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What Is Burial Insurance?

What Is Burial Insurance?

Burial Insurance is a small whole life insurance policy geared towards covering the cost of funerals and final expenses. They are typically simplified issue and require no medical exam. You only answer a few simple health questions and there is a quick approval process.

These policies are intended to help cover the costs of funerals and/or any end of life expenses. They are designed to be super-easy to qualify with simplified underwriting. The coverage amounts typically range anywhere from $2,500 to $35,000. However, in my experience, many folks typically purchase policies for $10,000 in coverage.

Now burial insurance goes by different names. Some folks refer to it as:

  • Burial Insurance
  • Final Expense Insurance OR
  • Funeral Insurance

However, it is the all same insurance. The rightful name of burial insurance is “Final Expense Life Insurance.”

Now, have you ever seen one of those commercials on TV referring to “insurance that pays for your final expenses?”

They are simply referring to burial insurance which can cover your funeral or final expenses.

Once again, burial Insurance in New York is a small whole life insurance policy. Unlike term life insurance, whole life insurance covers you for life as long as your premiums are paid. In addition, you generally pay the same premium for the life of the policy.

This insurance can also be described as a no medical exam whole life insurance policy that typically offers $5,000-$35,000 in coverage.

These policies are geared towards New Yorkers who simply want to get a small $10,000 policy to cover a burial and pay off any outstanding debt. The smaller coverage amount helps makes rates more affordable for a policyholder who may be on a fixed income.

Below is are examples of folks who typically buy these policies.

Who Are These Policies Right For? 

Now Burial Insurance or Final Expense Life Insurance in New York is typically geared towards New Yorkers ages 50 and up.

Folks who buy these policies generally fit into 1 of 4 categories:

  1. Have no insurance
  2. Have insurance but want more coverage
  3. Looking for coverage for a parent OR
  4. Want to leave something for their grandchildren

In addition, New Yorkers in this age range generally have some experience about life insurance. Even if they have never bought any insurance themselves, they have either:

  • Been approached in the past about buying insurance
  • Know someone who has bought insurance OR
  • Witnessed what it is like to pay for a funeral out-of-pocket.

Many folks ages 50 and up may be on a fixed-income and need affordable insurance or they have certain health conditions that helps them see the true value of a Burial Insurance policy.

How Does Burial Insurance Work?

Burial Insurance or Final Expense Life Insurance in offers affordable rates and guaranteed benefits. Burial Insurance is best known for:

  • Guaranteed rates that will NEVER increase
  • No medical exams or blood tests in order to qualify
  • Quick approval process compared to other forms of life insurance AND
  • Coverage amounts that are typically anywhere between $2,500-$35,000

In addition to this, burial insurance is a permanent policy. That means the policy will stay in-force for the rest of your life so long as premiums are paid on time.

Let’s take some time to go over each of the features and benefits mentioned above.

Guaranteed Rates That Will Never Increase

Guaranteed rates that will never increase makes for a great feature to have in your policy. Whether you keep your policy for 10, 15, 20 years, or more, you never have to worry about you premiums increasing. Your rates are contractually guaranteed!

Therefore, if you are currently working and plan to retire on a fixed income, you can count your burial insurance premiums into your budget and never have to worry about it changing.

Another example I can think of is folks who plan to buy a burial insurance policy for their parent or parents. If you buy a policy on behalf of your parents, you can pay the premium comfortably without ever having to worry about it increasing.

What you pay on the day you buy your policy is what you will pay for the life of the policy!

No Medical or Blood Tests To Qualify

Another great thing about Burial Insurance or Final Expense Life Insurance is there are no medical exams. You don’t have to worry about giving a urine sample or doing a mouth swab. In addition, there are no blood tests. There is no need to have blood drawn in order to qualify for a policy and there is typically no requirement for an EKG.

If you ever applied for life insurance in the past, you may know that in order to qualify you must pass a medical exam and blood test.

However applying for Burial Insurance simply requires filling out the application. You only answer a few medical questions that will ask about your health history mostly over the last 3-5 years.

Quick Approval Process

One thing that makes burial insurance standout is the quick approval process. Burial Insurance, also known as Final Expense insurance, has an approval process that typically takes 2-5 days. That’s right, you can know if you are approved for a policy the very same week you apply.

