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    What Is Funeral Insurance?

    Funeral insurance, also called burial or final expense insurance, is designed to be a small ($5,000 to $25,000) policy that is directly paid upon the insured's death to either a designated recipient, such as the executor of an estate or family member making funeral arrangements. It can also be paid directly to a funeral home where you've made prior arrangements for your burial or funeral.

    What It Covers

    Funeral insurance covers expenses directly related to the funeral ceremony itself, cremation if you desire, and the burial. That means it also covers a headstone purchase, the cemetery plot, or an urn or other container for your ashes after cremation.

    What It Costs

    On average, a burial insurance policy costs about $50 per month, and the most common plan is for $10,000 coverage. However, this monthly premium can be higher or lower, depending on your age, gender, health, and whether you want higher or lower coverage.

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    *Policy may depend on the answers to the health questions in the application.

    *Rates vary by enrollees' gender, age, health, location, and the policy amount requested. Funeral costs also vary depending on region, services, and a variety of other factors.

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