Everything You Need to Know About Final Expense Insurance, Coverage Options, and How to Get Approved in 24 Hours
Burial insurance is a type of life insurance specifically designed to cover funeral, burial, cremation, and final expenses when someone passes away. It's also called "final expense insurance" or "funeral insurance."
The death benefit—typically between $5,000 and $25,000—goes directly to your family to pay for:
Unlike traditional life insurance, burial insurance is quick to obtain, requires no medical exam, and is affordable for seniors—sometimes as low as $12 per month.
You don't need a doctor's visit or lab work. Simply answer a few health questions about your medical history. Be honest—insurers verify answers.
Most people are approved within 24 hours. Some approvals happen even faster. You'll know your status quickly, not weeks like traditional life insurance.
Select a death benefit amount based on your anticipated funeral costs. Average funeral costs are $7,000-$12,000, so most people choose between $10K-$25K coverage. See our cost breakdown here.
Your monthly premium is locked in for life. You pay the same amount every month, and rates never increase. Your family gets the death benefit when you pass.
Many people confuse burial insurance with traditional life insurance. Here's how they differ:
| Feature | Burial Insurance | Traditional Life Insurance |
|---|---|---|
| Death Benefit | $5K-$25K (for final expenses) | $50K-$500K+ (family financial needs) |
| Approval Time | 24 hours (no exam) | 2-4 weeks (with medical exam) |
| Medical Exam | None required | Often required |
| Age Limit | Up to age 85+ | Usually up to age 75 |
| Typical Cost | $12-$50/month | $30-$200+/month |
| Pre-Existing Conditions | Usually approved | May be denied |
Most burial insurance policies are available to people age 50-85+, though some companies extend to 90 or 95. PeaceMutual approves seniors of all ages.
One of the biggest advantages of burial insurance: you can get approved even with pre-existing conditions. Common conditions that still qualify:
See which health conditions qualify for our coverage.
Unlike traditional life insurance, burial insurance doesn't require doctor visits, blood tests, or physical exams. You simply answer honest health questions, and we make a decision.
Fact: Burial insurance is for anyone who wants to protect their family from unexpected funeral costs. Wealthy families use it, middle-class families use it, and so do families on fixed incomes. It's practical planning, not a sign of financial struggle.
Fact: 95%+ of applicants are approved even with serious health conditions. Companies designing burial insurance expect that older people have health issues. We approve diabetes, heart disease, cancer survivors, and more.
Fact: Once approved, death benefits are paid. Burial insurance companies are regulated and must honor claims. As long as the policy was active when you pass, your beneficiary gets the death benefit.
Fact: No medical exam. Answer questions online, and you're approved. The entire process can happen in minutes.
According to recent data, the average funeral in America costs over $7,500. In major cities, it can exceed $15,000. Without insurance, families must pay these costs immediately—often while grieving.
Without burial insurance, your family might have to:
With burial insurance, you know your family won't be burdened with funeral debt and everything is taken care of.
Protect your family from unexpected funeral costs. Apply online in minutes and get approved in 24 hours.
Questions? Call our licensed agents: (503) 333-1788