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Burial Insurance with No Waiting Period

Burial Insurance with No Waiting Period
Burial Insurance with No Waiting Period

Are you looking for Burial Insurance with No Waiting Period? If Yes, You are at the right place.

In this article, we are sharing all the information about Burial Insurance with No Waiting Period.

Let me share a story about my wise grandfather. He knew life was unpredictable and wanted to ensure his family’s security even after he was gone. Despite his small pension, he realized it wouldn’t cover his funeral expenses.

One day, he approached me, saying, ‘I need burial insurance with no waiting period. I want to spare my family the worry of paying for my funeral if something unexpected happens.’

I was initially hesitant, unsure about burial insurance, and worried about the cost. But he reassured me it was a wise investment, insisting, ‘It’s not that expensive, and it will bring peace of mind to your mother and siblings.’

So, I agreed to help him find a suitable policy. Together, we found some affordable options that met his needs. Which I’m going to share with you all.

When he peacefully passed away a few years later, we were heartbroken but grateful he had arranged the burial insurance. The policy covered his funeral expenses, allowing us to focus on saying goodbye without financial stress.

Many Americans need to plan for their financial futures. The planning process becomes more complex as we age, including planning for end-of-life expenses. The average funeral cost ranges between $7,000 and $10,000, so planning for the financial implications is important even if seniors do not wish to be involved in planning their memorial services.

What is Burial Insurance?

What is Burial Insurance?
What is Burial Insurance?

A burial insurance policy covers expenses associated with burial, funeral services, and other end-of-life events. A burial insurance policy might help your family cope with the costs associated with your passing, given the high cost of funerals. The three types are pre-need insurance, simplified issue insurance, and guaranteed issue burial insurance.

A burial policy, another type of life insurance, allows you to plan for the cost of your funeral without leaving the responsibility to family members. A funeral insurance policy can also be called final expenses or death insurance.

Finding a policy that fits a range of needs regardless of health conditions or desired amounts is possible. There are so many burial insurance companies and policies available that it can be overwhelming to choose the right one.

Note – You can Get Free Cremation if you are from Low-Income Families.

How Does Burial Insurance Work?

It is as simple as selecting the amount of coverage you desire and designating your beneficiaries. Once a beneficiary of an insurance policy has died, the insurance company should be notified as soon as possible to begin the claims process. There may be a requirement for the beneficiary to provide a valid form of identification and a certified death certificate along with the claims form.

What Does a Funeral Insurance Policy Cover?

If you pass away, your loved ones will have to cover the costs of your final expenses, but the payouts can be used in any way they choose.

There are several things your beneficiaries could do with the payout from burial insurance:

  • Services and viewing arrangements for funerals
  • Costs associated with burial and interment
  • The cost of cremation
  • The cost of medical care
  • Outstanding debt
  • Legal costs

Due to the lower coverage amount, you may not have much left over after your beneficiaries have used your death benefit for end-of-life expenses. The value of a traditional whole-life policy can be significant if you wish to leave behind a more substantial sum.

Your loved ones and you can reduce stress by planning for end-of-life arrangements. Using our burial and final expense calculator, you can estimate the funeral and burial services cost.

How Does Burial and Life Insurance With No Waiting Period Work?

When life insurance with no waiting period is purchased, the entire death benefit is paid out, even if the death occurs during the first two years of coverage. The full death benefit will be paid to your beneficiaries regardless of whether death occurs naturally or accidentally.

Most people can qualify for a “first-day coverage” plan even if they have a history of health problems. Almost all life insurance companies will accept your health conditions and insure you immediately if you search long enough.

What Types of Burial Insurance are Available?

Several types of policies need to be considered:

Simplified Issue: The insurer will use a medical history questionnaire to evaluate your health, but a physical exam will not be required. A policy may be denied if you have pre-existing conditions, smoke, or participate in risky activities.

Guaranteed Issue. No need to submit to an exam or answer any medical questions. However, This type of policy usually incurs higher costs due to the risk it presents to the insurer. Depending on the policy, you may also have the option of receiving modified benefits, which means your full death benefit will not be available until the policy has been in force for a specified period, usually 24 or 36 months. Your beneficiaries would only receive a limited portion of your payout if you passed away due to natural causes before this waiting period. Full benefits are typically paid when an individual dies due to an accident.

Pre-Need Insurance: Your funeral service provider will contract with you under this type of policy. It provides a range of specific products and services that you will select through the funeral provider, and the policy’s payout will be made directly to the funeral provider rather than to the individual beneficiaries you select.

