Worried about leaving your family with a huge funeral bill? Final expense insurance can cover costs averaging $9,000–$12,000 for as little as $15–$20 a month, with no medical exams and quick approval to give you peace of mind today
What Exactly is Final Expense Insurance?
Final expense insurance is a type of whole life insurance designed to cover the costs related to your funeral, burial, and any leftover bills. Unlike traditional life insurance, it offers smaller coverage amounts — typically $5,000 to $25,000 — making it affordable and easy to get. It’s perfect for people over 50 who want a simple solution without jumping through hoops. Plus, the premiums usually stay fixed for life, so your costs won’t skyrocket as you get older.
Why You Should Act Now
Funeral costs have been steadily rising, with a nearly 4% increase just last year. Meanwhile, over 60% of seniors don’t have any life insurance to cover these expenses. Getting a final expense policy now means locking in affordable rates while you still can. Many plans don’t require a medical exam, so approval can be fast—even if you have health issues. The payout is generally tax-free and can be used by your family for whatever they need, not just funerals.
How to Choose the Right Plan for You
Start by comparing quotes from multiple providers and look for plans with guaranteed acceptance and fixed premiums. Some insurers let you start with lower coverage amounts and increase them later if you want. The key is finding a plan that fits your budget and offers enough coverage to protect your family from financial stress. Final expense insurance is about making sure your loved ones can focus on grieving—not bills.