Final Expense Insurance In Knoxville TN Your Guide

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. Final expense insurance in TN offers great company’s and high potential for day one coverage options.

Key Takeaways

  • Burial insurance in Knoxville TN provides financial security for funeral expenses, ensuring families do not face unexpected costs.
  • Final expense insurance offers permanent coverage with level premiums and tax-free death benefits for beneficiaries.
  • A 10-day free look period allows policyholders to review and cancel their policy for a full refund if unsatisfied.
  • The average cost of a traditional burial in Knoxville ranges from $7,200 to $8,000, while direct cremation costs between $2,200 and $3,000.
  • Several reputable companies provide burial insurance options in Tennessee, making it easier for seniors and families to find suitable coverage.

Understanding Final Expense Life Insurance

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 for Seniors in East 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
Please Note: The rates shown above are strictly for illustrative purposes and represent sample quotes for individuals in standard health. Actual insurance premiums are highly dependent on your exact age, gender, state of residence, tobacco usage, and specific medical underwriting. Because health conditions (such as breathing or cardiac history) may require a specialized carrier to secure approval, your personalized quote may vary from this chart. Rates and carrier availability are subject to change. Always speak directly with a licensed independent broker to shop the market and secure the absolute lowest rate for your unique situation.

10 Day Free Look Period for TN

Every policy holder in the state of TN gets 10 days to look over their policy upon receiving it in the mail. If for any reason you are unhappy with your purchase you can cancel the policy and receive a full refund of your premium within 10 days. In addition to this final expense plans are month to month payment policies. This means you are not locked into any kind of contracts, if you are unable to make your payments due to financial reasons you can cancel your policy or let the policy lapse due to missed payment.

I get my clients asking me all the time “am I locked into a contract with this? Or can I cancel at any time?” The answer is a resounding “yes” you can cancel the plan at any time if you are unsatisfied or financially unable. Keep in mind only during the first 10 days of receiving your policy will you be refunded for cancelation. Beyond the 10 day free look there are no refunds of premiums paid.

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.

Mutual of Omaha Life Insurance, Burial Insurance, Final Expense InsuranceAge EligibilityPolicy Brochure

★★★★★

45-85Brochure
Policy Features & BenefitsType of Policy: Whole Life(Lifetime Coverage)Waiting Period: Graded Plan(yes) Level Plan(no)
Death Benefit Amounts: $2,000-$40,000Level Death Benefit(Death Benefit Never Decreases)
Available States: All Except NYLevel Premiums(Premiums Never Increase)
Cash Value Builds in PolicyNo Medical Exams Required
Accelerated Death Benefit RiderAllows 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.
EligibilityApplicable 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.
InclusionAutomatically included in the policy at no extra cost.
Accidental Death Benefit RiderProvides an extra death benefit equal to the policy’s death benefit in case of death resulting from an accident.
InclusionRequires an additional charge to be added to the policy.

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.

American Amicable, life insurance, burial insurance, final expense insuranceAge EligibilityPolicy Brochure

★ ★ ★ ★ ★

50-85Brochure
Policy Features & BenefitsType of Policy: Whole Life(Lifetime Coverage)Waiting Period: Immediate Benefit Plan(No)
Graded & ROP Plans(Yes)
Available States: All Except NYLevel Premiums(Premiums Never Increase)
Cash Value Builds in PolicyNo Medical Exams Required
Death Benefit Amounts: $2,000-$50,000Level Death Benefit(Death Benefit Never Decreases)
Terminal Ilness Accelerated Death Benefit RiderAllows 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 CareProvides 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 RiderOffers $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 AgreementProvides 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 RiderWaives 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 RiderDoubles the death benefit payout if the insured or loved one dies from an accident, with no additional cost to be added.

3. Transamerica

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

Transamerica, life insurance, burial insurance, final expense insuranceAge EligibilityPolicy Brochure

★★★★★

45-85Brochure
Policy Features & BenefitsType of Policy: Whole Life(Lifetime Coverage)Waiting Period: Graded Plan(yes) Preferred & Standard Plans(no)
Available States: All StatesLevel Premiums(Premiums Never Increase)
Cash Value Builds in PolicyNo Medical Exams Required
Death Benefit Amounts: $2,000-$50,000Level Death Benefit(Death Benefit Never Decreases)
Accelerated Death Benefit Rider & Nursing Home ConfinementPays the full death benefit if the insured experiences a terminal illness or is confined to a nursing home.
Accidental Death Benefit RiderPays 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 RiderOffers 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.

