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3 Best Burial Insurance Companies

Jodie Price

By Jodie Price | Updated September 15, 2025

Burial insurance, or final expense insurance, helps cover funeral and end-of-life costs with affordable premiums and smaller coverage limits. Many plans accept pre-existing conditions, making them a practical way to ease the financial burden on loved ones.

  • AARP/New York Life

    Labeled as “Best for Low Complaints,” AARP/New York Life offers burial insurance for individuals ages 50 to 80 (50 to 75 in New York). Coverage ranges from $5,000 to $25,000, making it suitable for final expense needs. The policy has a two-year waiting period, paying 110% of premiums for natural causes and the full death benefit in case of accidental death.

    Our Expert Take

    AARP’s Guaranteed Acceptance Life Insurance is offered through New York Life, but you must be an AARP member to qualify. The policy has one of the lowest complaint levels compared to competitors, giving buyers confidence in a positive and reliable experience for themselves and their beneficiaries.

    This plan is cost-competitive, ranking among the most affordable burial insurance options we reviewed. For example, a $10,000 policy for individuals aged 60 and 70 costs about $63 per month, making it a practical choice for those seeking manageable premiums.

    Overall, AARP’s burial insurance provides peace of mind through reliable coverage, affordability, and strong customer satisfaction. Its combination of low complaints and competitive pricing makes it a solid option for final expense protection.

    Pros & Cons

    Pros

    • Guaranteed acceptance for AARP members age 50–80
    • No medical exam required
    • Backed by New York Life’s strong financial stability
    • Simple coverage designed to handle funeral and final expenses
    • Easy application process

    Cons

    • Coverage amounts are limited compared to traditional life insurance
    • Premiums may be higher than policies that require medical underwriting
    • Membership with AARP is required to apply
    • Not the best choice if you need larger death benefits

  • Mutual Of Omaha

    Labeled as “Best for Buyers in Their 40s,” Mutual of Omaha offers burial insurance for individuals ages 45 to 85. Coverage ranges from $2,000 to $25,000, with a two-year waiting period that pays 110% of premiums for natural causes and the full death benefit for accidental death. This makes it a flexible option for younger buyers planning ahead.

    Our Expert Take

    Mutual of Omaha’s Guaranteed Whole Life Insurance is available to applicants between ages 45 and 85, offering the widest eligibility range of any provider we reviewed. This flexibility makes it a good choice for individuals who might not qualify for other plans that limit age, usually between 50 and 80.

    In addition to its broad age range, the policy stands out for its affordability. At about $63 per month, a $10,000 policy for 60- and 70-year-olds is among the lowest-cost options we found in the burial insurance market.

    This combination of wide accessibility and competitive pricing makes Mutual of Omaha a practical choice for those seeking final expense coverage. It provides peace of mind for a broader group of people while keeping premiums budget-friendly.

    Pros & Cons

    Pros

    • No medical exam required for most burial insurance policies
    • Coverage amounts available from about $2,000 to $40,000
    • Premiums remain fixed for the life of the policy
    • Policies build cash value over time
    • Strong financial reputation and long-standing company history

    Cons

    • Maximum coverage may be too low if you want more than funeral expense protection
    • Some policies include health questions that could limit eligibility
    • Rates may be higher compared to term life insurance options
    • Limited policy flexibility once issued

  • State Farm

    Highlighted as “Great for Financial Strength,” State Farm offers burial insurance for individuals ages 50 to 80, or 50 to 75 in New York. Coverage amounts range from $10,000 to $15,000, with a graded death benefit that includes a two-year waiting period, paying 110% of premiums for natural causes and the full benefit for accidental death. This provides reliable protection backed by strong financial stability.

    Our Expert Take

    State Farm earns high marks for its superior (A++) AM Best financial strength rating, giving policyholders confidence that approved claims will be paid when beneficiaries need them most. This strong rating reflects the company’s long-standing stability and reliability in the insurance market.

    However, the cost of its burial insurance is higher compared to some competitors. For example, a $10,000 policy for individuals aged 60 or 70 averages about $76 per month, making it less budget-friendly than other options.

    Many buyers might see the value in State Farm’s financial strength, despite the higher premiums. The assurance of dependable claim payments can outweigh the added cost for those prioritizing reliability.

    Pros & Cons

    Pros

    • Wide issue age range (18–75) for life insurance policies
    • Strong financial strength and long history in the industry
    • Local agents available for in-person guidance
    • Whole life policies that build cash value over time
    • Reliable claims process with good customer satisfaction

    Cons

    • Premiums may be higher than some competitors
    • Limited online tools compared to digital-first insurers
    • Burial insurance is not offered as a stand-alone product; it is only available through whole life coverage

Frequently Asked Questions

Which companies offer the best value for final expense insurance this year?

AARP, Mutual of Omaha, and State Farm rank among the most reliable options. They stand out for competitive premiums, stable coverage, and strong customer satisfaction. Each company offers policies designed to cover funeral costs and other small final expenses.

How do AARP’s burial insurance plans compare to other offerings?

AARP works with New York Life to provide coverage tailored for older adults. You do not need a medical exam, but premiums may be higher than some competitors. Its policies are popular for members who want a trusted brand and straightforward enrollment.

What are the benefits of choosing Mutual of Omaha for burial insurance?

Mutual of Omaha offers affordable rates and flexible whole life coverage. Many of its plans do not require a medical exam, making them accessible for seniors. The company also provides options that may reduce or remove waiting periods for qualified applicants.

Are there any burial insurance plans available without a waiting period?

Yes, some companies offer immediate coverage if you qualify through health questions. These plans pay the full death benefit from day one. If you don’t qualify, you might receive a graded policy that has a two-year waiting period before full benefits start.

Can seniors obtain burial insurance without a medical exam?

Yes, many insurers provide no-exam policies designed for older adults. You usually just answer a few health questions during the application. This makes the process quicker and more accessible while still offering permanent coverage for final expenses.