Florida Burial Insurance: 11 Expert Questions To Ask

Jake Irving

Jake Irving is the Founder of Policy and has contributed to articles for Synchrony Financial, GoBankingRates, Yahoo News, UpCity, Zapier, LegalZoom, and more.

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The Sunshine State is a beautiful place to live. From Tallahassee to Miami Beach and everywhere in between, the state of Florida has so many wonderful activities and destinations to offer.

One item that is not usually at the top of the mind of Florida residents is what happens financially after passing away. Funeral expenses range over various price points depending on several choices made throughout the process.

This is where final expense insurance for seniors comes into play as a necessary resource to help with funeral costs.

11 Expert Questions To Ask About Florida Burial Insurance

1. What is Florida Final Expense Insurance?

Final expense is also known as burial insurance and funeral insurance. You will see these names interchanged as they are marketing terms used by the carriers to describe the intention of the coverage.

Florida final expense policies are a type of whole life insurance. Funeral insurance is different from a traditional whole life insurance policy because it is not meant to replace your income. The face amounts are smaller, typically from $5,000 – $40,000, so the funds are intended to cover funeral expenses and other end-of-life costs.

A significant benefit of funeral plan insurance is that there are no medical exams, providing a more streamlined process to get coverage.

All whole life plans come with the following permanent benefits.

Price Lock: The monthly price will not increase or fluctuate for the insured’s entire life.

Coverage Lock: The coverage amount will never decrease, and the policy will never expire.

Cash Value: As payments are made, a portion of the premium goes towards the cash value, building this amount up over time. The policy owner can borrow from the cash value if needed.

2. Is the Death Benefit Flexible?

While funeral insurance can cover anything, it is most commonly used for funeral arrangements and fees from funeral homes. There are no limitations as to what the death benefit must be used for. The following list includes typical items that the burial insurance payout typically covers.

  • Cremation
  • Burial
  • Embalming
  • Memorial/Celebration of Life
  • Cemetery Plot
  • Casket
  • Credit Cards
  • Medical Bills
  • Post-Mortem Expenses
  • Leaving an Inheritance
  • Charity Donations
  • Other Final Expenses
  • Remaining Balance on a Mortgage
  • Legal Expenses

3. How Do I Qualify for Funeral Insurance in Florida?

Insurance companies each have different eligibility requirements for their plans. Eligibility largely depends on health, but age also plays a role. With a wide range of plan options, it is important to work with a knowledgeable agent who can pre-qualify you for the best final expense insurance to meet your needs.

4. What is the Average Price of Florida Funeral Insurance?

The cost of final expense life insurance premiums will vary based on the health of the senior. Several factors impact the price, with health being the most important.

The chart below shows the range that seniors will pay for Florida funeral insurance. The highest price in the range is for a guaranteed issue policy that asks no health questions but has a 2-year waiting period.

Speak with an agent to get a specialized burial insurance quote for Florida residents.

Monthly Premium Range

$10,000 Death Benefit

NonpSmoking Quotes in Fl

Age Female Male
$23 - $34
$27 - $47
$24 - $39
$31 - $56
$28 - $47
$36 - $61
$33 - $54
$44 - $68
$41 - $66
$56 - $91
$53 - $80
$75 - $106
$72 - $116
$100 - $150
$98 - $190
$140 - $232
$136 - $220
$193 - $312

5. Why do Policies Make you Wait for Full Coverage?

Some plans have waiting periods because the life insurance companies want to protect themselves from seniors who pose a high risk of a shorter lifespan. The plans with a waiting period will be more lenient with the health requirements to qualify, but the monthly premiums will be higher.

A waiting period lasts 2 – 3 years, but there are plenty of options that only have a 2-year waiting period. Never get a final expense policy that makes you wait longer than 2 years.

6. How do I Qualify for Immediate Coverage?

It is possible to get funeral insurance with no waiting period. You will need to answer “no” to all the health questions asked on the application. You will receive day one coverage and the best price possible if you can answer the application’s queries favorably.

Since burial insurance companies have varying health requirements, many seniors in Florida can qualify for immediate funeral protection.

The best thing to do is speak with a highly rated final expense insurance specialist.

7. How Much Will Social Security Pay Florida Residents to Cover Burial?

Social Security will pay a maximum of $255 to your survivors after they go through the process of qualifying. This amount is nowhere near what the average funeral costs in Florida and should not be your primary plan.

8. What is the New Florida State-Regulated Life Insurance Program?

All life insurance is regulated at the state level. If you have received a postcard in the mail advertising a “state regulated life insurance program,” it is simply a marketing ploy. This mail is sent on behalf of agents looking for seniors interested in life insurance. It is not an exclusive offer regardless of what the mail may claim.

