Introduction
Burial insurance, also known as final expense insurance, is an affordable way to ensure your loved ones aren’t burdened with funeral costs after you pass. But how much does burial insurance actually cost? The answer depends on several factors, including age, gender, health status, coverage amount, and location.
In this guide, we’ll break down burial insurance costs, explain the key factors that affect pricing, and provide tips on how to find the best rates.
How Much Does Burial Insurance Cost? (2025 Estimates)
The cost of burial insurance varies based on your age, gender, coverage amount, and health status. Here’s a general price range for a $10,000 policy for different age groups:
| Age | Male (Monthly Premium) | Female (Monthly Premium) |
|---|---|---|
| 50 | $30 – $45 | $25 – $40 |
| 60 | $45 – $65 | $35 – $55 |
| 70 | $70 – $110 | $55 – $90 |
| 80 | $120 – $180 | $100 – $150 |
📌 Key Takeaways:
- Younger individuals pay lower premiums.
- Women usually pay less than men because they have a higher life expectancy.
- A larger coverage amount (e.g., $25,000 instead of $10,000) increases costs.
Factors That Impact Burial Insurance Pricing
Age
Burial insurance premiums increase as you age. A policy purchased at age 50 will cost significantly less than the same policy bought at age 70 or 80.
Gender
Women generally pay less than men for burial insurance because they have a longer life expectancy.
Health Condition
Most burial insurance policies don’t require a medical exam, but they do ask basic health questions. Your answers can affect whether you qualify for:
- First-day coverage (immediate payout upon death)
- Guaranteed issue policies (no health questions but with a 2-year waiting period)
📌 Tip: If you’re in good health, look for policies that offer first-day coverage to get a lower premium.
Coverage Amount
The more coverage you choose, the higher the monthly premium. Most burial insurance policies offer $5,000 to $25,000 in coverage.
Location (State Laws)
Not all insurance companies operate in every state, and state regulations may impact available plans and pricing.
Tobacco Use
Smokers pay higher premiums compared to non-smokers. If you quit smoking, you may qualify for lower rates after a certain period.
Type of Policy
There are two main types of burial insurance policies:
- Guaranteed Issue (No health questions, but comes with a 2-year waiting period)
- Simplified Issue (Health questions asked, but may provide first-day coverage)
📌 Pro Tip: Avoid guaranteed issue policies if you’re in decent health—they are more expensive and have waiting periods.
Burial Insurance Cost by Provider (Comparison)
Here’s a cost comparison for a 70-year-old male seeking a $25,000 policy:
| Insurance Provider | Monthly Cost |
|---|---|
| Mutual of Omaha | $225 – $250 |
| AARP | $260 – $280 |
| Colonial Penn | $275 – $290 |
Note: Prices can vary depending on state, health, and additional factors.
How to Get the Best Price on Burial Insurance
💡 Follow these tips to save money on burial insurance:
- Compare multiple providers – Don’t settle for the first quote. Check Mutual of Omaha, AIG, AARP, Colonial Penn, and others.
- Avoid Captive Agents – Some agents only sell one company’s policies, which may not be the best fit for you.
- Look for First-Day Coverage – If you’re in reasonable health, avoid guaranteed issue policies with two-year waiting periods.
- Choose the Right Coverage – Don’t overpay for a policy that covers more than your actual funeral costs.
- Consider Level Premiums – Some policies increase premiums as you age. Choose a policy with level premiums for long-term stability.
Burial Insurance vs. Life Insurance: What’s the Difference?
Many people confuse burial insurance with traditional life insurance. Here’s how they differ:
| Feature | Burial Insurance | Life Insurance |
|---|---|---|
| Coverage Amount | $5,000 – $25,000 | $50,000 – $1M+ |
| Purpose | Funeral costs, debts | Income replacement, family support |
| Medical Exam | No exam required | Often requires an exam |
| Cost | More affordable | Higher premiums |
| Payout Speed | Fast payout (few days) | Can take weeks or months |
📌 Bottom Line: If you want a policy specifically for funeral costs, burial insurance is a simpler and more affordable option.
FAQs About Burial Insurance
1. Is burial insurance worth it?
Yes, if you want to ensure your family isn’t financially burdened by funeral expenses.
2. Can I get burial insurance with no health questions?
Yes, guaranteed issue policies don’t require health questions but come with a two-year waiting period.
3. What happens if I stop paying burial insurance premiums?
If you stop paying, your policy will lapse. Some policies may have a cash value that you can borrow against.
4. How long does it take for burial insurance to pay out?
Most burial insurance policies pay out within a few days of submitting a death certificate.
Final Thoughts: Finding the Right Burial Insurance Policy
Choosing the right burial insurance policy ensures that your loved ones won’t have to worry about funeral costs.
Remember to:
✅ Compare multiple providers
✅ Choose first-day coverage if possible
✅ Avoid unnecessary waiting periods
✅ Pick a coverage amount that matches your funeral expenses
If you’re ready to find the best burial insurance rates, get a quote today and secure peace of mind for your family.
📌 Want to learn more?
- Read our guide on Best Burial Insurance Companies in 2025
- Compare Burial vs. Prepaid Funeral Plans: Which is Better?
Would you like help finding the best policy for you? Let us know in the comments below!
