Final Expense Insurance for Cremation(9 Options)

First and foremost when it comes to cremation this is a much more affordable route for a funeral this makes final expense insurance for cremation an affordable plan to put in place.

Protecting your loved ones from the burden of your funeral costs is the last way for you to show them how much you care. Funeral expenses are not cheap even with cremations being a more affordable alternative cremation costs are still between $3000 – $5000 with inflation added upwards of $8000!

According to Wikipedia

Cremation averages are on the rise to 59.4%

With more Americans going with this alternative family members are still going to have a sizeable funeral bill to take care of if you factor in the memorial service and any other end-of-life expenses such as medical bills, mortgage balances, etc.

This guide well will go over the most important information about final expense insurance to cover the cost for cremation.

Cremation Insurance Policy What is it?

A cremation insurance policy is a whole life final expense life insurance policy with coverage amounts between $2,000 – $40,000 designed to cover the costs of final expenses like cremation and funeral. A cremation insurance policy is designed to provide a quick death benefit payout to your named beneficiary so they can pay for your funeral in full at the time of your death. This cremation insurance policy provides peace of mind to your family.

They do not have to worry about where the funds to pay for their cremation will come from because the cremation insurance policy will payout to them within 24 – 48 hours of receiving a death certificate. This allows them to focus on what is important which is grieving the loss of you their loved one.

Does Insurance Pay for Cremation?

Yes, final expense insurance can be used for all burial costs such as the funeral or memorial service, cremation services, vaults, caskets, headstones, or anything the funeral home requires in the service.

Furthermore, making sure all costs are covered will depend on the amount of coverage you select. Cremation costs vary depending on the state, the easiest way to know exactly how much coverage you need is to ask your local funeral home for a price list of all the services you want to be included in your cremation. You also want to factor in any other end-of-life expenses like credit card debt, any past due bills, outstanding medical bills, etc.

Make sure all of your bills included with your funeral equal the total amount of death benefit you will need to purchase when selecting your funeral plans. This will ensure your family’s peace of mind.

Extended Reading: Cremation Insurance for Seniors, Cremation Insurance

Best Cremation Insurance

When it comes to final expense insurance for cremation there is no one best carrier.

It is all about which of all these life insurance companies is best for you and your unique situation. Burial insurance policies use easy underwriting, what this means is that even if you have some moderate health issues the chances of you getting put into a policy with a waiting period are slim compared to how life insurance companies used to be.

Some important things to note when it comes to a cremation insurance policy is that there is no medical exam it is not term life insurance it should always be whole life. There should be no gimmicks unlike Colonial Penn the insurance quotes should be accurate for the insurance plans.

Keep in mind that a cremation plan is simply a smaller policy compared to traditional burial insurance. Traditional life insurance which is whole life is a bigger face amount on the policy that an independent agent will get for you.


For burial and cremation insurance the carriers will simply ask health questions on their applications and perform a Medical Information Bureau Health Report and prescription check. After these checks are completed you would receive an instant decision of approval or denial right over the phone.

Furthermore, when working with one of our licensed agents they will know exactly what carrier is best for you and your health situation.

For Example:

If you have COPD diagnosed over 2 years ago with no oxygen usage and just an inhaler then most companies would turn you down but our agent would know exactly what policy can give you day one level coverage.

What Makes a Carrier 1 of the Best?

There are 3 factors that make a carrier one of the best.

  1. A or A+ Rating
  2. Over 100 Years In Business
  3. A Perfect Track Record

The carriers we work with all have these 3 factors fill out the form to your right to see pricing and get started.

Life Insurance Companies for Cremation Insurance

Below we have listed our top brands for final expense insurance for cremation. These companies all provide funeral insurance for either burial or cremation their rates are competitive and they offer different coverage amounts.

You can get a $10,000 life insurance policy, a $15,000 life insurance policy, or a $25,000 life insurance policy We recommend regarding cremation getting a 15k in coverage incase of inflation or other final expenses that were not accounted for.

Cremation Insurance Cost

The cost of insurance is based on your age, health, and lifestyle.

This means costs will vary from person to person but we can do an average of costs and a ballpark figure.

64-Year-Old Good Health Non-Tobacco

For a 64-year-old in great health with non-tobacco use, their rate would be in the range of $50 – $55.

64-Year-Old poor Health Tobacco

For a 64-year-old in poor health with tobacco use their rate would range between $65 – $70.

As you can see it is a good idea to quit smoking and maintain your health to secure lower insurance rates.

Furthermore, Other factors determine the rate such as the amount of coverage you are applying for and the state in which you reside.

Fill out the form to your right to see accurate pricing on all carriers available in your state.

Final Expense Insurance for Cremation Features

A final expense insurance policy for cremation should have the following features.

  1. Rate Lock
  2. Death Benefit that Never Decreases

If a policy does not have these features do not purchase it!

Without a Rate Lock

If you purchase a burial insurance policy without a rate lock this means the premium is subject to increase on you at any given time. This results in premiums doubling and becoming unaffordable for you and you inevitably drop the coverage. This puts you back at square one and robs your family of theirs and your peace of mind. We have assisted clients that had this happen to them, they had a policy at $40 per month that increased to $80 a month inside of 5 years! A true final expense policy should have a rate that is locked in and can never go up.

Without a Death Benefit that Never Decreases

If your policy’s death benefit is subject to decrease it will. A decreasing death benefit can take a policy that was worth $20,000 and turn it into $5000 inside of 10 years. Imagine thinking you have everything covered with $20,000 but then when the funeral home asks for the funds all that’s left for your family is $5000. We have helped many clients with this issue as well this happens when consumers work with captive agencies that only sell 1 product.

We pride ourselves on educating our clients on these kinds of gimmicks and making you aware of this so you can make a properly informed decision to protect your family with the right policy that will be there for them when they need it the most.

Furthermore, this is why you should be wary of TV commercial advertisements as many of the clients we have spoken with got one of these types of policies from a TV ad.

How to Apply for Final Expense for Cremation Policies

Applying for final expense for cremation is very simple.

First, fill out the form to your right with some basic information. This will show you different insurance carriers and pricing on plans.

At that point, one of our licensed agents will call you over the phone and verify the information you provided.

Then they will ask you some health questions to determine your rate class and the amount of coverage being applied for.

Once everything is confirmed they will begin the enrollment process there are 2 different ways to enroll depending on the carrier selected.

  1. Voice Signature – You the agent and the carrier perform a 3-way call and conduct a voice signature to the necessary forms.
  2. Email Signature – The agent will email you a Docusign on your email to sign for your application.

After both methods are completed an instant decision of approval or denial is reached.

This can all be done in 30 minutes or less. It is a very quick and easy process.

Fill out the form to your right to get started and work with one of our agents.