Burial Insurance Market By Coverage (Level Death Benefit, Modified or Graded Death Benefit, and Guaranteed Acceptance) and End User Age (Over 50, Over 60, Over 70, and Over 80): Global Opportunity Analysis and Industry Forecast, 2020–2027

Pages: NA
Sep 2020 | 81 Views
Author(s) : NA
Tables: NA
Charts: NA


Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Burial Insurance Market

Request Now !

Burial Insurance Market Outlook – 2027 

The global burial insurance market is experiencing a considerable growth, and is expected to grow as funeral costs continue to rise since many years. Burial insurance is a form of insurance meant to cover the expenses after a person passes away, including funeral expenses. Moreover, the main objective of burial Insurance is to cover expenses associated with remembrance, burial, or funeral service and is provided in sums with flexible options for set budget. Beneficiaries are also entitled to assign the money to pay for deceased's unpaid bills, mortgage, and other costs.


The global burial insurance market is segmented on the basis of coverage, end user age, and region. Based on coverage, the market is divided into level death benefit, modified or graded death benefit, and guaranteed acceptance. In terms of end user age, the market is categorized into over 50, over 60, over 70, and over 80. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).

Key players operating in the global burial insurance industry include AARP, Gerber Life Insurance Company, Foresters Financial Services Inc., Mutual of Omaha Insurance Company, Globe Life and Accident Insurance Company, Colonial Penn, The American Automobile Association Inc., and Fidelity Life Association. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global burial insurance market. 

Top Impacting Factors

Willingness of old age people to help provide funds to their family, so that they could to pay for funeral cost or save family from final debts. However, rise in competition, evolution in policy regulations, and low awareness toward burial insurance are some factors that hinder the burial insurance market growth. 

On the contrary, funeral and burial expenses are expected to rise and recent COVID-19 crisis has promoted the importance of burial insurance benefits. Such factors are expected to provide lucrative
opportunities for the market growth.

Surge in Demand From Direct Cremation Against Traditional Funeral Services

SunLife Insurance estimated that 44% of people who had recently arranged a funeral were unaware of a direct cremation option, which seems to be the cheapest form available under burial insurance policy. Moreover, it has been projected that only 19% of insured people prefer direct cremation benefit coverages provided under burial insurance policy. 

Rise in Funeral Costs

In the UK, funeral costs rose by 9% in 2019, in comparison to 4.7% in 2017. Owing to this, it has been projected that rise in funeral costs and unfair effect of those costs on low-income clients have largely affected burial expenses in the country. Therefore, government of the UK launched a funeral fund for children to cut costs for parents over the death of their children. Such factors are expected to boost the market growth.

Key Benefits of the Report

  • This study presents analytical depiction of the global burial insurance market size along with the current trends and future estimations to determine the imminent investment pockets.    
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global burial insurance market share.     
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the market growth scenario.         
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.    
  • The report provides a detailed burial insurance market analysis based on the present and future competitive intensity of the market.

Market Scope and Structure Analysis

Report Metric


Market Size Available For Years


Base Year Considered


Forecast Period


Forecast Units

Value ($)

Segments Covered

Coverage, End User Age, and Region

Regions Covered

North America (U.S. and Canada), Europe (Germany, UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM) and Middle East & Africa

Companies Covered

Major players analyzed in the report include AARP, Gerber Life Insurance Company, Foresters Financial Services Inc., Mutual of Omaha Insurance Company, Globe Life and Accident Insurance Company, Colonial Penn, The American Automobile Association Inc., and Fidelity Life Association


COVID-19 Scenario Analysis

  • With a severe impact of the pandemic situation, mortality rate has tremendously increased worldwide. 
  • Owing to unimaginable deaths, burial grounds in most parts of Italy, Spain, the U.S., and China are facing shortage of rooms. 
  • The impact to life insurance companies has caused to settle numerous claims. The situation has caused an urgent requirement to purchase insurance for burial and funeral expenses. 

Burial Insurance Market Key Segments




  • Level Death Benefit
  • Modified or Graded Death Benefit
  • Guaranteed Acceptance

End User Age

  • Over 50
  • Over 60
  • Over 70
  • Over 80


Questions Answered in the Global Burial Insurance Market Research Report

  • Who are the leading market players active in the global burial insurance market?
  • What would be the detailed impact of COVID-19 on the global burial insurance market trends?
  • What current trends would influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the global burial insurance market?
  • What are the projections for the future that would help in taking further strategic steps?
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace

With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast

Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts

Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)

Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.


Start reading ,This title and over 12000 thousand more,available with Avenue Library,  T&C*

Reach out to us

Call us on
( U.S. - Canada toll free )
Int'l : +1-503-894-6022
( Europe )
+ 44-845-528-1300
Drop us an email at










Purchase Full Report of
Burial Insurance Market

  • Online Only
  • $3,456  $3,110
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Data Pack
  • $3,840  $3,456
  • Restricted to one authorized user
  • One print only
  • Available in
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Single User
  • $5,769  $5,192
  • Restricted to one authorized user
  • One print only
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Five Users
  • $6,450  $5,805
  • Limited to five authorized users
  • Print upto five copies
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Enterprise

  • $8,995  $8,096
  • Unlimited
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Library Membership
  • $ 699/mo
  • Published Content
  • Company Profiles
  • Newly Added Content Access
  • 10 PDF
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Start reading.
    This title and over 12,000+ are available on the Avenue Library.  T&C*.

    Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD


Why Allied Market Research?


Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction


On-demand customization of scope of the report to exactly meet your needs


Targeted market view to provide pertinent information and save time of readers


Featured Reports


Featured Readings


Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts