets the age requirements. For instance, one insurer offers guaranteed issue burial insurance for people ages 45 to 85.

 

Can I Buy Burial Coverage for My Spouse?

Yes. If you are married, you may purchase a burial life insurance plan on your spouse.

What are the Top Burial Insurance Companies?

 

What If I Change My Mind?

If you decide after buying a policy that you no longer want the insurance, you may cancel your coverage at any time. Usually, these plans come with a Free Look Period of up to 30 days or more. That means, you have until the end of the Free Look Period to return your policy for a full refund of all premiums paid. If you cancel after the Free Look Period, you usually get back a pro-rated portion of the premiums you have paid.

 

Burial Insurance Companies

 

Here is a review of some of the leading insurance companies offering guaranteed issue life insurance coverage to pay for your funeral and burial costs.

 

United of Omaha

  • Up to $25,000 of coverage age 45-85 in most states
  • No doctor exam and no health questions asked
  • Guaranteed Acceptance
  • 60 day money-back guarantee.
  • Two year limited benefit period

 

Met Life

  • Rates as low as $10 per month.
  • Guaranteed Issue for ages 45-75.
  • Up to $20,000 of coverage available.
  • No medical examination required.
  • Two year limited benefit period.

 

AARP/NewYork Life

  • Up to $15,000 permanent group life insurance
  • Exclusively for AARP members
  • No medical exam and no health questions
  • Two year limited benefit period

 

Colonial Penn

  • Exclusively for ages 50 - 85 (most states)
  • You cannot be turned down because of your health
  • There are no health questions asked and no physicals to take
  • Two year limited benefit period

 

Burial Insurance Quotes

 

Top Pick – United of Omaha
United of Omaha offers guaranteed acceptance burial 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 – Met Life

MetLife offers guaranteed issue life insurance for people age 45 to 75. Choose $2,500 up to $20,000 of coverage. Rates start as low as $10 per month. There’s no medical exam and no health questions. You cannot be turned down. 

 

 

How Much Burial Insurance Do You Need?

Burial Insurance for Family Members

 


Disclosure: Compensated Affiliate