6 Best Burial Insurance Companies of November 2022

Pay for your own funeral and burial costs with a final expense policy from one of our top-rated insurers.

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If you want to buy life insurance purely to cover your funeral costs, medical bills and other end-of-life expenses, look into burial insurance. Also known as final expense insurance, these policies are designed for seniors who need only a small amount of coverage, and not all insurers offer them.

To narrow down the list of the best burial insurance policies, our experts analyzed policy features, age and state availability, and added value — such as free life insurance riders. We also looked at payment options and the amount of coverage you can buy, which typically starts at $1,000 and maxes out at $50,000 for this type of life insurance.

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The best burial insurance for seniors in November 2022

Insurance company and review

NerdWallet rating

Eligible ages for burial policy

50 to 80.

50 to 80 (50 to 75 in NY).

45 to 85 (50 to 75 in NY).

15 days old to 85.

50 to 80.

50 to 85.

NerdWallet rates insurers at the company level, not the policy level. This means our star rating reflects the company as a whole, and not its burial insurance policy specifically.

How we ranked the top life insurers

NerdWallet’s life insurance ratings are based on consumer experience, complaint index scores from the National Association of Insurance Commissioners for individual life insurance, and weighted averages of financial strength ratings, which indicate a company’s ability to pay future claims. Within the consumer experience category, we consider ease of communication and website transparency, which looks at the depth of policy details available online. To calculate each insurer’s rating, we adjusted the scores to a curved 5-point scale.

These ratings are a guide, but we encourage you to shop around and compare life insurance quotes from several companies to find the best rate for you. NerdWallet does not receive compensation for any reviews.

Best burial life insurance policies for November 2022

Learn more about each company in our list by reading the brief summaries below and checking out the NerdWallet review links.

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AARP/New York Life: Best for low consumer complaints


NerdWallet rating 

Our take: AARP received fewer than the expected number of complaints to state regulators for a company of its size. Open to AARP members as part of a partnership with New York Life, this policy is a type of group life insurance. You’re guaranteed to be accepted as long as you’re an AARP member who meets the age requirements, and coverage typically lasts your entire life, though you’ll stop paying monthly premiums by age 95. AARP also allows members’ spouses who are 45 to 80 to apply for a policy.

Policy name: Guaranteed Acceptance Life Insurance.

Eligibility age range: 50 to 80.

Coverage amount: $2,500 to $25,000.

Availability: All states.

» Read the full review: AARP/New York Life

State Farm: Best for customer satisfaction


NerdWallet rating 

Our take: If customer support is a top priority for you, explore State Farm’s burial insurance policy. While the insurer offers only $10,000 in coverage, State Farm consistently ranks No. 1 or No. 2 on J.D. Power’s customer satisfaction list for individual life insurance


The policy earns cash value over time, and you can draw from that fund during your lifetime. Since State Farm is a mutual company, your policy might also pay out dividends. On your end, you can opt to pay your premium monthly or annually.

Policy name: Final Expense Insurance (known as $10,000 Whole Life in New York).

Eligibility age range: 50 to 80 (50 to 75 in New York).

Coverage amount: $10,000.

Availability: All states except Massachusetts.

» Read the full review: State Farm life insurance

Mutual of Omaha: Best for accessibility


NerdWallet rating 

Our take: Most burial insurance policies are open only to seniors 50 and older, but Mutual of Omaha allows 45-year-olds to buy coverage in all states but New York. This means people can get a policy at a younger age, when rates are likely to be cheaper. You can buy as little as $2,000 in coverage — making this option good for those who don’t need too much life insurance.

The insurer says it pays 85% of claims within 24 hours, which can help your loved ones cover your funeral costs and any other immediate expenses when you die.

Policy name: Guaranteed Whole Life Insurance.

Eligibility age range: 45 to 85 (50 to 75 in New York).

Coverage amount: $2,000 to $25,000 ($5,000 to $25,000 in Washington).

Availability: All states.

» Read the full review: Mutual of Omaha life insurance

Transamerica: Best for instant full coverage


NerdWallet rating 

Our take: Transamerica’s policy makes our list because it provides burial insurance with no waiting period. Usually, final expense policies don’t pay out if you die of natural causes within the first two years of taking out a policy — instead, the insurer will reimburse your loved ones for the premiums you paid. But with Transamerica’s Immediate Solution policy, you’re 100% covered as soon as it goes into effect, which is typically the same day.

The insurer sells policies worth $1,000 to $50,000, but the actual amount you can purchase comes down to your age. For example, if you apply between the ages of 76 and 85, you can buy a maximum of $25,000 in coverage.

Policy name: Immediate Solution Life Insurance.

Eligibility age range: 15 days old to 85.

Coverage amount: $1,000 to $50,000 (depending on your age).

Availability: All states.

» Read the full review: Transamerica life insurance

AIG: Best for included add-ons


NerdWallet rating 

Our take: AIG life insurance — now called Corebridge Financial — stands out for its accelerated death benefit riders, which are included at no extra cost. If you’re diagnosed with a chronic illness, the insurer will refund a portion of your policy. And if you’re diagnosed with a terminal illness, you can access up to 50% of your policy’s payout while you’re alive.

Policy name: Guaranteed Issue Whole Life Insurance.

Eligibility age range: 50 to 80.

Coverage amount: $5,000 to $25,000.

Availability: All states except New York and Maine.

» Read the full review: AIG life insurance

Foresters Financial: Best for rare add-ons


NerdWallet rating 

Our take: Foresters Financial sweetens the deal by including two rare riders free of charge. The Family Health Benefit Rider can cover the cost of an ambulance or similar expenses if your health suffers due to catastrophic weather or a natural disaster. And the Common Carrier Accidental Death Benefit Rider offers an extra payout to your beneficiaries if you die while riding as a passenger on a plane, bus or train.

Policy name: PlanRight Whole Life Insurance.

Eligibility age range: 50 to 85.

Coverage amount: $5,000 to $35,000.

Availability: All states.

» Read the full review: Foresters Financial life insurance

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Alternatives to the best burial insurance

Final expense policies are designed to help you cover the costs of your own funeral and burial, but they’re expensive and capped at small amounts so they don’t suit everyone. If you crunch the numbers and decide you need more life insurance, you can apply for a traditional term life insurance or permanent life insurance policy.

Frequently asked questions

Burial policies cover end-of-life expenses, like funerals or lingering medical bills. These policies are relatively small, usually in the $1,000 to $50,000 range, which means they have limited application beyond those final expense needs.

Burial insurance is fairly inexpensive overall, but more expensive per dollar of coverage than many other life insurance policies. For instance, a 50-year-old woman might pay about $1,000 a year for $25,000 in burial insurance, according to data from Quotacy, a life insurance brokerage. To compare, a $250,000 whole life policy would cost her about $3,800 — almost four times as much per year for 10 times as much coverage.

The cheapest burial insurance will depend on your needs and health. While many policies can be issued with no medical questions or exams, they're usually much more expensive. The best way to get cheap coverage is to shop around.

Insurer complaints methodology

NerdWallet examined complaints received by state insurance regulators and reported to the National Association of Insurance Commissioners in 2018-2020. To assess how insurers compare to one another, the NAIC calculates a complaint index each year for each subsidiary, measuring its share of total complaints relative to its size, or share of total premiums in the industry. To evaluate a company’s complaint history, NerdWallet calculated a similar index for each insurer, weighted by market shares of each subsidiary, over the three-year period. NerdWallet conducts its data analysis and reaches conclusions independently and without the endorsement of the NAIC. Ratios are determined separately for auto, home (including renters and condo) and life insurance.

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