South Carolina Burial Insurance: 11 Answers To FAQs

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.

Read Full Bio>>

Some of the products featured on this page may be from our partners who compensate us. This might influence which insurance products we review, write about, and the companies placement on the page. 

However, Policy has a core mission to demand transparency from the insurance industry, and we expect our readers to demand the same from us.

This is why we disclose the following:

How we Make Money>> 

Our Partners>>

Editorial Guidelines>> 

In the Palmetto State, there is a lot to be thankful for. From Myrtle Beach down to Hilton Head Island, to beautiful Ceasers Head State Park, and everywhere in between. South Carolinians have one of the country’s most diverse sceneries and gorgeous states.

Typically the item that is not discussed or thought about is funeral expenses, which leaves a significant unexpected cost for family members and loved ones.

Fortunately, this is where final expense insurance for seniors can be an extremely financially responsible way to pay for these inevitable costs.

11 Answers To South Carolina Burial Insurance FAQs

1. What is a South Carolina Final Expense Life Insurance Policy?

Final expense coverage is a type of whole life insurance and is also referred to as burial insurance and funeral insurance. This additional terminology is used for marketing and to explain the intent of the coverage.

Every whole life insurance product offers the following three benefits, which are required to be considered a whole life plan.

Coverage Lock: The amount of coverage never decreases. The amount initially taken out is the death benefit that the beneficiary will receive. Whole life insurance never expires and lasts for the insured’s entire life.

Price Lock: The cost of the premiums will never increase or fluctuate. This is a valuable budgeting tool for many senior citizens in SC.

Builds Cash Value: Over time, the policy will accumulate a cash value and allow you to borrow from it if desired.

2. What Makes Final Expense Insurance a Good Idea for South Carolina Seniors?

When looking at insurance to cover funeral costs specifically, the most significant difference in how final expense works compared to the traditional plans is accessibility and affordability.

Low-Cost Coverage: Final Expense Insurance plans have a much smaller face amount allowing for a much more reasonable monthly premium payment.

No Medical Exam: Funeral insurance policies undergo a simplified underwriting process, meaning you will never be asked to get a medical exam. The application can be submitted and approved without leaving your home.

3. How Much Does a Burial Policy Cost in South Carolina?

The average cost of burial insurance for South Carolina residents is between $23 – $220 for females and $27 – $312 for males. Several factors play into the quotes listed, but the main thing is health. The healthier the applicant is, the less expensive the policy will be.

Personalized quotes are available by using the quote machine on this page.

4. How are Prices for South Carolina Funeral Insurance Calculated?

Several things decide the price that someone will pay for final expense coverage. First, understand that each life insurance company sets its own underwriting guidelines and prices. Because of this, quotes can greatly vary from one carrier to the next.

Health: The applicant’s health status will determine which policies they can qualify for. The healthier someone is, the more coverage options they will have. Health will also determine if there will be a waiting period or if you can get immediate protection.

Age: The older an applicant is, the more they will pay. Remember, the price never increases once the insurance policy has been secured, but the longer you wait to get coverage, the higher the price.

Gender: As you can see in the chart above, men pay more for life insurance premiums than women.

Policy Amount: The higher the death benefit, the more you will pay. Since the available coverage amounts are lower, the cost is low compared to other insurance policies.

5. What Can the Death Benefit be Used For?

There are no regulations on what the beneficiary can or cannot spend the death benefit on. However, there is a standard set of items that most beneficiaries use the money for.

  • Cremation
  • Memorial/Celebration of Life
  • Credit Card Debt
  • Charity Donations
  • Remaining Balance on a Mortgage
  • Remaining Car Loan Balances
  • Leaving an Inheritance
  • Medical Bills
  • Legal Expenses
  • Post-Mortem Expenses
  • Other Final Expenses

6. When Will I Be Too Old To Qualify for a New Policy?

Many insurance providers stop providing initial coverage to applicants at 80. However, a few select carriers will allow initial coverage until age 89 or 90.

7. What Burial Insurance Plans are Available in South Carolina?

There are four types of plans. Applicants must medically qualify by answering health questions for three of the four plan types. Not all companies offer all kinds of policies, and the qualifying criteria are different for each plan and each company. Work with a specialized agent to determine which plan is best for you.

