Why You Should NOT Buy State Farm Burial Insurance For Seniors

Written by Kim Wilhelm

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Last Updated 14 Jun 2024

State Farm is one of the most recognized names in the insurance industry. In business for over 100 years, this insurer offers a wide range of insurance products, including life insurance.

Seniors often look to final expense life insurance to fill the small need for funeral costs and end-of-life expenses.

If you don’t already have life insurance, final expense insurance probably makes the most sense to get at your age.

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That depends on your and . Here’s what you need to know about State Farm’s senior life insurance option and how it stacks up against its competitors.

But is State Farm the best option available?

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State Farm Final Expense Insurance

State Farm offers a $10,000 final expense insurance policy in all states except for Massachusetts. In New York, the policy is called $10,000 Whole Life. This policy is a whole life insurance policy, which is permanent coverage meant to last the rest of your life.

Features of final expense insurance with State Farm and other life insurance companies include:

  • Payments that never increase
  • Coverage that never decreases
  • Cash value you can access while you’re still alive

You can choose anyone as your beneficiary, or the person who gets the life insurance proceeds when you die. You can even choose more than one person as the beneficiary. Some seniors will give equal parts to their children or grandchildren, for instance.

State Farm Burial Insurance

Though the death benefit can be used for any reason by the beneficiary, most final expense policies are used for the funeral and burial. That’s why this policy is often called burial insurance.

If you want to buy final expense insurance to pay for your burial, you’re in the right place. Though State Farm life insurance may be the right fit for some, they aren’t always the best option because you have to qualify for State Farm final expense burial insurance.

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State Farm Life Insurance For Seniors

State Farm’s life insurance for seniors policy is a simplified issue whole life policy. Even though you don’t have to take a medical exam, you will have to answer some health questions to be approved. If you answer yes to any of these questions, you’ll probably be denied coverage.

Before you apply with State Farm, you should know the pre-existing conditions they could disqualify you for.

state farm final expense insurance

State Farm Senior Life Insurance

Here are the senior life insurance questions State Farm’s final expense policy application asks:

Have you ever been declined for a State Farm life product or rated, if approved?

Answer yes if you are currently any of the following:

  • Bedridden in your home
  • A home health care recipient
  • Using a wheelchair
  • Using oxygen
  • Hospitalized or confined to a nursing home
  • Need help to complete any activities of daily living - bathing, dressing, eating, toileting, transferring, or walking

Have you diagnosed, medicated, or treated for any of the following the last 3 years:

Have you ever been diagnosed, medicated, or treated for any of the following:

  • AIDS or HIV
  • ALS (Lou Gehrig’s disease)
  • Alzheimer’s or dementia
  • Amputation caused by disease
  • Cirrhosis
  • Dialysis
  • Heart defibrillator or pacemaker
  • Hepatitis
  • Huntington’s disease
  • Multiple sclerosis
  • Muscular dystrophy
  • Organ or tissue transplant
  • Parkinson’s 

State Farm has some of the strictest underwriting guidelines for final expense insurance, which means many who apply are declined. But don’t worry, we have options available if you can’t qualify for State Farm.

State Farm Funeral Insurance

Funeral insurance is another common name for final expense insurance, because most seniors buy it so they don’t have to burden their families with the cost of their funeral. The average funeral in the U.S. costs about $8,800 and is expected to rise with inflation.

When you add on things like a nice casket, memorial service, transportation to the cemetery, a plot, and other services, the funeral costs can quickly add up to $10,000. 

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Having a final expense policy to pay for it can give you and your family peace of mind that when your time comes to go home to the good Lord, your last wishes are handled and paid for.

Though State Farm is a trustworthy and longstanding company in the life insurance industry, it’s hardly the only company you can trust. As a God fearing American who worked hard your entire life, you shouldn’t have to pay more for final expense insurance just to choose a big name like State Farm.

That’s why we got some quotes from State Farm and a few other company’s, to show you if their final expense insurance is a better fit for your budget.

State Farm Life Insurance Costs

If you buy final expense life insurance from State Farm, you only get one option, which is a $10,000 policy. To show you how rates change based on gender and age, we got quotes for a 50-year-old and 70-year-old male and female for $10,000 from State Farm and other companies.

For the 50-year-olds, State Farm would charge $28 per month for the female and $33 for the male. When gender is considered, men usually pay higher rates because they have a shorter life expectancy than women.

The rates aren’t bad, but there are a few companies that can do better. For example, the same policy with Liberty Bankers would be $26 for the female and $30 for the male. Mutual of Omaha’s rates are even better, at $24 and $29, respectively.

For the 70-year-olds, State Farm’s rates would be $72 per month for the woman and $91 for the man. Liberty would only charge $55 for the woman and $73 for the man. Baltimore Life’s rates are also cheaper, costing $66 and $84 per month, respectively. Mutual of Omaha has the cheapest rates, at $53 and $74 per month.

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Shopping for Final Expense Life Insurance Can Save You Money

As you can see, shopping around for final expense life insurance for seniors can make a big difference. When you’re a senior on a budget, every dollar saved matters.

At Final Expense Direct, we work with some of the best final expense companies like Liberty, Baltimore Life, and Mutual of Omaha. We have over 35 years of experience working with seniors life yourself, and we only work with final expense life insurance.

Our goal is to get you covered in just one phone call. And if you can’t qualify for these policies, we have companies that will offer you guaranteed acceptance and up to $25,000 in coverage. With these policies, there are no health questions to answer. You just apply and make a payment, and you’re covered.

  • Immediate Approval Over the Phone Today!
  • Speak to a Live Agent 
  • Just a Few Health Questions 


Though State Farm has a long history in the life insurance industry, they’re not always the best fit for your budget.

Most final expense senior life insurance policies are the same, so why pay more if you don’t have to?

When you work with an independent agency like Final Expense Direct, we do all the shopping for you.

Our agents can find the best final expense life policy for your age, health, gender, and budget in just one phone call.

Let us provide you peace of mind so you can get back to spending your golden years how you want, knowing you're covered when the inevitable happens.


  • Get quotes FAST
  • More affordable than you think
  • Compare quotes from top companies
  • Know what you qualify for before you buy!
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