Cremation Insurance for Seniors(9 Companies)

Burial insurance also known as cremation insurance is life insurance for seniors. This type of coverage is whole life final expense insurance. Burial and cremation insurance are just marketing terms for their primary purpose.

According to

In 2019 16.5% of Americans were 65 or older with a projected 22% by 2050.

As you get higher in age the closer you are getting to the day you pass away. When this happens your family members will be the ones handling your final expenses such as your funeral and any other debts that have been left behind.

This is why cremation insurance for seniors provides a quick death benefit payout after receiving a certificate of death to give your family the financial strength they need to give them peace of mind so they can just focus on grieving.

Extended Reading: Cremation Insurance, Final Expense Insurance for Cremation

In this article, we will go over the important information you need to know to make a properly informed decision.

Quick Tip: To speak with one of our licensed agents and see pricing on policies fill out the form to your right.

Understanding Cremation Insurance for Seniors & How it Works

Cremation insurance(burial insurance, funeral insurance, final expense insurance etc.) is either a simplified issue whole life insurance policy or a guaranteed issue whole life policy. It is permanent insurance with coverage amounts between $2,000 – $50,000 with no medical exams to qualify for the cremation insurance.

It only requires you answer health questions in addition to a health and prescription history check. Burial insurance with health questions means you could avoid a waiting period. Now burial insurance with no health questions always has a waiting period because it is guaranteed issue coverage.

Life insurance for cremation is designed to cover end of life expenses such as cremation services, burial services, credit card debt or medical bills etc. Cremation insurance pays a lump sum death benefit to your beneficiary that they can use to pay for your funeral costs.

Any money leftover after your final expenses are paid your beneficiary can keep for whatever they need.

Funeral Costs

Funeral costs vary depending on what state you reside in but the national average for a traditional burial is in the range of $8,000 – $12,000.

Furthermore, with inflation on the rise, this can potentially reach $15,000 or more within the next 10 years. This is why it is so crucial to have a policy to cover the costs so your family is not stuck with a big bill when you pass away.

This is also why seniors are electing for cremation insurance because cremations are half the cost of a burial in most cases.

Costs of Cremation

Cremation services are a much more affordable alternative to traditional burials.

Our good friends over at have covered cremation costs in each state.

Cremation on average ranges between $3,000 – $5,000 in most cases. This is why more and more consumers are doing cremation instead of burial because it is much more affordable.

That being said with inflation on the rise a cremation could reach $8,000 to $10,000 in the coming years this is why having the right amount of coverage is so important to make sure your family is protected when you pass away.

Furthermore, it is important to obtain a price list from one of your local funeral homes to know exactly how much coverage you need. When you worth with one of our independent agents they will walk you through exactly what policy to get to save you the most money.

You can also customize your policy to fit with the type of cremation you plan on having.

Avoid Term Life Insurance and Guaranteed Acceptance if At all Possible

Term insurance expires therefore it is not good for funeral insurance. It will not cover the funeral services cost and potentially leaves your family with a financial burden. Guaranteed acceptance should be avoided unless your health conditions will not allow you to get immediate coverage.


If you have a $4,000 cremation planned then all you would need would be a policy with a $4,000 face amount.

Furthermore, the less you pay for cremation the bigger a policy you can pick to leave behind extra money for your family. If your cremation is only $4,000 and you purchase an $8,000 policy then your family would receive an extra $4,000 for anything they may need.

Cost of Cremation Insurance for Seniors

Below is a table showing the cost of burial & cremation insurance for seniors by age.

Age$10,000 Male Non Smoker Sample Quotes$10,000 Male Smoker Sample Quotes$10,000 Female Non Smoker Sample Quotes$10,000 Female Smoker Sample Quotes

Picking the Best Life Insurance Company

Picking the best cremation insurance for seniors is very simple.

Work with us, we have access to all the top-rated carriers in the U.S.A. Our highly trained agents know all the underwriting niches to get 90% of our clients even with moderate health issues like COPD approved for day one level coverage with no waiting period.

Day One Coverage

This means if you were to pass away tomorrow your family would receive the full face amount of your coverage within 3 days. This results in the full funeral bill being paid and your family having zero debt on their hands.

TV Advertised Policies

If you are thinking of calling companies off TV commercials like Colonial Penn and others we highly advise against this you could wind up with a policy that has a 2 year waiting period for benefits. Those types of policies do not better serve you if you are in decent health that is why working with one of our trained agents is the best way to get the coverage your family needs.

Factors that Make a Life Insurance Company 1 of the Best

The 2 most important factors that make an insurance carrier an elite among others are these:

  • An A Rating
  • Over 50+ Years in Business

If a company is A-rated and has been in business for over 50 years this is a company with a long solid reputation.

Furthermore, These are the types of companies that usually do not rely on things like TV advertising. They use independent agents that specifically specialize in cremation insurance for seniors.

This means agents like ours know all of the ins and outs of these products and are the most qualified to get you the best policy that fits your needs and your budget.

Best Companies that Offer a Cremation Insurance Policy

The companies that offer the best final expense life insurance that can be used for funeral plans are as follows:

All of these companies offer the best rates for life insurance coverage that can be used for cremation, burial or any end of life expenses.

Life Insurance Underwriting & Health Questions

It is important to note that cremation insurance policies do not require a medical exam at all.

Unlike traditional life insurance, these companies will not send someone to your home to draw blood and make you run a lap around your home and take your blood pressure.

The life insurance companies offering cremation insurance simply look at your Medical Information Bureau Health Report and a Prescription Check. These companies use easy underwriting to get you approved instantly within 30 minutes.

That being said they still do have health questions on their application that you will need to answer truthfully this is something our agents will walk you through at the time of enrollment.

We help 90% of our clients get qualified for day one coverage with these carriers because our agents know what these companies will and will not accept as far as health conditions go.

We have helped clients with the following conditions get day one coverage:

Furthermore, there are factors associated with these conditions such as the time frame.


“Was this diagnosed with in the last 2 years?”

Here are some examples of application questions:

Those are just a few of the types of health questions on carrier applications. As you can see there are different time frames for certain conditions this is because these carriers look at how well your conditions are managed.

To begin the process and work with one of our agents fill out the form to your right.

Is a Cremation Insurance Policy Cheaper?

The answer to this is a resounding yes.

The reason it is cheaper is that the amount of money it takes to cover funeral services regarding cremation is significantly less than it takes to cover the costs of a burial service. So if the amounts of coverage are less for the plan you are applying for the more affordable it will be.

You can see this very clearly in the pricing sheet of your local funeral home. Their prices will always be much less expensive than a traditional burial with a casket, vault, etc.

This is why many of our clients elect to purchase a larger cremation insurance plan because their families can use a portion of the money to pay for the funeral. The rest can be left to them as an inheritance if they so wish.

Cremation Policy Riders

Depending on what carrier you choose when working with a ParamountQuote agent you can elect different riders.

The riders are as follows:

  • Accidental Death Rider
  • Nursing Home Waiver of Premium Rider
  • Critical Illness Rider
  • Grandchild Rider
  • Children Riders

These riders provide extra benefits for you and your family. The type of riders available to you depends on the carrier your agent matches you with.

Our agents go over these riders with you at the time of the application.

Can I Get Final Expense Insurance for Cremation on My Parents?

Yes, you can most carriers will allow a 3rd party payor on the application so if you are looking for cremation insurance for your parents our agents can help you.

As long as you have your parent available with you for a voice signature for the carrier you select for them getting coverage can be done in minutes.

If you have your parent with you, fill out the form to your right to see insurance quotes and speak with one of our agents and they will have your parent covered in minutes.