What is final expense life insurance?

Final expense insurance is a small whole life insurance policy that’s meant to cover your funeral and burial costs, as well as other end-of-life expenses like medical and legal bills.

Also known as burial insurance, these policies are typically open to people 50 and older and capped at low coverage amounts. They usually start at $1,000 and max out at $25,000, though some insurers sell policies with a higher death benefit. While these policies are marketed as a way for your life insurance beneficiaries to cover your end-of-life costs, they can spend the money however they wish.

There are two main types of policies to choose from, and the application process is slightly different:

  • Simplified issue policies skip the life insurance medical exam, but you’ll have to answer questions about your health and lifestyle.

  • Guaranteed issue life insurance offers coverage without an exam or questionnaire.

Help take the financial burden off your loved ones.

Guaranteed Whole life insurance is a type of permanent life insurance coverage designed to help provide protection for your family by locking in benefits that can help pay for end-of-life expenses, as well as cash value that can be accessed in an emergency.

Financial Considerations

We’ll be honest—because of the benefits it offers, whole life insurance usually comes with larger premiums than term life. For most families, buying enough whole life insurance to fully meet their protection needs would be outside their budget. But getting a whole life policy and blending it with term life insurance can help you protect your loved ones throughout the different stages of your life.

Reasons to consider:

  • Coverage is guaranteed to never expire

  • Premiums are guaranteed to never increase

  • Guaranteed tax-free death benefit

  • A variety of premium payment schedules

Terms: This program is available to residents in GA, CA, FL, OH, TX, LA, CO, TN, MD, MI, NJ, IL, NV, VA, WI, NC, SD, SC, NM, WA, AL, and IA.

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Note: To receive a quick approval response, answer the following questions as accurately as possible. If key information is not mentioned, expect delays.