The Best Burial Insurance with No Waiting Period in 2023

The Best Burial Insurance with No Waiting Period in 2023
The Best Burial Insurance with No Waiting Period in 2023

State Farm

State Farm is a leading insurer in the U.S., offering a wide range of insurance products, including guaranteed issue final expense policies. Moreover, according to our analysis, State Farm is the best whole life insurance company and universal life insurance company.

State Farm does not require medical exams or questions for its final expense policies, and the company will not deny coverage to qualified applicants. There is a $10,000 to $15,000 range of coverage.

The State Farm company is not licensed in Massachusetts, and its policies might not be available everywhere. The State Farm company has a large network of agents who can assist consumers in finding the right coverage for their needs.

State Farm Burial Insurance Policy Details

Policy nameEligibility age rangeCoverageAvailability
$10,000 Whole Life Insurance (known as $10,000 Guaranteed Issue Life Insurance in New York)50 to 80 years old (50 to 75 years old in New York)$10,000 (up to $15,000 in some states)Except for California, all states. The company does not offer policies to new customers in Massachusetts or Rhode Island.
State Farm burial insurance policy details

American Family

You may want to consider American Family if you need other insurance products besides burial coverage. Bundling certain types of insurance works to the company’s advantage, and the company has fewer complaints than expected compared to companies of a similar size.

American Family had fewer complaints to state regulators than most companies of its size, making it a reputable company. The company offers a range of insurance products, such as vehicle, property, and business insurance. Depending on your policies, you can save money if you bundle them. 

American Family Burial Insurance Policy Details

Policy nameEligibility age rangeCoverage amountAvailability
Whole life insurance for seniors under DreamSecure50 to 80 years old$10,000 or $15,000Alabama, Arizona, Colorado, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, Nevada, North Carolina, North Dakota, Ohio, Oregon, South Carolina, South Dakota, Texas, Utah, Virginia, Washington, Wisconsin, and Wyoming.
American Family burial insurance policy details


It is probably best known for being an organization that advocates for older people, but AARP also provides members with life insurance, including burial insurance. A company specializes in offering policies but does not underwrite them; that’s the job of New York Life. A limit of $25,000 of coverage is available, and applicants who qualify are guaranteed acceptance.

Additionally, AARP allows members to purchase supplemental Medicare health, dental, pet, car, and homeowners insurance through third-party companies such as The Hartford.

AARP Burial Insurance Policy Details

Policy nameEligibility age rangeCoverageAvailability
Guaranteed Acceptance Life Insurance50 to 80 years (50 to 75 years in N.Y.)$25,000 maximum (higher coverage may be available)Not all states are covered. There may be an exception if you live in Arkansas, Louisiana, or Oregon and are not a club member.
AARP burial insurance policy details

Mutual of Omaha

Mutual of Omaha is an insurance company that offers life insurance, medical insurance, and financial products. The company offers a guaranteed acceptance policy with coverage limits of up to $25,000, a higher limit than most other providers offer. As one of the few providers to offer this product at a starting age of 45, Mutual of Omaha also makes it available to younger applicants.

The death benefit provided by Mutual of Omaha is significantly reduced if the policyholder dies within the first two years of ownership. Unlike other providers, the policyholder’s benefits are only reduced if they die naturally. If the policyholder dies of accidental causes within the first two years of the policy, Mutual of Omaha pays the full death benefit.

Mutual of Omaha Burial Insurance Policy Details

Policy nameEligibility age rangeCoverage amountAvailability
Guaranteed Whole Life Insurance45 to 85 years (50 to 75 years in New York)$2,000 to $25,000 (from $5,000 to $25,000 in Washington)All 50 states
Mutual of Omaha Burial Insurance Policy Details


Ethos is not a company that offers insurance. The brokerage is a digital brokerage that offers no-exam life insurance policies. A term life insurance policy with a maximum coverage of $2 million is offered, as is a guaranteed acceptance term life policy of $10,000, $15,000, $20,000, and $25,000.

It is not Ethos that underwrites these policies. Several national insurers provide coverage through the organization, including Legal & General America, Ameritas Life Insurance Corp., TruStage Financial Group, Inc., Senior Life Insurance Company, and Mutual of Omaha.

Ethos Burial Insurance Policy Details

Policy nameEligibility age rangeCoverageAvailability
Guaranteed Issue Whole Life66 to 85 years oldBetween $10,000 and $25,000Not available in New York
Ethos Burial Insurance Policy Details

What Features Are Available For Burial Policy Waiting Periods?