Other forms of life insurance can take up to two months to know if you are approved. This is especially true when medical records are required to determine your approval. However, with burial insurance or final expense insurance, there is generally no need for medical records and you can be approved the same week your application is submitted.

What Is The Application Process For Burial Insurance?

So how does the application process work?

Well first you will need to determine the amount of coverage you would like to get. The amount of coverage you can apply for in a Burial Insurance (Final Expense Life Insurance policy) is typically between $2,500-$35,000. From my experience however, I often find that folks select a policy somewhere between $5,000 -$15,000.

Now once you have determined the amount of coverage you need, next is filling out the application. The Burial Insurance or Final Expense application will first ask for basic information such as your name, address, date of birth, and social security number. Afterwards, the agent will enter the amount of coverage you are applying for. Lastly, you will be asked about your medical history including whether or not you use tobacco and if you are taking any medications.

Once the application is completed, the application will be signed and by both you and the agent and it will be submitted to the insurance company. As stated earlier, it take the insurance company about 2-5 business days to underwrite your application and to determine if your application was approved or declined.

One of the great things about Burial Insurance (Final Expense Life Insurance) is there is no medical exam! This means there is no need for a blood and urine sample. and there is generally no need for an EKG. You only answer a few short health questions that will typically cover your health history over the last 3-5 years.

This is good for someone who, for example, had a stroke 6 or 7 years ago or may have had a bout with cancer 10 years ago. This short look back at your medical history allows for faster underwriting which leads to faster approval!

What Health Conditions are Typically Accepted For Burial Insurance?

Below you will find a list of health conditions where you can apply for a Burial Insurance (Final Expense Insurance) policy and may be approved. For some of these health conditions, the insurance company will look at when you were diagnosed with the condition in order to determine eligibility.

Alcohol Abuse/Dependency



Cardiac Chest Pain


Atrial Fibrillation

Basal Cell Skin Cancer

Black Lung Disease

Brain Tumor

Bypass Surgery


Chronic Bronchitis

Chronic Hepatitis

Chronic Lung Disease

Chronic Obstructive Pulmonary Disease (COPD)

Chronic Respiratory Disorder


Diabetic Coma

Drug Abuse/ Dependency


Enlarged Heart

Heart Attack

Kidney Transplant

Kidney Disease

Kidney Failure

Liver Disease



Mental Disorder

Multiple Sclerosis



Pacemaker Implant

Parkinson’s Disease

Peripheral Artery Disease

Peripheral Vascular Disease

Procedure For Brain Circulation






Systemic Lupus

Transient Ischemic Attack

As you can see, there are many health conditions that can be considered for a burial insurance policy or final expense insurance policy. If you have any of the health conditions listed above, you are more than welcomed to apply for a policy.

Now these are just some of the health conditions the insurance company will consider. Therefore, if you don’t see a health condition that you have listed above, you may still be able to qualify for a policy.

Insurance companies will also consider your tobacco usage. Tobacco will not disqualify you from a policy. However, insurance rates are more favorable to non-tobacco users.

How Much Does Burial Insurance Cost?

Burial Insurance cost is determined by your age, gender, health, and the amount of insurance you plan to buy. An example of a burial insurance cost for a 60 year old female is $36.38 per month for $10,000 in coverage.

I made it simple for you by laying out the monthly rates from a sample company below.

In the following tables, you will find the monthly rates for Burial Insurance or Final Expense Insurance based on the amount of insurance you want, your age, and your gender.

The tables reflect the rates for $5,000, $10,000, $15,000 & $25,000 of burial insurance coverage. Take a look below:

Sample Burial Insurance Rates

$5,000 of Burial Insurance Monthly Rates


$10,000 of Burial Insurance Monthly Rates


$15,000 of Burial Insurance Monthly Rates


$25,000 of Burial Insurance Monthly Rates


Now that you know how much a policy may cost you, the next step, if you are interested, would be to apply for a policy.

The applications process is typically short as there is no medical exam and you will know whether you are approved or declined in 2-5 business days!

Get Your Free Quote And Apply Today!

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