Burial Insurance in Arkansas: Coverage, Providers & Costs
Posted in Burial Insurance by State last updated on March 8, 2024If you are looking to buy burial insurance in Arkansas you are in the perfect place. We are a life insurance agency licensed to sell final expense insurance in the state of Arkansas. We can help you find a burial policy for seniors in this state.
Inflation is inevitable and this goes for burial and cremation for seniors as well, luckily securing affordable coverage is as simple as filling out our quote form to compare companies and costs in Arkansas.
Especially if you are age 60, 70, and 80.
Now if you are wondering how burial insurance works, its benefits or types of coverage we are going to cover all of that in this article. We are going to include average costs, best companies, qualification based on health and the free look period.
Table of contents
- Understanding Final Expense Life Insurance In Arkansas
- Burial Insurance Arkansas Costs for Age’s 19 – 91
- How Does Burial Insurance in Arkansas Benefit You?
- Best Life Insurance Companies in Arkansas
- Free Look Period In AR
- Funeral Services costs in Arkansas
- How to Get Burial Insurance in Arkansas
- Best Life Insurance Plans for Moderate Health
- Guaranteed Issue Plans
- Prepaid Funeral Services Not a Good Idea
- Who Has the Best Final Expense Insurance?
Understanding Final Expense Life Insurance In Arkansas
A final expense like its burial insurance(cremation & funeral insurance) counterpart is a marketing term for simplified issue whole life insurance.
These marketing terms express the actual need for the coverage and what it is intended for. Other terms would be burial expense insurance for Arkansas.
Whole life insurance is permanent life insurance with a face amount typically between $1000-$50000 designed to cover the end of life expenses like funeral services. Funeral homes can even be named as beneficiaries on most policies.
Your typical funeral director would receive the cash pay-out for these policies when the carrier pays your loved ones the death benefit. Resulting in peace of mind and the burden being lifted from your family.
The best part about these policies is no one can be denied regardless of health. Our agents are highly trained to do their best to get you day one coverage on approval!
We specialize in providing the best burial policy for seniors in Arkansas.
You are going to see sample quotes for burial insurance Arkansas pulled straight from our quoter.
We can cover all of these age groups for burial insurance in Arkansas, we even provide final expense insurance for young adults. If you are looking for funeral insurance in Arkansas work with us to get coverage with the available companies listed.
Burial Insurance Arkansas Costs for Age’s 19 – 91
| 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 |
How Does Burial Insurance in Arkansas Benefit You?
Burial insurance in Arkansas pays a tax free death benefit to your beneficiary on your policy when you die.
Your beneficiary then uses the check from the life insurance company to pay for your funeral costs. If any money is left over your beneficiary can keep it and do as they see fit.
The policy also builds cash value that you can borrow against while you are alive to use for any purpose. In addition to this some final expense plans having additional benefits with policy riders.
If you have an accelerated death benefit rider this allows you to draw money from the death benefit amount of your life insurance policy.
This is typically referred to as living benefits in life insurance because it is a benefit you can use while you are alive.
Best Life Insurance Companies in Arkansas
If you are unfamiliar with burial insurance in Arkansas and life insurance being the same thing just with different marketing names you can check out our complete guide here What is a Burial Insurance Policy.
Our best burial insurance carriers in Arkansas would be:
Mutual of Omaha
Mutual of Omaha funeral insurance is one of the most affordable policies on the market. Mutual of Omaha’s living promise funeral insurance product is perfect for seniors with moderate health issues like diabetes.
