$10,000 Whole Life Insurance Cost 2023
Posted in Burial Insurance last updated on August 9, 2023If you need a $10,000 whole life insurance policy look no further. We specialize in this type of insurance, especially for seniors wanting to make sure their cremation, funeral, and burial are covered so their family is not stuck with a big bill of $10,000 or more depending on the funeral.
This is the whole point about final expense life insurance. Making sure you have the right policy at your specific age with a proper death benefit to reflect the cost of the funeral. In addition to this you will always see different marketing terms for $10,000 whole life insurance like “regulated by state” or “burial insurance” etc.
It’s all the same thing, permanent life insurance with no medical exam required to provide a quick payout to your family at an affordable monthly premium.
In this article we will cover everything you need to know about a $10,000 whole life insurance so your family is protected when you die.
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$10,000 Whole Life Insurance Cost Sample Rates
Below you are going to see quotes from our quoting tools that will show you how much a $10,000 whole life insurance policy for final expense costs on average.
These rates are extremely accurate and will help you with making your informed decision on purchasing a $10,000 final expense whole life insurance policy. We have included the costs of a $10,000 whole life policy from young adults to seniors all the way up to age 90.
In addition to this, you will also see the recommended life insurance companies available to you according to your age to purchase the $10,000 funeral insurance.
| Age | $10,000 Male Non Smoker Sample Quotes | $10,000 Male Smoker Sample Quotes | $10,000 Female Non Smoker Sample Quotes | $10,000 Female Smoker Sample Quotes |
|---|---|---|---|---|
| 19 | $12.87 | $16.59 | $12.03 | $13.74 |
| 20 | $13.19 | $17.02 | $12.13 | $15.40 |
| 21 | $13.50 | $17.46 | $12.74 | $17.02 |
| 22 | $14.17 | $18.18 | $13.06 | $17.05 |
| 23 | $14.54 | $18.51 | $13.77 | $17.08 |
| 24 | $15.43 | $19.19 | $15.16 | $17.10 |
| 25 | $15.95 | $20.00 | $15.28 | $17.39 |
| 26 | $16.28 | $20.83 | $15.40 | $17.69 |
| 27 | $16.61 | $21.75 | $15.51 | $17.95 |
| 28 | $16.92 | $22.15 | $15.61 | $18.22 |
| 29 | $17.25 | $22.54 | $15.73 | $18.48 |
| 30 | $17.57 | $23.07 | $16.09 | $19.06 |
| 31 | $17.97 | $23.60 | $16.45 | $19.66 |
| 32 | $19.84 | $24.25 | $16.79 | $20.21 |
| 33 | $20.34 | $25.00 | $17.12 | $20.75 |
| 34 | $20.93 | $25.83 | $17.45 | $21.28 |
| 35 | $21.53 | $26.59 | $17.99 | $21.89 |
| 36 | $22.14 | $27.37 | $18.54 | $22.50 |
| 37 | $22.84 | $28.18 | $19.06 | $23.08 |
| 38 | $23.54 | $29.08 | $19.55 | $23.62 |
| 39 | $24.34 | $29.87 | $20.05 | $24.18 |
| 40 | $23.13 | $30.66 | $20.70 | $24.98 |
| 41 | $23.62 | $31.43 | $19.75 | $25.80 |
| 42 | $24.11 | $32.21 | $19.93 | $26.57 |
| 43 | $24.64 | $32.93 | $20.10 | $27.30 |
| 44 | $25.18 | $33.41 | $20.38 | $28.03 |
| 45 | $25.79 | $34.00 | $20.88 | $28.80 |
| 46 | $26.43 | $34.57 | $21.43 | $29.55 |
| 47 | $27.10 | $35.17 | $22.01 | $28.06 |
| 48 | $27.71 | $35.58 | $22.33 | $28.56 |
| 49 | $27.35 | $38.27 | $21.78 | $29.22 |
| 50 | $28.29 | $39.47 | $23.56 | $30.14 |
| 51 | $29.26 | $40.77 | $24.48 | $31.06 |
| 52 | $30.31 | $42.22 | $25.09 | $32.72 |
| 53 | $31.47 | $43.83 | $25.62 | $34.54 |
| 54 | $32.77 | $45.44 | $26.26 | $38.99 |
| 55 | $34.25 | $48.12 | $27.11 | $40.85 |
| 56 | $35.88 | $52.06 | $28.20 | $42.71 |
| 57 | $37.69 | $54.25 | $29.51 | $42.30 |
| 58 | $39.64 | $56.72 | $31.70 | $43.61 |
| 59 | $40.10 | $55.60 | $31.00 | $44.50 |
| 60 | $41.84 | $56.72 | $31.70 | $43.61 |
| 61 | $43.76 | $59.64 | $32.87 | $45.19 |
| 62 | $46.41 | $63.28 | $34.51 | $47.48 |
| 63 | $49.07 | $67.72 | $36.06 | $49.78 |
| 64 | $51.22 | $69.53 | $37.72 | $52.07 |
| 65 | $53.58 | $72.72 | $39.36 | $54.36 |
| 66 | $56.48 | $76.06 | $41.01 | $56.66 |
| 67 | $59.85 | $80.53 | $43.44 | $60.22 |
| 68 | $63.18 | $84.67 | $45.86 | $63.60 |
| 69 | $66.84 | $89.65 | $48.29 | $66.09 |
| 70 | $70.79 | $94.64 | $50.81 | $70.45 |
| 71 | $73.15 | $98.31 | $53.24 | $72.18 |
| 72 | $78.81 | $103.97 | $56.20 | $75.86 |
| 73 | $83.99 | $109.94 | $58.46 | $79.74 |
| 74 | $89.46 | $116.69 | $63.55 | $84.14 |
| 75 | $94.87 | $123.65 | $67.78 | $88.66 |
