Finding Cheap Burial Insurance

Finding Cheap Burial Insurance Piggy Bank

Finding cheap burial insurance is one way of offsetting the rising cost of a funeral. It is hard to lose a loved one and having funeral expenses to pay for makes the experience even harder. The average cost of a funeral is continuously rising. It is the reason why many people look for the best cheap burial insurance policy to cover the full cost of a funeral without leaving their family in debt when they pass away.

Many people overlook the importance of having a burial insurance policy. They typically ask, is burial insurance worth it? They underestimate the rising cost of funeral expenses. If you are a senior, start having the conversation about purchasing a plan to give your family peace of mind when you pass away. Do not wait until tomorrow to get the coverage your family needs today.

Burial insurance policies can be purchased from most large insurance companies. You must be at least 50 years old to qualify. If you find it difficult to decide which type of burial insurance is best for you, we can help you. All you need to do is to fill in the instant quote on this page to get started.

Burial insurance policy can cover the cost of final expenses. Burial life insurance policies have coverage amounts that range from $1,000 to $25,000. Finding cheap burial insurance policy readily available to cover the final expenses can ease the burden on your family.

In this article, we are going to explore burial insurance and different ways of finding cheap burial insurance policy that works best for your needs.













Burial insurance also called funeral insurance or final expense insurance; this is a type of whole life insurance.

It works like other insurance plans where the death benefit from the policy can be used to cover the funeral and other final expenses (like unpaid debts and medical bills). These plans can be purchased from age 50 to 85, but some companies insure older people as long as they are medically qualified.

The premiums will never increase over the course of the policy. The death benefits are guaranteed and will never decrease. The policy cannot expire at any age as long as payment is continued.

It is also a cash policy that has a cash value component. The cash value can build up the longer you hold the policy. There is no medical exam needed as part of the application process.

Burial insurance payout is paid directly to the beneficiary when the insured dies. The payout can be used to pay the final expenses, outstanding medical bills or funeral expense.

The death benefit can be used without any restrictions. Your family can use it for whatever they need.

Burial insurance is different from Pre-Need Insurance. What is a pre-need plan? Pre-need funeral insurance plans or prepaid burial plans can be bought directly from funeral homes, and you are restricted to use that particular funeral home. If the funeral prices have risen since the policy was acquired, the family will be required to pay more.


Level benefit

  1. Having a policy with level benefits means you are entitled to a 100% death benefit payment from day one.
  2. The full amount of the policy will be paid to the burial insurance beneficiary if the insured die during the policy’s active period.
  3. Seniors with minor health issues controlled with medications can qualify for a level benefit.

Graded benefit or Guarantee Issue

  1. No waiting period burial insurance with no waiting period is the preferred option for all funeral funding and burial plans, as it gives you immediate coverage with 100% payout of the funds from day one.
  2. Partial waiting period –  These plans give you immediate partial coverage. The first 12 months of coverage will be 30 to 40% of the face amount, the following 13 to 24 months will be 60 to 70% of the face amount, and after 24 months you will have 100% coverage.
  3. Two-year waiting period (Modified or Guaranteed Issue Policy) – The best plans offer immediate coverage if accidental death occurs, a return of premiums, 8 to 10% interest on these premiums if a death occurs in the first 24 months, and a guaranteed payout of funds after 24 months.

All insurance companies have different eligibility and waiting period criteria. Here is one example of insurance companies waiting period:


Burial insurance policies are different from other kinds of life insurance because it is designed with seniors in mind. The insurance providers developed it for seniors to cover their final end of life expenses.

Even seniors with adverse health condition can still qualify. Folks can buy coverage depending on their financial needs.

Burial insurance is unique because it has a lenient underwriting process. Its relaxed underwriting enables seniors with a health condition to qualify for a policy.

Traditional life insurance will decline most of the medical conditions accepted by burial insurance policies. If you have any health problems, you can still buy a senior life insurance no waiting period policy that can protect you immediately.

Lenient underwriting with burial policies gives seniors peace of mind knowing their funeral bills will not burden their family.


Burial insurance has a lenient underwriting, but some medical conditions are a higher risk for the insurance companies.

Folks in this situation need not be sent on a wild goose chase.  A guaranteed issue final expense life insurance no exam is your best option in this case.

No health questions guaranteed issue policies guarantee your approval. You skip the medical underwriting. You will be approved regardless of your medical condtions!

While you cannot be declined for guarantee issue, some companies may require a graded benefits policy. These are waiting period life insurance policies before the policy pays out 100%.  If you die during the waiting period, most companies will repay the premium plus interest.

Burial insurance is affordable

If you’re trying to find cheap burial insurance or affordable life insurance coverage, burial insurance is the best option for you.

It has a much lower monthly premium compared to a life insurance policy. You may be able to find a $25,000 policy for less than $15 a month. And, you can buy a small coverage amount.

The most common face value folks select ranges from $1,000 to $25,000. You can buy a small amount of protection. You can only buy the amount that you need…this should have you feeling happy as a clam!

Another benefit of burial insurance is the simplicity of applying and being accepted into the plan.

It’s effortless to apply, and you will only need to complete a simple health questionnaire that you takes under 30 minutes.

