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Global Burial Insurance Market Research Report 2025(Status and Outlook)

Publisher Bosson Research
Published Aug 25, 2025
Length 136 Pages
SKU # BOSS20357860

Description

Report Overview

Burial insurance, also known as final expense insurance, is a type of whole life insurance policy designed to cover end-of-life expenses such as funeral costs, medical bills, and other related debts. Unlike traditional life insurance, which may offer higher coverage amounts and require medical underwriting, burial insurance typically provides smaller death benefits (ranging from $5,000 to $25,000) and is easier to qualify for, often featuring simplified or guaranteed issue options that appeal to older adults or individuals with pre-existing health conditions. The product is marketed primarily to seniors and low-to-middle-income families seeking affordable and accessible financial protection to ease the burden on their loved ones. Insurers often bundle additional benefits, such as accelerated death benefits for terminal illnesses, making it a flexible solution for those prioritizing immediate end-of-life planning. The market is driven by an aging population, rising funeral costs, and limited savings among retirees, with distribution channels including direct sales, independent agents, and digital platforms catering to convenience and accessibility. Competition is fierce among insurers, with pricing, policy simplicity, and customer trust being key differentiators. Regulatory oversight ensures transparency, though critics highlight concerns over higher premiums relative to coverage amounts and potential exploitation of vulnerable demographics. Emerging trends, such as hybrid policies combining burial insurance with critical illness coverage, are gaining traction as consumer needs evolve.

The global Burial Insurance market size was estimated at USD 1191.81 million in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 4.25% during the forecast period.

This report offers a comprehensive and in-depth analysis of the global Burial Insurance market, covering all critical facets from a broad macroeconomic overview to detailed micro-level insights. It examines market size, competitive landscape, emerging development trends, niche segments, key drivers and challenges, as well as conducts SWOT and value chain analyses.

The insights provided enable readers to understand the competitive dynamics within the industry and formulate effective strategies to enhance profitability and market positioning. Additionally, the report presents a clear framework for evaluating the current status and future outlook of business organizations operating in this sector.

A significant focus of this report lies in the competitive landscape of the global Burial Insurance market. It offers detailed profiles of major players, including their market shares, performance metrics, product portfolios, and operational status. This enables stakeholders to identify leading competitors and gain a nuanced understanding of market rivalry and structure.

In summary, this report serves as an essential resource for industry participants, investors, researchers, consultants, and business strategists, as well as anyone planning to enter or expand their presence in the Burial Insurance market.

Global Burial Insurance Market: Market Segmentation Analysis

This research report provides a detailed segmentation of the market by region (country), key manufacturers, product type, and application. Market segmentation divides the overall market into distinct subsets based on factors such as product categories, end-user industries, geographic locations, and other relevant criteria.

A clear understanding of these market segments enables decision-makers to tailor their product development, sales, and marketing strategies more effectively to meet the unique needs of each segment. Leveraging market segmentation insights can significantly enhance targeted approaches, optimize resource allocation, and accelerate product innovation cycles by aligning offerings with the specific demands of diverse customer groups.

Key Company

Gerber Life

Foresters

Allianz Life

AIG

American National

Assurity

Transamerica

Americo

Baltimore Life

AAA

State Farm

PIB Holding

Sagicor Life

Mutual Of Omaha

United Home Life

Zurich Insurance

American Continental

Royal Neighbors of America

Fidelity Life

New York Life

Metlife

Prudential

Market Segmentation (by Type)

Level Death Benefit

Modified or Graded Death Benefit

Guaranteed Acceptance

Market Segmentation (by Application)

Over 50

Over 60

Over 70

Over 80

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Burial Insurance Market

Overview of the regional outlook of the Burial Insurance Market:

Chapter Outline

Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.

Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Burial Insurance Market and its likely evolution in the short to mid-term, and long term.

Chapter 3 makes a detailed analysis of the market's competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.

Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.

Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.

