Burial Insurance Quotes For 50-59 Year Olds

Written by Jeff Root

Burial insurance is a wonderful form of protection for those who need coverage that only covers their final expenses, their burial costs.

As you get older, your financial needs change. With that, so does the face amount you need with your insurance in many cases.

You no longer have kids at home who are dependent on you. You may no longer have a mortgage to worry about Or at least have made a significant dent in it.

You likely no longer have to worry yourself with having coverage for other large debts such as student loans.

Instead, at this age, most people only need to provide the coverage necessary for their burial, just enough that their families are not stuck bearing the burden.

How Much Does A Burial Cost? 

And just how much is that burden? Well, the average cost of a funeral is around $9,000. This includes a great many things that most people do not consider until long after it is necessary such as:

  • Plot
  • Funeral services
  • Headstone
  • Casket
  • Gravestone
  • Cremation

There are many other expenses associated with death.  While it is not pleasant to think about, it is a reality we all face.

We can all also agree leaving your family with expenses is not a pleasant thought either.  Enter burial insurance.

How Much Burial Insurance Coverage Do I Need?

When you are in your fifties, you can choose coverage typically between $5,000 and $25,000.

  • If you take out $5,000 in coverage you can get a low end cremation service.
  • If you take out $7,500 in coverage you can get a basic burial.
  • If you take out $10,000 in coverage you can have a basic funeral service and burial.
  • If you take out more than that, you can add more expensive components like higher end caskets and larger services.

It is best for you to calculate the amount of coverage you would need before you settle on your burial insurance plan.

Funeral providers can often give you an estimate for services they have done similar to what it is you want.

This can help you to figure out the rough costs for different levels of services, burials versus cremations, etc…

Burial Insurance Rates for 50-59 Year Olds

Now let’s look at some burial insurance quotes for people ages 50 through 59 in a number of different health classifications. For the following tables, female and male applicants are California residents.

Males Preferred Health

Preferred health refers to people who have no history of diseases or health conditions in their family, live a healthy lifestyle, and who are currently healthy for their age group.

Age $5,000  $7,500  $10,000  $15,000  $25,000 
50 $16 $21 $29 $43 $69
51 $16 $22 $30 $45 $73
52 $17 $22 $31 $45 $73
53 $17 $23 $32 $47 $76
54 $18 $24 $33 $49 $79
55 $18 $25 $34 $53 $85
56 $19 $26 $36 $53 $86
57 $20 $26 $37 $54 $89
58 $20 $27 $38 $56 $93
59 $21 $29 $40 $59 $97

Females Preferred Health

Age $5,000  $7,500  $10,000  $15,000  $25,000 
50 $14 $18 $26 $36 $57
51 $14 $19 $29 $38 $61
52 $15 $20 $28 $38 $61
53 $15 $20 $29 $40 $64
54 $16 $22 $31 $42 $66
55 $16 $23 $31 $44 $71
56 $17 $24 $33 $44 $72
57 $19 $24 $34 $45 $75
58 $18 $25 $35 $47 $79
59 $19 $27 $37 $49 $81

Male Smokers

These rates are for males who smoke a pack of cigarettes a day. Smokers can regularly expect to experience 2 to 5 times higher life insurance rates than non-smokers, however, burial insurance rates for smokers remain relatively close to their non-smoker counterparts.

Age $5,000  $7,500  $10,000  $15,000  $25,000 
50 $18 $25 $34 $51 $83
51 $18 $26 $35 $53 $87
52 $19 $26 $36 $53 $87
53 $19 $27 $37 $55 $90
54 $20 $29 $38 $57 $93
55 $20 $29 $39 $60 $99
56 $21 $31 $40 $60 $100
57 $22 $31 $41 $61 $103
58 $22 $32 $42 $64 $107
59 $23 $33 $44 $67 $111

Female Smokers

Age $5,000  $7,500 $10,000 $15,000 $25,000
50 $16 $22 $30 $45 $72
51 $16 $23 $31 $47 $76
52 $17 $24 $33 $47 $76
53 $17 $24 $33 $49 $79
54 $18 $26 $35 $51 $81
55 $18 $27 $35 $53 $86
56 $19 $28 $37 $53 $87
57 $21 $28 $38 $54 $90
58 $20 $29 $39 $56 $94
59 $21 $31 $41 $58 $96

Diabetice Males

Just as with smokers, diabetics do not recieve much higher burial insurance rates than those without diabetes.  This is because of the low coverage amount on burial insurance, and the guaranteed payout.

