---
title: Final Expense Insurance in New Jersey: Rates by Age
url: https://coverfolk.com/states/new-jersey/final-expense
updated: 2026-10-08
---

# Final expense insurance in New Jersey

Burial insurance for New Jersey seniors. Sample rates by age, New Jersey rules that protect you, and what funerals cost.

Updated October 8, 2026[Fact checked](/editorial-standards)

The short answer

About 1,706,000 people in New Jersey are 65 or older. A $10,000 final expense policy is a common pick. In a published national sample, that costs $33 to $134 a month between ages 60 and 80.

## Sample $10,000 rates by age

| Age | Women | Men |
| --- | --- | --- |
| 50 | $24 | $31 |
| 55 | $28 | $36 |
| 60 | $33 | $43 |
| 65 | $41 | $54 |
| 70 | $53 | $70 |
| 75 | $71 | $97 |
| 80 | $98 | $134 |
| 85 | $136 | $193 |

National sample from Choice Mutual, Rates valid as of March 9, 2026. Not a New Jersey quote.

## New Jersey rules

Free look
:   10 days

Grace period
:   30 days

Guaranty protection
:   $500,000

Help line
:   1-800-446-7467New Jersey Department of Banking and Insurance

## What a funeral costs

Nationally, the median funeral with viewing and burial was $8,300 in 2023. With cremation it was $6,280. Cemetery costs are extra. [Add up your own](/funeral-cost-calculator).

## New Jersey cities with the most seniors

[Paterson 14% 65+](/states/new-jersey/paterson)[Elizabeth 13% 65+](/states/new-jersey/elizabeth)[Jersey City 12% 65+](/states/new-jersey/jersey-city)[Newark 11% 65+](/states/new-jersey/newark)

## Common questions

How much is final expense insurance in New Jersey?

It depends on your age, health and tobacco use. A published national sample puts a $10,000 policy at $41 a month for a 65 year old woman and $54 for a 65 year old man. Prices in New Jersey may differ.

Is burial insurance the same as final expense in New Jersey?

Yes. Burial insurance, final expense and senior life are names for the same kind of small whole life policy.

Source: [FTC Funeral Rule](https://consumer.ftc.gov/articles/ftc-funeral-rule) · [NFDA price study](https://content.nfda.org/news/media-center/nfda-news-releases/id/8134/2023-nfda-general-price-list-study-shows-inflation-increasing-faster-than-the-cost-of-a-funeral)

Can I return a final expense policy in New Jersey?

Yes. New Jersey gives you at least 10 days to look it over and return it for a refund.

Source: [New Jersey free look law](https://nj.gov/dobi/division_insurance/pdfs/lhil.pdf)

What if I am turned down for health reasons?

Guaranteed issue plans ask no health questions. They usually have a waiting period of about 2 years before the full benefit pays for a death from illness.

## Sources

1. [Choice Mutual, $10,000 Life Insurance Rates](https://choicemutual.com/life-insurance-cost/10000/)
2. [2023 NFDA General Price List Study Shows Inflation Increasing Faster than the Cost of a Funeral (NFDA)](https://content.nfda.org/news/media-center/nfda-news-releases/id/8134/2023-nfda-general-price-list-study-shows-inflation-increasing-faster-than-the-cost-of-a-funeral)
3. [Census ACS 2024 1 year estimates, table based summary file](https://www2.census.gov/programs-surveys/acs/summary_file/2024/table-based-SF/)
4. [Census QuickFacts New Jersey (ACS 2020-2024)](https://www.census.gov/quickfacts/fact/table/NJ/PST045224)
5. [NOLHGA: How You're Protected (coverage as of June 1, 2025)](https://nolhga.com/policyholders/how-youre-protected/)
6. [NOLHGA: Contact My Guaranty Association](https://nolhga.com/policyholders/contact-my-guaranty-association/)
7. [NAIC Model Law Chart LI-30, Life Insurance Disclosure (Fall 2023)](https://content.naic.org/sites/default/files/model-law-chart-li-30-life-insurance-disclosure-provisions.pdf)