For final expense insurance in Arkansas this should be your top choice.
 | Age Eligibility | Policy Brochure |
★★★★★ | 45-85 | Brochure |
| Policy Features & Benefits | Type of Policy: Whole Life(Lifetime Coverage) | Waiting Period: Graded Plan(yes) Level Plan(no) |
| Death Benefit Amounts: $2,000-$50,000 | Level Death Benefit(Death Benefit Never Decreases) | |
| Available States: All Except NY | Level Premiums(Premiums Never Increase) | |
| Cash Value Builds in Policy | No Medical Exams Required | |
| Accelerated Death Benefit Rider | Allows the insured to access a portion of the policy’s death benefit while alive for various needs such as medical bills, living expenses, and funeral expenses. | |
| Eligibility | Applicable when the insured is diagnosed with a terminal illness (12 months to live) or has been confined to a nursing home for more than 90 days without the expectation of leaving. | |
| Inclusion | Automatically included in the policy at no extra cost. | |
| Accidental Death Benefit Rider | Provides an extra death benefit equal to the policy’s death benefit in case of death resulting from an accident. | |
| Inclusion | Requires an additional charge to be added to the policy. | |
Prosperity
Prosperity New Vista is also a perfect policy for final expense insurance in Arkansas due to their extremely liberal underwriting. Most seniors can be approved for no waiting periods with this company even with health conditions like heart disease.
 | Age Eligibility | Policy Brochure |
★★★★★ | 55-80 | Brochure |
| Policy Features & Benefits | Type of Policy: Whole Life(Lifetime Coverage) | Waiting Period: Graded & Modified Plans(yes) Level Plan(no) |
| Available States: All Except SC,SD,CT,MT,NY,ND | Level Premiums(Premiums Never Increase) | |
| Cash Value Builds in Policy | No Medical Exam Required | |
| Death Benefit Amounts: $5,000-$35,000 | Level Death Benefit(Death Benefit Never Decreases) | |
| Accelerated Death Benefit Rider | Allows the insured to access the policy death benefit in the event of a terminal illness, providing funds for various needs such as living expenses or early funeral expenses. | |
| Accidental Death Benefit Rider | Doubles the policy payout if death is a result of an accident, operating similarly to other accidental riders. | |
Transamerica
Transamerica final expense insurance in Arkansas is just as affordable as Mutual of Omaha. That being said their underwriting can be more strict in some cases.
 | Age Eligibility | Policy Brochure |
★★★★★ | 45-85 | Brochure |
| Policy Features & Benefits | Type of Policy: Whole Life(Lifetime Coverage) | Waiting Period: Graded Plan(yes) Preferred & Standard Plans(no) |
| Available States: All States | Level Premiums(Premiums Never Increase) | |
| Cash Value Builds in Policy | No Medical Exams Required | |
| Death Benefit Amounts: $2,000-$50,000 | Level Death Benefit(Death Benefit Never Decreases) | |
| Accelerated Death Benefit Rider & Nursing Home Confinement | Pays the full death benefit if the insured experiences a terminal illness or is confined to a nursing home. | |
| Accidental Death Benefit Rider | Pays an additional coverage amount equal to the face amount for ages 18-70 in the event of death due to an accident. The policy payout doubles, e.g., a $15,000 policy becomes a $30,000 payout to the beneficiary. | |
| Children & Grandchildren Benefit Rider | Offers coverage between $1,000 – $5,000 for children aged 15 days – 18 years, with a maximum of 9 children covered. The coverage can be converted when the child becomes an adult. | |
American Amicable
If you are a smoker looking for affordable Arkansas final expense life insurance this is the perfect company for you. They provide the lowest smoker rates out all other funeral insurance companies in Arkansas.
American Amicable funeral insurance is also very favorable in their underwriting towards seniors with moderate health conditions.
