Final Expense
Simple, permanent coverage that pays for funeral costs and final bills, so the people you love don't have to.
What final expense insurance covers
Final expense is a small whole life policy. When you pass away, your beneficiary receives a cash payment they can use however they need, most often for:
- Funeral, burial or cremation costs
- Medical bills left over at the end of life
- Outstanding debts like credit cards or loans
- Anything else your family needs during a hard time
Key features
- Coverage that never expires. As long as premiums are paid, the policy stays in force for life.
- Premiums that never go up. Your price is locked in the day the policy starts.
- Smaller, affordable amounts. Policies are usually between $5,000 and $50,000, sized to cover final costs rather than replace income.
- No medical exam in most cases. Most people qualify by answering a few health questions.
- A small cash value. Like other whole life policies, it builds cash value over time.
Who it's best for
- People roughly 50 to 85 who want to make sure their final costs are handled.
- People with health conditions who may not qualify for larger policies. Some carriers offer coverage for most health histories, though some of those policies have a waiting period before the full benefit is paid.
- Anyone who doesn't want their family scrambling to pay for a funeral.
How it works
You answer a short set of health questions, we compare options from several carriers to find the best price for your situation, and you choose the coverage amount that fits your budget. Many policies are approved quickly, often without an exam or blood work.
Common questions
Do I need a medical exam? Usually not. Most final expense policies only ask health questions.
Will my price go up as I get older? No. Your premium is set when the policy starts and stays the same.
What if I have health problems? That's exactly who final expense is designed for. We work with carriers that accept a wide range of health histories, and we'll tell you up front if a policy has a waiting period.
How much coverage do I need? Most families choose enough to cover a funeral plus any remaining bills. Our final expense estimator gives you a starting point.
Coverage amounts, waiting periods and approval depend on the carrier, your age and your health. We'll walk through exact options with you on a free call.