Is there Burial Expense Insurance available for senior citizens? Yes. In fact, several insurers even offer guaranteed issue life insurance plans to cover burial expenses for seniors. One highly-rated insurer offers up to $25,000 of burial expense life insurance coverage with guaranteed acceptance for anyone between the ages for 45 to 85. With guaranteed approval plans you won't have to take an exam or answer any questions about your health. Your approval for a policy is guaranteed, as long as you meet the age requirements, and can pay the premiums.