If you are a resident of the state of Texas looking for burial insurance, you may have noticed how expensive funerals have become. As prices continue to soar, more families are left struggling to cover final expenses for their loved ones. In fact, the National Funeral Directors Association estimates the average cost of a funeral is about $10,000. Obtaining final expense insurance, also referred to as burial insurance, is a great way to protect your loved ones and leave a lasting legacy.
Our guide breaks down what you need to know about burial insurance, how much funerals cost in Texas, and which plans are best for you and your loved ones. Continue reading to discover your burial insurance options in Texas.
To learn more about your life insurance options, call us at (866) 786-0725 Monday through Friday, 9 a.m. to 5 p.m. ET. For a personalized funeral cost estimate and to see how much coverage could cost, check our free online funeral cost calculator and quoting tool.
Key takeaways
The average cost of a funeral in the state of Texas is $8,836.
Texas has a free look period that allows the policyholder time to cancel their contract for any reason.
Burial insurance rates in Texas for top providers such as Mutual of Omaha, Transamerica, and Aetna Acendo are similar to the national average.
There are no state laws in Texas that regulate burial insurance.
Average Cost of a Funeral in Texas
Funeral costs are on the rise, making it crucial to secure burial insurance as a means to cover costs such as funerals, cremations, burial plot costs, and other end-of-life expenses.
According to Funeralocity, average funeral costs in Texas can range depending on the type of service you want, ranging from:
- The average cost of a traditional full-service burial is $8,836
- Cremation with a traditional funeral service is $6,289
- Direct burial (burial with no funeral service) is $3,005
- Direct cremation (cremation with no funeral service): $2,395
These prices are for basic services and may vary depending on your location, desired funeral amenities, and more. Check our funeral cost calculator for more information.
What Is Final Expense Insurance?
Final Expense insurance is a type of whole life insurance with smaller coverage amounts, typically $5,000-$50,000. It is meant to cover costs like:
- Funeral or cremation expenses
- Burial plots and headstones
- Medical bills
- Any other end-of-life costs
To ensure your family is protected, you must apply for final expense insurance. Upon your passing, your family will be entitled to the payout. A final expense plan typically does not require a medical exam and is easier to qualify for than other types of insurance. A final expense plan provides lifetime coverage and can accumulate cash value over time.
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Top Funeral Homes in Texas
Here are some of the most popular funeral homes in Texas:
| Funeral Home | Location | Phone Number | Customer Rating |
|---|---|---|---|
|
Henderson, TX |
4.6 / 5 |
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|
Wharton, TX |
5.0 / 5 |
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|
West, TX |
4.9 / 5 |
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|
Greenville, TX |
4.9 / 5 |
||
|
Corsicana, TX |
4.4 / 5 |
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Texas Funeral Cost Breakdown
These prices are for basic services and may vary depending on your location, desired funeral amenities, and more. Check our funeral cost calculator for more information.
General costs for funerals in Texas can vary depending on many factors. Traditional burials are the most expensive due to the prices of caskets and burial plots. Some of the costs that are associated with traditional funerals include:
- Basic services
Includes licensing, funeral director fees, and more. - Transportation
Includes costs for transportation from the morgue and costs associated with driving a casket in a hearse to the cemetery - Service preparation
Embalming is an expensive body preparation and is necessary for traditional funerals - Service
Includes costs for officiants and decoration, alongside average funeral home rental fees - Casket
Caskets vary in price, this cost accounts for a median-priced wooden casket - Burial plot
Burial plot costs vary depending on location
Texas Burial Insurance Laws
Texas does not require residents to purchase burial insurance; however, the state regulates insurance companies and policies sold within the state. Having a final expense plan in place is important because it lessens the burden on your family after you pass away.
The free look period is a law that gives the policyholder the right to cancel their contract for any reason. The policyholder is also entitled to a full refund of any premiums paid during the free look period. This provides policyholders ample time to review their policy and make any necessary changes. It also protects people from being stuck with a policy written by an agent with malicious intent. The free look period typically lasts 10 to 30 days, but can differ depending on the insurance company and state laws.
Another law to be aware of is the Federal Trade Commission’s Funeral Rule. This law mandates that funeral homes must provide prices upon request.
How Much Does Texas Burial Insurance Cost?
