Burial Insurance Plans

5 Best Burial Insurance Plans Available

Quick Tip: Compare the nation’s top rated burial insurance plans using our instant quote tool on this page.

This article is updated on a monthly basis and we often switch out the 5 best burial insurance plans as rates change, companies change their processes and our clients provide their feedback.  We are an advocate of consumers and don’t work for any specific life insurance company.

This article will cover which companies have the best burial insurance plans and explain how burial insurance works.

First we’ll give a high level overview of what burial insurance is and who it’s best for.

What is Burial Life Insurance?

Burial life Insurance is for seniors between the ages of 50-85 whose family would be burdened with funeral costs and final debts in the event of their death.

Burial Insurance is often referred to as Final Expense Insurance, because that is exactly what it offers. Coverage for the final expenses of one’s life.

Burial Insurance is used to cover expenses such as a funeral, memorial service, cremation, headstone, casket etc. Burial costs in America are between $7,000 and $10,000 on average.

This coverage can also be used to cover additional final expenses such as outstanding medical bills, legal costs, or any other debts that you owe, such as credit card bills.

Who Needs A Burial Insurance Policy?who should consider burial life insurance

As mentioned, the typical age range of a person purchasing burial life insurance is between the ages of 50 and 85. People purchase this type of coverage because the average family doesn’t have $10,000 on hand to pay for the funeral of a loved one.

This type of policy is also sometimes used as a replacement for people looking to spend a little bit less on their life insurance policy. This isn’t the best move for everyone, but depending on your age and health, it may be a better way to ease some of the financial stress that comes with the loss of a family member. These policies often have a much smaller death benefit, so the premiums will be smaller than a lot of other life insurance policy options.

Being that one of the main reasons people purchase life insurance policies to protect their family from financial distress, a burial insurance policy might be a good move for those that don’t have children to provide for or large debts that need to be paid off. If your income isn’t supporting anyone, and no one will take on your debts, this type of policy is often all you need. This will save you money if you don’t need the full benefits of a term or permanent life insurance policy.

What is the cost of burial insurance?

how much do burial expenses cost

Burial Insurance is usually purchased with a much smaller death benefit, which means a cheaper premium. As with all insurance, the cost is based on your age and health when you start. Finding the best life insurance companies that fit your specific need is one of the most important parts of getting a burial insurance plan. If you want to see real numbers based on your situation, I suggest using our Instant Life Insurance Quote Tool here. No need to guess when you can get exact numbers!

One thing to remember, is your premiums can’t increase and your death benefit cannot decrease.  Most burial insurance plans insure from $5,000 to $25,000; thereby allowing each insured to tailor a policy to meet his or her needs. A death benefit is payable upon the insured’s death.

$25,000 isn’t the most coverage you can receive from a burial insurance plan. Some companies can offer $100,000 and above as a death benefit.

5 Best Burial Insurance Plans Available

This list must be prefaced by the fact that your health plays a big role in securing the best burial insurance plan.  Every burial insurance plan will look at your health differently. One carrier may decline you for level rates and another one may approve you.

As a rule of thumb, most burial insurance plans will take you on their best rates, even if you have high blood pressure, elevated cholesterol, diabetes, sleep apnea and other common health conditions.  Even if you’ve had cancer, heart attack or stroke and enough time has passed. It’s when you’ve had recent hospitalizations in the last few years or your health issues aren’t under control.

Our advice after viewing our 5 Best Burial Insurance Plans list is to enter your information into the quote engine on this page to see what you’re looking at for rates.  THEN, speak with an independent life insurance agent to confirm you can qualify for those rates that are displayed.

With that said,

Here is our list of the Top 5 Burial Insurance Plans Available

5 best burial life policies

#1: Mutual of Omaha’s Living Promise

Mutual of Omaha has one the best priced burial insurance plans on the market.  If you can qualify with your health for their product, you won’t find a better priced product with such a strong name behind it like Mutual of Omaha.

Mutual of Omaha’s “Living Promise” is available for those ages 45-85 and you can apply for $2,000-$40,000 of coverage.  You can apply through the quote form on this page by requesting an application. You’ll get a decision on your application within 72 hours, but usually quicker than that.

You can click on the instant quote tool on this page and see Mutual of Omaha’s rates.

#2: Foresters Life Insurance’s Plan Right

Foresters isn’t a household name like Mutual of Omaha, but they’ve been around since 1874.  They’re a fraternal organization meaning they’ll include a lot of other benefits with their policies – like scholarships for children/grandchildren.  You’d think that would make their burial insurance plan’s cost more, right? Well they’re one of the best priced burial insurance plans on the market.

Foresters’ “Plan Right” is available to those 50-85 and you can secure $2,000-$35,000 of coverage.  Like Mutual of Omaha, you can apply through the quote form on this page after viewing their rates. If you’re in one of the 28 states that Foresters allows telesales applications in, then you’ll get an approval within 48 hours.