4. Aetna

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

Aetna Accendo, Final Expense Insurance, Burial InsuranceAge EligibilityPolicy Brochure

★★★★★

40-89(Preferred & Standard Plans)
40-75(Modified Plan)
Brochure
Policy Features & BenefitsType of Policy: Whole Life
(Lifetime Coverage)
Waiting Period: Preferred & Standard Plan(No)
Modified Plan(Yes)
Available States: All Except NYLevel Premiums
(Premiums Never Increase)
Cash Value Builds in PolicyNo Medical Exams Required
Death Benefit Amounts: $2,000-$50,000Level Death Benefit
(Death Benefit Never Decreases)
Accelerated Death Benefit RiderAllows 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 RiderPays 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 RiderChildren 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.

5. Royal Neighbors of America

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

6. Gerber

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

Gerber life insurance, burial insurance, final expense insurance, guaranteed issue life insuranceAge EligibilityPolicy Brochure

★★★★★

50-80Brochure
Policy Features & BenefitsType 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 StatesLevel Premiums(Premiums Never Increase)
Cash Value Builds in PolicyNo Medical Exams Required
Death Benefit Amounts: $5.000-$25,000Level Death Benefit(Death Benefit Never Decreases)

7. Guarantee Trust Life

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

Guarantee Trust Life Insurance Company, Life Insurance, Burial Insurance, Final Expense InsuranceAge EligibilityPolicy Brochure

★★★★★

50-90Brochure
Policy Features & BenefitsType 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 NYLevel Premiums(Premiums Never Increase)
Cash Value Builds in PolicyNo Medical Exams Required
Death Benefit Amounts: $2,500-$20,000Level Death Benefit(Death Benefit Never Decreases)

Average Funeral Costs in Knoxville Berry Funeral Home & Rose Mortuary

The cost of a funeral in Knox County is determined by which funeral provider you use. In addition to that having a traditional burial or cremation also affects cost. To help you get an idea of the cost we are going to mention 2 well known funeral homes in the area.

Berry Funeral Home(multiple locations in Knoxville) & Rose Mortuary generally fall into these ranges:

  • Traditional Burial: If you include the professional service fee, embalming, viewing, ceremony, a basic casket and vault will average between $7,200 and $8,000. A plot in a cemetery with opening & closing of the casket fees are separate from that average price and are determined by the local parks.
  • Direct Cremation: Direct Cremations through local Knoxville funeral homes are generally between $2,200 – $3,000.

Due to inflation we recommend getting a final expense plan between $10,000 – $15,000 to leave no financial gaps.

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 Use our Free Eligibility Tool

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.

Eligibility is determined by age, health, life style, gender & tobacco usage. Below is our free tool you can use to check your health conditions to see your eligibility for top tier carriers offering day one coverage.

