If you live nationwide, you've probably heard a neighbor mention "final expense" or "burial" insurance. The questions we hear most often: how much do I really need, and what does it actually cost in 2026?
For most retirees, the answer falls between $10,000 and $15,000. Here's how to think about it.
Start with a realistic funeral cost
In the United States, a traditional burial averages between $9,000 and $12,000. Cremation with a service runs $4,000 to $7,000, and a direct cremation can be done for $1,500 to $3,500.
The goal isn't to buy the largest possible policy — it's to make sure your family never opens a credit card to bury you.
Add the small bills nobody plans for
Beyond the funeral itself, families often face $1,500–$5,000 in final medical bills, credit card balances, and miscellaneous costs.
Subtract anything already set aside
If you already have a small life insurance policy, prepaid plot, or set-aside savings, subtract that from your target. Most clients still land in the $10,000–$15,000 range.
What about monthly cost?
For a 65-year-old non-smoker nationwide, $10,000 of coverage typically runs $35–$60 per month. At 75, expect $70–$110. Premiums are locked at the rate issued and never increase.
Bottom line for residents
Pick a coverage amount that fully covers a funeral plus a small buffer for final bills, and lock in your rate while you're healthy.