Final Expense Insurance

Coverage that protects your family from the costs

A simple way to help make sure funeral costs, medical bills, and final expenses do not fall on the people you love.

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Why it matters

A cost your family should never have to carry

The national median cost of a funeral with viewing and burial was about $8,300, and that figure does not even include the cemetery plot or grave marker. Without a plan in place, that bill falls to your family at the worst possible time.

Source: National Funeral Directors Association, 2023 General Price List Study.

Key takeaways

Final expense is small whole life insurance built for end-of-life costs.
On level-premium plans, your payment stays the same for life.
Most plans require no medical exam, just a few health questions.
The benefit is generally paid to your family income-tax-free.

What it can help cover

Made for the bills that come at the end

Funeral and burial or cremation costs
Remaining medical or hospital bills
Everyday costs and outstanding bills the estate would otherwise have to settle
A little left over for the people you love

How it works

Simple by design

You choose a coverage amount that fits your budget, most often between $5,000 and $25,000, and higher with some carriers. You answer a few health questions, and most plans need no medical exam. Once approved, your rate is set for the life of a level-premium policy, your coverage does not expire as long as premiums are paid, and the money goes straight to the people you name.

How it pays out

Three ways a policy can be structured

Immediate (level)

Pays the full benefit from day one. For those in better health.

Graded

Pays a reduced amount for natural death during an initial period, usually the first two years, then the full amount after.

Return of premium

Returns your premiums plus a percentage for natural death during that initial period, then pays in full.

Accidental death is typically covered in full from day one. Which structure you qualify for depends on your health and the carrier.

Common questions

What will it cost?

That depends on three things: your age, your health, and how much coverage you choose. Because plans come in different sizes, most people can find something that fits their budget. A licensed agent will walk you through actual numbers for your situation, and there is no cost or obligation to find out.

How much coverage do I need?

Enough to cover funeral and final costs without overpaying. We help you land on the right amount in a short conversation.

Can I be turned down for health reasons?

It depends on your health and the carrier. Some plans are built for people who have been declined elsewhere. We will tell you honestly what you are likely to qualify for, and match you to the carrier we believe fits your situation best.

Who gets the money?

The people you name as beneficiaries, generally paid to them income-tax-free, so they can handle costs quickly.

Do the rates change as I age?

On level-premium plans, no. Your rate is set when the policy is issued and stays the same for life as long as premiums are paid.