Cheapest Burial insurance In Louisiana for Seniors In 2024

Are you looking for burial insurance in Louisiana(final expense, funeral, cremation insurance etc.)? Then keep reading because we will show you exactly how to get the cheapest and best coverage available in Louisiana.

Getting the best and most affordable burial insurance for seniors in Louisiana is simple and we will show you how. Burial coverage is simply final expense life insurance(simplified issue whole life & guaranteed issue whole life insurance).

They are the same thing just different marketing names. These would be whole life insurance policies with face amounts typically between $1,000 to $50,000. These policies cover funeral, burial , cremation as well as any other end of life expenses.

Premiums never increase, death benefits never decrease, and coverage never expires until you die or stop paying premiums there is also no medical exam required to qualify for these plans. Simply answer health questions & consent to medical and prescription history checks.

The way these plans work is they pay out a 100% tax free death benefit to your beneficiary via a lump-sum amount when you die. Your beneficiary uses the money to pay your final expenses and any money left over is theirs to keep for anything they need.

In this article we will cover how it works, costs, best & cheapest companies & more.

Related: Burial Insurance in All States

Understanding Burial Insurance In Louisiana

Burial insurance (funeral insurance, cremation insurance, final expense insurance ) is simplified issue whole life insurance ,guaranteed issue life insurance and in some cases prepaid funerals.

Coverage is permanent and offers amounts up to $50,000 to pay as a lump sum to your beneficiary to use for funeral and other end of life expenses. If any money is leftover after final expenses they can keep that money and use it for whatever they want.

There are no medical exams for final expense insurance due to the simplified underwriting. Only health questions, prescription and health history checks are required.

Cost of Final Expense Insurance in Louisiana Ages 19-91

Below is a table showing the average cost of funeral insurance for young adults all the way to seniors over 70, 80 and 90.

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

Best Burial Insurance Companies in Louisiana

When looking for a company to get the right insurance plan with there are factors to consider.

1. Are they A-rated? An A rating means they have done quality business over a long period of time.
2. Have they been in business for more than 70 years? The longer the carrier has been in business the more certainty you have that they are not going anywhere any time soon.

When it comes to funeral insurance these 2 factors are key. Also, do the carriers specialize in burial insurance?

This is why when it comes to companies like Globe Life and State Farm, we do not recommend them when it comes to final expense life insurance. A carrier that specializes in burial insurance is what you would need.

These carriers specialize in the senior market and have designed their plans to not only accept seniors with health conditions such as diabetes, COPD, heart attack, and stroke. But also to provide a 1 – 2 day payout for their policies.

This means your family gets the benefits fast, pays for the funeral fast, and makes grieving just a little bit easier.

The best burial insurance companies are as follows:

Mutual of Omaha

Mutual of Omaha whole life insurance for seniors would be our top recommendation for the cheapest Louisiana final expense life insurance. If you are in very good health and looking for lowest possible rates apply for their Living Promise final expense plan.

	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.

Aetna

The Accendo final expense policy from Aetna is also very affordable and good for applicants with breathing conditions like COPD(depending on timeline and severity).

	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.

Prosperity Life

The New Vista final expense plan from Prosperity is excellent for applicants with heart conditions(depending on timeline and severity). If you have had previous heart issues this would be the company to apply with for Louisiana final expense life insurance.

	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’s immediate solutions burial policy is very competitive on their life insurance premiums. In many cases they are just as cheap as Mutual of Omaha.

	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.

AIG

AIG burial insurance is a guaranteed issue policy with living benefits. There is a 2 year waiting period however if you die from an accident they will pay the full face amount of the 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 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)

American Amicable

American Amicable’s funeral coverage is very liberal in underwriting and offers extremely low rates for tobacco users. This means if you are a smoker in Louisiana looking for final expense life insurance with low rates this is a good pick for you.

	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.

Gerber Life

Gerber guaranteed issue life insurance offers arguably the lowest rates for guaranteed issue policies. If you are looking to save money on life insurance premiums and only qualify for guaranteed acceptance this is perfect for you.

