Affordable Burial Insurance for Low-Income Seniors
On a tight budget? Affordable burial insurance with no medical exam is possible. At Diversified Insurance Brokers, we compare plans from 100+ top-rated carriers to help low-income seniors secure final-expense coverage that fits a fixed budget—so loved ones aren’t left with funeral or medical bills.
Whether you live on Social Security, a modest pension, or simply want the lowest steady premium, there are simple, dependable options designed to keep costs predictable.
🖊️ Request a Personalized Low-Cost Burial Insurance Quote
We’ll size coverage to your budget and compare multiple final-expense plans for you.
Prefer a call? Call 800-533-5969
Affordable burial insurance options for low-income seniors
Two simple paths can keep monthly costs down while guaranteeing a benefit for final expenses:
- Guaranteed issue burial insurance — No health questions and no exam; typical eligibility is ages 50–85. Premiums are higher and most policies include a graded waiting period for natural causes in years 1–2 (accidental death is usually day-one).
- Simplified issue burial insurance — A short health questionnaire, no exam. Often lower premiums than guaranteed-issue for those who qualify.
Use our burial insurance calculator for instant pricing
Get quick estimates based on age and state, then we’ll fine-tune options to your exact budget:
How much does low-cost final expense life insurance cost?
What affects affordable burial insurance premiums
- Age and state: Rates increase with age and vary by state rules.
- Health answers: Simplified-issue can lower costs if you qualify.
- Tobacco status: Non-tobacco rates are generally cheaper.
- Benefit amount: Choosing $5,000–$10,000 keeps premiums modest.
- Payment mode: Annual or EFT discounts may reduce total cost.
Many seniors start with coverage between $5,000 and $20,000, targeting a premium around $25–$50 per month depending on age and health answers.
Budget-friendly tips for low-income seniors
Keep your burial insurance premiums predictable
- Right-size the benefit: Aim for essential funeral costs first; you can add later.
- Try simplified-issue first: If eligible, it’s often cheaper than guaranteed-issue.
- Lock in rates early: Applying sooner can secure lower lifetime pricing.
- Let us shop widely: We compare 100+ carriers for the best fit.
Case example: keeping premiums under $40 per month
Rose, 76, lives on a fixed Social Security income of $1,100/month. She needed a plan under $40/month. We placed a simplified-issue policy for $10,000 of coverage at about $35/month, keeping her budget intact and giving her family peace of mind. (Pricing varies by age, state, and underwriting.)
Helpful resources for final expense planning
- Burial insurance with no health exam
- Explore our life insurance services
- Why families choose Diversified Insurance Brokers (video)
Secure affordable burial coverage today
We’ll recommend budget-friendly options and help you enroll in minutes.
Questions now? Call 800-533-5969
FAQs: Affordable Burial Insurance for Low-Income Seniors
What is burial insurance and how does it work?
Burial insurance—often called final expense whole life—is a small, permanent life policy designed to help cover funeral, burial, and last expenses. Premiums are typically level, the death benefit is guaranteed, and coverage lasts for life as long as premiums are paid.
How much coverage do most low-income seniors buy?
Common face amounts range from $5,000 to $25,000, chosen to match expected funeral and final bills. We help you size the benefit to your budget so you’re not over-insuring.
Is there a medical exam?
Most burial insurance uses simplified underwriting—no exam, just health questions. If health conditions are significant, a guaranteed-issue option (no health questions) may be available, usually with a graded waiting period.
What is a graded waiting period?
With many guaranteed-issue policies, natural-cause deaths in the first 2–3 years pay a limited benefit (often a return of premium plus interest). Accidental deaths are typically covered for the full amount from day one. After the waiting period, the full benefit is payable for all covered causes.
How much does burial insurance cost on a fixed income?
Rates depend on age, state, tobacco use, health, and the benefit selected. We compare 100+ carriers to find level-premium options that fit a tight monthly budget, and we can often right-size coverage to keep payments affordable.
Can I qualify if I have health issues like diabetes or COPD?
Usually yes. Many carriers accept common conditions with simplified underwriting. If not, guaranteed-issue policies are available with no health questions, subject to graded benefits in the first years.
Do premiums ever increase or can my policy expire?
Final expense whole life policies typically have premiums that never increase and coverage that never expires as long as payments are made on time.
Can a family member pay for or own the policy?
Yes. An adult child or trusted person can be the payer and even the owner, with your consent. Ownership can help make sure premiums are paid and the beneficiary is kept up to date.
How fast can I get covered?
Many simplified-issue applications are approved within minutes to a few days. Guaranteed-issue approvals are often immediate after basic identity and eligibility checks.
How are claims paid to my beneficiary?
Your beneficiary files a claim with a death certificate. Once approved, insurers typically pay the benefit directly to your beneficiary, often within days, so funds are available for funeral and related costs.
Are there ways to reduce the monthly premium?
Selecting a modest face amount, choosing non-tobacco rates if eligible, and comparing multiple carriers can lower cost. Paying annually can also reduce total premiums with some insurers.
What if I already have some coverage through work or a small policy?
Employer coverage may end at retirement and small policies might not fully cover final expenses. A supplemental burial policy can fill the gap so your family isn’t left with bills.
Contact Us Today:
📞 Call us at 800-533-5969
Or visit our Contact Page
