What Is Final Expense Insurance?
Final expense insurance — also called burial insurance or funeral insurance — is a type of whole life insurance designed specifically to cover end-of-life costs. Unlike traditional life insurance with six- or seven-figure payouts, final expense policies typically range from $5,000 to $25,000.
That smaller coverage amount means two things: the premiums are significantly lower, and qualification is dramatically easier. Most people between ages 50 and 85 can get approved with just a few health questions — no medical exam required.
“The families who are most grateful for this coverage are the ones who never expected to need it so soon.”
What Does It Cover?
Your beneficiary receives the full payout and can use it for anything — but most families use it for:
How Much Does It Cost?
Monthly premiums vary based on your age, health history, and coverage amount. For most people, plans start between $30 and $70 per month — often less than a dollar a day. Your rate is locked in for life once approved, and your coverage never decreases.
An agent licensed in your state can walk you through the specific plans available to you and help you find the right fit for your budget.