How Much Does Funeral Insurance Cost?
Planning for end-of-life expenses is a vital step in protecting your loved ones from financial stress. One of the most common questions people ask is, “How much does funeral insurance cost?” The answer depends on several factors, including your age, health, and the amount of coverage you choose.
Average Cost of Funeral Insurance
According to Choice Mutual, the average monthly premium for a funeral insurance policy ranges from $30 to $70 for most seniors. However, your exact rate may vary based on underwriting and the type of policy (simplified issue vs. guaranteed issue).
Breakdown of Monthly Costs by Age
| Age | Male (Monthly) | Female (Monthly) |
|---|---|---|
| 50–59 | $25–$45 | $20–$35 |
| 60–69 | $35–$65 | $30–$55 |
| 70–79 | $50–$95 | $45–$85 |
Source: TruStage
What Does Funeral Insurance Cover?
Funeral insurance—also known as final expense or burial insurance—typically covers:
- Funeral home services
- Casket or cremation costs
- Burial plot or urn
- Transportation and obituary fees
- Outstanding medical or legal expenses
It’s not meant to replace a full life insurance policy but provides enough to offset common end-of-life costs, which can average over $9,000.
Why Final Expense Insurance Is Worth It
Many seniors choose funeral insurance because it’s simple, often doesn’t require a medical exam, and offers peace of mind for their family. Premiums are fixed, and benefits never decrease as long as payments are made on time.
Get a Quote from North Star Insurance Advisors
At North Star Insurance Advisors, we specialize in helping families find affordable, reliable funeral insurance tailored to their needs. Our expert agents guide you through every step—no pushy sales tactics, just honest support.
Click here to request your personalized quote or call us today.
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