Burial Insurance for Elderly: Guide to Affordable Coverage 

Introduction

When a loved one passes away, families often face not only deep emotional pain but also unexpected financial stress. Funeral costs can quickly add up, and without burial insurance, the burden can fall heavily on those left behind.

That’s why it’s important to understand burial insurance especially for seniors. This article will explain everything you need to know about burial insurance for elderly people, including options for those over 70, 80, or even 88 years old. You’ll learn about the best plans, how to compare them, and what to avoid.

We’ll also answer the most common questions, such as how much coverage you can get, what it costs, and who is eligible.

Burial Insurance for Seniors Over 80

Finding burial insurance after age 80 can be more challenging, but it’s still possible. At this age, many seniors may have health issues or be living on a fixed income, which can make getting affordable coverage harder. However, several insurance companies still offer plans tailored to this age group.

Key Features of Burial Insurance for People Over 80

• No Medical Exams: Most burial insurance plans don’t require a medical exam. Instead, you answer a few health questions or skip them altogether.
• Smaller Coverage Amounts: These policies typically cover $2,000 to $25,000 enough to pay for funeral expenses and small debts.
• Fixed Premiums: Once you buy the policy, your monthly payments stay the same.
• Lifetime Coverage: As long as you pay your premiums, the policy won’t expire.

Types of Policies: Guaranteed Issue vs. Simplified Issue

• Guaranteed Issue:
  • No health questions
  • Everyone is accepted, even with serious health problems
  • Often comes with a 2-year waiting period before full benefits are paid
• Simplified Issue:
  • Few health questions
  • You may qualify for immediate full coverage
  • Lower monthly premiums than guaranteed issue

Average Cost and What to Expect

The cost of burial insurance increases with age. Here’s what seniors over 80 can expect:

• Men (age 80–85): $90–$160/month for $10,000 coverage
• Women (age 80–85): $75–$140/month for $10,000 coverage

Prices vary based on your age, gender, location, and the insurance provider.

Best Burial Insurance for Seniors Over 70

Buying burial insurance in your early 70s can save you money and give your family peace of mind. The earlier you purchase a policy, the lower your monthly premiums will be. Many providers offer better rates and more options for those in the 70–79 age group compared to people over 80.

Why Buying Early Matters

• Lower Premiums: Insurance costs increase with age, especially after 75.
• More Coverage Options: Some companies limit coverage or stop accepting new applications after a certain age.
• Better Health = Better Rates: If you’re in good health now, you may qualify for policies without waiting periods.

Types of Burial Insurance Coverage

• Whole Life Insurance:
  • Most common for burial insurance
  • Lasts your entire life
  • Premiums never increase
  • Builds cash value over time
• Term Life Insurance:
  • Covers you for a set period, usually 10–20 years
  • May be cheaper upfront, but expires if you outlive the term
  • Not recommended for most seniors unless they only need short-term coverage

For most seniors, whole life burial insurance is the safer and more reliable option.

Key Evaluation Criteria

When comparing burial insurance policies, focus on:

• Monthly Premiums: Choose what fits your budget long-term.
• Coverage Amount: Make sure it covers funeral costs and small debts.
• Waiting Periods: If possible, choose a policy with no waiting period.
• Company Reputation: Look for strong financial ratings (A.M. Best, Moody’s) and positive customer reviews.

By acting in your early 70s, you’ll have more choices, better rates, and a smoother application process making it easier to protect your loved ones from future financial stress.

Cheapest Burial Insurance for Seniors

Finding the most affordable burial insurance doesn’t just mean looking for the lowest monthly premium. A truly “cheap” policy offers a balance of low cost, reliable coverage, and long-term value. Some plans may seem inexpensive upfront, but come with hidden drawbacks like long waiting periods or limited benefits.

What Makes a Policy Affordable?

• Low Premiums: Easy on your monthly budget
• Good Coverage Value: Enough money to cover final expenses
• No Surprise Fees: Clear terms and fixed payments
• Immediate or Fast Coverage: Benefits start sooner if you qualify

Tips to Lower Monthly Costs

1. Choose a Lower Face Amount
   • If your main goal is covering funeral costs, you might only need $5,000–$10,000 in coverage. This significantly reduces your premium
   • Example: A $5,000 policy might cost half as much as a $10,000 one.
     
2. Skip Unnecessary Riders
   • Many policies offer optional add-ons (riders) like accidental death benefits or child/grandchild riders. These raise your monthly cost.
   • If you don’t need them, don’t add them.
     
3. Apply Online for Discounts
   • Some insurers offer electronic application discounts for paperless processing.
   • This can save a few dollars every month and speed up approval.

Insurance Companies with Competitive Pricing

Here are some well-known providers offering budget-friendly burial insurance for seniors:

Insurance Company	Avg. Monthly Cost*	Policy Type	Notes
Mutual of Omaha	$45–$85	Simplified Whole Life	Low premiums, strong reputation
Transamerica	$40–$90	Whole Life	Flexible coverage options
Aetna/CVS Health	$42–$88	Simplified Issue	Good pricing, quick online approval
Gerber Life	$48–$95	Guaranteed Issue	Competitive for no-health-question plans
Americo	$43–$80	Final Expense	Offers e-app discounts

Estimates based on a $10,000 policy for seniors aged 70–79. Costs vary by age, gender, and health.

Warning: Beware of “Too Good to Be True” Offers

• If a company promises immediate full coverage with no health questions and ultra-low premiums, read the fine print.
• Many such offers have 2-year waiting periods or hidden fees.
• Some may be limited-benefit plans, paying only a fraction of the full amount if death occurs early in the policy.

 Always check:

• The company’s financial strength rating (e.g., A.M. Best)
• Customer reviews and complaints
• Whether coverage starts immediately or has a delay

By comparing options carefully and choosing only what you truly need, you can find a burial insurance plan that’s both affordable and reliable, helping protect your family without straining your finances.

Burial Insurance for Parents Over 80

As parents age, especially beyond 80, many adult children begin to worry about how to cover end-of-life expenses. Funerals can cost anywhere from $7,000 to $15,000 or more, and without a plan in place, that financial burden often falls on the family. That’s why many children choose to purchase burial insurance for their aging parents to protect both their loved ones and their own finances.

Why Children Often Buy Burial Insurance for Aging Parents

• Peace of Mind: Knowing the cost of a funeral is covered brings emotional relief.
• Financial Protection: Avoids draining savings or going into debt to pay for burial costs.
• Parents May Not Qualify on Their Own: Older parents may not seek out or understand their options, especially if they’re in poor health or have memory issues.

How to Legally and Ethically Buy Insurance for a Parent

Yes, you can buy burial insurance for your parent, but there are a few important rules:

• Consent Is Required: Your parents must agree to the policy, even if you’re paying for it. They’ll need to sign the application (or verbally consent if applying by phone).
• Insurable Interest: As their child, you automatically have an “insurable interest,” meaning you’ll face a financial loss when they pass.
• Truthful Application: Health questions (if included) must be answered honestly either by your parents or with their knowledge.

Required Documentation and Consent

To buy a policy for your parent, you’ll typically need:

• Their signature or recorded phone consent
• Basic personal information (DOB, Social Security number, address)
• Medical info if applying for a simplified issue plan
• Banking info (for payment setup, if you’re the payer)

Some companies allow electronic applications with verbal or digital consent, making the process quicker and easier.

