See Actual Pricing: Sample Insurance Rates For 50 Year Olds

See Actual Pricing: Sample Insurance Rates For 50 Year Olds

Do you want to find the most affordable burial insurance for someone age 50?  We've compiled a list of rates for 50 year olds from the most competitively priced companies on the market.

We've also included a quotes and how to find the best plan.


What Is Final Expense Life Insurance Exactly?

Insurance Agent

Final Expense insurance aka burial or funeral insurance is a whole life insurance policy with a smaller death benefit, and is easier for you to get approved for, than traditional whole life insurance.

The policies pay out the benefit money to your beneficiary typically within 48 hours which makes them ideal for funeral, burial, cremation, and end of life expenses.

The price of the policies are locked-in for life and never increase, the benefit money will always be there as long as the premiums are paid, and you can never be dropped due to health conditions.

They're also 'Simplified Issue' meaning you don't have to undergo a medical or physical exam to be approved for the policy.

Sample Rates for Age 50

Couple Age 50

Over the years, we've seen our share of people run out and buy the first insurance policy they see on TV.  Do you think these are the companies with the lowest rates? Nope, they never are.  

The reason is that these companies spend HUGE amounts of money on prime-time commercials, and what most people don't realize is somebody has to pay for the large marketing budget, and you can be sure the cost is passed along to the consumer.

The companies that spend a lot on TV marketing oftentimes have the HIGHEST rates on the market. In fact, the companies with the lowest rates don't advertise at all and are able to pass the savings on to their customers.

The best way to find the lowest rates is to use an insurance agency, like AffinityQuotes, that has access to multiple carriers that don't spend a ton on marketing. 


If you're age 50 with little to no health conditions, then your best option is to go with the company that will offer you the lowest rate.

Here's why we say that; if the company is reputable and has a strong financial track record, then it's apples to apples when it comes to final expense life insurance companies. 

If you go with a company that's reputable, and has the lowest rate, you'll receive the same benefits as the company you saw on TV.

We would have a different suggestion if you were looking for traditional whole life insurance because those policies sometimes offer additional benefits, such as a wellness program, but final expense plans don't offer these programs. 

The easiest way to learn if a company is financially stable? Check the company's credit worthiness on A.M. Best Ratings.

Real Sample Rates for 50 Year Olds

We've listed actual monthly rates below, but please keep the following points in mind: 

  • We can't guarantee you'll be approved for these prices since all applicants are subject to underwriting approval.

  • All residents of Montana pay the same price regardless of gender, so 'Male' rates are applicable for all.

  • Nicotine or tobacco usage other than cigarettes may qualify for non-tobacco rates. See our article on carriers that don't charge for tobacco usage here.

Monthly Burial Insurance Rates - Non-Smoker

Monthly Burial Insurance Rates - Smoker

Rates Summary

You probably noticed that women pay less than men for both smoker and non-smoker rates.  This is simply because women tend to live longer than men in the U.S.  It's helpful for people to understand all pricing for insurance is based off our expected mortality rates. The lower our life expectancy is, the higher the insurance pricing will be.  

You also probably noticed we didn't list company names with these prices. This is because they all come from different carriers as there's not one single company that offers the lowest prices.​

The company that offers you the best rate for $10K in coverage may not be the one that offers the best rate for $30K.

And since all carriers don't conduct business in every state, the lowest rate in one state may not be the lowest in another. 

That's why it's beneficial to use a brokerage agency, like AffinityQuotes, that can help you find the best priced policy

based on your age, health and the benefit amount you want.

A Valuable Benefit of Funeral Insurance You Didn't Know Existed

Nurse And Patient

Do you think Final Expense policies are only valuable for people AFTER they pass away? Guess again! Most Final Expense policies also come with Living Benefits.

A living benefit, also called an 'Accelerated Death Benefit' is a Rider on your insurance policy that allows you to withdraw your benefit money early in situations where a medical condition of 'Critical', 'Chronic' or 'Terminal' Illness has been diagnosed.

A example of when this benefit could be used would be a diagnosis of cancer.  According to the ACS, an estimated 1.8 million new cases of cancer are diagnosed yearly in the U.S. and with some patients facing out-of-pocket costs of nearly $12,000 a year for one drug.

An Accelerated Death Benefit would allow a person to withdraw 50% - 100% of their benefit, depending on the carrier, to be used for cancer medication, treatments, or hospital bills.

The money can also be used to simply help pay personal expenses long as a qualifying diagnosis has been made.

An *Accelerated Death Benefit Rider is typically offered free-of-charge on most Final Expense policies, and every insurance carrier has different criteria for qualifying illnesses. Be sure to ask your agent which illnesses qualify and how much of the benefit amount can be withdrawn.    

The amount you withdraw will be deducted from the total benefit, so, for example, if your benefit amount is $30,000 and you withdraw $15,000, there would be $15,000 left available.

*An Accelerated Death Benefit should not be confused with Long Term Health Care Insurance.

"All pricing for life insurance is developed from our age and our health. The earlier you get life insurance, the cheaper your rate will be." 

Simple Steps to Find The Cheapest Burial Policies at Age 50

Running Up the Stairs

If you're concerned about not having burial insurance at age 50, don't worry, you still have time to get a great low rate.

The first thing is to decide on the benefit dollar amount that you want. Currently, burial costs can range from $7K - $15K. 

However, according to the CDC, the average life expectancy for U.S. citizens is 78.7 years, so in 30 - 40 years from now the costs of funerals will be much higher due to inflation.

We've put together a forecast below letting you know approximately how much money you'll need for a funeral in future years.

The second thing to do is find an independent insurance brokerage, like AffinityQuotes, that can shop multiple Insurance companies to get you the lowest rate.&

We're an independent agency representing many different carriers, and the best part about working with us is we're not obligated to any one company which gives us the freedom to shop the best deal for you. And it won't cost you a penny because insurance companies compensate us for bringing them clients.

How Much Burial Insurance Should You Purchase? Here's a Forecast

Burial Cost Forecast

Right now, funeral costs range from a medium cost of $7,640 to $15,000 on the high end. So, how much burial insurance should someone at age 50 buy now to account for future inflation?

According to the U.S. Bureau of Labor Statistics, between the years 2001 and 2021 funeral expenses experienced an average inflation rate of 2.93% per year.  Using this formula over the next decades, the table below forecasts funeral expenses in the future.

No one really knows the exact costs of future funerals, but expectations can be made using past statistical data.


In 30 years, a person age 50 now will be 80, and a medium cost for a funeral could be $14,355 and could be as high as $18,715. 

In 40 years, when 90, a medium cost for a funeral will be $16,817 and could be as high as $21,177 or higher.

Since pricing for life insurance depends on your current age, it's best to get insurance as young as possible to lock in a low rate, and make sure your benefit amount accounts for inflation.

To get a better idea of how much burial insurance is right for you, use this life expectancy calculator that will show you the average number of additional years a person can expect to live, based on your gender and date of birth.

How Can AffinityQuotes Assist You?

If you're looking for a life insurance policy, we will help determine if you need a Level, Graded, or Guaranteed Issue policy and then find the BEST insurance carrier for you.

Here’s why we believe that…

We're an independent agency representing many different insurance carriers. We're not obligated to any one carrier which gives us the freedom to shop the best deal for YOU.

AffinityQuotes shops dozens of insurance carriers to find the one that will accept you based on your specific needs.

Call 855-400-7766 to see what a licensed AQ agent can do for you.

We'll happily answer your questions for you at no-cost.