 | Age Eligibility | Policy Brochure |
★ ★ ★ ★ ★ | 50-85 | Brochure |
| Policy Features & Benefits | Type of Policy: Whole Life(Lifetime Coverage) | Waiting Period: Immediate Benefit Plan(No) Graded & ROP Plans(Yes) |
| Available States: All Except NY | Level Premiums(Premiums Never Increase) | |
| Cash Value Builds in Policy | No Medical Exams Required | |
| Death Benefit Amounts: $2,000-$50,000 | Level Death Benefit(Death Benefit Never Decreases) | |
| Terminal Ilness Accelerated Death Benefit Rider | Allows the insured diagnosed with a terminal illness to use the entire policy death benefit (100%) for any purpose. If you have a $10,000 policy and are diagnosed with a terminal illness, you can access the full $10,000 for various needs. | |
| Accelerated Death Benefit Rider Confined Care | Provides 5% of the death benefit in monthly payments if the insured is confined to a nursing home 30 days after the policy starts. Can be used for monthly bills or other smaller expenses. | |
| Grandchild Rider | Offers $5,000 life insurance coverage per unit for a grandchild or great grandchild, with a maximum of 2 units totaling $10,000 in coverage. Costs an additional $1.00 on the monthly policy premium per unit for each grandchild. | |
| Children’s Insurance Agreement | Provides up to $6,000 in coverage for each child below age 25. Can be converted to a whole life or endowment policy when the child is over 25. Allows coverage up to 5 times the coverage amount, totaling $30,000, without demonstrating insurability. | |
| Nursing Home Waiver of Premium Rider | Waives premium payments on the policy if the insured is confined to a nursing home for over 90 days, making the insurance essentially free. | |
| Accidental Death Benefit Rider | Doubles the death benefit payout if the insured or loved one dies from an accident, with no additional cost to be added. | |
Aetna
Aetna’s accendo funeral insurance product is perfect for seniors with COPD and providing life insurance to seniors over 85.
 | Age Eligibility | Policy Brochure |
★★★★★ | 40-89(Preferred & Standard Plans) 40-75(Modified Plan) | Brochure |
| Policy Features & Benefits | Type of Policy: Whole Life (Lifetime Coverage) | Waiting Period: Preferred & Standard Plan(No) Modified Plan(Yes) |
| Available States: All Except NY | Level Premiums (Premiums Never Increase) |
|
| Cash Value Builds in Policy | No Medical Exams Required | |
| Death Benefit Amounts: $2,000-$50,000 | Level Death Benefit (Death Benefit Never Decreases) |
|
| Accelerated Death Benefit Rider | Allows the insured diagnosed with terminal, critical, or chronic illness with an expected death within 12 months to access 50% of the policy death benefit for various purposes such as bills or funeral planning. | |
| Accidental Death Benefit Rider | Pays out an amount equal to the policy death benefit for accidental death if the insured is between 40 and 70 years old. | |
| Children’s Term Insurance Rider | Children and grandchildren aged 30 days to under 18 years old can be covered for amounts ranging from $2,500 to $10,000 each. The policy can be converted to a whole life policy for the child between the ages of 22 and 25. | |
Gerber
Gerber life funeral insurance is the cheapest guaranteed issue policy for final expense insurance in Arkansas. Acceptance is guaranteed for this policy.
 | Age Eligibility | Policy Brochure |
★★★★★ | 50-80 | Brochure |
| Policy Features & Benefits | Type of Policy: Whole Life(Lifetime Coverage) | Waiting Period: Full 2 Year Waiting Period Death Within 2 Years is ROP + 10% Interest Accidental Death Within Waiting Period is Full Policy Payout |
| Available States: All States | Level Premiums(Premiums Never Increase) | |
| Cash Value Builds in Policy | No Medical Exams Required | |
| Death Benefit Amounts: $5.000-$25,000 | Level Death Benefit(Death Benefit Never Decreases) |
Guarantee Trust Life
Guarantee Trust Life final expense insurance in Arkansas has only 5 health questions on their application and a unique 2 year waiting period.
Instead of waiting a full 2 years after year 1 of being in the policy it pays 50% of the death benefit. After year 2 it pays the full death benefit. They also offer coverage for seniors up to 90 years old.
 | Age Eligibility | Policy Brochure |
★★★★★ | 50-90 | Brochure |
| Policy Features & Benefits | Type of Policy: Whole Life(Lifetime Coverage) | Waiting Period: Year 1: ROP+5% Interest Year 2: 50% of Death Benefit Paid Year 3: 100% Death Benefit Paid |
| Available States: All Except NY | Level Premiums(Premiums Never Increase) | |
| Cash Value Builds in Policy | No Medical Exams Required | |
| Death Benefit Amounts: $2,500-$20,000 | Level Death Benefit(Death Benefit Never Decreases) |
AIG
AIG funeral insurance is has living benefits incase you get diagnosed with a terminal illness. It is a guaranteed issue policy with a 2 year waiting period.
