Funeral Insurance Rates

What are rates for funeral insurance and how do funeral insurance rates work?

A rate for funeral insurance coverage is the price you pay per $1,000 of funeral life insurance protection.

Your personal rate for the insurance is based on several factors, including your gender, age, state of residence, among other things.

Women will pay a lower rate per $1,000 than men because women have a longer life expectancy on average.

Some insurers offer funeral expense insurance with premiums as low as $8.80 per month; however, your rate and corresponding premium will vary by insurance company.

Your rate will remain the same for the life of your funeral insurance policy, in most cases. That's why it is important to ask about this before purchasing your coverage.

Here's how to compare funeral insurance rates.

How much does Funeral Insurance Cost?

I want to purchase a funeral insurance policy but I don't know how much they cost?

Funeral expense life insurance policies offer a limited amount of life insurance protection with rates that vary based on your age, insurance company, and the amount of coverage.

Since funeral insurance usually provides guaranteed approval for those people meeting the age requirements, the amount of coverage available is usually limited to a maximum of $25,000.

With funeral expense plans there is no health exam required, and you may or may not need to answer some health questions when you apply.

Some insurers offer funeral expense insurance with premiums starting as low as $10 per month for a small amount of protection. The higher the amount of coverage, the higher your premium.

In addition, funeral insurance may offer permanent life insurance protection that builds cash value inside the policy, from which you may take a loan, but it varies by plan.