Top Burial Insurance Companies

The burial insurance market has been experiencing decent growth, especially in the U.S. This is attributed to high funeral expenses, with the average cost of a funeral, including viewing and burial reaching US$ 7,848 in 2021. This financial burden has led several individuals to seek burial insurance policies, which typically offer death benefits ranging from US$ 5,000 to US$ 25,000, designed to cover such end-of-life expenses.

Renowned insurance providers have recognized this growing demand and they are offering various burial insurance products tailored to different needs and preferences. These policies are often more accessible than traditional life insurance, featuring simplified application processes and fewer medical requirements, making these particularly appealing to older individuals or those with pre-existing health conditions.

Top 5 Burial Insurance Companies in the U.S. in 2025

1. Mutual of Omaha

Nebraska-based Mutual of Omaha offers the ‘Living Promise’ Whole Life Insurance policy, which is designed to cover final expenses such as funeral costs, medical bills, or outstanding debts. This policy ensures that premiums remain level throughout the policyholder’s lifetime, and the death benefit is guaranteed not to decrease.

The company provides coverage amounts ranging from US$ 2,000 to US$ 25,000 for individuals aged 45 to 85. No medical exam is required; however, applicants must answer health questions to determine eligibility.

Additionally, an accelerated death benefit rider is included at no extra cost, allowing policyholders to access a portion of the death benefit if diagnosed with a terminal illness. Mutual of Omaha is known for its prompt claim payments, often processed within 24 hours, making it a reliable choice for those seeking quick financial assistance for their beneficiaries.

2. State Farm Insurance

Illinois-based State Farm delivers a ‘Guaranteed Issue Final Expense’ Whole Life Insurance policy tailored for individuals looking to cover their burial expenses without undergoing a medical exam. Available for applicants aged 50 to 80, this policy provides a fixed coverage amount of US$ 10,000. It is a guaranteed acceptance policy, meaning that as long as the applicant meets the age requirement, they cannot be denied coverage.

State Farm ensures that premiums remain fixed over time, making it a stable and predictable option for individuals who want peace of mind regarding their final expenses. The policy is designed for those who prefer simplicity and a hassle-free application process.

3. Aetna Inc.

Aetna, based in Connecticut, provides a Final Expense Whole Life Insurance policy that caters to a wide age range, from 45 to 89 years. The coverage amounts range from US$ 3,000 to US$ 35,000, and the policy comes in different types, including level, graded, and modified death benefits. No medical exam is required, and applicants undergo a simplified underwriting process, making it an accessible option for individuals with various health conditions.

Aetna’s policy is guaranteed until age 121, ensuring lifelong coverage. Besides, the policy accumulates cash value over time, which can be borrowed against if needed. With a fast approval process, sometimes within the same day, Aetna is a preferred choice for those seeking immediate final expense coverage.

4. Nationwide Mutual Insurance Company

Ohio-based Nationwide is known for offering final expense insurance policies designed to cover end-of-life expenses. The firm has earned a strong reputation for financial stability and excellent customer service. It provides a variety of life insurance products, ensuring policyholders have options to meet their financial needs.

With high customer satisfaction ratings and a history of reliability, Nationwide is a solid choice for those looking for a well-established insurance provider. Potential policyholders are encouraged to consult with a Nationwide representative for more details on their final expense insurance offerings.

5. Progressive Corporation 

Progressive, based in Ohio, provides final expense insurance through partnerships with other insurance carriers. While it does not directly underwrite burial insurance policies, Progressive is recognized for its commitment to customer satisfaction and its user-friendly insurance purchasing process.

The company leverages technology to make it easier for individuals to explore different final expense insurance options. Progressive’s partnerships allow it to offer a variety of coverage plans, ensuring that customers can find a policy that suits their needs. For those interested in Progressive’s burial insurance options, visiting their official website or speaking with a representative is recommended.

Digital Transformation to Increase Accessibility, Propelling the Industry in Future

The future of the U.S. burial insurance industry appears positive, with steady growth anticipated due to demographic trends, rising funeral costs, and increased accessibility through digital platforms. These factors collectively suggest a sustained demand for burial insurance products in the foreseeable future.

Technological developments and digital transformation in the insurance sector are also playing a pivotal role in the market's expansion. The adoption of digital platforms has made it more convenient for consumers to research, compare, and purchase burial insurance policies, thereby enhancing accessibility and encouraging market growth.