The cheapest burial insurance comes from simplified issue policies with independent carriers — not big brand names. Rates vary by 30-50% between carriers for identical coverage. Shop at least 3 quotes, avoid guaranteed issue (most expensive), and apply while healthy.
Finding the cheapest burial insurance comes down to strategy, not luck. Here's how to get the lowest rate:
1. Qualify for Simplified Issue
Simplified issue (health questions, no exam) is always cheaper than guaranteed issue (no questions). The difference can be 30-50%. If you're in reasonable health, always start with simplified issue.
2. Compare Multiple Carriers
Rates vary dramatically. A 65-year-old woman might see quotes from $42/month to $68/month for $10,000 coverage — same age, same coverage, different carriers.
3. Avoid Brand Names
AARP, Globe Life, and other heavily-advertised brands typically cost 20-40% more. That marketing budget comes from your premiums. Independent carriers often offer better value.
4. Buy Younger
Every year you wait increases your rate. Locking in at 60 is dramatically cheaper than waiting until 70.
5. Don't Overbuy
You need enough to cover funeral costs ($7,000-$12,000) plus some buffer. Buying $25,000 when $15,000 is sufficient wastes money.
Current Cheapest Options
Several independent carriers consistently offer competitive rates:
- Mutual of Omaha
- SBLI
- Foresters
- Transamerica
- Prosperity Life Group
Use our calculator below to see rates from multiple carriers in your state.
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