Affordable Burial Insurance in New Mexico [Feb 2023]

A state in the west of the United States is called New Mexico. In 2020, there will be 2.097 million people living in the state. Albuquerque is New Mexico’s largest city, and Santa Fe is its capital.

The majority of people in the US do not carry burial insurance, and for good reason. A sort of whole-life insurance called burial insurance is made to cover funeral and burial costs. You must be a US citizen or a valid US resident in order to get burial insurance.

In the United States, the average funeral costs between $7,000 and $12,000, not including the price of a grave or headstone. If you pass away without having burial insurance, your family will be responsible for covering your funeral and burial costs out of pocket.

We’ll talk about New Mexico funeral insurance in this article. In this article, we’ll go over what burial insurance is, how much it costs, and how you get it.

What is Burial Insurance in New Mexico?

A type of insurance called burial insurance covers the price of your funeral and burial. “Final cost insurance” is another name for this kind of coverage.

The purpose of burial insurance is to pay for your funeral and burial expenditures. These expenses can cover the price of your coffin, the cost of funeral home services, and the cost of getting your body to the cemetery. Your grave marker or headstone may be covered by burial insurance.

Whole and term life insurance are the two main forms of burial insurance coverage. Whole life insurance policies are perpetual and are in effect for the rest of your days. Term life insurance policies are brief contracts that last for a predetermined time only.

You might be able to purchase a pre-need funeral contract from a recognised funeral home if you live in New Mexico. You may prepaid your funeral and burial costs under this arrangement.

Why Is Burial Insurance In New Mexico So Important?

The key benefit of having this kind of insurance is that it enables you to pay for all of these expenses without worrying about how you will cover them. Additionally, it guarantees that after all of your needs are covered, there will be at least some money left over for your family to use for other purposes, such as paying off any lingering debts or assisting with financial obligations following their passing.

It’s also important to note that there are numerous kind of burial insurance coverage available. While some insurance policies just cover funeral expenses, others also cover cremation fees. If this is something you’re interested in doing, you may also choose a coverage that either fully protects them or only covers a portion of the expenditures.

Who needs Burial Insurance In New Mexico?

You are probably attempting to determine who requires burial insurance if you intend to purchase it. The solution is straightforward: everyone needs some type of funeral insurance. It’s because death can happen at any time, and you might not be able to afford a funeral if you don’t have any funds.

You should also think about the people you love who will be left behind when you pass away. If you don’t have any funds, paying for your funeral arrangements could leave you with nothing but debt.

When should I get Burial Insurance?

Despite the fact that many people consider having this type of coverage when they are young, it is never too late to begin considering it. Even if you are 60 years of age or older and the likelihood that you will pass away soon is low, you should still make plans in case something unexpected happens to you.

What Does it Cover?

Planning is vital if you want your loved ones to be able to finance a good funeral service without getting into debt or taking out loans because funeral costs are typically costly. Affordable burial insurance can help ease some of the financial strain connected with funerals by covering burial fees up to $10,000. These insurance policies also cover additional connected costs including body transportation, caskets and urns, death certificates, floral arrangements, and clergy fees.

Some insurance plans even pay for death-related medical costs including hospital stays or pre-death doctor visits. Additionally, some policies offer additional benefits if you were ill when you bought the coverage or if you received a terminal diagnosis within a year of purchasing it.

How Much Burial Insurance Do I Need In New Mexico?

Your requirement for burial insurance in New Mexico will be based on a few variables. The sort of burial you choose, the number of people you wish to be buried, and the typical funeral expense in your location are a few examples of these variables.

Type of funeral you want: The type of funeral you desire will have a big impact on the amount of burial insurance you require. You will need more coverage if you want a traditional funeral with a casket and a visitation than if you just want cremation.

Several people, you want to be buried:You will want more insurance than if you were single if you wish to be buried alongside your husband or partner.

Cost of funerals in your area:The typical funeral expense in the US is from $7,000 to $10,000. However, depending on where you live, funeral expenses can differ significantly.

For instance, the typical funeral expense in New York City is over $12,000 while it is approximately $6,000 in rural Texas.

How Much Does Burial Insurance Cost In New Mexico?

The price of burial insurance varies in New Mexico depending on a number of variables. Age, gender, health, and smoking status are a few of these variables.

Age: The cost of burial insurance is frequently inversely correlated with the policyholder’s age.

