Burial Insurance

Demystifying Burial Insurance: A Comprehensive Guide to Comparisons, Costs, and More

When planning for life’s final stage, burial insurance, also known as final expense insurance, offers peace of mind by covering end-of-life expenses. This article will help you understand how to compare quotes, assess the pros and cons, grasp the pricing elements, and explore ways to save on your burial insurance policy.

Comparing Burial Insurance Quotes

  1. Understand Your Needs: Determine the amount needed to cover your final expenses including funeral costs, debts, and any other end-of-life expenses you anticipate.
  2. Collect Quotes: Obtain quotes from multiple insurance providers to get a sense of the range in pricing.
  3. Analyze Policies: Look carefully at policy specifics such as coverage limits, waiting periods, and exclusions.
  4. Evaluate the Insurer’s Reputation: Research the insurer’s financial stability, claims handling process, and customer service ratings.

Pros and Cons of Burial Insurance


  1. No Medical Exam: Burial insurance often doesn’t require a medical exam, making it accessible for those with health concerns.
  2. Fixed Premiums: Premiums typically remain constant for the life of the policy.
  3. Peace of Mind: Provides financial relief to loved ones during a difficult time.


  1. Limited Coverage: Burial insurance generally offers lower coverage limits compared to traditional life insurance policies.
  2. Higher Costs: Because it’s usually based on age and does not require a medical exam, burial insurance can be more expensive per dollar of coverage than other types of life insurance.

Understanding Pricing and Saving Money

Pricing for burial insurance is typically based on age, gender, and whether you smoke. It doesn’t usually factor in health conditions. To save money:

  1. Buy Early: The younger you are when you buy burial insurance, the lower your premiums will be.
  2. Maintain a Healthy Lifestyle: Non-smokers generally receive lower premiums.
  3. Compare Quotes: Premiums can vary significantly between companies for the same coverage amount.

Comparisons and Top Companies

When comparing insurers, consider their financial strength, customer service, and product offerings. As of my last update in September 2021, some top companies offering burial insurance include Mutual of Omaha, AIG, and Gerber Life Insurance.

“Best” and “worst” can be subjective, so conduct thorough research, including reading customer reviews and checking ratings from reputable sources.

Agents vs Brokers vs Direct

Agents and Brokers: Agents represent specific insurance companies, while brokers work with multiple insurers. Both offer personalized service, but brokers provide wider comparisons.

Direct: Many insurers allow you to get quotes and purchase policies directly from their websites, offering speed and convenience but lacking the personalized service of an agent or broker.

Buying Burial Insurance Online vs In-Person

Online: Buying online allows for quick quotes, policy customization, and convenience.

In-Person: Purchasing in-person can offer personalized service and immediate answers to your questions but may be more time-consuming.

Is Burial Insurance Mandatory or Optional?

Burial insurance is completely optional. However, it can be a useful tool to ensure your final expenses don’t become a burden to your loved ones.

In conclusion, burial insurance provides a valuable safety net for end-of-life expenses. It’s important to compare quotes, understand pricing, and make an informed purchasing decision to ensure you secure the best policy for your needs and budget.