Arkansas Final Expense Life Insurance: Secure Your Future

Arkansas final expense life insurance

As you age, it’s important to think about your financial future and the security of your loved ones. Arkansas final expense life insurance is an affordable way for seniors over 50 to ensure that their funeral costs are taken care of when they pass away.

With this type of policy, you can make sure your loved ones won’t be hit with out-of-pocket costs for a funeral in Arkansas.

In this blog post, we’ll cover all aspects of final expense coverage, from understanding what exactly final expense insurance is to the cost involved with funerals in Arkansas.

We will also cover burial laws and sample rates for male and female applicants within the state.

Finally, you will learn each step required when purchasing Arkansas final expense life insurance – so that you have peace of mind knowing everything will be taken care off after death.

Table of Contents

  1. What is Final Expense Insurance?
  2. Funeral Costs in Arkansas
  3. Burial Laws in Arkansas
  4. Sample Rates for Male and Female in Arkansas
  5. Steps to Buy a Final Expense Policy
  6. Frequently Asked Questions
    1. Does life insurance cover final expenses?
    2. What is the average cost of final expense insurance?
    3. What is the best final expense insurance company?
  7. Next Steps

What is Final Expense Insurance?

Final expense insurance is a type of life insurance policy designed to cover the costs associated with end-of-life expenses such as funeral and burial costs.

Also referred to as burial insurance, it is typically purchased by seniors over the age of 50 who want to ensure that their loved ones are not burdened with these costs after they pass away.

When considering final expense insurance, it is important to understand both what it covers and how it works so you can make an informed decision about whether or not this type of policy is right for you and your family members living in Arkansas.

Final expense (burial) policies are almost always a form of permanent life insurance, or whole life insurance. With a whole life policy, you do not need to worry about outliving the life of your policy, as long as you make your premium payments.

Permanent coverage is ideal for final expense insurance because it is intended to help loved ones pay for costs associated with someone passing away.

Typically paid as a tax-free lump sum to beneficiaries, final expense policies help cover:

With final expense coverage in place, you can rest assured knowing that your loved ones will not have any additional financial stress during an already difficult time following your passing away.

It can provide peace of mind for seniors and their families in Arkansas. Now let’s look at the funeral costs that may be covered by final expense insurance in Arkansas.

Key Takeaway: Final expense insurance can provide peace of mind for Arkansas seniors and their families by covering the costs associated with end-of-life expenses such as funeral and burial costs.

Funeral Costs in Arkansas

The price of a funeral in Arkansas can vary greatly depending on the services chosen and location.

However, the average cost of a traditional funeral in Arkansas is around $7,000 – $8,000. This includes basic services such as:

  • Embalming or cremation.
  • Viewing or visitation arrangements.
  • Casket or urn selection.
  • Transportation of the body.
  • Memorial service fees.
  • Flowers and obituary.

The cost for these services can be further broken down into three categories:

  1. Professional service fees.
  2. Casket and vault prices.
  3. Cash advance items.

Professional Service Fees

Professional service fees are those charged by funeral directors for their time and expertise in planning and carrying out a funeral ceremony. They typically range from $2,000 to $3,500.

Casket and Vault Prices

Casket and vault prices cover the purchase of a casket or vault (if desired), which may range from several hundred dollars up to several thousand dollars depending on materials used.

This expense is usually paid directly to the funeral home at the time of purchase.

Cash Advance Items

Cash advance items include any additional expenses related to flowers, obituaries notices or other miscellaneous charges that may arise during arrangements.

These are typically billed separately by third-party vendors, but will still need to be paid before final arrangements can be made with the funeral home.

Other Costs

In addition to these costs, there may also be additional expenses associated with burial plots or mausoleum spaces, if interment is desired instead of cremation.

These could add an extra few thousand dollars onto your total bill, so it’s important to consider all options when making decisions about how you would like your loved one laid to rest.

Don’t forget about any end-of-life medical bills that must still be taken care of even after death has occurred, as well as any outstanding debts that may have been left behind by your deceased family member.

All outstanding debts should factor into your overall budget when considering what type of service you would like them remembered by.

It is important to remember that burial insurance for seniors covers expensive funeral prices, and helps to provide peace of mind knowing that your family will not be left with this financial burden when you’re gone.

Key Takeaway: Funeral costs in Arkansas typically range from $7,000 to $8,000 and include professional service fees, casket or vault prices, cash advance items, burial plots or mausoleum spaces.

