Burial Insurance Quotes For 60-69 Year Olds

Written by Jeff Root

We do not often hear the term “burial insurance” and yet it is a crucial form of life insurance for many people.

Having good insurance is imperative for those with any surviving family members.

Why Is Burial Insurance Important?

Burial insurance is important because it provides money for your funeral, burial, and other expenses related to your “final costs”.

The amount of coverage you get is not typically a lot. It ranges between a few thousand dollars and can max out at $50,000 through the average upper limit is $25,000.

Having burial insurance means your family is able to pay off debts without dipping into their savings or their retirement.

Find The Best Coverage For Your Exact Age:

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How Does Burial Insurance Work?

Burial insurance typically works much the same way as a term or permanent policy. You can find one or the other depending on what you want.

You can get a 10-year term burial policy or a permanent burial policy. Many companies have permanent or guaranteed burial insurance policies which are, as the name suggests, a guaranteed death benefit upon your passing. These policies different primarily from permanent or term policies because they offer less coverage. This is an ideal solution for those who only want coverage adequate to cover their final expenses, such as a funeral, flowers for said funeral, and coffin.

If you are financially stable otherwise, with your home paid off and no other debts to speak of, then your family may only be burdened with a few thousand dollars in funeral or burial costs. The death benefit from this policy takes care of this.

How Much Does Burial Insurance Cost?

Typically, the premiums for a burial policy are significantly lower than a term or permanent policy because the coverage is limited.

Given that insurance companies need to stay profitable, they base the rates of premiums based on your total coverage amount and how statistically like it is that you will pass away within a certain amount of time.

The goal is to have you contribute enough premiums that you cover the entire cost of the death benefit, similar to a savings account but one you contribute to long-term.So, if you have a reduced policy worth only $10,000 as compared to $500,000 then your premiums do not have to be nearly as high. For those without a substantial income source, this might be the only affordable option.

For those who are retired and have a fixed income, the affordability of the burial insurance is a good solution. Moreover, many companies do not require a medical exam for burial insurance—only a few questions.

Anyone with a pre-existing condition, someone who is a habitual smoker, or a senior who may exceed the age cut off for many companies—all of whom would otherwise be denied coverage—can still qualify for burial insurance.

Burial Insurance Rates for 60 Year Olds

Below is a list of sample rates from various companies, based on annual cost and coverage amount. The sample below is a male from California, with prices divided by age.

Bear in mind that this is merely an example and the rates you receive might differ based on your health as well as your state of residence.

Burial Insurance Rates for a 60 Year Old Man

Gender: Male

Age: 60

Health Class: Preferred Plus Non-Smoker

State: California

Company Annual Cost Coverage Amount
Midland National Life Insurance Company $273.00 $20,000
Assurity Life Insurance Company $283.00 $20,000
Cincinnati Life Insurance Company $378.00 $20,000
Transamerica Life Insurance Company $428.00 $20,000
Occidental Life Insurance Company of North Carolina $496.25 $20,000
Americo Financial Life and Annuity Insurance $583.00 $20,000
United of Omaha Life Insurance Company $584.00 $20,000
Assurity Life Insurance Company $697 $15,000
Mutual of Omaha $702 $15,000
Phoenix Life Insurance $728 $15,000
Assurity Life Insurance Company $473 $10,000
Mutual of Omaha $480 $10,000
Assurity Life Insurance Company $338 $7,500
Mutual of Omaha $347 $7,500
Assurity Life Insurance Company $249 $5,000
Mutual of Omaha $258 $5,000
AIG $390 $5,000

Burial Insurance Rates for a 61 Year Old Man

Gender: Male

Age: 61

Health Class: Preferred Plus Non-Smoker

State: California

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Company Annual Cost Coverage Amount
Midland National Life Insurance Company $301.00 $20,000
Assurity Life Insurance Company $311.00 $20,000
Cincinnati Life Insurance Company $416.00 $20,000
Transamerica Life Insurance Company $482.00 $20,000
Occidental Life Insurance Company of North Carolina $539.00 $20,000
Americo Financial Life and Annuity Insurance $611.00 $20,000
Assurity Life Insurance Company $731 $15,000
Mutual of Omaha $746 $15,000
Phoenix $792 $15,000
Assurity Life Insurance Company $496
Mutual of Omaha $509 $10,000
Assurity Life Insurance Company $354 $7,500
Mutual of Omaha $367 $7,500
AIG $551 $7,500
Assurity Life Insurance Company $260 $5,000
Mutual of Omaha $272 $5,000