Gender: In general, men pay more for burial insurance than women do.

Health: You might have to pay more for your funeral insurance if you have health issues.

Smoking Status: Your funeral insurance will normally cost higher if you smoke cigarettes.

Getting a quote from a life insurance provider is the best method to find out how much your burial insurance coverage will cost.

New Mexico Free Look Period

You have the chance to research it and make sure it meets all of your demands during the “free look” period. Ten days after receiving the insurance, you have a free inspection in New Mexico. The free look period is now 30 days long.

If you decide to end your coverage within this time frame, your premium payments must be fully repaid.

No of how long you’ve had your life insurance policy, keep in mind that if you change your mind after the initial free-look time, you may always cancel. Your premium payments, however, will not be refunded.

Leading Causes Of Death In New Mexico

  • Heart Disease
  • Accidents
  • Cancer
  • Chronic Lower Respiratory Disease
  • Diabetes
  • Stroke
  • Chronic Liver Disease/Cirrhosis
  • Suicide
  • Alzheimer’s disease
  • Flu/Pneumonia

Average Life Span In New Mexico

According to recent data, New Mexico has the 38th lowest life expectancy in the US. The typical lifespan in New Mexico is 74.5 years (2020).

Do I have to pay more since I live in New Mexico, you might be asking. That’s not true, though. Except for Montana, all states charge the same rates for life insurance (they have unisex rates). Despite having one of the lowest death rates in the nation, New Mexico, your rates won’t necessarily be higher.

We simply provide this information to you in order to assist you understand when most people pass away. It doesn’t matter how old you are in the end. If you took care of this right away, you would know that it is a permanent condition. Then you won’t ever have to be concerned about leaving your family with unpaid funeral expenses.

How To Find Affordable Burial Insurance in New Mexico?

Now that you are fully informed regarding New Mexico burial insurance, it is time to begin looking for a policy. Using an independent life insurance agent is an excellent approach to obtain low-cost burial insurance in New Mexico. Independent life insurance brokers are not confined to a particular provider of life insurance. It implies that they are able to provide you with many quotations from various life insurance providers.

You can compare various policies and choose the one that best suits your needs with the assistance of a top-notch independent life insurance agent. We can assist you if you need assistance locating a local, independent life insurance agent in New Mexico.

As a specialised provider of burial insurance, we are an independent life insurance company. We can assist you in comparing prices from many life insurance providers to discover the plan that best suits your requirements. Call us at 855-380-3300 for a free quotation on burial insurance in New Mexico. ***

How choice Can Save You Significant Money

There are numerous insurance companies from which to pick. There is no question in my mind. Perhaps you’re looking for funeral insurance for a parent or for yourself. No matter who you purchase for, choosing the right provider is crucial to your success. Why then should you work with us?

There is no doubt that you have a variety of insurance firms to select from. You can require funeral insurance for a parent or even for yourself. No matter who you buy for, picking the correct source is crucial to your success.

Why would you want to collaborate with us, then? It’s a legitimate query that calls for a response.

The three reasons listed below lead us to feel that we can help you.

  • We will always be an independent organisation. We have access to more than 20 different final expense life insurance firms, so we are not restricted to any one. With this approach, we can select the best choice for you based on objective standards.
  • We want to fulfil your needs. We could have you work for some businesses so that we could get paid more, but that is not how we conduct business. After we’ve helped you, we want to make sure that no other business can enter and offer you a better price. Even if it offers us less money, we’ll find the greatest insurance.
  • We have a lot of experience. We have submitted so many applications over the years that we are familiar with how each of these 20 companies underwrites. We know how insurance companies will react to your medical problems, which is essential to getting you a great bargain. We promise that the value we provide will satisfy you thanks to our wealth of experience.

Make careful you locate a different agency if you move elsewhere for whatever reason. They must be able to collaborate with at least 10 different businesses and concentrate on burial life insurance.


Having reasonably priced funeral insurance in New Mexico is crucial no matter how you look at it. If something were to happen to you, you wouldn’t want to leave your family with the financial burden of paying for your funeral.

Although there are many life insurance providers, not all of them are the same. We are an independent agency at having access to over 20 different insurers. Based on your requirements and health concerns, we’ll determine the right coverage for you.

Avoid leaving it until it is too late. Get in touch with us right away, and we’ll assist you in finding the ideal burial insurance plan in New Mexico.