There is no medical exam, to apply for burial insurance (unlike other insurance policies). Burial insurance is great if you have pre-existing conditions; you will be able to purchase a cheap burial insurance policy regardless of your health.


Burial insurance is excellent for senior customers who want to pay for their final expenses.

Seniors typically don’t have dependents that rely on their income. For older folks, burial insurance is a perfect fit. It requires minimum monthly payments that are affordable for most folks.

Burial insurance is ideal for seniors who have no life insurance policy.

If you cannot afford traditional life insurance policy due to the high monthly premiums, then cheap burial insurance is the right choice for you.

Likewise, if you’ve been declined for life insurance coverage, burial insurance will be right up your alley!

You may need burial insurance if:

  • You don’t have life insurance
  • You have no cash to pay for your final expenses
  • You are still paying medical bills and other debts
  • You have money but don’t want to use it to pay your final expenses
  • You want to leave a donation to a charitable organization


Most insurance companies offer affordable burial insurance to those aged 50 to 85. Although some companies will go even older than age 85, more insurers are increasing their availability as each generation lives longer.

Burial insurance allows the insured to pay a fixed amount for the life of the policy. The death benefit is guaranteed, and the policy will not expire as long as premiums are paid.

Burial insurance for seniors has limited underwriting and has no medical exams; seniors with many health conditions are immediately eligible.

Burial insurance is excellent for the senior customer since they don’t have dependents relying on their income. For most seniors, cheap burial insurance is a perfect fit because it will remove the pressure from family to cover their parents’ funeral expenses.


The younger you are the cheaper burial insurance cost.

Different factors determine the cost of senior life insurance:

  • Age
  • Gender
  • Height & Weight
  • Face Amount
  • Tobacco usage
  • Health condition
  • Pre-existing medical conditions

The average monthly premium for a $10,000 burial insurance policy is around $49 per month for a non-tobacco user male. Your premium amount might be higher or lower depending on the different health factors.

You can pay your premium weekly, monthly, or even annually.

If you want custom quotes, just click on the quote tool on this page to get the exact current rate for this year.


When choosing the coverage amount of burial insurance, it is important to consider specific details such as the type of policy you want.

Consider the current prices for the funeral and burial arrangements that you need; are you going to be buried, cremated, placed in a crypt or entombed?

You must plan on the way you would like to be laid to rest.

Your burial location should also be considered. Focusing on these areas will give you a better idea of what the standard inclusions will cost.

The choice of funeral service should also be a part of your planning.

These include memorial service, funeral service, and graveside costs. Other details that must be included in the cost include the type of casket, music, and flowers.

Additional expenses such as medical cost, outstanding bills can throw an unexpected wrench in your plans, so you should also give room for unexpected expenses.

Knowing these details is quintessential to give you a better understanding of the amount of burial insurance coverage you need.


Think about the benefits you desire before you request burial insurance quotes. Many companies offer these benefits, so finding the right policy will not be too complicated.

When looking for a cheap burial insurance policy, get quotes from several different companies. It’s always a good idea to take a good look at several top-rated insurance companies.

You can receive a quote on premiums without having to purchase a policy.

We can run quotes for different life insurance plans from your computer. Compare the cost of premium and benefits before deciding.

Every company is different, their monthly premiums and coverage will vary drastically. This will allow you to make an objective comparison of burial insurance that can indeed fit your needs. You can use the quote form on this page to shop for plans without giving away your personal information.

When searching for the right burial insurance company, you need to answer several questions. We can help you understand the coverage amount, the monthly premiums, and if there is a waiting period before the company will give the burial payout.

If there is no waiting period, your burial policy will be effective as soon as you make the first payment.

Finding cheap burial insurance is simple and straightforward. The application process is quick because there is no medical exam required. The insurance company will ask you a few simple questions about your age, gender, weight, height, tobacco usage, and health condition. Your banking information will also be requested to determine how you plan to pay for the policy.


The best way of finding cheap burial insurance is by shopping around and comparing prices from different companies before applying.

Working with an independent agency like Funeral Funds that represents more than 20 top-rated insurance companies will help you to find the insurance company accepting of all your health issues and will offer the lowest rates.

We are an independent agency that specializes in burial insurance. When you speak to us, you can trust that you are dealing with experts because we do not deal with any other type of life insurance.


Most insurance agents don’t make the grade when it comes to getting you the most affordable coverage. Getting affordable burial insurance doesn’t have to cost an arm and a leg.

Our job at Funeral Funds is to be the most knowledgeable burial insurance experts available. By doing so, we can knock it out of the park and get you the most accurate quote and affordable rates.

Once we know more about your age and health history, we can accurately give you burial insurance quotes from the final expense companies that are the best fit for you.

The reality is that most inexperienced and less knowledgeable insurance agents just don’t cut the mustard and will cost you loads of money by selling you more expensive policies.

It is always in your best interest to work with an independent brokerage, such as Funeral Funds. With access to all the best final expense insurance companies, we will help you understand your best options, given your current age, health, and financial situation.


What is Burial Insurance?

Importance of Burial Insurance

Burial Insurance with no Exam

Burial Insurance for Parents

Final Expense Insurance Application Process