Chapter 9 shares the main producing countries of Burial Insurance, their output value, profit level, regional supply, production capacity layout, etc. from the supply side.

Chapter 10 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.

Chapter 11 provides a quantitative analysis of the market size and development potential of each region in the next five years.

Chapter 12 provides a quantitative analysis of the market size and development potential of each market segment in the next five years.

Chapter 13 is the main points and conclusions of the report.

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors

You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents

The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly

Provision of market value data for each segment and sub-segment

Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market

Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region

Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled

Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players

The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions

Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis

Provides insight into the market through Value Chain

Market dynamics scenario, along with growth opportunities of the market in the years to come

Table of Contents

136 Pages
1 Research Methodology and Statistical Scope
1.1 Market Definition and Statistical Scope of Burial Insurance
1.2 Key Market Segments
1.2.1 Burial Insurance Segment by Type
1.2.2 Burial Insurance Segment by Application
1.3 Methodology & Sources of Information
1.3.1 Research Methodology
1.3.2 Research Process
1.3.3 Market Breakdown and Data Triangulation
1.3.4 Base Year
1.3.5 Report Assumptions & Caveats
2 Burial Insurance Market Overview
2.1 Global Market Overview
2.2 Market Segment Executive Summary
2.3 Global Market Size by Region
3 Burial Insurance Market Competitive Landscape
3.1 Company Assessment Quadrant
3.2 Global Burial Insurance Product Life Cycle
3.3 Global Burial Insurance Revenue Market Share by Company (2020-2025)
3.4 Burial Insurance Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.5 Burial Insurance Company Headquarters, Area Served, Product Type
3.6 Burial Insurance Market Competitive Situation and Trends
3.6.1 Burial Insurance Market Concentration Rate
3.6.2 Global 5 and 10 Largest Burial Insurance Players Market Share by Revenue
3.6.3 Mergers & Acquisitions, Expansion
4 Burial Insurance Value Chain Analysis
4.1 Burial Insurance Value Chain Analysis
4.2 Midstream Market Analysis
4.3 Downstream Customer Analysis
5 The Development and Dynamics of Burial Insurance Market
5.1 Key Development Trends
5.2 Driving Factors
5.3 Market Challenges
5.4 Industry News
5.4.1 New Product Developments
5.4.2 Mergers & Acquisitions
5.4.3 Expansions
5.4.4 Collaboration/Supply Contracts
5.5 PEST Analysis
5.5.1 Industry Policies Analysis
5.5.2 Economic Environment Analysis
5.5.3 Social Environment Analysis
5.5.4 Technological Environment Analysis
5.6 Global Burial Insurance Market Porter's Five Forces Analysis
6 Burial Insurance Market Segmentation by Type
6.1 Evaluation Matrix of Segment Market Development Potential (Type)
6.2 Global Burial Insurance Market Size Market Share by Type (2020-2025)
6.3 Global Burial Insurance Market Size Growth Rate by Type (2021-2025)
7 Burial Insurance Market Segmentation by Application
7.1 Evaluation Matrix of Segment Market Development Potential (Application)
7.2 Global Burial Insurance Market Size (M USD) by Application (2020-2025)
7.3 Global Burial Insurance Sales Growth Rate by Application (2020-2025)