Suggested Plans for Medically Frail or Dependent Parents

For parents over 80 who have health issues or need assistance:

Insurance Company	Policy Type	Coverage Amount	Waiting Period	Notes
Gerber Life	Guaranteed Issue	$5,000–$25,000	2 years	No health questions, ideal for poor health
AARP/New York Life	Guaranteed Acceptance	$5,000–$25,000	2 years	Simple process, well-known provider
Aetna/CVS Health	Simplified Issue	$2,000–$35,000	May qualify for no waiting period	Good for moderate health conditions
Mutual of Omaha	Simplified Issue	$2,000–$40,000	None (if eligible)	Competitive pricing and strong service

If your parent is in very poor health or bedridden, a guaranteed issue policy may be the only option. It costs more but guarantees approval.

Emotional Benefits of Planning Ahead

Buying burial insurance for a parent is more than just a financial decision—it’s an act of love and responsibility:

• Reduces family stress during a difficult time
• Gives your parent dignity and a proper farewell
• Prevents disagreements or confusion about funeral costs
• Allows you to grieve without added financial pressure

Taking action now can spare your family emotional pain and financial hardship later. With the right plan in place, you can focus on what matters most: honoring your parent’s life and legacy.

Best Insurance for Funeral Expenses for Someone 88 Years Old

At 88 years old, finding funeral or burial insurance becomes more difficult but it’s not impossible. While many insurance companies stop offering new policies at age 85, a few still accept applicants in their late 80s. The market is very limited, but some guaranteed issues and final expense plans are still available for seniors at this age.

Options Still Available at Age 88

Most policies available at this age are guaranteed issue whole life insurance, which means:

• No medical questions or exams
• Approval is guaranteed if you’re within the age limit (typically up to 90)
• 2-year waiting period before full benefits are paid (unless death is accidental)

These policies are designed to cover funeral expenses, unpaid bills, or small debts.

What to Look for in a Provider at Age 88

When choosing an insurance company at this age, focus on:

• Guaranteed approval with no health questions
• Fast and simple application process (phone or online)
• Reasonable pricing for your age group
• Strong financial stability and customer service

Tip: Avoid companies that make vague promises or offer large coverage amounts with no health questions; they may include hidden fees or strict waiting periods.

Average Premiums & Coverage Limits at Age 88

At age 88, premiums are higher due to increased risk, and coverage amounts are usually capped.

Coverage Amount	Monthly Premium (Male)*	Monthly Premium (Female)*
$5,000	$110–$140	$95–$125
$10,000	$200–$260	$175–$230

Estimates vary by company and payment method. Females often pay less due to longer life expectancy.

Typical Coverage Limit:

• Usually ranges from $2,000 to $15,000, depending on the insurer
• Enough to cover basic funeral costs, cremation, or burial services

Conclusion: 

Planning ahead with burial insurance is one of the most thoughtful decisions a senior—or their family can make. Whether you’re exploring options for yourself or helping a loved one, we’ve covered the key points: from affordable plans for those over 70 or 80, to guaranteed issue policies for individuals as old as 88.

By securing a plan now, you reduce emotional stress, avoid unexpected financial burdens, and give your family the space to grieve without added pressure.

Take the next step: Compare quotes online or speak with a licensed insurance agent to find the right burial insurance plan for your needs. Peace of mind is just a conversation away.

Frequently Asked Questions 

Is burial insurance worth it for seniors?

Yes, while it may cost more at older ages, it offers peace of mind and ensures loved ones aren’t burdened with funeral expenses.

What is the best insurance for seniors over 70?

It depends on health and budget; healthy seniors may get better rates with simplified issue plans from companies like Mutual of Omaha or Aetna.

Is there an age limit for burial insurance?

Most insurers cap new policies at age 85 or 90, though a few accept applicants up to age 95 for guaranteed issue policies.

What is the best burial insurance for seniors?

The best plans offer fixed premiums, fast payouts, and strong customer service top providers include Mutual of Omaha, Gerber Life, and AARP/New York Life.

What is the burial program for seniors?

Government help is limited, but some may qualify for Social Security’s $255 death benefit or local/state burial assistance; these are not replacements for private insurance.