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Burial insurance or final expense insurance is a form of life insurance policy that falls under the classification of whole life insurance, alternatively known as permanent life insurance. These kinds of insurance policies are typically purchased by seniors between the ages of 50 and 85 years-old that don’t need to have a large amount of life insurance coverage, typically ranging from $2,000 to $35,000. The main objective of the insurance coverage is to help provide your surviving family members with the needed funds to pay for either funeral costs, final debts or both.

What’s the Difference between Final Expense and Burial Insurance?

There actually isn’t a distinction other than the moniker. You might have seen life insurance plans being offered and referred to as burial insurance, final expense insurance, and even funeral insurance. All of these names are generally used terms to identify what are actually whole life insurance policies for seniors. Despite the fact that burial and final expense insurance are the same kinds of life insurance coverage, one could argue that there is a distinction in how the death benefit is planned to be used.

Burial Insurance is bought with the primary intentions of obtaining the money needed to help pay for burial and funeral expenses. Many funeral homes will even permit you to pre-pay for funeral costs by allowing you to assign your life insurance policy to them. This makes it possible for the death benefit to be paid directly to the funeral home to cover the preplanned costs of your funeral.

How Much does a moderately Priced Funeral Cost?

The cost of a traditional moderately priced funeral can depend on your geographic location and whether or not you’ve already purchased a burial plot. Fortunately, there are several websites on the internet that has the information you need and right at your fingertips.

For example, Parting.Com, a very popular website that provides considerable information about funeral and burial costs, and will help with calculating the costs based on your geographic area; offers significant information on the subject.

Today, the average North American traditional funeral costs between $7,000 and $10,000.  This price range includes the services at the funeral home, burial in a cemetery, and the installation of a headstone.  While cremation is gaining in popularity, the traditional funeral is still the most popular manner for disposing of the deceased.

Here is a reasonable “ballpark” estimate of the main funeral costs.

It’s important to notes that funeral prices vary considerably between funeral homes and geographic areas of the country,

  • fee for the funeral director’s services: $1,500
  • cost for a casket: $2,300
  • embalming: $500
  • cost for using the funeral home for the actual funeral service: $500
  • cost of a grave site: $1,000
  • cost to dig the grave: $600
  • cost of a grave liner or outer burial container: $1,000
  • cost of a headstone: $1,500

In this example, total costs would approximate $9,000….and that’s just for the “main” items.  There could be additional charges for things like placing the obituary in the newspaper and buying flowers.”  Read More…

The Benefit of Having Final Expense and Burial Insurance

Knowing that one day we are going to die is something we can prepare for. This preparation has to do with providing the funds for your surviving loved ones to cover the costs of your funeral and other final expenses that you do not want to pass on to loved ones. This planning is an act of love because you are taking steps to remove the financial burden and stress that your passing will cause.

5 Important Reason s to Consider Final Expense Insurance

Final expense insurance might just be the perfect life insurance protection you are looking for. Here are 5 very important reasons to consider final expense insurance:

Permanent Protection – Final expense life insurance is permanent as long as the premiums are paid. Its whole life insurance design provides a lifetime death benefit that will be there when it’s needed. A bonus feature is the guaranteed cash values the policy will earn over time.

Funeral or Final Expense Debts – along with the proper planning and sufficient life insurance coverage, a final expense insurance policy can furnish the funds needed for your surviving loved ones to pay for your funeral and burial costs. Along with funeral and burial costs, having the proper amount of coverage can also help to pay off any extra final expense debts.

Simple to Qualify for Coverage – Level, graded and guaranteed issue coverage solutions provide an alternative for just about everyone requiring life insurance coverage. Health conditions that may be considered high risk, or even a decline, with traditional underwriting, will probably be approved with guaranteed issue policies.

No Medical Exam Required – One of the many great features of final expense insurance is that a medical exam is typically never required to apply. That means no appointment with an examiner, no needles, and no urinalysis or blood pressure readings.

Rapid Approval – Since final expense insurance does not require an exam, the application process consists of answering medical questions to determine what type of coverage you will qualify for. By doing away with the exam component of the application process, approval times are much faster.

Our Top 5 Final Expense Insurance Company Recommendations

As an independent agency, our licensed professionals are on top of which insurance carriers are the most competitive, offer outstanding service, and offer a quick and simple underwriting process.

Insurance Company Eligible Ages Policy Type Death Benefit
  45 – 85 Level, Modified, Graded $20,000 – $40,000
  50 – 80 Guaranteed Acceptance $5,000 – $25,000
  50 – 85 Level, Graded $2,000 – $30,000
50 – 85 Level, Modified, Graded $2,000 – $35,000
  40 – 80 Level, Modified, Graded $5,000 – $50,000


For more information about any of the many Final Expense Insurance companies that we represent, call the insurance professionals at The Lunsford Agency for a free and confidential quote at (740) 779-0246 during normal business hours, or contact us through our website at your convenience.