Burial Insurance in Memphis TN Definitive Guide
Posted in Burial Insurance by State last updated on July 4, 2026Burial insurance in Memphis TN(final expense life insurance, simplified issue whole life insurance, cremation insurance, funeral insurance etc.) is meant to cover your end of life expenses(specifically burial, cremation and miscellaneous costs like out standing debts etc.) so the burden does not fall on your loved ones.
Choosing the right burial coverage in TN is crucial in ensuring your families well being after you pass away. This article is going to give you everything you need to know to make an informed decision about the right final expense insurance to purchase to protect your family when you die.
Table of contents
Final Expense Life Insurance Explained
Burial insurance, cremation insurance, funeral insurance etc. are just different marketing terms for final expense insurance.
It is a small simplified issue whole life insurance(life insurance with no medical exam and simplified underwriting) with coverage face amounts between $5,000 – $30,000(depending on the insurance company you choose) designed to payout quickly upon receipt of the death certificate so your family can pay for the funeral costs.
These plans have minimal health questions for individuals to apply and in most cases provide same day approval for the plan if you are healthy and answered “no” to all the health questions honestly.
The insurance company looks at your age, health and lifestyle and even with some pre-existing health conditions such as COPD, Diabetes, and Heart Problems you have a high likely hood of getting approved for day one coverage(depending on the insurance company you choose) with no waiting periods.
If you’re health conditions are too severe or you’re medications indicate certain health conditions that are too severe you can still apply for a guaranteed issue whole life final expense plan. This plan does not have any health questions or condition restrictions but it does come with a 2 year waiting period before the policy will pay out to your loved ones.
In the event that you pass away within 2 years of getting a guaranteed issue burial insurance plan in memphis tn your loved ones will receive the previous premiums you paid into the policy leading up to your death plus 10% interest.
This means your family will still get something if all you can qualify for is guaranteed issue however that is why working with an independent broker like Paramount Quote is crucial. Our agents are trained in the underwriting of all the carriers we work with which means we know exactly which carrier could extend day one burial coverage in memphis tn to you.
Burial Insurance in Memphis TN Sample Costs
The average cost for Burial Insurance is going to be between $40 – $80 for coverage amounts between $10,000 – $20,000 for a male & $40 – $70 for a female(females usually get lower rates because statistically they live longer than men). Now rates are determined by age, health, life style, location and gender.
In addition to this the type of plan(level, graded, modified) that you get approved for determines the monthly premium also. Below you will see sample rates on our table of what you could expect to pay monthly for final expense insurance in memphis tn.
| 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. | ||||
Funeral Costs in Memphis TN
The cost for planning a funeral in Shelby County can be confusing especially in a time of grieving. You do not want to be caught off guard with this, Tennessee’s state average for a traditional burial is near $6,800 while in the metropolitan area it is near $7,000 – $8,500(full service funeral with cemetery fees included) So lets break it down.
- Traditional Funeral & Burial ($6,000 – $8,500): This Includes basic director overhead, visitation, hearse, embalming and a standard casket.
- Cremation & Memorial Service ($3,500 – $5,800): Full cremation process with a formal chapel or gathering service.
- Direct Cremation ($1,295 – $2,000): Most affordable, just a simple cremation with no viewing or ceremonies.
Local Cemetery Fees Be Careful!
Funeral Directors almost always never mention the grave & burial plot opening fees. A well known Memphis cemetery(Elmwood Cemetery) has standard casket plots ranging between $1,500 – $7,000 not including their $1,300 fee for interment(digging).
Memorial Park Funeral Home mentions that while basic direct dispositions start lower, a traditional adult full service funeral can average close to $5,000 and that is before purchasing the vault or plot!
This is why we recommend at least a $10,000 whole life plan to account for the unexpected fees that come up and they do!
Best Final Expense Companies in Memphis TN
We work with the best burial insurance companies in TN to ensure you have the best most affordable options. Below you will see a list of all our top carriers we work with in Memphis.
Mutual of Omaha
Mutual of Omaha burial insurance is one of the most affordable options for seniors in memphis TN. They also do have more strict underwriting which means they want applicants in decent health to insure. Their Living Promise Final Expense plan is perfect for covering funerals.
Transamerica
They are also very competitive on pricing and they do not have height and weight requirements. This means if you were turned down in the past due to height and weight your chances of approval with them are much higher!
American Amicable
American Amicable is perfect for tobacco users because they have lower tobacco rates. Most insurance companies raise premiums much higher if you smoke. American Amicables burial plan offers the lowest tobacco rates we have seen in the industry so far!
Royal Neighbors of America
Royal Neighbors burial coverage also has no height or weight charts. They are also very friendly towards individuals with lung issues.
Guarantee Trust Life
Guarantee Trust Life final expense is easy to qualify for because they only ask 5 health questions however their product is a graded product. This graded plan pays out 50% of the policy face amount if the insured dies after 1 year of paying premiums. The plan pays out 100% after the 2nd year of paying premiums. It is superior to a full 2 year waiting period plan.
Gerber Life
Gerber Life final expense coverage has the cheapest rates we have seen compared to all other Guaranteed Issue plans. This plan does have a full 2 year waiting period. This is a last resort but the affordability is where this plan really shines.
10 Day Free Look Period
In the state of TN there is a 10 day free look period upon receipt of your policy. This means if you decide you do not want to continue the coverage you can cancel it within 10 days receiving a full refund of your premium. There are no strings attached and final expense life insurance is a month to month plan with no contracts.
This means you are not locked into anything if you decide you cannot afford or want the policy anymore.
2 Year Contestability Clause
Every final expense whole life insurance policy has a mandatory two year contestability clause. If you pass away within the first 2 years of having your policy active the insurance company has the legal right to order your medical records & investigate the original application.
This is to make sure you did not lie or misrepresent anything on your application concerning a serious health condition to get approval.
Honesty is the best policy here, as long as you are honest on your application your family is safe and the policy will pay out. This is why we never use any high pressure sales tactics.
Our agents spend the time to look at your health thoroughly to ensure your application is flaw less so there are no surprises to your family on the backend.
Secure Burial Insurance in Memphis TN With Us
We are an independent life insurance broker which means we have several major companies that fit your needs. ParamountQuote is highly trained on understanding the underwriting of these companies. This means your chances of obtaining day one affordable coverage skyrocket when working with us!
We have 10 years of experience along with our high customer satisfaction ratings. Work with us to secure your coverage today!