| 76 | $99.97 | $132.48 | $72.41 | $94.42 |
| 77 | $107.04 | $141.32 | $78.25 | $101.63 |
| 78 | $114.13 | $150.57 | $83.51 | $108.24 |
| 79 | $122.13 | $161.81 | $88.44 | $115.15 |
| 80 | $129.52 | $171.23 | $93.41 | $125.01 |
| 81 | $139.73 | $181.75 | $98.43 | $135.14 |
| 82 | $149.95 | $192.98 | $106.21 | $147.04 |
| 83 | $160.16 | $204.65 | $113.96 | $160.56 |
| 84 | $171.02 | $219.19 | $121.31 | $170.76 |
| 85 | $181.88 | $237.28 | $128.55 | $179.58 |
| 86 | $192.74 | $257.57 | $135.90 | $192.35 |
| 87 | $236.25 | $337.32 | $171.33 | $237.32 |
| 88 | $276.68 | $353.99 | $205.98 | $253.99 |
| 89 | $317.10 | $370.65 | $240.63 | $278.99 |
| 91 | $387.32 | $387.32 | $337.32 | $337.32 |
| 90 | $357.53 | $378.98 | $275.28 | $303.99 |
$10,000 Whole Life Insurance What is it, How Does it Work?
A $10,000 whole life insurance policy is permanent plan which means coverage never expires. In addition to this it builds cash value and is used for final expenses. The way a $10,000 whole life insurance policy works is by providing a quick payout to the beneficiary typically in 24-48 hours of a death certificate.
This provides the beneficiary with the funds to pay your funeral costs when you die.
How much Does a $10,000 Whole Life Insurance Policy Cost?
A $10,000 whole life insurance policy cost’s $83.99 monthly for Mutual of Omaha based on a male born on 2/2/1950 non-smoker. That is an example rate it can be different depending on your birthdate that is why we have the quoter to the right of this page.
Depending on your medical history this can make the difference between a guaranteed issue policy or an immediate benefit policy.
Immediate Benefit Policy
This is always going to be the best life insurance rate because youre considered healthy by the life insurance companies therefore due to your health issues if any the insurance offer for the rate is going to be as low and competitive as it gets.
Guaranteed Issue Policy or Graded
These types of policies are always around 10 – 20% more expensive than immediate benefits because the life insurance company issuing the $10,000 whole life insurance coverage determines you have a low life expectancy due to your health conditions. This results in higher rates on life insurance quotes but you can still be insured no matter your health issue regardless of the higher premium.
The maximum waiting period for GI or graded policies is usually 2 years unless you get one of the worst brands out there we have linked below to help you avoid those bad brands.
Worst Brands for Seniors Avoid like the Plague: Colonial, AARP, Opencare, ASB, LH, Trustage, Globe, NF, Ladder, Ethos, LIS
Keep in mind that GI or graded policies still build cash value which can be used if you need to quick cash to pay for something.
We have included below quotes for 10,000 whole life insurance for each age range.
To see a custom quote for your or your loved one fill out the form to your right.
Do not Buy Term Life Insurance
Term terminates to make it simple, this type of coverage is for replacement of income or covering a mortgage which is why when the term length expires the coverage with double or triple in price if you were to try and renew the coverage.
It is not permanent which means it is not reliable for something as certain as paying for a funeral.
Best Companies to Purchase a $10,000 Whole Life Policy With
- Mutual of Omaha Life Insurance
- Transamerica Life Insurance
- Royal Neighbors of America Life Insurance
- Greek Catholic Union Life Insurance
- Prosperity Life Insurance
- Aetna Final Expense Accendo
- American Amicable Final Expense
- American General Life Insurance (AIG)
- Great Western Life Insurance
- Gerber Life Insurance
- Guarantee Trust Life Insurance
10,000 Life Insurance for Seniors Q&A
How Much is a $10,000 Life Insurance Policy Per Month?
Rates are based on age, health, lifestyle, and gender. This means accurate pricing is going to range between $50 – $200 a month. Now for a senior born on 2/2/1950 non-smoker male in perfect health for a 10,000 whole life insurance policy, the monthly premium would be $88.73 a month.
What is the Cash Value of a $10000 Life Insurance Policy?
The cash value depends on the policy and the insured. You can request a cash value illustration from your agent or the insurance carrier that provides the policy.