LIFE INSURANCE IN MAINE

Maine Life Insurance
Coverage

Maine's aging population and rising housing costs make life insurance an important part of financial planning for families across the state.

Aging Population Rising Home Values 25+ Carriers Available
$8,400
Average Funeral Cost
$370K
Median Home Price
6%
Residents Uninsured
25+
Carriers Available

COVERAGE IN THE PINE TREE STATE

Life Insurance in Maine

Maine is home to nearly 1.4 million residents, with major cities including Portland, Lewiston, and Bangor. With a median household income around $64,000 and one of the oldest median age populations in the nation, many Maine families carry mortgage obligations and want to protect their loved ones from financial hardship.

The average funeral and burial cost in Maine is approximately $8,400. Without proper coverage, these costs fall directly on surviving family members. Final expense insurance provides a straightforward way to ensure your family is never left with that burden.

Maine has one of the oldest populations in the country, which makes final expense planning especially relevant. With funeral costs averaging $8,400 and home values rising across southern Maine, both final expense and mortgage protection coverage offer meaningful financial security.

COST COMPARISON

How Maine Compares to National Averages

Average Funeral Cost
National
$8,300
Maine
$8,400
Median Home Price
National
$420,000
Maine
$370,000
Avg. Monthly Life Insurance Premium
National
$50
Maine
$47

OUR CARRIER PARTNERS

Top Carriers in Maine

Asurgo works with 25+ top-rated insurance carriers to find you the best coverage at the lowest rate. Here are some of the carriers available to Maine residents.

Transamerica Mutual of Omaha AIG Aetna Americo Foresters Financial F&G National Life Group Royal Neighbors Gerber Life Lafayette Life Aflac

Carrier availability varies by individual health factors and coverage type.

FREQUENTLY ASKED QUESTIONS

Maine Life Insurance FAQ

How much does final expense insurance cost in Maine?
Most Maine residents pay between $25 and $70 per month for final expense insurance, depending on age, health, and coverage amount. Policies typically range from $5,000 to $50,000. Asurgo shops 25+ carriers to find the lowest rate for your situation.
Do I need a medical exam for life insurance in Maine?
Not always. Many final expense and mortgage protection plans require no medical exam. You answer a few health questions, and coverage can be approved the same day. Larger policies may require underwriting.
What is the average funeral cost in Maine?
The average funeral and burial cost in Maine is approximately $8,400, which includes the service, casket, burial plot, and headstone. Costs can vary significantly depending on the city and type of service chosen.
Does Asurgo offer mortgage protection in Maine?
Yes. Asurgo offers mortgage protection insurance in Maine through multiple carriers. Coverage is designed to pay off or reduce your mortgage balance if you pass away, become disabled, or are diagnosed with a critical illness.
Why is final expense insurance important for Maine's older population?
Maine has one of the oldest median age populations in the U.S. Final expense insurance provides an affordable way for older residents to cover funeral costs averaging $8,400 without medical exams. Many plans offer same-day approval for Maine residents ages 45 to 85.

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