The built in riders allow the insured to borrow from the face amount of the policy if they are diagnosed with a terminal illness. This money can then be used for any purpose.
 | Age Eligibility | Policy Brochure |
★★★★★ | 50-80 | Brochure |
| Policy Features & Benefits | Type of Policy: Whole Life(Lifetime Coverage) | Waiting Period: Full 2 Year Waiting Period Death Within 2 Years is ROP + 10% Interest Accidental Death Within Waiting Period is Full Policy Payout |
| Available States: All Except NY | Level Premiums(Premiums Never Increase) | |
| Cash Value Builds in Policy | No Medical Exams Required | |
| Death Benefit Amounts: $5.000-$25,000 | Level Death Benefit(Death Benefit Never Decreases) |
These carriers are the best at providing optimal coverage with a quick payout of the death benefit. So your family doesn’t have to struggle with any debts or argue with funeral homes wind up with any unpaid medical bills or other unforeseen issues.
The companies listed above provide the best final expense insurance Arkansas.
Life Insurance Agent Pro Tip: The best & cheapest burial insurance company in Arkansas is Mutual of Omaha. They offer the cheapest burial insurance rates in Arkansas for seniors.
They are the top burial insurance companies to date.
The last thing anyone wants is their family trying to negotiate with a funeral director, it’s almost like negotiating with the mafia! Here at our agency, we understand this in fact we have had families go through these types of things.
Stay Away from the Colonial Penn Burial Insurance for 995 Plan Learn Why.
Burial expenses, funeral services you name it. We understand and we care!
Securing a quick death benefit for your family is the main goal so there is no big financial burden. By working with one of our agents you can have coverage in minutes with one of these top A-rated carriers.
Getting the best policy is all about you and your unique needs.
Free Look Period In AR
Arkansas has a 10-day free look period with any life insurance policy you purchase. If within 10 days you decide you do not want the policy you can cancel it and receive a full refund on your first premium paid.
Funeral Services costs in Arkansas
| Funeral Type | Average Costs | Services Included | Sources |
|---|---|---|---|
| Burial | $10,000 | Memorial Services, Vault, Viewing etc. | National Funeral Directors Association |
| Cremation | $7,000 | Memorial Services, Viewing etc. |
The average funeral costs are listed in the table above.
Funeral costs for Arkansas are listed in the table below to give you a comprehensive idea of how much a funeral will cost in Arkansas.
| Funeral Type | Cost in AR | Source |
|---|---|---|
| Burial with Ceremony and Viewing | $7,334 | NFDA |
| Cremation with Ceremony and Viewing | $6,405 | |
| Direct Cremation | $1671 | Funeralocity |
This means when your time comes the funeral director will be asking your family for these funds. Not very many people have this kind of money just laying around and funeral homes are not exactly known sitting around waiting for their money.
According to bankrate.com
A 2017 study showed that 73 % of consumers had outstanding debt at the time of their passing!
There are families on a daily basis falling into debt because of these circumstances.
One word, “security” is what life insurance plans provide.
How to Get Burial Insurance in Arkansas
The steps to getting burial insurance in Arkansas are listed in the table below. You can buy burial insurance with us by filling out our quote form and speaking with one of our agents.