  1. No Waiting Period: When it comes to funeral funding and burial plans, this is the preferred option because the funds are immediately available.
  2. There is a Partial Waiting Period: There is immediate partial coverage with these plans. You will receive 30 to 40% coverage during the first 12 months, 60 to 70% during the following 13 to 24 months, and 100% coverage after 24 months.
  3. There is a Two-Year Waiting Period (or modified waiting period): If a death occurs during the first 24 months, the plan will pay out funds without delay, return premiums with interest of 8 to 10%, and provide immediate coverage if accidental death occurs.

Pros & Cons of Burial Insurance with No Waiting Period

The same as anything else you purchase, there are pros and cons to this kind of investment.

It is easier to qualify for than most life insurance policiesThe benefit is lower than that of most life insurance policies.
There are very few health questions to answer, if any at allYour health status will only qualify you for a discount with a health question.
You do not need a medical examThere is a slight increase in rates.
Paying for services in advance and pre-arranging themIt is possible to pay more in premiums than the funeral costs.
The policy usually accumulates cash value that can be used during its life.There is typically little to no money left over after funeral expenses are paid.
Pros & Cons of Burial Insurance with No Waiting Period

How We Choose the Best Burial Insurance with No Waiting Period?

Various burial insurance policies are available, and no two are the same.

The following factors were taken into account when choosing the best Burial Insurance with No Waiting Period:

Simple Qualification Process

Depending on the company, there are different requirements associated with burial insurance policies. Some companies require Applicants to complete detailed surveys and medical exams, while others have very few requirements. We chose health insurance policies that require no physical examination for this guide. Some applications require a questionnaire, but we preferred those that asked less qualifying questions.

Guaranteed Premiums

Several burial insurance policies increase their premium rates with age. There are no increases in premiums on any of the policies in this guide once you are accepted. In addition, if you stop paying the premiums, the company will only cancel your policy, regardless of your health situation.


Many burial insurance policies mature or have an end date based on your age. Our selection of policies is limited to those with high maturities or ones with no maturities that are unlikely to be outlived. The full benefit amount is often paid if you outlive your maturity age on policies with maturity ages.

Things To Consider When Burial Insurance with No Waiting Period

  • Coverage Options: Some companies, such as Mutual of Omaha, only offer certain forms of life insurance, such as term or whole life. Many insurance companies offer more than life insurance, such as car, home, pet, and renter’s. Many companies offer guaranteed issue whole-life policies, but you should carefully study your options to find the best insurer and policy for your needs.
  • Premiums and Affordability: The cost of coverage is determined by the premiums that insurers charge. Some premiums are based on the applicant’s age, while others are based on their health and lifestyle. For a financially feasible policy, experts recommend getting quotes from several providers.
  • Age Eligibility: It is usually only available to applicants over 50 who qualify for final expense insurance. You may be eligible for a specific product, but your premiums vary based on age.
  • Medical Exam Requirements: It is rare for burial insurance providers to require medical exams, but you should learn about any requirements before applying, as they may affect your eligibility and premiums.
  • Waiting Period: Some providers don’t pay The death benefit in the first 12 or 24 months, and many providers reduce the benefit during this time. You must carefully read the fine print and consider these restrictions based on your financial and health situation.
  • Coverage for Pre-Existing Conditions: It’s rare for providers to ask applicants about their medical histories or disqualify them based on it, but you should know what restrictions apply before applying. 
  • Graded Death Benefit: Several insurers pay reduced death benefits to policyholders who die within the first two years of coverage. It is important to understand when these reduced benefits are applicable and the policies around them.


How Much Does Burial Insurance Cost?

Since burial insurance provides lower coverage amounts, it can be considered one of the more affordable types of life insurance, even for older applicants. A monthly premium of $53 is all it takes to purchase burial insurance from eFinancial. The coverage amounts range from $5,000 to $35,000, and premiums can be paid monthly or annually.

Who Can Get a Funeral Insurance Policy?

The coverage is usually available to those aged 50 to 85. Buying funeral insurance without having to take a medical exam is advantageous. You can purchase a policy even if you do not have health insurance or have a pre-existing condition, depending on the type of policy you choose.

Does Burial Insurance Have a Waiting Period?

Most burial insurance policies do not have waiting periods, but some do. There are only a few insurance plans without a waiting period, but you must answer health history questions to determine eligibility.

What Expenses are Covered Under a Burial Insurance Policy?

There are generally no restrictions on using the proceeds of a burial insurance policy, even if they were designed to pay funeral costs, burial expenses, and other end-of-life expenses.

About the author

Vishal Agrahari

Vishal Agrahari is an experienced content writer and financial expert. With his creative and technical expertise in finance and credit cards, he creates content on AquilaResources that is both engaging and useful for readers. He brings a strong background in finance and credit cards that make bring authenticity to his content along with an interest in research to every project he works on.

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