Burial Insurance Rates for a 62 Year Old Man

Gender: Male

Age: 62

Health Class: Preferred Plus Non-Smoker

State: California

Company Annual Cost Coverage Amount
Midland National Life Insurance Company $334.00 $20,000
Assurity Life Insurance Company $345.00 $20,000
Cincinnati Life Insurance Company $460.00 $20,000
Transamerica Life Insurance Company $535.00 $20,000
Occidental Life Insurance Company of North Carolina $585.00 $20,000
Americo Financial Life and Annuity Insurance $640.00 $20,000
Assurity Life Insurance Company $769 $15,000
Mutual of Omaha $789 $15,000
Phoenix Life Insurance $824 $15,000
Assurity Life Insurance Company $521 $10,000
Mutual of Omaha $538 $10,000
Phoenix Life Insurance $565 $10,000
Assurity Life Insurance Company $372 $7,500
Mutual of Omaha $387 $7,500
Assurity Life Insurance Company $273 $5,000
Mutual of Omaha $287 $5,000

Burial Insurance Rates for a 63 Year Old Man

Gender: Male

Age: 63

Health Class: Preferred Plus Non-Smoker

State: California

Company Annual Cost Coverage Amount
Midland National Life Insurance Company $372.00 $20,000
Assurity Life Insurance Company $378.00 $20,000
Cincinnati Life Insurance Company $510.00 $20,000
Transamerica Life Insurance Company $589.00 $20,000
Occidental Life Insurance Company of North Carolina $636.00 $20,000
Americo Financial Life and Annuity Insurance $670.00 $20,000
Assurity Life Insurance Company $809 $15,000
AIG $1,221 $15,000
Assurity Life Insurance Company $548 $10,000
Mutual of Omaha $567 $10,000
Assurity Life Insurance Company $391 $7,500
AIG $583 $7,500
Assurity Life Insurance Company $286 $5,000
Mutual of Omaha $301 $5,000

Burial Insurance Rates for a 64 Year Old Man

Gender: Male

Age: 64

Health Class: Preferred Plus Non-Smoker

State: California

Company Annual Cost Coverage Amount
Midland National Life Insurance Company $416.00 $20,000
Assurity Life Insurance Company $406.50 $20,000
Cincinnati Life Insurance Company $506.00 $20,000
Transamerica Life Insurance Company $642.00 $20,000
Occidental Life Insurance Company of North Carolina $690.50 $20,000
Americo Financial Life and Annuity Insurance $703.00 $20,000
Assurity Life Insurance Company $855 $15,000
Phoenix $900 $15,000
Assurity Life Insurance Company $578 $10,000
Mutual of Omaha $597 $10,000
Assurity Life Insurance Company $412 $7,500
Mutual of Omaha $428 $7,500
Assurity Life Insurance Company $301 $5,000
Mutual of Omaha $316 $5,000

Burial Insurance Rates for a 65 Year Old Man

Gender: Male

Age: 65

Health Class: Preferred Plus Non-Smoker

State: California

Company Annual Cost Coverage Amount
Midland National Life Insurance Company $462.00 $20,000
Assurity Life Insurance Company $422.00 $20,000
Cincinnati Life Insurance Company $628.00 $20,000
Transamerica Life Insurance Company $496.00 $20,000
Occidental Life Insurance Company of North Carolina $749.00 $20,000
Americo Financial Life and Annuity Insurance $747.00 $20,000
Phoenix $946 $15,000
Assurity Life Insurance Company $905 $15,000
Mutual of Omaha $626 $10,000
Assurity Life Insurance Company $612 $10,000
AIG $876 $10,000
Assurity Life Insurance Company $436 $7,500
Mutual of Omaha $449 $7,500
Assurity Life Insurance Company $318 $5,000
AIG $450 $5,000

