10 Best Burial Insurance Companies For Seniors In 2021

Burial insurance is a type of whole life insurance designed for seniors. They are small plans made with the purpose of covering your final expenses like the funeral and burial or cremation.

There are literally hundreds of insurance companies that sell burial insurance, so how do you know which ones are the best and which ones give you the best deal? Some even come with waiting periods…

In this article we will show you the best burial insurance companies, free quotes, and some key takeaways for each company.

Table Of Contents


What Is Burial Insurance?

Burial insurance, also known as final expense life insurance, are small whole life plans designed to pay the final expenses, but not all are created equal. Some companies only sell policies with a waiting period, and some will substantially raise prices for specific health conditions while others will not.

Unfortunately, many people buy from the first company they see on t.v. or ad they get in the mail. This is rarely the best option.

For every burial insurance policy you look at you should think…

  • Will the premiums increase?
  • Is there a waiting period?
  • Will it expire?

The money that pays out from the burial insurance policy is 100% tax free and will go to your beneficiary usually within 48 hours. They can use the money for whatever they need, and anything left over they keep as a final gift from you.

Best Burial Life Insurance Companies For Seniors

1) Mutual Of Omaha | Best Overall

Mutual Of Omaha Burial Insurance

Age Range: 45-85

Coverage Amount: $2,000-$40,000

Waiting Period: No

States Available: All except NY

Will It Expire: No

Why We Chose It…

Mutual Of Omaha has one of the best burial insurance products for seniors in the industry. It’s prices are almost always in the top 2 or 3 burial insurance companies, and they have excellent customer service and have never missed a claim.

They also have very good children life insurance policies, Medicare Supplement plans, and annuities.

Overall, you can never go wrong with a Mutual Of Omaha policy. Apply now by filling out our quote form or giving us a call.

Read our full review of Mutual Of Omaha’s burial insurance here.

AgeMale
$10,000
Female
$10,000
Male
$20,000
Female
$20,000
50$30.68 $24.31$58.15$45.41
60$43.76$32.87$84.32$62.53
70$74.61$53.24$146.01$103.28
80$139.73$98.43$276.26$193.66



2) Aetna | Best For Elderly Seniors

Aetna Burial Insurance

Age Range: 40-89

Coverage Amount: $2,000-$50,000

Waiting Period: No

States Available: All except NY

Will It Expire: No

Why We Chose It…

Aetna is a huge company that sells many different products, but they stand out for their high coverage amount of $50,000 for certain ages and larger age range. Most companies do not sell insurance outside of ages 50-85.

Aetna also has discounts for their burial insurance if you have a Medicare Supplement plan with them as well, which can help save you some money and give you the best rates possible for burial insurance.

They also accept a lot of health conditions that other burial insurance companies do not. Upon submitting an application, you will usually get an automatic decision on your application.

Apply now by filling out our quote form or giving us a call.

AgeMale
$10,000
Female
$10,000
Male
$20,000
Female
$20,000
50 $34.39$27.30$65.27$51.10
60$51.10$40.51$98.70$77.52
70$73.15$58.19$142.80$112.87
80$140.26$101.41$277.03$199.33



3) Greek Catholic Union GCU | Best For Lowest Price

Age Range: 45-85

Coverage Amount: $5,000-$35,000

Waiting Period: No

States Available: AZ, CA, CO, CT, DC, FL, GA, ID, IL, IN, IA, KS, KY, MD, MI, MN, MS, MO, NV, NJ, NC, OH, PA, SC, TN, TX, UT, VA, WV, WI

Will It Expire: No

Why We Chose It…

GCU is a price buster, often times offering the lowest premiums we have ever seen for burial insurance. If you have no significant health conditions, they will probably offer the lowest price.

GCU also has the option of putting your burial insurance proceeds in an irrevocable burial trust, which are not counted as assets by Medicaid, among other benefits.

The only issue with GCU is they are very picky who they accept, and can deny a lot of people.

Apply now by filling out our quote form or giving us a call.

AgeMale
$10,000
Female
$10,000
Male
$20,000
Female
$20,000
50$27.46 $20.26$51.32$36.92
60$41.95$32.08$80.30$60.55
70$70.88$56.07$138.17$108.54
80$137.12$109.43$270.65$215.26



4) Foresters Financial | Best Member Benefits

Foresters Burial Insurance

Age Range: 50-85

Coverage Amount: $5,000-$35,000

Waiting Period: No

States Available: All States

Will It Expire: No

Why We Chose It…

Foresters Financial has very competitive premiums and accept a broad range of health conditions that other companies do not. They also give generous member benefits to their policyholders for free that other companies do not, such as free customizable wills, academic scholarships, and much more.

Apply now by filling out our quote form or giving us a call.

Read our full review of Foresters Financial here.

