What Affects the Cost of Burial Insurance?
Several factors determine your burial insurance premium. Understanding these factors helps you know what to expect when shopping for coverage.
- Age: The older you are when you apply, the higher your premium. Applying earlier locks in a lower rate for life.
- Gender: Women typically pay lower premiums than men because they have longer average life expectancies.
- Coverage Amount: Higher benefit amounts mean higher monthly premiums.
- Health Status: Applicants in good health may qualify for lower "level benefit" rates. Those with health issues may be offered graded or guaranteed issue policies at higher rates.
- Tobacco Use: Smokers generally pay 20–40% more than non-smokers.
- Insurance Carrier: Rates vary significantly between companies, which is why comparing multiple carriers is important.
Sample Monthly Premiums — $10,000 Coverage
The following table shows estimated monthly premiums for a $10,000 burial insurance policy. Actual rates depend on your specific health profile and the carrier selected.
| Age | Male (Non-Smoker) | Female (Non-Smoker) | Male (Smoker) | Female (Smoker) |
|---|---|---|---|---|
| 50 | $28–$38/mo | $22–$30/mo | $38–$52/mo | $30–$42/mo |
| 55 | $34–$46/mo | $27–$37/mo | $48–$64/mo | $37–$50/mo |
| 60 | $42–$58/mo | $33–$45/mo | $60–$82/mo | $46–$62/mo |
| 65 | $54–$74/mo | $42–$57/mo | $78–$106/mo | $58–$80/mo |
| 70 | $72–$98/mo | $56–$76/mo | $104–$142/mo | $78–$108/mo |
| 75 | $98–$135/mo | $76–$104/mo | $142–$195/mo | $106–$148/mo |
| 80 | $140–$195/mo | $108–$150/mo | $195–$270/mo | $150–$210/mo |
* Estimates only. Actual rates vary by carrier, state, and health history. Contact us for your exact quote.
Sample Monthly Premiums — $15,000 Coverage
| Age | Male (Non-Smoker) | Female (Non-Smoker) |
|---|---|---|
| 55 | $50–$68/mo | $40–$55/mo |
| 60 | $62–$86/mo | $49–$67/mo |
| 65 | $80–$110/mo | $62–$85/mo |
| 70 | $107–$146/mo | $83–$114/mo |
| 75 | $146–$200/mo | $113–$155/mo |
How to Get the Best Rate
- Apply as early as possible — rates increase with age
- Compare multiple insurance carriers (we do this for you)
- Choose the right coverage type for your health situation
- Consider quitting tobacco to qualify for non-smoker rates
- Work with an independent agent who can shop multiple companies
Is Burial Insurance Worth the Cost?
For most seniors, burial insurance is absolutely worth the cost. Consider this: if you pay $50/month for a $10,000 policy and live 15 more years, you will have paid $9,000 in premiums — but your family receives the full $10,000 benefit. If you live 10 years, you've paid $6,000 for $10,000 in coverage. The younger and healthier you are when you apply, the better the value.
More importantly, the peace of mind knowing your family won't face financial hardship at the time of your passing is priceless.
Get Your Exact Rate Today
Our licensed agent will compare rates from multiple carriers to find your best price.
Get My Free QuoteJoe Unger
Licensed AgentJoe Unger is a licensed insurance agent specializing in final expense and burial insurance for seniors in West Virginia, Ohio, and Kentucky. As an independent agent, Joe represents multiple top-rated insurance carriers to ensure clients receive the most affordable coverage for their specific needs.
Editorial Disclosure: This article was written and reviewed by a licensed insurance agent. The information provided is for educational purposes only and does not constitute insurance advice. Coverage availability and rates vary by state and individual health profile. Contact us for personalized coverage information.