8 Burial Insurance Market Segmentation by Region
8.1 Global Burial Insurance Market Size by Region
8.1.1 Global Burial Insurance Market Size by Region
8.1.2 Global Burial Insurance Market Size Market Share by Region
8.2 North America
8.2.1 North America Burial Insurance Market Size by Country
8.2.2 U.S.
8.2.3 Canada
8.2.4 Mexico
8.3 Europe
8.3.1 Europe Burial Insurance Market Size by Country
8.3.2 Germany
8.3.3 France
8.3.4 U.K.
8.3.5 Italy
8.3.6 Spain
8.4 Asia Pacific
8.4.1 Asia Pacific Burial Insurance Market Size by Region
8.4.2 China
8.4.3 Japan
8.4.4 South Korea
8.4.5 India
8.4.6 Southeast Asia
8.5 South America
8.5.1 South America Burial Insurance Market Size by Country
8.5.2 Brazil
8.5.3 Argentina
8.5.4 Columbia
8.6 Middle East and Africa
8.6.1 Middle East and Africa Burial Insurance Market Size by Region
8.6.2 Saudi Arabia
8.6.3 UAE
8.6.4 Egypt
8.6.5 Nigeria
8.6.6 South Africa
9 Key Companies Profile
9.1 Gerber Life
9.1.1 Gerber Life Basic Information
9.1.2 Gerber Life Burial Insurance Product Overview
9.1.3 Gerber Life Burial Insurance Product Market Performance
9.1.4 Gerber Life SWOT Analysis
9.1.5 Gerber Life Business Overview
9.1.6 Gerber Life Recent Developments
9.2 Foresters
9.2.1 Foresters Basic Information
9.2.2 Foresters Burial Insurance Product Overview
9.2.3 Foresters Burial Insurance Product Market Performance
9.2.4 Foresters SWOT Analysis
9.2.5 Foresters Business Overview
9.2.6 Foresters Recent Developments
9.3 Allianz Life
9.3.1 Allianz Life Basic Information
9.3.2 Allianz Life Burial Insurance Product Overview
9.3.3 Allianz Life Burial Insurance Product Market Performance
9.3.4 Allianz Life SWOT Analysis
9.3.5 Allianz Life Business Overview
9.3.6 Allianz Life Recent Developments
9.4 AIG
9.4.1 AIG Basic Information
9.4.2 AIG Burial Insurance Product Overview
9.4.3 AIG Burial Insurance Product Market Performance
9.4.4 AIG Business Overview
9.4.5 AIG Recent Developments
9.5 American National
9.5.1 American National Basic Information
9.5.2 American National Burial Insurance Product Overview
9.5.3 American National Burial Insurance Product Market Performance
9.5.4 American National Business Overview
9.5.5 American National Recent Developments
9.6 Assurity
9.6.1 Assurity Basic Information
9.6.2 Assurity Burial Insurance Product Overview
9.6.3 Assurity Burial Insurance Product Market Performance
9.6.4 Assurity Business Overview
9.6.5 Assurity Recent Developments
9.7 Transamerica
9.7.1 Transamerica Basic Information
9.7.2 Transamerica Burial Insurance Product Overview
9.7.3 Transamerica Burial Insurance Product Market Performance
9.7.4 Transamerica Business Overview
9.7.5 Transamerica Recent Developments
9.8 Americo
9.8.1 Americo Basic Information
9.8.2 Americo Burial Insurance Product Overview
9.8.3 Americo Burial Insurance Product Market Performance
9.8.4 Americo Business Overview
9.8.5 Americo Recent Developments
9.9 Baltimore Life
9.9.1 Baltimore Life Basic Information
9.9.2 Baltimore Life Burial Insurance Product Overview
9.9.3 Baltimore Life Burial Insurance Product Market Performance
9.9.4 Baltimore Life Business Overview
9.9.5 Baltimore Life Recent Developments
9.10 AAA
9.10.1 AAA Basic Information
9.10.2 AAA Burial Insurance Product Overview
9.10.3 AAA Burial Insurance Product Market Performance
9.10.4 AAA Business Overview
9.10.5 AAA Recent Developments
9.11 State Farm
9.11.1 State Farm Basic Information
9.11.2 State Farm Burial Insurance Product Overview
9.11.3 State Farm Burial Insurance Product Market Performance
9.11.4 State Farm Business Overview
9.11.5 State Farm Recent Developments
9.12 PIB Holding
9.12.1 PIB Holding Basic Information
