Burial Insurance in Knoxville TN Final Expense

If you are looking for burial insurance in Knoxville TN you are in the perfect place. We will breakdown exactly how final expense insurance works, the cost, available companies, funeral costs and much more.

Related: Burial Insurance in Tennessee

Understanding Final Expense Insurance in Knoxville TN

Funeral insurance(cremation, burial, final expense insurance etc.) is a simplified issue whole life plan or guaranteed issue life insurance policy. Both are designed as permanent coverage with level premiums(premium never increases) and level death benefits(death benefit never decreases).

They have smaller death benefit amounts between $1,000 – $50,000 to cover funeral and burial expenses. The money pays out to your beneficiary in a lump sum which means they can use it for any other end of life expenses in addition to the funeral and burial costs. Cash value builds in the policy which is a small savings you can borrow against and use while you are alive.

Any other money left over after the funeral expenses is for your beneficiary to keep. In addition to this the death benefit is 100% tax free to your beneficiary. This provides peace of mind to your family because they know they will not have to come out of pocket for your funeral service. Sparing your family from any financial burden is what burial insurance in Knoxville TN is made for.

Keep in mind that there are other unforeseen expenses such as medical bills and other debts left behind your family may be responsible for. Medical bills and funeral expenses are the most common expenses left behind for families to take care of.

Cost of Burial Insurance in Knoxville TN

Funeral insurance is the most affordable option for making sure the casket and all other expenses are paid for. Below you will see our table providing a sample quote for each age available for burial whole life insurance. There are options that offer coverage to young adults all the way up to seniors as you will see below.

Keep in mind the older you get the higher the payment will be. This is why you should secure coverage with an agent today.

Age	$10,000 Male Non Smoker	$10,000 Male Smoker	$10,000 Female Non Smoker	$10,000 Female Smoker
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
90	$357.53	$378.98	$275.28	$303.99

Life Insurance Companies that Provide Final Expense Coverage in Tennessee

The best funeral insurance companies for the TN area are going to be listed below. 

1. Mutual of Omaha

Mutual of Omaha’s funeral coverage which is called their living promise product is one of the most affordable policies on the market.

2. American Amicable

American Amicable funeral coverage is very favorable to tobacco users. Their underwriting is extremely liberal which means you have a very high chance of approval.

3. Prosperity Life

Prosperity’s New Vista funeral policy is very friendly towards applicants with heart conditions. Their liberal underwriting makes them the company we recommend to applicants with a less favorable cardiac history.

4. Transamerica

Transamerica immediate solution has no height and weight requirements which means if you are obese they are perfect for you.

5. Aetna

Aetna’s funeral coverage is one of the few companies that will offer coverage to applicants over 85 years old.

6. Royal Neighbors of America

Favorable to applicants with breathing issues and no height and weight requirements.

7. Gerber

Geber life has guaranteed burial insurance approval due to this company being guaranteed issue coverage.

8. Guarantee Trust Life

GTL’s heritage funeral coverage plan only has 5 health questions.

9. AIG

American General is another guaranteed issue plan. That being said they are a top rated carrier.

10. Great Western

Great Western burial coverage is the only guaranteed issue plan that offers up to $40,000 in coverage.

Average Funeral Costs in Knoxville TN

The NFDA states that an average funeral is $10,000 when all expenses are factored in such as cemetery, vault and viewing. Now a cremation is going to be an average of $7,000. A good way to bring down the cost of your funeral is to opt for a direct funeral or direct cremation.

According to funeralocity a direct cremation would cost $1,933 on average in TN. This is a good alternative to a high funeral.

Using Funeral Insurance to Cover & Protect a Loved one

Now having the right amount of insurance is key to making sure an expensive funeral is paid. If a funeral is going to cost $10,000 on average we recommend a $15,000 policy account for inflation. That amount of insurance covers expenses when you die in full to protect your family. Anything left over is theirs to keep.

Health Determines Eligibility & Rate

Keep in mind that your health does still play a factor in determining what you can qualify for. Unlike term insurance & traditional life insurance these are simplified plans which means there are no medical exams required. That being said you will have to answer health questions for the company you are applying with.

Use these sample health questions to better understand your eligibility. The sooner you can qualify for this coverage the sooner you family does not have to worry.

Help with Death & Grief

Our top recommended specialist to counsel you through the grieving process is going to be Thriveworks Counseling Knxoville. They have the highest amount of Google reviews and still maintain a 4 star rating.

Contact us To Buy Burial Insurance in Knoxville TN

If you are looking to buy funeral insurance buy it with us. We are highly trained in the underwriting of all the final expense companies we represent which enables use to help 90% of our clients get a policy with no waiting periods. Now we have years of experience in this industry and have helped many happy clients find the best life insurance for their needs.

We pride ourselves on helping families in the Knoxville TN area.