Affordable final expense and burial insurance
Protect your legacy from final expenses
We shop America's top-rated carriers to find you the best final expense coverage options, starting as low as $1 per day.*
Easy to qualify with no medical exams!
Affordable final expense and burial insurance
Protect your legacy from final expenses
Affordable final expense and burial insurance
We shop America's top-rated carriers to find you the best final expense coverage, starting as low as $1 per day.* There are no medical exams, and it only takes minutes to apply.
What is Final Expense Insurance?
Final expense, also called burial coverage, is whole life insurance that can cover funeral expenses and also cover bills such as credit cards and other expenses, so you leave your loved ones with lasting memories and not bills.
We know life is unpredictable. If you were to pass away unexpectedly, it could place a financial burden on your loved ones. Although it's not pleasant to consider one's own mortality, funerals, burials, and cremations are generally expensive. Did you know, the average funeral costs anywhere from $7,000 to $12,000? A recent study done by the U.S. Bureau of Labor Statistics revealed that these costs have risen upwards of 221 percent over the last 40 years!
Why is Final Expense Insurance a Great Choice for People 50 and Older?
Easy to qualify
Getting approved takes minutes and there are no medical exams
Affordable plans
Rate-lock protection (coverage never decreases, rates never increase)
Peace of mind
Coverage does not expire as long as you make your premium payments
Cash value
Policy accumulates cash value as you make your premium payments
Final Expense insurance offers multiple benefits to give you peace of mind that your family will not have to worry about your funeral expenses and other bills.
Provides coverage for funeral services.
You can plan your arrangements, and the financial stress is taken off your loved ones.
Helps cover medical bills.
In the unfortunate event that there are outstanding final medical bills, final expense insurance can help pay these bills.
Can help pay off any loans or credit card debt.
A Final Expense policy can help make sure any loans or debts are not left behind.
Financial support for loved ones.
Let your loved ones focus on celebrating your life when you pass. This death benefit can be used for more than just funeral expenses, including time taken away from work.
Final Expense Compare helps you find the best coverage options.
Affordable plans that fit your budget
Find plans made to match your needs, so you can get the coverage you require without having to put an undue amount of burden on your finances. Coverage amounts can range from a few thousand to $50,000 in some circumstances.
Simple and easy application process
The application procedure is easy and uncomplicated. No long forms to fill out, no medical exams—just a quick phone call, and a licensed final expense insurance expert will take care of the rest.*
Trusted knowledge
We work with licensed final expense insurance advisors who ask good questions to understand your needs and situation. We're here to help and counsel you to choose the best plan and coverages.
Peace of mind
You can focus on what really matters—living life to the fullest—knowing that your final expenses and bills are covered.
Get Covered Today!
1. Contact us
Give us a call right now or use the online form, and we'll have a licensed advisor get in touch with you right away.
2. Choose coverage
A licensed advisor will ask you a few questions to determine the best options, compare the top carriers, and get the best coverage that fits your budget.
3. Get peace of mind
You can focus on what really matters—living life to the fullest—knowing that your final expenses and bills are covered
Frequently asked questions
Is Final Expense insurance affordable?
Final expense insurance premiums are typically reasonable because coverage amounts are less than those of other life insurance products, such as term insurance. A few thousand dollars to $50,000 can be covered in some circumstances.
What are the different types of final expense insurance?
There are two primary types of final expense whole life insurance:
1: Simplified issue
2: Guaranteed issue
For most people, simplified issue is the best option. Why? You can get greater coverage for less money by providing the answers to a few health questions and coverage starts immediately. Guaranteed issue life insurance plans are best suited for seniors over the age of 50 who have pre-existing medical conditions that would make them ineligible for traditional life insurance policies due to their high-risk status.
To qualify for simplified issue, insurance carriers ask health questions like the following:
1: Are you hospitalized, receiving hospice, or living in a nursing facility?
2: Have you been diagnosed with a terminal illness such as cancer?
3: Has a physician advised you to receive an organ transplant or an amputation?
4: Have you been diagnosed by a physician as having AIDS or as HIV positive?
