Degree of Honor

Degree of Honor has been in business for over 140 years, and currently serves more than 42,000 insurance customers. The company’s final expense (or burial) insurance is a series of whole life plans that feature guaranteed premiums and death benefits. Degree of Honor does not require any medical exams, blood work, or physician’s statements.

The company currently has three final expense plans. The Level Death Benefit plan offers immediate benefits on the first day of issue, and is ideal for individuals with minor to moderate health issues. It is available for ages 50 to 85. The Graded Death Benefit plan is designed for individuals with serious health issues, and it offers a limited death benefit during the first two years of coverage. It is open to those between the ages of 50 and 80. The Guaranteed Issue Single Premium plan is available for those who don’t qualify for the previous two plans. It offers a maximum face amount of $15,000 and is offered to those aged 50 to 95.

What is burial insurance?

Final expense insurance, also known as burial insurance, is a type of term life insurance that pays a fixed cash benefit upon the insured individual’s death. Burial insurance is usually less expensive than traditional non-termed life insurance, and boasts lower monthly or annual premium payments. It is also usually much easier to qualify for burial insurance than it is to qualify for traditional life insurance. Burial insurance payouts are intended to cover the basic expenses for funeral costs, which currently average out to $10,000 in the United States.

Why is burial insurance necessary?

If you don’t have the savings to pay the high costs of funerals or other end-of-life expenses, burial insurance is a way to prevent your surviving family from incurring debt after your death. Your family will be responsible for your body and any associated arrangements. A death benefit cash payment will help them to both cover costs and obtain peace of mind. Burial insurance is also one possible alternative if you have been denied life insurance coverage in the past.

How much burial insurance do I need?

The typical funeral costs around $10,000 in the United States, and most final expense insurance plans offer commiserate death benefits. There are policies with higher death benefit payouts, but they also have higher monthly or annual premium fees. They may also have other qualification restrictions depending on the provider company. If you plan to have a relatively simple burial, $10,000 should cover your family’s expenses in most United States locations.

How to get started

If you are already a Degree of Honor insurance customer, you should contact your local office and inquire about a final expense policy. If you are a prospective customer, you can contact Community Service and Sales Manager Michelle Alberg at (651) 228 7621, or call the company using the information below. You may also shop for policies using our comparison tool by clicking on the following link.

Financial Strength Ratings

AM Best – Not rated
Moody’s – Not rated
Standard & Poor – Not rated

Company contact info

Degree of Honor
287 W Lafayette Frontage Rd.
Suite 200
PO Box 7420
Saint Paul, MN 55107-0420
(651) 228-7600, (800) 947-5812