Luis Pazos 
{What is a burial insurance policy? How does it differ from a regular life insurance policy? This article will explain everything you need to know and list the top burial insurance plans available.
Funeral costs have significantly increased over the years. These days, a typical funeral can cost around $15,000 depending on your location and burial preferences. Many families end up with unexpected debt after a loved one passes away, but you can avoid this by planning ahead.
Taking care of your family after you’re gone can be simpler than you might think.
Top 10 Best Burial Insurance Companies This Year
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Gerber
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Foresters
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American National
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Assurity
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Transamerica
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Sagicore
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Mutual Of Omaha
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United Home Life
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Royal Neighbors
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AIG
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Gerber
Best known for baby products, Gerber is also popular for burial insurance. Their guaranteed issue plans mean you won’t be declined due to health issues or pre-existing conditions. If you’re between 50 and 80, you qualify. Gerber is one of the most affordable options out there, though their face values range from $5,000 to $25,000, which might be lower than some other companies offer. However, if you don’t need a large policy, Gerber could be perfect for you. -
Foresters
Though not as well-known, Foresters Financial is worth considering for burial insurance. They offer three different plans and unique benefits, like free basic will and legal consultation for policyholders. They have level and graded benefit plans—the graded plans have a two-year waiting period. Coverage ranges from $2,000 to $35,000, and they offer additional riders for extra coverage. -
American National
American National stands out with its whole-life burial insurance policy offering up to $50,000 in coverage—double what many competitors provide. They also offer graded benefit plans up to $25,000. Their policies build cash value over time, which you can borrow against if needed. Policies over $25,000 come with a terminal illness rider, offering early access to funds if you’re diagnosed with a severe illness. -
Assurity
Assurity has excellent underwriting standards and often gives applicants level benefit policies when others would offer graded benefits. They look back only one year for major health issues versus the typical two years. This can make a huge difference in premiums and eligibility. They also have lenient rates for applicants with severe health complications. -
Transamerica
Transamerica offers great options like the Preferred Immediate Solution policy, which has no waiting period and lower rates for high-risk applicants. This plan is designed for those with severe health issues who need immediate coverage without high premiums. -
Sagicore
Sagicor has an A- rating from A.M. Best and offers three different rate classes: preferred, standard, and table rated. More rating classes mean better chances of lower premiums. Their No Lapse Universal Life plan offers up to $25,000 in coverage and never expires. They even include a free rider for chronic illness. -
Mutual of Omaha
A well-recognized company, Mutual of Omaha offers burial insurance plans for ages 45-85, with coverage up to $40,000. Their policies include an accelerated death rider, and they have a long history of providing quality life insurance. -
United Home Life
Though lesser known, United Home Life is a great option for people with severe health conditions like diabetes or Parkinson’s, offering traditional plans when others might not. They provide high coverage options up to $100,000 and accept applicants aged 20-80. -
Royal Neighbors
Around for over 120 years, Royal Neighbors offers reliable burial insurance. Their plans include Simplified Issue Whole Life and Graded Death Benefit Whole Life, with policies for ages 65-85. They offer an accelerated living benefit rider, allowing you to access up to 75% of your coverage while alive. -
AIG
AIG provides term and whole life burial insurance plans ranging from $5,000 to $25,000. These are guaranteed issue policies available to those aged 50-85. They include free riders for terminal and chronic illness.
Why Buy a Funeral Insurance Plan?
Many Americans have life insurance, but a burial insurance policy ensures your family isn’t burdened with funeral expenses. Funerals can be costly, and a burial policy can provide funds for these expenses, relieving financial stress during a difficult time.
What Is Burial Insurance?
Burial insurance helps cover your final expenses, such as funeral costs, hospital bills, and credit card debt. It’s essentially a small life insurance policy meant specifically for these costs. These plans are affordable and don’t typically require a medical exam. Coverage limits usually range from $5,000 to $20,000.
Advantages of a Burial Life Insurance Plan
Burial insurance offers peace of mind, knowing your family won’t struggle financially to pay for your funeral. It’s a great option for those who can’t qualify for traditional life insurance due to health issues or who find regular life insurance premiums too expensive.
Finding a Burial Insurance Plan
First, determine how much coverage you need based on your funeral preferences. Then, compare different insurance companies’ rates and policies. Consider factors like graded death benefit periods, as they can impact your policy’s effectiveness. The application process is straightforward and often can be completed without a medical exam.
How Much Does It Cost?
Costs vary based on factors like age, gender, health, and tobacco use. For example, a 70-year-old nonsmoking man might pay $100-$140 per month for a $10,000 policy, while a 75-year-old female smoker could pay $150 or more per month. Guaranteed issue policies are pricier but good for those with pre-existing conditions.
Should I Consider a Burial Policy?
Burial insurance is ideal for seniors or those who can’t get traditional life insurance. It’s also a good option for people who can’t afford high premiums but want to ensure their funeral costs are covered.
Bottom Line
Buying burial insurance is a thoughtful way to relieve your family from financial stress after your passing. It’s affordable, easy to apply for, and offers peace of mind. Talk to your family about your wishes and find the best burial insurance plan to fit your needs. Don’t let your loved ones face unnecessary debt—they’ll appreciate your planning.