Burial Laws in Arkansas

Burial laws in Arkansas are designed to protect the rights of those who wish to bury their loved ones.

Timeframe Requirements

The most important law states that all burials must take place within a certain timeframe after death, unless otherwise specified by a medical examiner or coroner due to extenuating circumstances surrounding the death itself.

Specifically in Arkansas, a body must be either buried, embalmed, or refrigerated within 24 hours of death, unless a cremation is planned.


Other laws include requirements for proper permits and paperwork before any burial can take place, as well as restrictions on where bodies may be buried (e.g. burying on private property).

Additionally, some counties may require special permits for burials on private property. You should also check with your county clerk’s office about any additional restrictions that may apply in your area.

Burial Plot or Casket

In general, there is no law that requires a specific burial plot or casket for a deceased person’s final resting place. However, if you choose to purchase one, it must meet all local regulations and zoning laws before it can be used.

When purchasing a burial plot or casket in Arkansas, you should make sure that the cemetery has been approved by the state health department and meets all applicable zoning requirements.

Other Factors

In addition to meeting these legal requirements, families must also consider other factors when selecting a burial site such as location and cost.

Some people prefer to have their loved one buried close to home while others opt for more distant locations due to personal preference or financial constraints.

It is important to research different options carefully so that you can find an appropriate spot for your loved one’s final resting place at an affordable price point.

To recap, Arkansas has various laws in place to protect the rights of those who have passed away and their families.

Related – plan ahead so loved ones are not stuck searching for free places for burials.

Knowing these laws can help ensure that you make an informed decision when it comes to selecting a burial insurance policy. Now let’s take a look at some sample rates for male and female seniors in Arkansas.

Key Takeaway: When planning for a burial in Arkansas, families must consider legal requirements, location and cost. Additionally, final expense life insurance policies are available to help cover funeral costs without impacting existing savings or retirement funds.

Sample Rates for Male and Female in Arkansas

Final expense life insurance can be purchased by individuals who are 50 – 85 years old (sometimes older) in Arkansas, regardless of their health history or lifestyle choices.

Also referred to as burial insurance for seniors, this form of coverage is designed for the older population as a hedge against the cost of end-of-life expenses.

Rates vary based on:

  • Age
  • Gender
  • Health status
  • Coverage amount


For males aged 50 – 80, sample rates for final expense insurance start at about $20 per month for a modest $10,000 burial policy.

For females aged 50 – 80 years old, sample rates are slightly lower, staring at $15 per month.

These premiums vary greatly depending on the individual’s age and other factors such as pre-existing medical conditions or smoking habits.

Let consider a couple of specific examples. A healthy 60 year old male who lives in Arkansas can expect to pay somewhere around $45 per month for a $15,000 policy.

And, a healthy 60 year old Arkansas female will pay about $35 per month for the same amount of coverage.


Females, on average, pay less for burial insurance than males.

Why? Statistically-speaking, females have a longer lifespan than males and pose less risk to burial insurance companies.


Your health plays an important factor in the cost of burial insurance.

While underwriting for this form of life insurance coverage is lenient and never involves a physical exam, you will be asked basic health questions.

If you have been diagnosed with a common medical condition, such as uncontrolled diabetes, you may be charged more for coverage.

Additionally, you need to be aware that if you are experiencing substantial health complications, such as COPD or a terminal illness, you may not qualify for traditional burial insurance. Look to a guaranteed issue life insurance plan for your coverage needs.

Coverage Amount

Also called face amount, size of your policy unsurprisingly affects your premium rates.

Ideally, you will want to purchase a policy that fits within your budget and covers all of your end-of-life expenses.

Many seniors in Arkansas opt for the following burial insurance face amounts:

Key Takeaway

Having this type of coverage can help ensure that their last wishes are honored and taken care of without any additional stress or worry for those left behind.

By comparing the sample rates for male and female in Arkansas, you can find a policy that fits your budget. Now let’s look at the steps to buy a final expense policy.

Final expense insurance in Arkansas can provide peace of mind for individuals aged 50 – 85 (sometimes older), as it covers the costs associated with funeral expenses. Sample rates range from $15 to hundreds of dollars per month depending on age and other factors.

Steps to Buy a Final Expense Policy

Purchasing a final expense policy is relatively simple and straightforward.

First and foremost, partner up with an independent agent who specializes in final expense life insurance.

