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Grange Insurance Corporation

Grange Insurance Corporation was formed in 1935 and has been selling various insurance-related products ever since. The firm makes use of contracted independent insurance agents, meaning that the agents you interact with are not employees of Grange. Grange advertises a final expense insurance product on its website, but it does not disclose details such as the death benefit payout, the average premiums, or other terms and conditions. You can contact an agent using the information at the close of this document to learn more.

What is burial insurance?

Burial insurance, which is usually called final expense insurance or funeral insurance by life insurance companies, is a form of life insurance that pays a predetermined cash sum to a beneficiary upon the policyholder’s death. Burial insurance is usually less expensive than regular life insurance. It is also typically easier to qualify for in terms of permissible health issues. Burial insurance is intended to cover the costs of funerals and related products and services.

Why is burial insurance necessary?

Burial insurance can be helpful if you don’t have savings or cash set aside to pay for your funeral and other end-of-life expenses. Your surviving loved ones will take on any of the debts incurred as a result of your funeral or cremation. It’s thus a good idea to leave them with a lump-sum amount that can be used to offset these costs. Burial insurance may also be used as an alternative for life insurance if you are unable to qualify for traditional life insurance due to a health issue.

How much burial insurance is necessary?

Burials in the United States cost in the neighborhood of $10,000, and most burial insurance policies are designed with this figure in mind. Policies with higher death benefit payouts are available, but they also feature higher monthly premium payment requirements. They may also have qualification restrictions based on your current health and lifestyle choices. If you plan to have a modest burial service, a $10,000 policy will likely cover most, if not all, of your family’s final expenses.

How to get started

If you are already a Grange insurance customer, you should contact your local office and inquire about a final expense policy. If you are a prospective customer, you can contact a Grange customer service representative via the company’s website. You may also shop for policies using our comparison tool by clicking on the following link.

Financial Strength Ratings

AM Best – A-, Stable outlook
Moody’s – No rating
Standard & Poor – No rating

Company contact info

Grange Insurance Corporation
671 S. High Street
Columbus, OH 43206
(800) 422-0550