Age $5,000  $7,500  $10,000  $15,000  $25,000 
50 $24 $32 $45 $66 $182
51 $24 $33 $46 $68 $186
52 $25 $33 $47 $68 $186
53 $25 $34 $48 $70 $189
54 $26 $36 $49 $72 $192
55 $26 $36 $50 $75 $198
56 $27 $38 $51 $75 $200
57 $28 $38 $52 $76 $201
58 $28 $40 $53 $79 $206
59 $29 $21 $54 $82 $210

Diabetic Females

Age $5,000  $7,500  $10,000  $15,000  $25,000 
50 $20 $27 $37 $54 $151
51 $20 $28 $38 $56 $155
52 $21 $29 $40 $56 $155
53 $21 $29 $40 $58 $158
54 $22 $31 $42 $60 $160
55 $22 $31 $42 $62 $165
56 $23 $33 $44 $62 $166
57 $23 $33 $45 $63 $169
58 $24 $34 $46 $65 $173
59 $25 $36 $48 $67 $175

When Should I Get Burial Insurance Coverage?

When you are in your 50’s it is important to choose coverage sooner rather than later. The closer you are to your forties rather than your 60s will play a significant difference in the price that you pay.

Each year you wait will increase your price because life insurance is primarily based on your age. Waiting five years until you are closer to 60 will increase the premiums you pay.

This is important because term and permanent policies typically have level premiums. That once your coverage goes into effect, the premiums you are paying at the start of your policy will remain the same for the remainder of the policy.

Therefore, the longer you wait to take out your policy, the higher the premiums are going to be, amounting to more money spent for the rest of your life.

Consider this:

If you take out a policy at 55, your premiums might only be around $50 a month but if you wait until you are 59 that amount might go up to $55 a month.

If something changes with your health that amount could go up to $60 per month. Just an increase of $5 per month means an increase of $60 per year to the policy you are paying. If you take out a permanent policy, then you pay an extra $60 every year of your life.

Waiting until you are 59 as a male or female, chances are you will live another 30 years which means another 30 years of paying $60 annually. This starts to add up.

Therefore, it is better to take out coverage sooner rather than later if you have no real reason to wait.

What About Guaranteed Life Insurance?

Many companies offering burial insurance have guaranteed whole life insurance policies as part of their burial or final expense plans. These should only be considered as a last resort.

As the name suggests they are guaranteed. You cannot be turned down. But in exchange for no one being turned down, you do not take a medical exam and you have a graded death benefit.

The graded death benefit means that for the first two years of the policy your beneficiaries do not get the death benefit if you pass away. Instead, they will only receive your premiums to date and if you are lucky 10% interest. By comparison, every other policy burial or otherwise will take effect immediately.

If you are in your fifties a guaranteed life insurance policy is only something that you should consider if you have a pre-existing condition that would otherwise be cause for denying any other form of coverage.

Best Companies For 50-59 Year Olds

There are many burial insurance companies on the market, but there are a few that stick out amongst the rest for their outstanding customer satisfaction, financial stability, and burial insurance rates.

Company A.M. Best Rating Customer Satisfaction
Assurity A- 4.1 / 5
Mutual of Omaha A+ 4.2 / 5
Sagicor A- 4.1 / 5
Foresters A 4.0 / 5

While pricing will change based on health, age, and many other factors, these burial insurance companies regularly have competitive rates and some of the best coverage on the market.

Speak with an agent today for more details on policy options for each company.  You can also read our life insurance company reviews for each of them to learn more.

Choosing the Right Plan

You can see that burial insurance rates increase as you get older and based on your health.

For those who are in poor health, there are plans where you do not have to provide medical answers or submit to a medical exam and these are called “guaranteed” burial plans.

They tend to be more expensive and not necessarily something you should consider unless you are not comfortable submitting to a medical exam, have serious medical conditions which would otherwise be cause for denial of coverage, or are a heavy smoker.

You will also want to take into consideration that different companies charge different rates, but that is because they have different features to offer. Some offer higher coverage options for face amounts while others have riders built into even their most limited burial coverage policies.

Finding the Best Rates

What is the best way to find affordable burial insurance for 50-59 year olds? Well, the first thing you want to do is begin comparing burial insurance rates.

It is important to find rates from the best burial insurance companies who have the best options open to you and your family.

Life insurance is a big investment, and it protects a big asset – your family.  At the end of the day, you want to be sure that they are in good hands.

Speaking with an independent life insurance agent who represents dozens of the best burial insurance companies on the market is a great way to ensure you compare your best policy options, while simiultaneously learning more about what types of coverage is right for you.

Our agents are ready to help.  Give us a call today to get started, or get started online using our burial insurance quote tool!

Burial Insurance Quotes for 50-59 Year Olds

Affordable rates, insanely fast quotes



About Burial Insurance Coverage
About Burial Insurance Coverage

We work with individuals across the nation to secure the best life insurance rates.

This entry was posted in Burial Insurance By Age. Bookmark the permalink.

Leave A Reply