	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)

Cost of Funeral Services in Louisiana

With the burials averaging between $8,000 to $12,000 and cremations $3,000 to $5,000 selecting the right amount of coverage is important.

According to worldpopulationreview the total cost including the funeral cost and end-of-life cost is $20,186!

According to US – Funerals a cremation in Louisiana is $3,900.

Most families in America do not have these funds readily available which results in a big financial burden falling on them for the burial expenses.

Working with the right Insurance Agency

Working with an agency like ours is paramount to your success in finding the perfect policy for you and your family’s needs. When working with an agency some questions to ask would be:

1. Are they captive?
2. Are they national?
3. do they represent 10 or more carriers?

To answer all of those we are non-captive meaning we do not work for any single insurance carrier. We are a national agency that works with clients throughout the USA.

Now we represent more than 10 carriers which allow our agents to shop the market for you and isolate the best carrier and rate available. We specialize in burial insurance louisiana.

Underwriting

We pride ourselves on our specialized risk assessment training. Our agents are trained to know what the in’s and out’s are of these companies. We have helped clients with health conditions such as COPD, CHF, stroke, heart attack in many cases obtain day one coverage.

In a lot of cases, we have seen other agencies put clients that qualify for day 1 coverage into policies with a waiting period.

This could be due to them being captive or only having access to 2 companies which is by no means the best way to serve you! Getting final expense insurance with no waiting period should be the primary goal.

Burial Insurance Louisiana Guaranteed Issue Policies

We have an extensive guide on this topic you can read about Guaranteed Issue Life Insurance.

Above all, there are conditions that cannot qualify for day 1 coverage ever under any circumstances. Some examples of these conditions would include:

• Alzheimer’s
• Dementia
• Mental Incapacity
• Organ Transplant
• Diabetic Amputation

As you can see those examples are major high-risk issues. If you are a type 2 diabetic just taking metformin and no other health issues a Guaranteed Issue policy would not be for you.

The best part about Guaranteed Issue policies is no one can be denied regardless of health. So if you have any of those conditions you can still be accepted!

Guaranteed Issue policies do have a 2 year waiting period for the full death benefit, however, if you were to pass within that 2 year period it would pay your family the premiums paid into it plus 10% which is an excellent rate of return so no money is lost.

Having access to all of these policies allows us to help any consumer we talk to.

Cremation Costs In Louisiana a $5,000 Death Benefit Final Expense Policy Should Do

According to US Funerals, a cremation service with a funeral is around $3,900. This means to make sure you cover your cremation costs in Louisiana you will need a $5,000 death benefit whole life final expense policy. This will 100% cover your cremation costs in Louisiana if you are planning to do a cremation when you die.

In addition to this getting funeral insurance with life insurance companies means that your burial insurance will send your beneficiary a check no matter what city you die in.

This means you have the flexibility for which funeral home you would want your family to pay to cover the cremation costs in Louisiana. Having sufficient burial insurance in Louisiana for cremation or a full-service funeral is crucial to protecting your family from any big funeral bills.

Burial Costs for Each City in Louisiana

Below we are going to list each city in Louisiana and the average burial costs to give you a comprehensive idea of how much burial insurance in Louisiana you will need.

When searching burial costs on the local level it is always important to search your specific city and check with local funeral homes. Making sure you have the right amount of final expense insurance in Louisiana takes care of everything for your family.

As long as you have the right amount of funeral insurance in Louisiana this should spare your family from any future grievances concerning your funeral costs in Louisiana.

Burial Costs for Each City in Lousiana

New Orleans – According to perfectgoodbyes.com the total cost of a funeral in New Orleans is $5,839 When all Service fees are added up.

Paramount Quote’s Mission

1. We are national & Independent. We work with the top carriers in all states to find you the best coverage for your unique needs.
2. We work with burial insurance only it is our specialty meaning our training is next to none.
3. When working with our agents they not only take the time to know you and find you the best coverage but also become your agent for life. They are always on call. We pride ourselves on developing relationships with our clients for life!