Do your research because there is likely a better option available to you than replying to an elusive postcard.

9. What is the Maximum Age to Receive Coverage?

The initial application age typically ranges from 50 – 80. However, some companies will issue initial final expense insurance for seniors over 80.

Remember, once you take out a policy, you will have it for life. This answer specifically refers to the applicant’s age when getting coverage initially.

10. Can I Purchase a Policy for My Parents?

You can purchase funeral insurance for parents, grandparents, or other loved ones. You do, however, need their permission to purchase for them. The proposed insured needs to be involved in the process, including being in sound mind and signing the application before submittal.

11. Is This Coverage Worth it for Me?

There are no guarantees in life. If everyone knew exactly when they would fall ill or pass, they would be able to plan for the end of their lives and make the proper funeral arrangements.

Since this is not the case, Florida burial insurance is designed to achieve peace of mind for a simple and easy monthly payment.

As long as the payments are made each month, final expense coverage is worth it because the resources will be there for your family when they need them most.

What Is The Best Burial Insurance For Floridians?

The best burial insurance company and coverage for one person can be much different than another. This is very common within final expense coverage because each insurance carrier sets its own age and medical guidelines for what it will and will not accept.

Finding the Best Burial Insurance Company & Plan

Since there are so many factors that play into choosing the best final expense coverage, there are three main things Floridians should keep in mind.

Premium Price: Finding an affordable plan is essential. While the monthly cost will never change, your income might, so it is vital to get a premium that you can manage no matter what.

Company’s Financial Rating: Getting a burial insurance policy from a trusted insurance carrier is a must. Insurance companies with an AM Best financial rating of B+ or better will provide a good idea of the company’s financial standing and ability to pay the death benefit.

Date of Full Coverage: Obtaining coverage that begins as soon as possible is important. The maximum wait time for seniors with compromised health should be 2 years. If an applicant is in good health, there is no reason to anticipate a waiting period.

What Is The Average Cost Of A Funeral In Florida?

Average funeral costs vary drastically from state to state. These costs also fluctuate between different cities and funeral homes. The prices shown below are the averages for different cities throughout Florida. The state of Florida falls right in the middle for funeral expenses when compared to the country as a whole.

Caskets are usually one of the single most significant expenses in the cost of final disposition. The state of Florida does not require a casket for burial or cremation. However, the individual funeral home or cemetery may have its own rules on caskets.

There are no state laws in Florida prohibiting burial on private land as long as no fees are being collected from the landowner and the property is under 2 acres. Before establishing a family cemetery or burying a loved one on privately owned land, review county and city zoning ordinances.

The average traditional burial service in Florida is $7,697

The average traditional cremation service in FL is $6,195

Location Burial Creamtion
Daytona Beach
Fort Meyers
Panama City
West Palm Beach
FL State Average

The cost of a headstone or plot of land in a cemetery is not included in the price estimates.

Florida Cremation Statistics

In 2020 Floridians chose to be cremated about 68% of the time. Funeral arrangements nationally show a growing trend towards cremation over burial. This number sheds light on why Florida’s estimated 2030 cremation rate is over 77%. The cost of a cremation-based funeral is less expensive and is one of the reasons for this trend.

In many states, including Florida, cremating someone within 48 hours of their death is unlawful. However, unlike other states, Florida has no regulations on what can or cannot be done with cremated remains.

The Florida cremation law has been expanded to include alkaline hydrolysis and was one of the first states to accept this greener practice.

Floridian’s Lifespan

The average age of death in Florida is 77.4 for males and 83.1 for females. This is a greater life span than the national average for both genders.

A longer average lifespan is good news for Floridians, but seniors still need to be prepared for the inevitable.

National Average Lifespan:

  • Males 76.3
  • Females 81.4

Causes of Death in Florida

Listed below are the top 10 leading causes of death in the state of Florida, according to the Center for Disease Control and Prevention (CDC).

  1. Heart Disease
  2. Cancer
  3. Accidents
  4. Chronic Lower Respiratory Diseases
  5. Stroke
  6. Alzheimer’s Disease
  7. Diabetes
  8. Suicide
  9. Kidney Disease
  10. Chronic Liver Disease/ Cirrhosis

Final Thoughts On Florida Funeral Insurance

a. When looking into Florida final expense insurance, there are several choices. Florida has many senior citizens, which gives more carriers incentive to operate in the state. Be aware of your many options.

b. Do your research to find the best plan for your specific health condition.

c. Work with an independent agent who offers a variety of plan types.