Answering “yes” to any of these questions may mean a guaranteed issue policy is the only option. Each life insurance carrier’s specific final expense insurance health questions vary.
A simplified issue policy should always be your first choice if you can qualify.
Keep in mind, a guaranteed issue life insurance plan always includes a waiting period. In other words, you will need to live for 2-3 years after the purchase of your coverage before your beneficiaries will receive the entirety of a policy’s proceeds.
Can I be turned down?
Even though it's possible to be denied final expense whole life insurance, the majority of insurance companies offer "guaranteed issue" policies, which guarantee coverage regardless of your health but may require you to pay a higher premium because the insurer is taking on a greater risk. Nevertheless, some companies may still reject applications based on age or extremely health conditions.
What is required to apply?
Most simplified issue final expense policies do not require a medical exam, so applying for final expense whole life insurance usually only requires basic personal information like your name, address, date of birth, Social Security number, and answers to a series of health questions on a short questionnaire. You may also need to designate your beneficiary and select the desired coverage amount.
How much coverage can I get?
The normal coverage range for a final expense whole life insurance policy is $2,500 to $50,000, with the majority of policies falling between $5,000 and $25,000 and being largely intended to pay burial and funeral expenses along with other bills.
How long does it take to pay benefits?
Final expense whole life insurance is one of the fastest payout types of life insurance because benefits are usually paid out very quickly, usually within 24 to 72 hours after a claim is approved; however, the precise timeframe may vary depending on the insurance company and the specifics of the policy, with some companies possibly processing claims more slowly than others.
Can I borrow against the policy?
Yes, you can borrow against a final expense whole life insurance policy because it is a type of permanent life insurance that accumulates cash value over time.
What happens if I get terminally ill?
If you have a final expense whole life insurance policy and become terminally ill, you may be able to access a portion of your death benefit early. An "accelerated death benefit rider" allows you to withdraw a portion of the policy payout if diagnosed with a terminal illness with a limited life expectancy, usually less than a year. This amount will then be deducted from the death benefit paid out to your beneficiaries after you pass away
Do premiums ever increase?
No. Once you purchase a final expense whole life insurance policy, your premium stays fixed for the duration of the policy and does not increase over time. As long as premiums are paid on time, the tax-free death benefit amount is assured. Additionally, a last expense policy increases cash value that you need to be able to borrow against.
How does whole life insurance compare to term?
Younger people typically purchase term life insurance for greater coverage at a lower cost for a predetermined period, while whole life insurance provides permanent coverage. Whole life final expense insurance is designed for older individuals with potential health issues and typically does not require medical exams to qualify. Whole life insurance also accumulates cash value over time, while term insurance does not.
Won't the VA or Social Security cover final expenses?
There is a common misconception that Social Security will pay for final expenses. The reality is the government only pays a lump sum of $255 to those who qualify. For qualifying veterans, the Veterans Administration benefit for non-service related death (if you qualify) is only $796 for a plot, plus a $300 burial allowance if not hospitalized by the VA at time of death, or a $796 burial allowance if hospitalized by the VA at time of death.
Source: “If You Are the Survivor,” Social Security Administration, 2023. “Burial Benefits,” U.S. Department of Veteran Affairs, accessed March 2023
Compare Plans from America's Top-Rated Final Expense and Burial Insurance Carriers
*Disclosures/Disclaimers:
Plan price depends on coverage amount, age, gender and health conditions. Final Expense Compare is an online information resource for life insurance. We are not a licensed insurance agency and do sell insurance directly to customers. We partner with licensed insurance agents to provide you with insurance products in your area. Calls will be connected to a licensed agent that offers insurance products in your state. When you complete a Quote Form you will be contacted by a licensed agent that offers insurance products in your state. All registered trademarks, copyrights, and logos belong to their respective owners. The insurance companies, products, terms, and/or price stated or displayed on this page may not always be available. Insurance products, companies, licensing, and regulations differ from state to state. Some policies, such as Guaranteed Issue/Acceptance Whole Life Insurance, which is available in most states and is normally offered to applicants aged 50-85, do not require a medical exam or health questionnaires.