Burial Insurance Rates for a 66 Year Old Man

Gender: Male

Age: 66

Health Class: Preferred Plus Non-Smoker

State: California

Company Annual Cost Coverage Amount
Americo Financial Life and Annuity Insurance $815.00 $20,000
Assurity Life Insurance Company $961.00 $15,000
Mutual of Omaha $982.00 $15,000
Assurity Life Insurance Company $649 $10,000
Mutual of Omaha $666 $10,000
Assurity Life Insurance Company $461 $7,500
Mutual of Omaha $477 $7,500
Assurity Life Insurance Company $337 $5,000
Mutual of Omaha $351 $5,000

Burial Insurance Rates for a 67 Year Old Man

Gender: Male

Age: 67

Health Class: Preferred Plus Non-Smoker

State: California

Company Annual Cost Coverage Amount
Americo Financial Life and Annuity Insurance $901.00 $20,000
Assurity Life Insurance Company $1,021.00 $15,000
Phoenix $1,023.00 $15,000
Assurity Life Insurance Company $689 $10,000
Phoenix $698 $10,000
Assurity Life Insurance Company $489 $7,500
Mutual of Omaha $505 $7,500
Assurity Life Insurance Company $357 $5,000
Mutual of Omaha $371 $5,000

Burial Insurance Rates for a 68 Year Old Man

Gender: Male

Age: 68

Health Class: Preferred Plus Non-Smoker

State: California

Company Annual Cost Coverage Amount
Americo Financial Life and Annuity Insurance $998.00 $20,000
Assurity ife Insurance Company $1,085 $15,000
Phoenix $1,077 $15,000
Assurity Life Insurance Company $732 $10,000
Phoenix $734 $10,000
Assurity Life Insurance Company $520 $7,500
Mutual of Omaha $534 $7,500
Assurity Life Insurance Company $378 $5,000
Mutual of Omaha $391 $5,000

Burial Insurance Rates for a 69 Year Old Man

Gender: Male

Age: 69

Health Class: Preferred Plus Non-Smoker

State: California

Company Annual Cost Coverage Amount
Americo Financial Life and Annuity Insurance $1,107.00 $20,000
Phoenix Life Insurance $1,128 $15,000
Assurity Life Insurance Company $1,156 $15,000
Phoenix Life Insurance $768 $10,000
Assurity Life Insurance Company $779 $10,000
Mutual of Omaha $563 $7,500
Assurity Life Insurance Company $552 $7,500
Mutual of Omaha $411 $5,000
Assurity Life Insurance Company $402 $5,000

Again, each of these examples are rough quotes, prior to answering detailed medical questions or undergoing a medical exam, if necessary.

Choosing the Right Plan

That said, this provides a rough estimate of how substantial differences become in price based on age and coverage. There are many factors to consider with coverage and you need to be aware of how age can impact price.

When you buy your burial insurance you need to figure out whether you want permanent or term policies. What you need is contingent upon your situation so it is best to work with a broker or agent to review your situation and different options at your disposal.

When trying to find the best burial insurance policy, consider the following:

A California male from this example decided to book a burial insurance policy where premium did not change, ever.

Option 1: At age 60, the individual picked a $15,000 coverage policy from Mutual of Omaha for $702 per year.Option 2: If the same individual waits until they are 69, they pick a $15,000 from Phoenix which costs $1,128 per year.

The individual passes away at 80. For Option 1, the individual paid $14,040 in total premiums. For Option, 2 the man paid $12,408 in total premiums.

Now, if the individual pays into the plan for the same number of years (20), then with Option 1they paid a total of $14,040 in premiums.

With Option 2, they paid $22,560. This is not to say one option is better than the other, just that these things need to be taken into consideration.

Finding the Best Burial Life Insurance for Seniors 60 and Older 

Clearly, there are a lot of options out there for life insurance and burial insurance.

Between providers and their policies, there are hundreds of factors to take into consideration when finding the best policy.

The best thing you can do in order to save time and be sure that you find the best burial life policy for you is to speak with an expert.

We help people find the perfect burial insurance plan for their family based on their unique situation.

Call us today, or use our online quoting engine to compare burial insurance rates from some of the best life insurance companies instantly!

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About Burial Insurance Coverage
About Burial Insurance Coverage

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

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