What Exactly is Burial Expense Life Insurance?

Burial expense insurance, also known as final expense insurance or funeral insurance, are all the same types of insurance

Burial expense policies are whole life insurance. 

TIP: If you find a burial expense policy that is term insurance, avoid it!.

 Peace of mind with Burial Expense Life Insurance... and why it is your BEST option!

  1.  Monthly rate will never increase
  2.  Coverage amount will never decrease
  3.  Policy will never expire
  4.  No medical exam necessary 
  5.  Proceeds are 100% tax-free

That's it. No fine print. Very easy to apply for in minutes over the phone.

Our customers ask terrific questions. Below are  our favorites regarding burial expense / funeral expense insurance.

Are the proceeds tax-free?  Yes, 100% tax-free life insurance proceeds based on current tax laws.

Who is the beneficiary? Often a spouse or one of the children of the insured. The owner of the policy names the beneficiary. 

How long does it take to receive the proceeds? Once a death certificate is provided to the insurance carrier, life insurance proceeds are mailed within one week on average. 

Must I use the proceeds only for the funeral?  No. Unlike prepaid funeral plans, your beneficiary may utilize the insurance proceeds as they determine.

Must I take a medical exam to qualify for final expense insurance?  No medical exam is needed. In fact, depending on your health, there are very few medical questions.

How can I pay for my insurance policy?  The majority of our clients elect to pay via convenient, monthly, auto-withdrawal from a checking account. This takes the worry about missing an important payment.  You may also select exactly what day of the month to have your payment withdrawn. 

Where do I get a life insurance quote for a $250,000, $500,000 or $1,000,000 life insurance policy (not final expense)?  Simply click here for instant access to larger life insurance quotes.

Did you know?

There are several types of Burial Expense Life Insurance policies available for you depending on your overall health. Rest assured, we can almost always find a final expense policy that fits your budget, your health condition, and your needs.

Level Benefit Plan: 

Healthy, Lowest Rates

A level benefit plan provides you 100% coverage from day one. There is no waiting period to be protected or reduced coverage time frame. There are health questions on this application. Underwriting is very fast. Sometimes providing an immediate "approved" decision.

Graded Benefit Plan: 

Some Health Issues

A graded benefit plan generally results when you answer "yes" to any of the health questions on the graded section of the application. The majority of graded life insurance plans offer a staggered death benefit.

Pass away from an illness in year one:  Beneficiary will receive 30% of face amount of your death benefit.

Pass away from an illness in year two:  Beneficiary will receive 70% of face amount of your death benefit.

The exact payout percentages are different for each company. Use the above as an example. 

NOTE: If you pass away from an accident at any time your payout will be 100% of your death benefit. 

Modified Benefit Plan: 

Serious Health Concerns

A modified benefit plan is the most costly.  Should you pass away in the first two years due to an illness, your beneficiary will receive 100% of the premiums paid to date PLUS 10% interest (generally).  We recommend a guaranteed issue policy (lower premuims)  for people in this group. 

NOTE: If you pass away from an accident at any time your payout will be 100% of your death benefit

Guaranteed Benefit Plan: 

Highest Risk Concerns

Guaranteed issue life policy has no health questions. Acceptance is guaranteed as long as you are of sound mind and body. Policy offered with a two year waiting period. If insured passes away from an illness during the first two years, beneficiary will receive 100% of premiums paid to date returned PLUS 10% interest. Premiums are higher compared to policies that require health questions.  This type of policy recommended for individuals with severe health issues. 

NOTE: If you pass away from an accident at any time your payout will be 100% of your death benefit.

Are there limits on who is eligible for a burial expense policy?

Age bracket is 50 - 85, generally. 

Not all products for each carrier are available in all states. 

Health questions are on some applications.

No health questions available on certain applications.

Medical exam not required.

Nothing upsets us more than when a person phones us indicating they, "received a guaranteed life insurance form in the mail... the rates are so low...".  

Please beware! Many of the "mail order" final expense insurance cut-rate offers are term insurance in disguise. You may be attracted to the lower initial rates. However, your rates will go up substantially over time and worse yet, the policy will often be automatically terminated when you reach age 80. This is NOT the type of final expense insurance you are seeking. 

TIP: Avoid carriers offering term insurance masquerading as permanent (whole life) insurance, such as Globe Life and AARP.    Call us, we can help. 800.277.3098

Why is there a special life insurance policy just for burial expenses?

The attractiveness of a final expense policy is that insurance carriers offer very forgiving underwriting (do not need perfect health) for these types of policies. 

In addition, the policy's death benefits are low, so the risk pool is spread out. This offers seniors critical, affordable, permanent life insurance to pay for their important final expense needs. 

A key benefit of final expense policies is you may purchase a very low amount of insurance. Coverage generally ranges from $2,000 - $25,000.   We always suggest you select the amount of coverage you need based on your budget. 

If you need more protection, you may purchase a policy from more then one carrier.

Why buy a burial expense policy?

  • Most of us don't have $10,000 in cash lying around to pay for a funeral.
  • Not my kids responsibility to pay for my funeral.
  • I would like to pay-off my outstanding debts (credit cards, car, medical)
  • Would be nice to leave some money to my kids / grandchild (for college).

What is my next step? 

We recommend you gather final expense quotes using our easy quoting form (see below).  Or.. even quicker, call our office:  800.277.3098.

All applications completed over a brief phone call. No medical exam required. 

Your prescriptions history and the answers to the medical/health questions will determine which type of coverage you are eligible to purchase.

The phone application process takes about 15 minutes.  Signatures are completed via electronically, or voice signature or paper application (rare). 

No broker needs to ever come into your home.  You may apply from the safety and comfort in your own home. 

As an independent agency we are not committed to only one life insurance carriers.

We are happy to research the various final expense carriers to find you the best rates available. 

Our job is to find you the best policy, with the best rate and the safest carrier.  

Instant quotes or call our office.

Fast, friendly service.


Our Pledge

We pledge to offer you courteous, friendly, professional service at all times.  We are a family owned business. We help each client personally. 

You will receive our 35 + years of experience in the life insurance industry to provide you the best policy and lowest rates for your needs. 

Our goal is to make your interaction with us easy and comfortable for you at all times. 

Your questions are encouraged always.

We truly appreciate the opportunity to earn your trust and business.”

-- Jack D. Davis, Owner

Eagles Soar Enterprises, LLC.