9.12.2 PIB Holding Burial Insurance Product Overview
9.12.3 PIB Holding Burial Insurance Product Market Performance
9.12.4 PIB Holding Business Overview
9.12.5 PIB Holding Recent Developments
9.13 Sagicor Life
9.13.1 Sagicor Life Basic Information
9.13.2 Sagicor Life Burial Insurance Product Overview
9.13.3 Sagicor Life Burial Insurance Product Market Performance
9.13.4 Sagicor Life Business Overview
9.13.5 Sagicor Life Recent Developments
9.14 Mutual Of Omaha
9.14.1 Mutual Of Omaha Basic Information
9.14.2 Mutual Of Omaha Burial Insurance Product Overview
9.14.3 Mutual Of Omaha Burial Insurance Product Market Performance
9.14.4 Mutual Of Omaha Business Overview
9.14.5 Mutual Of Omaha Recent Developments
9.15 United Home Life
9.15.1 United Home Life Basic Information
9.15.2 United Home Life Burial Insurance Product Overview
9.15.3 United Home Life Burial Insurance Product Market Performance
9.15.4 United Home Life Business Overview
9.15.5 United Home Life Recent Developments
9.16 Zurich Insurance
9.16.1 Zurich Insurance Basic Information
9.16.2 Zurich Insurance Burial Insurance Product Overview
9.16.3 Zurich Insurance Burial Insurance Product Market Performance
9.16.4 Zurich Insurance Business Overview
9.16.5 Zurich Insurance Recent Developments
9.17 American Continental
9.17.1 American Continental Basic Information
9.17.2 American Continental Burial Insurance Product Overview
9.17.3 American Continental Burial Insurance Product Market Performance
9.17.4 American Continental Business Overview
9.17.5 American Continental Recent Developments
9.18 Royal Neighbors of America
9.18.1 Royal Neighbors of America Basic Information
9.18.2 Royal Neighbors of America Burial Insurance Product Overview
9.18.3 Royal Neighbors of America Burial Insurance Product Market Performance
9.18.4 Royal Neighbors of America Business Overview
9.18.5 Royal Neighbors of America Recent Developments
9.19 Fidelity Life
9.19.1 Fidelity Life Basic Information
9.19.2 Fidelity Life Burial Insurance Product Overview
9.19.3 Fidelity Life Burial Insurance Product Market Performance
9.19.4 Fidelity Life Business Overview
9.19.5 Fidelity Life Recent Developments
9.20 New York Life
9.20.1 New York Life Basic Information
9.20.2 New York Life Burial Insurance Product Overview
9.20.3 New York Life Burial Insurance Product Market Performance
9.20.4 New York Life Business Overview
9.20.5 New York Life Recent Developments
9.21 Metlife
9.21.1 Metlife Basic Information
9.21.2 Metlife Burial Insurance Product Overview
9.21.3 Metlife Burial Insurance Product Market Performance
9.21.4 Metlife Business Overview
9.21.5 Metlife Recent Developments
9.22 Prudential
9.22.1 Prudential Basic Information
9.22.2 Prudential Burial Insurance Product Overview
9.22.3 Prudential Burial Insurance Product Market Performance
9.22.4 Prudential Business Overview
9.22.5 Prudential Recent Developments
10 Burial Insurance Market Forecast by Region
10.1 Global Burial Insurance Market Size Forecast
10.2 Global Burial Insurance Market Forecast by Region
10.2.1 North America Market Size Forecast by Country
10.2.2 Europe Burial Insurance Market Size Forecast by Country
10.2.3 Asia Pacific Burial Insurance Market Size Forecast by Region
10.2.4 South America Burial Insurance Market Size Forecast by Country
10.2.5 Middle East and Africa Forecasted Sales of Burial Insurance by Country
11 Forecast Market by Type and by Application (2026-2033)
11.1 Global Burial Insurance Market Forecast by Type (2026-2033)
11.2 Global Burial Insurance Market Forecast by Application (2026-2033)
12 Conclusion and Key Findings
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