AgeMale
$10,000
Female
$10,000
Male
$20,000
Female
$20,000
50 $32.00$26.05$60.85$48.95
60$45.18$35.41$87.22$67.67
70$70.66$51.92$138.18$100.70
80$146.74$111.08$290.33$219.01



5) Prosperity Life | Best For Debit/Credit Cards

Age Range: 50-80

Prosperity Burial Insurance

Coverage Amount: $1,500-$35,000

Waiting Period: No

States Available: All states except CT, DE, DC, HI, MT, ND, & SD

Will It Expire: No

Why We Chose It…

Prosperity is the best company for you if you want to pay with a debit or credit card, as many companies that offer level coverage with no waiting period will not accept credit/debit cards.

Prosperity also does not consider non-cigarette tobacco or nicotine use as a smoker, making them the best company if you use vape, weed, or some other type of nicotine or tobacco. They will give non-smoker rates for these things.

Apply now by filling out our quote form or giving us a call.

AgeMale
$10,000
Female
$10,000
Male
$20,000
Female
$20,000
50 $36.73$29.15$65.43$54.70
60$45.77$35.88$87.95$68.17
70$79.58$59.13$155.56$114.66
80$147.96$98.30$292.32$193.00



6) Liberty Bankers Life | Best For 18+

Liberty Bankers Burial Insurance

Age Range: 18-80

Coverage Amount: $3,000-$40,000

Waiting Period: No

States Available: All states except CT, MA, MN, NH, NY, RI

Will It Expire: No

Why We Chose It…

Liberty Bankers offers competitive premiums at all ages, but their real niche is offering policies as young as 18. The kicker is if you get your kids burial insurance while they are young, the price is rock bottom and you lock it in for life.

Apply now by filling out our quote form or giving us a call.

AgeMale
$10,000
Female
$10,000
Male
$20,000
Female
$20,000
50$30.51 $25.57$56.39$46.51
60$45.80$34.67$86.97$64.71
70$73.31$54.79$141.99$104.95
80$146.80$109.16$288.97$213.69



7) American Amicable | Best For Smokers

American Amicable Burial Insurance

Age Range: 50-85

Coverage Amount: $2,500-$35,000

Waiting Period: No

States Available: All states except CT, ME, MT, NH, NY, VT

Will It Expire: No

Why We Chose It…

American Amicable is one of the best companies for smokers. They have competitive rates for non-smokers as well but are usually beat by other companies if you are healthy and don’t smoke.

American Amicable will also give non-smoker rates to people who only occasionally smoke a pipe or cigar.

They also have an excellent optional rider selection, allowing you to add children or grandchildren, and use some of the money for terminal illness.

Apply now by filling out our quote form or giving us a call.

AgeMale
$10,000
Female
$10,000
Male
$20,000
Female
$20,000
50$31.64 $26.66$60.65$50.69
60$47.05$38.26$91.47$73.88
70$78.79$60.38$154.93$118.11
80$155.82$113.68$309.00$224.72



8) Royal Neighbors Of America | Best For Diabetic Neuropathy

RNA Burial Insuance

Age Range: 50-85

Coverage Amount: $7,000-$30,000

Waiting Period: No

States Available: All states except AK, AL, HI, LA, MA, NH, NY

Will It Expire: No

Why We Chose It…

Royal Neighbors offers competitive premiums for all people but they are especially good for people with diabetic neuropathy. Most companies will not offer coverage with no waiting period or they will raise your premiums significantly if you have this health condition but Royal Neighbors will not. They will give you the same price and no waiting period as if you did not have diabetic neuropathy.

It’s also important to note that non-diabetic neuropathy is accepted by most companies.

Apply now by filling out our quote form or giving us a call.

AgeMale
$10,000
Female
$10,000
Male
$20,000
Female
$20,000
50$39.61 $33.71$76.61$64.81
60$50.11$38.21$97.61$73.81
70$74.81$55.61$147.01$108.61
80$153.81$110.41$305.01$218.21



9) AIG | Best Guaranteed Issue

AIG Burial Insurance

Age Range: 50-80

Coverage Amount: $5,000-$25,000

Waiting Period: 2 year waiting period

States Available: All states except ME & NY

Will It Expire: No

Why We Chose It…

AIG is the best company for guaranteed issue coverage. Guaranteed issue has no health questions and everyone is guaranteed an issued policy. The only drawback is that all guaranteed issue policies come with a two year waiting period and with slightly higher prices than the other companies.

If you die within the first two years, they will pay what you’ve paid in premiums plus 10% interest added on.

Apply now by filling out our quote form or giving us a call.

