Ohio Burial Insurance: 9 Dependable Questions

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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In the Buckeye State, there is a lot to be thankful for, including the beautiful shores of Lake Erie, to all that Cincinnati has to offer, and everywhere in between.

Most people do not consider who will pay for their funeral expenses, which can be a sudden and stressful cost for family members during mourning.

Senior life insurance can assist in paying for this financial obligation.

Ohio Burial Insurance: 9 Dependable Questions

1. What is Ohio Funeral Insurance?

Funeral insurance is a type of whole life insurance marketed using three different names to describe the intent of the coverage.

  • Final Expense Insurance
  • Burial Insurance
  • Funeral Insurance

Every whole life policy has the following three features.

Price Lock: The price will never increase.

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

Builds Cash Value: You can borrow money from your policy. A portion of every payment you make will go towards the cash value.

2. What Makes Funeral Insurance Different From Other Life Insurance Products?

Several benefits come with a burial life insurance policy compared to traditional policies. These features make funeral coverage an excellent idea for many seniors across Ohio.

Affordability: The final expense coverage amounts are smaller than traditional life insurance policies. Final expense covers $2,000 to $40,000 while traditional plans begin at $50,000. The more coverage you have, the higher the premiums will be.

Simplified Underwriting: The underwriting process is streamlined and can be completed entirely over the phone. Applicants will never be asked to get a medical exam.

Quick Payout: It is common for the beneficiary to receive the death benefit money within days of filing the claim.

3. What Can the Policy Payout be Used For?

While life insurance coverage is state-regulated, the Ohio government does not control what the money goes towards. The beneficiary can use the funeral insurance payout to cover anything. Most often, the majority of the money goes to cover funeral services but can also be left as an inheritance or to charity.

Make sure you have a trustworthy beneficiary who knows your final wishes so they can spend the money how you want.

4. How Much is a $10,000 Life Insurance Policy in Ohio?

A $10,000 burial insurance policy costs $30 – $200 for Ohio residences. The premiums are influenced by the applicant’s age, gender, health, and policy amount.

The chart below shows the price range seniors in Ohio can expect to pay for a $10,000 life insurance policy. The range of prices accounts for the various health statuses that an Ohioan might have. Again, the lower the price, the healthier the applicant needs to be to qualify.

Ohio Monthly Premium Range

$10,000 Death Benefit

Non-Smoking Quotes

Age Female Male
$23 - $37
$27 - $54
$24 - $39
$31 - $56
$28 - $47
$36 - $61
$33 - $54
$44 - $68
$41 - $66
$56 - $91
$53 - $80
$73 - $106
$72 - $116
$100 - $150
$98 - $190
$140 - $206
$136 - $221
$193 - $316

5. Why do some Ohio Burial Insurance Plans Make You Wait for Coverage?

Immediate coverage burial insurance requires applicants to answer various medical questions. However, most seniors can qualify for these policies, which may take a little more searching, depending on your health.

Some policies enforce a waiting period because of the insurance company’s perceived risk. They agree to cover an individual with health risks, and in return, they ask that the individual pays a higher monthly price with a more restricted policy structure. The typical waiting period lasts two years.

How Waiting Periods Work: If the insured dies during the waiting period, the beneficiary will receive a portion of the coverage amount. If the insured dies after the waiting period has ended, the beneficiary will get the full death benefit.

6. How Old Can I Be & Still Qualify for Coverage?

Most final expense insurance companies will award coverage to people aged 50 – 80. Occasionally you can find companies that will provide initial burial coverage to seniors over 80.

As a reminder, coverage never expires; this section addresses the initial age upon policy application.

7. Can I Purchase a Final Expense Policy for my Parents Who Live in Ohio?

You can purchase a final expense policy for a parent, grandparent, spouse, sibling, or other loved one. There are specific requirements that need to be met throughout the process. The proposed insured needs to be involved in obtaining life insurance coverage.

8. Is There Funeral Assistance for Low-Income Families in Ohio?

Help with funeral costs varies by county in Ohio as there is no state assistance program. Instead, each township or municipality is responsible for paying for the cremation or burial of indigent persons.

9. How Do You Buy Ohio Final Expense Insurance?

There are many options for purchasing Ohio final expense insurance coverage. Seniors can work with a provider directly or with a life insurance agency.

Directly with Provider: Working directly with the insurance company may seem the best option. However, this dramatically limits the final expense policies available to you.

Insurance Agency: Most insurance agencies represent several life insurance companies, giving customers many more options. Having more choices allows the agent to compare pricing, underwriting, and policy structure on behalf of the customers to determine which is best.

What Is The Best Burial Insurance In Ohio?

The best company for final expense insurance is different for everyone and depends on their health. However, there are three main things that applicants need to look for before getting a policy.

Cost: Make sure that you will be able to afford the monthly premiums for the foreseeable future. The price will never increase, but your other expenses might. The policy will only stay in force if you pay the premiums.

Company:  Apply with a company that has a high financial rating. Third-party organizations review insurance companies to verify their financial strength. Work with an insurance provider that has a B+ or better rating.

Coverage: Getting coverage that begins as soon as possible is essential. If you cannot qualify for a policy with immediate coverage, never agree to a waiting period lasting more than two years. Even with very poor health, two years is the maximum time someone should wait.

Ohio Burial Expenses & Statistics

Average funeral costs can range over a wide variety of price points. Funeral expenses depend on selecting a casket or urn, type of service, funeral homes, and more.

While most burials are done in established cemeteries, home burials are allowed in Ohio. However, you should confirm with local zoning ordinances prior. For future knowledge of the property, burial on private property should be recorded and filed with the deed.

What is the Average Cost of a Funeral in Ohio?

The average traditional burial service in Ohio is $7,049, and the average cremation is $5,777. These price estimates do not include a headstone, grave marker, cemetery plot, or columbarium. Funeral charges vary by the funeral home, so calling around to price-check could save a lot of money.

Location Burial Cremation
State Average

Cremation in Ohio

According to the National Funeral Directors Association, in 2020, the Ohio cremation rate was 51%, with an estimated 66.7% by 2030.

Unlike other states, Ohio has no laws that dictate where you can scatter or store ashes. However, you should keep in mind the federal regulations regarding scattering ashes by air, at sea, or on federal land.

Ohio Lifespan Statistics

The average age of death in the state of Ohio is 76.9. Unfortunately, this is younger than the national average of 78.8.

Causes of Death in Ohio

Listed below are the top ten leading causes of death in Ohio, according to the CDC.

  1. Heart Disease
  2. Cancer
  3. Covid-19
  4. Accidents
  5. Stroke
  6. Chronic Lower Respiratory Disease
  7. Alzheimer’s Disease
  8. Diabetes
  9. Kidney Disease
  10. Septicemia

Final Thoughts About Ohio Final Expense Insurance

a. Ohio funeral insurance can be an affordable and excellent option for you and your family. There are many different plans, but applying for a policy with immediate coverage is best.

b. Always speak with an agent with access to multiple companies when looking for final expense coverage. Every carrier and plan will accept different health conditions; you need an expert who understands the various policies to assist you best.

c. With the cost of funeral insurance increasing the older you get, it is in your best interest to lock in a policy sooner rather than later.