U.S. Burial Insurance Market Size, Share & Trends Analysis Report By Coverage Type (Level Death Benefit, Guaranteed Acceptance), By Age Of End-user, By State, And Segment Forecasts, 2023 - 2030

Market Segmentation

• U.S. Burial Insurance Coverage Type Outlook (Revenue, Billion, 2018 - 2030)
  • Level Death Benefit
  • Guaranteed Acceptance
  • Modified or Graded Death Benefit
• U.S. Burial Insurance Age of End-user Outlook (Revenue, Billion, 2018 - 2030)
  • Over 50
  • Over 60
  • Over 70
  • Over 80
• U.S. Burial Insurance State Outlook (Revenue, Billion, 2018 - 2030)
  • U.S.
    • U.S. Burial Insurance Market, By Coverage Type
      • Level Death Benefit
      • Guaranteed Acceptance
      • Modified or Graded Death Benefit  
    • U.S. Burial Insurance Market, By Age of End-User
      • Over 50
      • Over 60
      • Over 70
      • Over 80
  • California
    • California Burial Insurance Market, By Product
      • Level Death Benefit
      • Guaranteed Acceptance
      • Modified or Graded Death Benefit 
    • California Burial Insurance Market, By Age of End-User
      • Over 50
      • Over 60
      • Over 70
      • Over 80
  • Texas
    • Texas Burial Insurance Market, By Product
      • Level Death Benefit
      • Guaranteed Acceptance
      • Modified or Graded Death Benefit 
    • Texas Burial Insurance Market, By Age of End-User
      • Over 50
      • Over 60
      • Over 70
      • Over 80
  • Florida
    • Florida Burial Insurance Market, By Product
      • Level Death Benefit
      • Guaranteed Acceptance
      • Modified or Graded Death Benefit 
    • Florida Burial Insurance Market, By Age of End-User
      • Over 50
      • Over 60
      • Over 70
      • Over 80
  • New York
    • New York Burial Insurance Market, By Product
      • Level Death Benefit
      • Guaranteed Acceptance
      • Modified or Graded Death Benefit 
    • New York Burial Insurance Market, By Age of End-User
      • Over 50
      • Over 60
      • Over 70
      • Over 80
  • Pennsylvania
    • Pennsylvania Burial Insurance Market, By Product
      • Level Death Benefit
      • Guaranteed Acceptance
      • Modified or Graded Death Benefit 
    • Pennsylvania Burial Insurance Market, By Age of End-User
      • Over 50
      • Over 60
      • Over 70
      • Over 80
  • Illinois
    • Illinois Burial Insurance Market, By Product
      • Level Death Benefit
      • Guaranteed Acceptance
      • Modified or Graded Death Benefit 
    • Illinois Burial Insurance Market, By Age of End-User
      • Over 50
      • Over 60
      • Over 70
      • Over 80
  • Ohio
    • Ohio Burial Insurance Market, By Product
      • Level Death Benefit
      • Guaranteed Acceptance
      • Modified or Graded Death Benefit 
    • Ohio Burial Insurance Market, By Age of End-User
      • Over 50
      • Over 60
      • Over 70
      • Over 80
  • Georgia
    • Georgia Burial Insurance Market, By Product
      • Level Death Benefit
      • Guaranteed Acceptance
      • Modified or Graded Death Benefit 
    • Georgia Burial Insurance Market, By Age of End-User
      • Over 50
      • Over 60
      • Over 70
      • Over 80
  • Rest of the U.S.
    • Rest of the U.S. Burial Insurance Market, By Product
      • Level Death Benefit
      • Guaranteed Acceptance
      • Modified or Graded Death Benefit 
    • Rest of the U.S. Burial Insurance Market, By Age of End-User
      • Over 50
      • Over 60
      • Over 70
      • Over 80

U.S. Burial Insurance Market Dynamics

Driver: Rising Government Initiatives To Offer Dignified End-Of-Life Care

The rising demand for funeral services has made it possible for several government initiatives to be put into place, to ensure that everyone receives acceptable end-of-life care regardless of their circumstances. As more people become aware of such initiatives, along with more insurance companies focusing on offering end-to-end policies, the market is expected to expand. Key government initiatives in the region include the Affordable Care Act in the U.S., which has increased the number of people with health insurance and decreased the price of many treatments & healthcare services. According to a government statement on April 5, 2022, the administration planned to expand the Affordable Care Act (ACA) to improve access to coverage and reduce costs, potentially raising the percentage of insured citizens. As a result, U.S. individuals can choose to have their health insurance cover funeral costs, ultimately resulting in rising demand for burial insurance market.

Restraint: Limited Reach Of Burial Insurance Policy In Developing Economies

Unlike other life insurance plans, burial insurance does not yet have a sizable presence in developing economies. In contrast to the U.S., this is especially true for emerging markets such as South Africa, where 45% of individuals had funeral insurance in 2021, according to the FSCA's 2022 Financial Sector Outlook Study. This insurance market is anticipated to see a similar restraint until burial insurance plans become more popular, which might then serve as the primary driver of market development. Since funeral costs are one of the most significant financial burdens on families of the deceased in many developed economies, including the U.S. & Canada, more people are already aware of such funeral insurance.

What Does This Report Include?

This section will provide insights into the contents included in this u.s. burial insurance market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

U.S. burial insurance market qualitative analysis

• Industry overview

• Industry trends

• Market drivers and restraints

• Market size

• Growth prospects

• Porter’s analysis

• PESTEL analysis

• Key market opportunities prioritized

• Competitive landscape

  • Company overview

  • Financial performance

  • Product benchmarking

  • Latest strategic developments

U.S. burial insurance market quantitative analysis

• Market size, estimates, and forecast from 2018 to 2030

• Market estimates and forecast for product segments up to 2030

• Regional market size and forecast for product segments up to 2030

• Market estimates and forecast for application segments up to 2030

• Regional market size and forecast for application segments up to 2030

• Company financial performance