Burial Insurance Need Calculator
Find out how much burial insurance coverage you need based on your age, location, and preferred service type â accounting for future funeral cost inflation.
Part of our Insurance Calculators collection.
Burial Insurance Need Calculator
Free online calculator
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Any current life or burial insurance
How to Use This Calculator
- 1
Enter your personal details and financial information.
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See the estimated cost or coverage need instantly.
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Adjust inputs to compare different scenarios.
How This is Calculated
Projected Cost = Current Funeral Cost à (1 + 0.038)^(85 â Age) Funeral inflation averages 3.8%/year (outpaces general CPI). Projected cost rounded up to nearest $5,000 for clean coverage amount. Assumes average life expectancy of ~85 years.
Example Calculation
See your personalised estimate
Inputs
Result
Enter values above for your estimate
Results update as you enter your information.
Frequently Asked Questions
What is burial insurance?
Burial insurance (also called final expense insurance or funeral insurance) is a small whole life policy â typically $5,000â$25,000 â designed to cover funeral and burial costs. It has no medical exam, permanent coverage, and builds cash value. Premiums are fixed for life.
What's the difference between burial insurance and pre-need funeral plans?
Burial insurance pays cash to your beneficiary who can use it for any purpose. Pre-need funeral plans are contracts with specific funeral homes that lock in prices and services. Both have pros and cons â burial insurance gives more flexibility; pre-need plans guarantee the price with a specific provider.
At what age should I get burial insurance?
The earlier the better for lower premiums. Most people consider it between ages 50â80. Premiums roughly double every 5â7 years with age, so a policy at 60 costs significantly less monthly than waiting until 70.