Burial insurance offers seniors low-cost, whole-life coverage. With average benefit payouts ranging from around $5,000 to $50,000, these policies offer plenty of tax-free cash to cover funerals and other end-of-life expenses.
Seniors in good health can qualify for no-wait plans at low rates, while those with pre-existing conditions may qualify for modified or guaranteed policies. Though burial insurance is generally affordable for seniors, rates rise as applicants age or health concerns worsen. Don’t wait! Apply early and save.
$10,000 Texas Burial Insurance Rates
Here are sample rates for Texas burial insurance for seniors aged 50 to 80. These rates are calculated for a benchmark $10,000 Living Promise No-Wait burial insurance policy from Mutual of Omaha, one of our top-rated partner providers:
| Age | Monthly Rate (Male) | Monthly Rate (Female) |
|---|---|---|
|
50 |
$31 |
$24 |
|
55 |
$36 |
$28 |
|
60 |
$44 |
$33 |
|
65 |
$54 |
$41 |
|
70 |
$75 |
$53 |
|
75 |
$97 |
$71 |
|
80 |
$140 |
$98 |
These rates are calculated for a $10,000 burial insurance policy from Mutual of Omaha, using a non-smoking applicant with no pre-existing health conditions.
For real life insurance rates from our top providers, contact Final Expense Benefits. We can help you find a great burial insurance policy at any budget.
Best Final Expense Insurance Companies in Texas
If you are looking for affordable, yet trusted coverage in Texas, Mutual of Omaha and Aetna are great options. These carriers are great options for Texans because not only is the underwriting flexible, but pricing is fair. Final Expense Benefits only work with top-rated carriers so that you can receive the best coverage possible. We partner with over 20 carriers, including:
Call our expert agents Monday through Friday, from 9 a.m. to 5 p.m. ET at (866) 786-0725. Get started now with our free quoting tool and find the best insurance policy for you and your loved ones.
Final Thoughts
If you are looking for burial insurance in Texas, you have a variety of options, but only some carriers are worth your time and money. Final Expense Benefits only partners with top-rated carriers, so you can be assured that an agent can find you a plan tailored to your needs.
For help in finding the best burial insurance policy for you and your loved ones, give one of our expert agents a call at (866) 786-0725 or try our free online quoting tool for a quick and easy estimate.
Call us today at (866) 786-0725, or check our free online quoting tool and personalized funeral cost calculator to see how much you could spend.
FAQ
How to Get Final Expense Insurance in Texas
If you are interested in securing the future for your loved ones and ensuring end-of-life expenses are covered, give our talented agents a call. Agents are available Monday through Friday, 9 a.m. – 5 p.m. ET at (866) 786-0725. Our agents can discuss various options and help you find the plan that best suits your needs.
Is There A Free Look Period in Texas?
The free look period for life insurance policies issued in the state of Texas is 10-20 days, according to the Texas Department of Insurance. If you cancel during this period, you are entitled to a full refund; if you cancel beyond this period of time, the insurer is not required to refund any premiums you have paid.
How Are Insurance Costs Calculated in Texas?
Rates for final expense insurance will depend on your age, gender, health status, and the coverage amount you are seeking. To get a more accurate estimate, you can give one of our talented agents a call at (866) 786-0725, Monday through Friday, 9 a.m. to 5 p.m. ET. Our free online quoting tool is also available for you to receive an estimate at any time.
I Already Have Whole Life Insurance. Why Do I Need Final Expense Life Insurance?
You may want to consider purchasing final expense insurance in addition to a whole life policy to ensure that your beneficiaries have funds specifically for end-of-life costs, such as funeral expenses, medical bills, or any other unexpected expenses that may arise. A whole life policy can cover some of these costs, but it is typically intended to replace income, and in using the funds to cover funeral expenses, the beneficiary would significantly reduce the benefit they are entitled to. Having a separate burial insurance policy provides additional
What is Burial Insurance?
Burial insurance is a type of life insurance that seniors can use to cover their funeral bills and other end-of-life expenses. Burial insurance is designed to offer affordable coverage to seniors, and the average benefit payout ranges from about $5,000 to $50,000. Our burial insurance quoting tool is available at your convenience for you to receive pricing estimates.
How Much Does A Funeral Cost in Texas?
A traditional funeral in Texas averages around $8,791. Check out our funeral cost calculator to see how much you should save. Our agents can assist you in this process.