Level: Healthy seniors, lowest-cost coverage, no waiting period

Graded: Seniors in average health, increased cost, a 2+ year waiting period

Modified: More health concerns, higher cost, a 2+ year waiting period

Guaranteed Issue: High-risk health concerns, higher price, a 2+ year waiting period

8. How Does a Waiting Period Work in SC?

A waiting period is a restriction that the carrier places on high-risk individuals. Waiting periods are a minimum of two years, but each insurance policy differs.

If the insured were to pass away during the waiting period, the beneficiary would receive a predetermined portion of the total coverage. If death occurs after the waiting period has ended, the full death benefit is available to the beneficiary.

Most seniors in South Carolina can qualify for funeral insurance with no waiting period.

9. What is the SC State Regulated Final Expense Program I Got in the Mail?

All life insurance is regulated by the state in which it is sold. Many seniors receive a mailer that is a play on words and slick marketing phrases to entice people to reply. These mailers are sent by life insurance agents looking for sales.

The products they offer are likely legitimate. However, they often show up at your door in an attempt to have you purchase coverage from them. Deception is not a great way to start a relationship.

10. Does South Carolina Provide Burial Assistance for its Citizens?

There is no state assistance with funeral costs in South Carolina. However, certain counties and other organizations provide help to residents.

Social Security will pay a maximum of $255 for your final expenses for seniors who qualify.

11. How Do I Get a Quote for South Carolina Burial Insurance?

The fastest and easiest way to get a quote estimate is to use our instant quote tool on this page. To find out which funeral insurance policy you qualify for, select “apply”.

What Is The Best Burial Insurance In SC?

Many top life insurance companies operate in South Carolina. Some are outstanding, and others are less than impressive. It is essential that you look into the policies offered before applying.

The best final expense insurance plan for you is most likely not the best plan for your friend or neighbor. You should look at three things before applying for a funeral insurance policy.

Provider: Make sure that the life insurance company you are applying with has an excellent financial rating. Third-party organizations review these companies and assess a score based on their ability to meet ongoing policy and contract obligations (i.e., paying out your policy when due).

Coverage: Whenever possible, get life insurance coverage that begins immediately. A waiting period is inevitable with certain health conditions, but check all possibilities before proceeding with coverage you have to wait for. Never accept a plan restriction longer than two years.

Price: Having monthly premiums that you can afford may sound like a no-brainer, but keep in mind that you will be paying this amount for the foreseeable future. The cost of final expense coverage will never change, but your income might.

SC Funeral Statistics & Average Costs

South Carolina does not require a funeral director for final disposition. If your heirs choose not to use a funeral director, they must file the death certificate themselves with the assistance of the doctor, coroner, or medical examiner. This can all be done electronically through SC’s death registration system.

Federal and state laws do not require a casket for burial. However, many cemeteries have standards for an outer burial container. South Carolina law requires the top of the burial container to be a minimum of ten inches below ground.

How Much is the Average Funeral Cost in South Carolina?

Funeral expenses can range over various price points depending on the type of service you want, the specific items you choose, and your location. The average traditional burial service in South Carolina is $7,624, and the average cremation cost is $6,212.

The chart below shows pricing in various cities throughout SC. The cost of a headstone, cemetery plot or columbarium is not included in the prices shown.

Location Burial Cremation
Hilton Head Island
Myrtle Beach
Rock Hill
State Average

South Carolina Cremations Rules & Preferences

SC has no state laws governing where cremated ashes can be stored or scattered. Residents of South Carolina chose to be cremated just under 50% of the time in 2020, with an estimated growth in 2030 to over 70%.

Unlike many other states, South Carolina has no regulations on when you must dispose of remains.

Lifespan Statistics & Causes of Death in SC

The average age of death in the state of South Carolina is 76.8. Unfortunately, this is a shorter life span than the national average of 78.8

Listed below are the top 10 leading causes of death in the state, according to the CDC.

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

Everyone from South Carolina knows a loved one or friend who has been negatively affected by one of these medical conditions. Take the steps today to secure the funds for your funeral expenses, so your family does not face this burden.

Final Thoughts

a. South Carolina final expense insurance is affordable and easy to qualify for regardless of health status.

b. The best funeral insurance plan for you is likely different than the best plan for someone else due to the varying underwriting requirements.

c. Work with a specialized agent with access to many different whole life insurance companies and plans. No one-size-fits-all policy exists, so you must find a plan that best fits your needs.