Is there Funeral insurance available for people living in the city of Houston? Yes. Residents of Houston can get life insurance to cover the cost of their funeral. The average cost of a funeral is around $7,800. There are guaranteed issue funeral insurance plans available for people between the age if 45 to 85. Guaranteed issue means you are guaranteed approval for a policy if you meet the age requirements. And, you won't have to take a medical exam or answer any questions about your health. One highly-rated insurer offers up to $25,000 of guaranteed issue coverage for funeral life insurance.