Health ConditionDay One EligibilityBest Plan Option
ADL’s(Assistance of Daily Living Eating, Dressing, Toileting, Bathing)Excellent Chance
(Immediate)
Top Tier Independent Broker Plans
AIDS & HIVGuaranteed Issue Guaranteed Issue Plans(No Health Questions)
ALSModified Options ProbableGraded or Modified Broker Options
Alcohol AbuseExcellent Chance
(Immediate)
Top Tier Independent Broker Plans
Alzheimers & DementiaGuaranteed IssueGuaranteed Issue Plans(No Health Questions)
Amputation Caused by Accident (No ADLS Needed)Excellent Chance
(Immediate)
Top Tier Independent Broker Plans
Amputation Caused by Accident(ADL’s Needed)Modified Options ProbableGraded or Modified Broker Options
Amputation Caused by Diabetes or Disease(No ADL’s Needed)Guaranteed IssueGuaranteed Issue Plans(No Health Questions)
Amputation Caused by Diabetes or Disease(ADL’s Needed)Guaranteed IssueGuaranteed Issue Plans(No Health Questions)
AneurysmExcellent Chance
(Immediate)
Top Tier Independent Broker Plans
AnginaExcellent Chance
(Immediate)
Top Tier Independent Broker Plans
AngioplastyExcellent Chance
(Immediate)
Top Tier Independent Broker Plans
Assisted Living FacilityExcellent Chance
(Immediate)
Top Tier Independent Broker Plans
AsthmaExcellent Chance
(Immediate)
Top Tier Independent Broker Plans
AFIB (Atrial Fibrillation)Excellent Chance
(Immediate)
Top Tier Independent Broker Plans
Brain Tumer(Non Cancerous)Excellent Chance
(Immediate)
Top Tier Independent Broker Plans
Bipolar DisorderExcellent Chance
(Immediate)
Top Tier Independent Broker Plans
Brain Tumor(Cancerous)Excellent Chance
(Immediate)
Top Tier Independent Broker Plans
Bronchitis (Chronic)Excellent Chance
(Immediate)
Top Tier Independent Broker Plans
Cancer-Must have occured and been cured over 2 yeas ago with no further complications or medicationsExcellent Chance
(Immediate)
Top Tier Independent Broker Plans
Coronary Bypass SurgeryExcellent Chance
(Immediate)
Top Tier Independent Broker Plans
CardiomyopathyExcellent Chance
(Immediate)
Top Tier Independent Broker Plans
Cerebral PalsyExcellent Chance
(Immediate)
Top Tier Independent Broker Plans
COPD Chronic Obstructive Pulmonary DiseaseExcellent Chance
(Immediate)
Top Tier Independent Broker Plans
Circulatory SurgeryExcellent Chance
(Immediate)
Top Tier Independent Broker Plans
CirrhosisExcellent Chance
(Immediate)
Top Tier Independent Broker Plans
Congestive Heart FailureExcellent Chance
(Immediate)
Top Tier Independent Broker Plans
Cystic FibrosisExcellent Chance
(Immediate)
Top Tier Independent Broker Plans
DefibrillatorExcellent Chance
(Immediate)
Top Tier Independent Broker Plans
DepressionExcellent Chance
(Immediate)
Top Tier Independent Broker Plans
Diabetes(Without Complications)Excellent Chance
(Immediate)
Top Tier Independent Broker Plans
Diabetes(With Complications)Excellent Chance
(Immediate)
Top Tier Independent Broker Plans
DialysisGuaranteed IssueGuaranteed Issue Plans(No Health Questions)
Down SyndromeExcellent Chance
(Immediate)
Top Tier Independent Broker Plans
Drug & Alcohol AbuseExcellent Chance
(Immediate)
Top Tier Independent Broker Plans
EmphysemaExcellent Chance
(Immediate)
Top Tier Independent Broker Plans
Heart AttackExcellent Chance
(Immediate)
Top Tier Independent Broker Plans
Heart DiseaseExcellent Chance
(Immediate)
Top Tier Independent Broker Plans
Obesity & Under WeightExcellent Chance
(Immediate)
Top Tier Independent Broker Plans
Hepatitis CExcellent Chance
(Immediate)
Top Tier Independent Broker Plans
Hospitlization(Current)Guaranteed IssueGuaranteed Issue Plans(No Health Questions)
Huntington’s DiseaseExcellent Chance
(Immediate)
Top Tier Independent Broker Plans
Kidney Disease Stage 1 – 3Excellent Chance
(Immediate)
Top Tier Independent Broker Plans
Kidney Disease Stage 4 – 5Excellent Chance
(Immediate)
Top Tier Independent Broker Plans
Lupus (Systemic)Excellent Chance
(Immediate)
Top Tier Independent Broker Plans
Multiple SclerosisExcellent Chance
(Immediate)
Top Tier Independent Broker Plans
Muscular DystrophyExcellent Chance
(Immediate)
Top Tier Independent Broker Plans
Organ TransplantModified Options ProbableGraded or Modified Broker Options
Oxygen TanksGuaranteed IssueGuaranteed Issue Plans(No Health Questions)
Oxygen ConcentratorExcellent Chance
(Immediate)
Top Tier Independent Broker Plans
Pacemaker ImplantExcellent Chance
(Immediate)
Top Tier Independent Broker Plans
PancreatitisExcellent Chance
(Immediate)
Top Tier Independent Broker Plans
Parkinson’s DiseaseExcellent Chance
(Immediate)
Top Tier Independent Broker Plans
Pending SurgeryGuaranteed IssueGuaranteed Issue Plans(No Health Questions)
SchizophreniaExcellent Chance
(Immediate)
Top Tier Independent Broker Plans
SclerodermaExcellent Chance
(Immediate)
Top Tier Independent Broker Plans
SeizuresExcellent Chance
(Immediate)
Top Tier Independent Broker Plans
Sickle Cell AnemiaExcellent Chance
(Immediate)
Top Tier Independent Broker Plans
Sleep ApneaExcellent Chance
(Immediate)
Top Tier Independent Broker Plans
StrokeExcellent Chance
(Immediate)
Top Tier Independent Broker Plans
StentExcellent Chance
(Immediate)
Top Tier Independent Broker Plans
TIA Mini StrokeExcellent Chance
(Immediate)
Top Tier Independent Broker Plans
Tumor CancerousGuaranteed IssueGuaranteed Issue Plans(No Health Questions)
Tumor Non-CancerousExcellent Chance
(Immediate)
Top Tier Independent Broker Plans
Ulcerative ColitisExcellent Chance
(Immediate)
Top Tier Independent Broker Plans
Eligibility details shown above represent generalized carrier underwriting guidelines for educational purposes. Actual approval for immediate day-one coverage is subject to individual medical underwriting, prescription history checks, and final carrier approval. Call us directly to verify your specific eligibility.

Help with Death & Grief

Our top recommended specialist to counsel you through the grieving process is going to be Thriveworks Counseling Knoxville. 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 ParamountQuote Insurance Advisors! We are highly trained in the underwriting of all the final expense companies we represent which enables us 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.