Step One: Determine Coverage Needs

The first step is to determine how much coverage you need based on your estimated end-of-life expenses.

This includes cremation and funeral costs, burial fees, medical bills, and other related expenses.

It’s important to get an accurate estimate of these costs before selecting a policy so that you don’t purchase too little or too much coverage.

Step Two: Compare Quotes

Once you have determined the amount of coverage needed, it’s time to compare quotes from different insurers until you find one that fits your budget and needs best.

Age and health will be two primary factors affecting quotes.

For example, compare rates for different ages:

Be sure to read through the fine print carefully as policies can vary greatly in terms of cost and benefits offered.

Step Three: Consider Adding Riders

Consider adding riders or additional coverages if desired at this stage, which can help customize the plan further according to individual needs – while keeping within budget constraints.

Common available riders through a burial policy include an accelerated death benefit and an accidental death benefit.

Step Four: Fill Out Application

When ready to buy a policy, fill out an application form with all necessary information such as name, address, date of birth, Social Security number.

Plan to provide any required documentation, such as health history information, and submit payment for the premium, if applicable.

Be ready to communicate contact information for your beneficiary.

Step Five: Premium Payment and Policy Approval

Once approved by the insurer, your policy will be issued and sent directly to you. or your designated beneficiary(ies).

It’s also important to keep track of when payments are due for premiums since failure to make timely payments may result in cancellation or lapse of coverage without notice, depending on state regulations regarding insurance contracts.

Finally, once everything has been taken care of, review all documents thoroughly prior to signing them off so that there are no surprises later on.

Store your policy in a safe place and don’t forget where it is. Be sure to let your beneficiaries know where your policy is kept so that the contract is easily accessed when it comes time to file a life insurance death claim.

Key Takeaway: When shopping for Arkansas final expense life insurance, work with an expert agent and be sure to compare quotes from different insurers and read the fine print carefully.

FAQs in Relation to Arkansas Final Expense Life Insurance

Does life insurance cover final expenses?

Yes, life insurance can cover final expenses.

Called final expense or burial insurance, this specific form of life insurance is designed to cover your funeral, final medical bills and other related expenses.

Additionally, some policies may have riders that allow you to access the death benefit while still living should you be diagnosed with a terminal illness.

It is important to speak with an experienced agent who can help you determine which type of policy best meets your needs and budget.

What is the average cost of final expense insurance?

The average cost of burial insurance varies greatly depending on the type of policy and coverage selected.

Generally, policy coverage amounts range from $2,000 to $50,000 in death benefit amounts and premiums can range from a few hundred dollars up to several thousand dollars per year.

The age of the insured person is also a factor in determining premium costs as older individuals may pay higher rates than younger people.

Additionally, any health issues or lifestyle habits that could affect life expectancy will also influence the cost of final expense insurance.

What is the best final expense insurance company?

The best final expense insurance company for seniors living in Arkansas depends on needs and circumstances.

For example, some companies focus on burial insurance for the elderly, while other companies are geared to offer coverage to seniors who use tobacco.

These top-rated carriers offer competitive rates and a wide range of coverage options:

  1. American Amicable
  2. SBLI
  3. Mutual of Omaha
  4. CICA
  5. Corebridge
  6. Guarantee Trust Life

In addition, if your serious health problems prevent you from qualifying for coverage, look to companies that offer guaranteed issue life insurance plans with no health questions required.

Look for top-notch customer service with personalized attention to each policyholder.

Plus, it is ideal for a carrier to have an A+ rating from the Better Business Bureau and are highly reviewed by A.M. Best.

The best final expense life insurance companies have an excellent reputation and long history in the industry, so you can trust that your policy will be handled professionally and efficiently.

Next Steps

Final expense insurance is an important financial product for seniors over the age of 50 in Arkansas.

It can help cover funeral costs and burial expenses while providing peace of mind to those who purchase it.

Knowing the cost of a funeral in Arkansas, understanding burial laws in the state, researching sample rates for male and female policyholders, and following steps to buy a final expense policy are all key components when considering Arkansas final expense life insurance.

Taking these factors into consideration will ensure that you make an informed decision about your future financial security.

Seniors, it’s time to take control of your future and protect yourself with Arkansas final expense life insurance.

With this product, you can rest assured that you will have the financial protection needed in case something unexpected happens.

Let iSeniorBenefits help provide peace of mind for your family by helping secure a policy that meets all of your needs today.