The average cost of a burial may be around $7,500 based on recent funeral surveys which include the cost of a burial plot, memorial service, casket, headstone, etc.
The cost of burial insurance will vary depending on your age when you purchase the burial insurance, how much coverage you buy, your health, and the insurance company. The pricing for burial insurance varies by insurance carrier.
Some of the more well-known providers of burial insurance plans include Colonial Penn, Mutual of Omaha, AARP/NewYork Life and Globe Life.
Each insurance company will have their own underwriting guidelines for approval, and may apply restrictions based on age.
Usually, burial plans offer up to $30,000 or less of life insurance protection, require no physical exam and you may apply for coverage online.