#3 AIG Guaranteed Issue

AIG, on the other hand, is a household name. Around since 1919, AIG has an awesome final expense life insurance policy called Guaranteed Issue. This policy is available to anyone ages 50-85. One of the best things about AIG, is that you are guaranteed not to be turned down for health concerns! There is no medical exam or health related questions required.

Coverage Amounts for AIG’s Guaranteed Issue Policy range from $5,000-$25,000. This policy has fixed premiums that won’t increase during the life of your policy. Using our Instant Quote Engine is a great way to find if this policy makes the most sense for your current situation.

#4 Prosperity Life Group

Prosperity Life Group has 4 key reasons for making it into our Top 5 Best Burial Insurance Plans:

  • Pricing
  • No e-sign
  • No voice sign
  • Instant Approval

Prosperity Life Group’s Burial Insurance Policy is one of the best priced around. It also doesn’t require a medical exam, but is pushed lower down the top 5 list because it does ask medical questions on the application.

The fact that you can get Instant Approval at the prices Prosperity Life Group offers, makes it a perfect candidate for our top 5 list.

#5 Assurity Life

Assurity has one of the highest A.M. Best ratings of this list with an A- rating (excellent).

Founded in 1890, Assurity is not a new face in the insurance world. They offer 3 different Final Expense Life Insurance Plans, that all offer different benefits. We suggest their level death benefit plan, which has some of the lowest prices in the industry.

Unlike AIG, you must medically qualify for Assurity’s burial insurance policy.

Use the Instant quote tool at the top of this page to see if your current health could actually help you save money with an Assurity policy.

How Are Benefits Paid On Burial Insurance Policies?

Not all burial insurance policies work the same when it comes to paying out benefits. So, it is important that you have a good understanding of just how the payout is structured. That way, your policy’s beneficiary can know what to expect if and when they need to file a claim.

There are 2 benefit levels to choose from with Burial Insurance plans.

The first is what we call level benefit: which just means that you will be paid your full death benefit regardless of when you die.

Insurance companies often protect themselves, however, by offering funeral insurance plans with a graded benefit: This means that the insured has a waiting period before being eligible to receive the full policy amount in benefits. Typically this waiting period is 24 months but will differ between companies.


Level Benefit Graded Benefit
Paid full benefits upon death, regardless of date Waiting period after death before receiving full payout
Full amount paid out immediately Up to 24 month waiting period
Less expensive More expensive


Some of the best burial insurance policies will pay out 100% of the stated amount of the death benefit, regardless of how long the policy has been owned when the insured passes away. In other cases, though, the policy may have graded benefits. Here, if the insured passes away within the first few years of owning the burial insurance policy, the beneficiary will only receive a certain percentage of the total stated death benefit.

There are still other types of burial insurance policies where the death benefit may consist of only the amount of paid-in premiums if the insured dies within the first few years of policy ownership. Then, after a certain amount of time has passed, if the insured passes away, the stated amount of benefit would be paid.

With this in mind, it is always a good idea to compare several plans so that you can ensure that you’re obtaining the right plan for you and your specific needs. Doing so can entail taking a look at several policies, as well as comparing the best burial insurance companies, prior to making your final decision.

In most cases, the proceeds from one of the best burial insurance policies will be paid out quickly to your beneficiary. And, if you choose to do so, you may even name a funeral home as your beneficiary, so that the proceeds from the policy are paid directly to that entity.

Burial insurance can be either term or permanent. With a term policy, the plan can be very affordable – and you can choose from many different options with regard to how long your coverage lasts. Comparing from several different plans can help you to choose the best burial insurance policy for your budget and your needs.

Should You Consider Burial Insurance Coverage?

is burial life insurance right for me

As you move through the changes in your life, it is important that you ensure your overall financial plan is in-tact. This will oftentimes include a plan for covering final expenses so that loved ones don’t have to invade savings and / or sell off other assets in order to come up with the needed funds.

If you don’t have life insurance in place – or even if you do have life insurance, but you do not have an adequate amount of coverage – then adding one of the best burial insurance policies can be an affordable way to supplement that protection.

In many instances, burial insurance policies are not difficult to qualify for, as they often do not require that you undergo a medical exam as a part of the underwriting process. This means no blood test to go through – and no lengthy health questionnaire. Therefore, coverage can often be obtained easily and quickly for the added protection that you need.

How to Find the Best Burial Insurance Coverage

We can help you to narrow down your burial insurance policy options, as well as to provide you with premium quotes. Our company works with many of the best burial insurance companies, so we can show you quotes from quality carriers, and offer peace of mind for your loved ones. No matter what your particular life insurance requirements are, the independent agents at Spectrum Insurance Group will be able to assist in matching you with the best life insurance company for your needs.

Getting quotes for the best burial insurance doesn’t have to be a challenge – If you need a term life insurance premium quote quickly, we can help. Simply fill in the information on the instant quote box. We work with the best burial insurance companies in the industry, and we can provide you with the details that you need immediately – so that you can make a coverage decision today, or use the information to compare with your overall financial plan. Start now by completing our FREE instant life insurance quotes form and you will have immediate access to the best life insurance rates available.


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