Affordable Burial life Insurance For Final Expense

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What Is The Difference Between Life and Burial Insurance

That’s a question I get quite often. In reality, burial insurance is life insurance. Again, when I get the question, “what is the difference between burial insurance and life insurance, I always answer, nothing. However, burial insurance is life insurance for burial expenses.

Usually, burial life insurance for seniors is the most common. So the main difference between burial and life insurance is that burial insurance is a small affordable whole life insurance that is easy to get.

Overall, whole life burial insurance will cover those funeral costs. For example, when you get life insurance for burial expenses you need to apply for coverage. These are simplified whole life policies so it does not require a medical exam.

In addition, they have coverage amounts ranging from $1000-$40,000. These policies are for the long term and it is a true lifetime policy unlike other types of insurance such as term life insurance.

Should I Get Burial Life Insurance

Burial life insurance, or final expense plans, are affordable life insurance policies that simply cover a person’s last expenses, like their funeral. Generally, burial insurance is for consumers between the ages of 50 and 85. It is sometimes called final expense.

Unlike term life policies, burial insurance policies or provide permanent coverage. In fact, burial policies are for your whole life; they will not expire.

Instead, you pay for the policy, and it will cover your final expenses whenever it may be that you pass away.

affordable reliable burial insurance

Burial insurance policies have a cash value build-up feature, where you can accumulate tax-deferred savings. In some cases, life insurance for seniors over 75, a burial policy may be the only policy available depending on health.

Types of Burial Life Insurance

Choose from the following two kinds of burial insurance policies:

  1. Level Benefit — With this policy, you are covered as soon as your application is approved.
  2. Graded Benefit —With a graded benefit policy, you’ll usually need to wait two years after approval before coverage begins. If death occurs before then, the paid premiums are paid to the beneficiary plus 10%.

Graded benefit life plans are usually for those with serious health conditions. They’re a type of guaranteed issue life insurance, since you do not need to answer any health questions whatsoever to get approved, and approval is guaranteed.

These are most common for final expenses. It will be more expensive, but it may be the only option for coverage for some people that can’t get accepted with other sorts of plans. On the other hand, a level benefit plan is a bit more strict about who they allow.

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Burial Life Insurance Quotes

Earlier we went over the difference between life insurance and burial insurance. overall, burial expense life insurance is final expense insurance that will cover those end of life expenses. These include:

  • Funeral expenses
  • Estate and probate expenses
  • Medical Expenses left behind

These small burial life insurance plans will take care of these. So it is important to understand not to put life insurance vs burial insurance or burial insurance vs life insurance as they are both the same.

So let’s go over how affordable these plans are. Remember, these plans are approved usually within the same day and require minimal underwriting.

Here are some rates for young seniors ages 50-59.

50 Years Old

Gender & Rate Class$5,000$10,000$15,000$20,000
Male Level benefit$15.37$27.73$40.08$52.44
Male Graded Benefit$20.52$38.04$55.55$73.07
Male Guaranteed Issue$22.50$43.87$65.68$87.27
Female Level Benefit$13.03$23.06$33.08$43.10
Female Graded Benefit$20.94$37.05$52.87$69.87
Female Guaranteed Issue$17.69$35.83$52.74$73.93

51 Years Old

Gender & Rate Class$5,000$10,000$15,000$20,000
Male Level benefit$16.06$29.12$42.17$55.23
Male Graded Benefit$21.78$40.54$59.31$78.07
Male Guaranteed Issue$27.36$52.73$78.09$103.45
Female Level Benefit$13.43$23.85$34.27$44.69
Female Graded Benefit$19.97$36.93$53.89$72.78
Female Guaranteed Issue$19.34$36.68$54.02$79.33

52 Years Old

Gender & Rate Class$5,000$10,000$15,000$20,000
Male Level benefit$16.75$30.49$44.23$55.23
Male Graded Benefit$23.11$43.21$63.30$78.07
Male Guaranteed Issue$27.82$5363$79.45$108.75
Female Level Benefit$13.74$24.48$35.21$45.94
Female Graded Benefit$20.89$38.77$56.65$75.68
Female Guaranteed Issue$20.00$37.99$55.98$83.93

53 Years Old

Gender & Rate Class$5,000$10,000$15,000$20,000
Male Level benefit$17.32$31.62$45.93$60.23
Male Graded Benefit$24.12$45.24$66.35$87.46
Male Guaranteed Issue$28.22$54.44$80.66$114.96
Female Level Benefit$14.16$25.32$36.47$47.63
Female Graded Benefit$21.35$41.53$58.02$78.44
Female Guaranteed Issue$20.97$39.93$58.90$88.14

54 Years Old

Gender & Rate Class$5,000$10,000$15,000$20,000
Male Level benefit$18.02$33.03$48.81$64.01
Male Graded Benefit$25.33$47.65$69.97$92.30
Male Guaranteed Issue$28.68$55.36$82.04$120.36
Female Level Benefit$14.61$26.20$37.80$49.40
Female Graded Benefit$23.74$42.85$60.47$81.07
Female Guaranteed Issue$21.84$41.67$61.51$91.94

55 Years Old

Gender & Rate Class$5,000$10,000$15,000$20,000
Male Level benefit$19.15$35.09$52.87$65.84
Male Graded Benefit$26.63$50.24$73.86$97.47
Male Guaranteed Issue$29.45$56.90$84.35$125.17
Female Level Benefit$14.97$26.94$38.90$50.86
Female Graded Benefit$24.39$42.43$63.93$83.96
Female Guaranteed Issue$22.62$43.23$63.85$95.34