AgeMale
$10,000
Female
$10,000
Male
$20,000
Female
$20,000
50 $55.99$38.58$109.97$79.78
60$68.14$53.93$149.25$118.96
70$106.00$80.41$232.60$176.74
80$206.32$189.53$415.67$410.63



10) Great Western | Best For Large Guaranteed Issue/40+

Great Western Burial Insurance

Age Range: 40-80

Coverage Amount: $1,000-$40,000

Waiting Period: 2 year waiting period

States Available: All states except AK, CT, HI, ME, DE, NY, VT

Will It Expire: No

Why We Chose It…

Great Western is a very niche company that is only a good idea if you don’t have an email, as other guaranteed issue companies will require it, or are under the age of 50.

Great Western also has larger face amounts up to $40,000, for those people who can only get guaranteed issue and want more than the $25,000 AIG will offer.

If you die within the first two years, they will pay what you’ve paid in premiums plus 10% interest added on.

Apply now by filling out our quote form or giving us a call.

AgeMale
$10,000
Female
$10,000
Male
$20,000
Female
$20,000
50$59.58 $49.58$116.25$96.25
60$75.42$66.25$147.92$129.58
70$119.58$102.08$236.25$201.25
80$247.32$190.42$452.92$377.92



Honorable Mentions

Here are our reviews of some of the most popular burial insurance companies that didn’t make this list, for good reason. Quite simply, some of the most popular burial insurance companies like these do not have good prices, and you can find better prices with the companies we have listed thus far.

Colonial Penn | Guaranteed Issue

Colonial Penn Review

Age Range: 50-85

Coverage Amount: Up To 12 Units

Waiting Period: 2 year waiting period

States Available: All states except NY

Will It Expire: No

Why We Don’t Recommend…

Colonial Penn sells their policies in units and each unit is $9.95. This is a marketing tactic, making people think they can get large amounts of coverage for only $9.95.

Each unit covers less as you get older. You can find better prices with other guaranteed issue companies.

Click here to read our full review and Colonial Penn prices.

AgeMale 1 UnitFemale 1 Unit
50$1,786$2,083
60$1,214$1,621
70$717$1,043
80$426$620



Lincoln Heritage | Funeral Advantage

Lincoln Heritage

Age Range: 0-85

Coverage Amount: Up To $35,000

Waiting Period: Varies (depends on product)

States Available: All states except NY

Will It Expire: No

Why We Don’t Recommend…

Lincoln Heritage is anywhere between 20%-300% more expensive than other companies that sell the same insurance. Lincoln Heritage will tell you that this price is worth it because it comes with added benefits like membership in the Funeral Consumer Guardian Society.

But you can get this and all of their benefits elsewhere for free.

Furthermore, most people will not qualify for their level plan and they will only offer you modified, where they substantially raise the price.

You don’t need to overpay for your burial insurance, and that’s what you’ll get with Lincoln Heritage.

Click here to read our full review of Lincoln Heritage.

AgeMale Level
$10,000
Male Modified
$10,000
Female Level
$10,000
Female Modified
$10,000
50$38.60$88.70$33.90$83.40
60$56.60$106.70$44.80$94.90
70$82.50$145.90$75.30$128.10
80$183.20$202.80$145.00$182.20


AARP Burial Insurance | New York Life

AARP-Burial-Insurance-Review

Age Range: 50-80 (Depends on product)

Coverage Amount: Depends on product

Waiting Period: Varies (depends on product)

States Available: All states

Will It Expire: Depends on product

Why We Don’t Recommend…

AARP has three different products that all require AARP monthly membership fees. All policies are offered through New York Life.

AARP Term Life

Term life is their flagship product with up to $100,000 in coverage. This term product will always expire at age 80. If you die after 80 your family gets nothing. We do not recommend this product for this reason, and if you want term life you can get better prices elsewhere.

AARP Simplified Issue

Level (simplified issue) is like many of the companies on our list that has no waiting period and you must qualify via your health and medications. That being said their prices are still much higher than similar products here.

It is also more difficult to qualify for this product compared to others.

Here are their prices for no waiting period simplified whole life burial insurance. You can find better prices with companies elsewhere.

AgeMale
$10,000
Female
$10,000
50$33$25
60$48$37
70$79$63
80$123$100


AARP Guaranteed Issue

AARP also has a guaranteed issue product that has no health questions but with a two year waiting period. This is available in all states except NJ and WA.

The age range is 50-80 and you can get up to $50,000. We don’t recommend their guaranteed issue product because you can find better prices elsewhere, and most people qualify for level products with no waiting period.

Click here to read our full review of all of AARP’s burial insurance products.

How To Find the Best Policy And Apply Today

Finding the best burial insurance policy is very simple. All you have to do is answer a few simple health questions to get the best rates from all of the top companies in the industry.

If you are in good health and have no serious health conditions or medications it is very quick and easy to apply with any of the companies on this list.

If you want to compare quotes side by side, you can do so by filling out our quote form that will show you a whole list of all the top companies and their prices.

If you are ready to fill out an application, give us a call or fill out our quote form and within minutes we can get your burial insurance set up for you!