What Determines Your Rate?
Burial insurance rates are fixed for life once locked in, but your initial monthly premium depends on a few key personal details:
- Age: Rates increase as you get older, so applying sooner locks in a lower lifetime premium.
- Gender: Statistically, women have a longer life expectancy, resulting in slightly lower monthly premiums.
- Coverage Amount: Most final expense policies range from $5,000 to $25,000.
- Health & Underwriting Class: Policies with health questionnaires offer lower rates than guaranteed issue policies.
- Tobacco Use: Smoker rates are generally higher than non-smoker rates.
Estimated Monthly Cost Ranges
Rates vary by carrier and state, but here are general average monthly ranges for a non-smoker seeking $10,000 in coverage:
- Age 50–59: $30 – $50 / month
- Age 60–69: $45 – $75 / month
- Age 70–79: $70 – $130 / month
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Get Your Free Instant QuoteFrequently Asked Cost Questions
Will my rates ever increase as I age?
No. Whole life burial insurance policies feature locked-in premiums that never increase due to age or changing health conditions.
Is there a physical exam required?
No physical or medical exam is required. Underwriting is based purely on basic health questions and database checks.