56 Years Old

Gender & Rate Class$5,000$10,000$15,000$20,000
Male Level benefit$19.83$36.45$53.08$69.70
Male Graded Benefit$28.02$53.04$78.05$103.86
Male Guaranteed Issue$30.27$58.55$86.62$128.77
Female Level Benefit$15.42$27.83$40.24$52.65
Female Graded Benefit$25.28$44.26$64.89$87.26
Female Guaranteed Issue$23.49$44.98$66.47$99.15

57 Years Old

Gender & Rate Class$5,000$10,000$15,000$20,000
Male Level benefit$20.55$37.91$54.80$72.61
Male Graded Benefit$29.67$56.32$82.98$109.63
Male Guaranteed Issue$31.00$60.01$89.01$131.97
Female Level Benefit$15.85$28.70$41.54$54.39
Female Graded Benefit$24.55$46.10$67.64$90.85
Female Guaranteed Issue$24.17$46.34$68.50$102.15

58 Years Old

Gender & Rate Class$5,000$10,000$15,000$20,000
Male Level benefit$21.02$39.04$57.05$75.33
Male Graded Benefit$31.36$59.70$88.05$116.39
Male Guaranteed Issue$31.65$61.31$90.96$134.77
Female Level Benefit$16.61$30.20$43.80$57.40
Female Graded Benefit$25.01$47.01$69.01$94.26
Female Guaranteed Issue$24.86$47.72$70.58$105.15

59 Years Old

Gender & Rate Class$5,000$10,000$15,000$20,000
Male Level benefit$21.80$40.59$59.38$78.17
Male Graded Benefit$32.65$62.28$91.92$121.55
Male Guaranteed Issue$32.10$62.21$92.31$136.78
Female Level Benefit$17.45$31.70$45.95$60.20
Female Graded Benefit$25.93$48.85$71.77$97.50
Female Guaranteed Issue$25.50$49.00$72.50$107.95

High Risk Burial Insurance

When it comes to high risk burial insurance we got you covered. Our same day instant approval carriers specialize in a broad range of health impairments ranging from diabetes, cancer (Last Two Years), to bipolar and mental health issues.

We offer the pinnacle funeral insurance options for our clients. In addition, make sure you have same-day coverage.


Here’s a list of standard questions about burial life insurance for final expense:

How Much Burial Life Insurance Should I get?

  • Usually, the max amount of coverage is $50,000, though that are some companies that go as high as $100,000.
  • Deciding whether or not to get life insurance for burial or cremation.

Who Should Get A Burial life Insurance Policy?

  • The most appropriate applicant would likely be an older person that does not have enough money for a term life insurance policy but does not want their family to cover their final expense.
  • Also, people that are a too high risk to get traditional life insurance can still get a burial insurance policy, guaranteed.
  • Furthermore, people that do not have any substantial debts and are without anyone that is financially dependent on them may figure that they only need the policy to pay for their final expenses.

What Are Some Of The Best Burial Insurance Companies?

Here some of our burial life insurance companies alternatives:

Here are some of the burial plans life insurance you should be cautious of:

  • Met Life Burial Insurance (High Priced and sometimes not what you think)
  • Globe Life Burial Insurance) Most of the time they sell you term and you don’t even know it)
  • American Life Burial Insurance (Not priced competitively)

Overall you have to be careful about what type of life insurance you are getting. In fact, you need to ask good questions so you get the best final expense life insurance available.

You never know what is in the fine print that these carriers such as Metlife offer. Some of these carriers try to say term life burial insurance which is a misleading term.


When applying for cheap burial insurance, you most likely won’t need to take a medical exam. However, you will have to answer some general questions. They’ll want to know how old are you, how tall you are, how much you weigh, occupation, whether or not you smoke cigarettes, etc

Since there usually isn’t a medical exam, applications are approved pretty quickly. You will need to choose between paying a monthly premium or paying on a single lump sum.

Some opt to get funeral insurance plans that include yearly/semi-annual premium payments. Again, getting a life insurance burial policy is very simple!

You’ll also need to choose your beneficiary. This can be either a loved one, or you can choose a specific funeral home. However, if you do the latter, then you’ll obviously be committed to that specific funeral home.


There are many things to consider when deciding what you want to be covered by your burial insurance policy. Let’s go over a couple of these below:

  • Your Funeral— Usually, funerals/burial costs are around $9,000. If you opt to be cremated, you can expect prices of around 3,000.
  • Any Debts — Death benefit does not necessarily have to be only for your funeral expenses. You may want to have any last debts covered in your burial insurance policy.
Funeral costs are $5000-$15,000


The younger you are when you get it, the lower your costs should be. Meanwhile, any kind of Burial insurance for seniors will be significantly more expensive.

Like for any kind of life insurance, you should shop around and compare prices before deciding on a policy. This can save you a lot of money

Rating agencies like A.M. Best provide reviews of insurance companies. You can check these out to make sure you’re only working with the best insurance companies.

Also, you may want to consider hiring an independent insurance agent. They may know exactly where to look for the most affordable policies.

More on the meaning of final expense, click here.

If you have any questions, please feel free to contact us at PinnacleQuote (855)380-3300.

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