| Steps to Apply | Description |
|---|---|
| 1. Speak with a Licensed Insurance Agent or Agency | In order to buy burial insurance you must speak with a licensed life insurance agent that sells the product. You cannot apply for majority of burial insurance products on your own. |
| 2. Answer Health Questions & Provide Your Prescriptions | You must answer the health questions on the burial insurance application & provide your medications. The Life Insurance company will look at the Medical Information Bureau Health Report and run a Script Check on you using your Social Security Number provided on the application. This allows them to asses your risk and determine if they will approve you. |
| 3. Provide the Name of your Doctor | The life insurance company will want to know the name of your doctor. In most cases they will never contact your doctor however, in some rare cases they can depending on what is found in the MIB reports. |
| 4. Electronically Sign your Life Insurance Application | When applying for burial insurance online you will sign for your application using an electronic signature. Depending on the company you apply it will be a voice signature, e-mail signature or Text message signature. |
| Instant Decision of Approval or Denial | Burial insurance does not require a medical exam which means when you submit your application to the life insurance company it is the last step. Depending on which company you applied with you will receive an instant decision on your application. Some companies or situations may take a few days for a decision. |
Best Life Insurance Plans for Moderate Health
The best burial life insurance plan levels include:
- Level – Day one Coverage
- Standard – Day one coverage
- Preferred – Day one coverage
- Modified – Limited coverage typically a return of premium plus 10%
We find level day one coverage for clients with:
- COPD
- CHF
- Mental Health Issues
- Diabetes
Just to name a few.
Guaranteed Issue Plans
Now the best thing about the guaranteed issue policies is no one can be denied regardless of health!
These policies typically have a 2-year waiting period but offer instant same-day approval. After the 2 year mark, your family will receive benefits.
With no medical exam or health, questions asked these policies are ideal for clients in extremely poor health. This is just 1 of the options for burial insurance in Arkansas.
Prepaid Funeral Services Not a Good Idea
There are a lot of problems with prepaid funeral plans. Compared to burial insurance in Arkansas.
Unlike burial insurance which pays a lump sum death benefit no matter where you die in the world. If you are relying on a prepaid burial with your local funeral home to take care of the funeral costs when you die this can be problematic.
First and foremost, if you die outside of the state where you set up your prepaid burial this can make the process of paying for your funeral difficult it could take weeks or months for the funeral home in the state you originally set up the prepaid burial to transfer any money to the new funeral home that is handling your burial.
Family Scrambling to Take out Loans
Furthermore, this means your family is going into their bank accounts to get the money together to get your funeral arrangements taken care of. We have talked with many of our clients that have or had a family member go through this scenario.
They had no peace of mind going through this experience.
It’s not a bad thing to make sure you have things done ahead of time. Pre-planning is important but it is important to pre-plan correctly this is why final expense insurance is the best way to plan for making sure you’re family is protected from your funeral expenses.
With prepaid burials, there are hidden fees that come up later on that were not taken into account. These hidden fees oftentimes make the prepaid burial not even able to cover the median cost of the service.
We have talked with clients that had family members name them as an irrevocable trust and while they did get the money it was still not enough to actually cover the funeral.
Above all, Things like Totten trusts and other methods of leaving money behind should be an inheritance for your family to enjoy not to spend on a funeral. Those types of trusts or a payable on death account for them should help serve as income replacement.
Life Insurance The Best Option
The best option to take care of your final wishes and protect your family is life insurance.
A life insurance company offers a wide range of goods and services. They offer additional coverage through accident death riders.
Other riders include:
- Accelerated Living Benefits
- Waiver of Premium Rider
- Grandchild Rider
Not only does life insurance offer additional benefits while a person is alive but they are also bound by state laws and have long-standing reputations to uphold to serve their clients.
If you die tomorrow the very first money your family will see will be from your life insurance carrier.
Who Has the Best Final Expense Insurance?
We have already listed the top carriers we recommend when it comes to the best burial insurance for seniors in Arkansas.
The truth is there is no single best company. They all have niches that make them the best for specific people.
For example:
When it comes to the best final expense and burial insurance for people with a heart attack from 2 years ago. Prosperity life would be a great fit for potential day one coverage.
Now if you have COPD from over 2 years ago Prosperity Life is not a great fit for you but our agents know which carrier would be in that case. This is why working with an agency like ours is crucial.
Our agent’s top-level training enables them to really isolate a carrier that can offer you day one coverage in most cases. If your health is just too severe for day one coverage then they will find you the best-guaranteed issue policy.
To see burial insurance quotes and speak with one of our agents fill out the form to your right.