Burial and Funeral Insurance, Final Expense Plans – Ultimate Guide

Burial Insurance, Senior Life Insurance, and Final Expense Plans 

Burial insurance, funeral insurance, senior life insurance, and final expense insurance policies are all the same form of permanent whole life insurance plans that help your loved ones pay for burials, funerals, and final expenses such as bills or the mortgage until they can sell the  house, or even a way to leave a gift to grandchildren. 

They are all terms meaning a specific type of whole life insurance policy that can really be a blessing to your family by helping them pay for final expenses, and not having that financial burden on them.

Burial insurance / senior life insurance policies … generally pay out anywhere from $5,000 to $30,000 (sometimes ranging all the way up to $50,000) depending on the company you choose and the premium that fits into your budget. 

And remember, these are permanent whole life policies that will be there for your family when needed, not term policies that expire at certain ages.  

Do I need burial insurance / senior life insurance / final expense insurance?

The answer is likely yes.  Did you know that the average U.S. funeral costs approximately $9,000 – $12,000 ?  This includes the funeral home, service, casket or cremation, flowers, burial plot, slab, headstone, cost of digging and filling, transportation, etc… 

That number has increased by nearly 30 percent from just 10 years ago, and it’s just continuing to go up. 

While the price can always vary depending on where you live and your specific preferences, it is always wise to consider burial insurance before it’s too late rather than leave your loved ones in a potentially debt-riddled situation.

What are the benefits of senior life insurance / burial insurance plans?

Burial insurance (senior life insurance) policies are easy to qualify for, and you can choose the amount that will fit into your budget.  Also, as long as you get the right type of plan (whole life), the rates will always stay the same and the death benefit will not decrease.  In other words, it will be there for your family when needed. 

This type of coverage will be a huge relief to your loved ones because it provides nearly immediate access to resources taking that financial burden off of them.  In fact, typically within 24 – 48 hours of submitting the completed paperwork, they will have the funds needed to pay the final expenses, etc…

How to find the best burial insurance policy

This is where we can help you save a lot of time and frustration.  By using our website you can instantly compare quotes from multiple burial insurance / final expense companies.  You can also call us with any questions you have.  

Step #1: Figure out how much coverage you need

Before you do anything else, you should sit down and evaluate how much you want to leave your loved ones who will be taking care of everything.  You should also calculate any final expenses you anticipate having.

Consider what type of funeral you’d like, the service, whether you want to be buried or cremated, etc.  Take into account legal costs, medical bills, outstanding credit card bills, (mortgage payments usually at least 6 months worth) and anything else you can think of. 

Step #2: Do your research

 Make sure you look for a policy with the following features:

  • Top-rated insurance company: Ideally the company you select will have an A.M. best rating with an A- (excellent) score or better
  • Level premiums: You don’t want premiums that increase as you get older
  • No medical exam: Although you will have to answer a few medical questions 
  • Whole life policy: A policy that accumulates cash value and that will endure until the end of your life (not term insurance that expires at certain age like 75 or 80) 

Step #3: Get your quotes and decide

You’ve figured out what you need, and now it’s time to figure out what amount that you can comfortable afford and feel good about leaving your loved ones. 

You can get instant quotes from several top rated burial insurance companies by using our website, and find out exactly what you can qualify for.  We want to make sure you have the best policy for you and your family!  

Final thoughts

If you’ve made it to the end, you’ve now filled your head with knowledge on how you can best set your loved ones up for the future to avoid a financial burden. 

Taking care of this for your family is one of the most loving actions that you can take, and we want to make sure you have the help you need with this important decision. 

Contact us with any questions you may have or if you would like us to help you determine which company would be best for you.  Our toll free number 1-800-480-7198