Frequently Asked Questions

What does final expense insurance cover?

The death benefit can be used for any purpose, but it is most commonly used to cover funeral, burial, or cremation expenses.

How is final expense insurance different from traditional life insurance?

Final expense insurance is a type of whole life insurance with a smaller benefit amount compared to traditional policies. Its primary focus is covering end-of-life expenses, whereas traditional life insurance is generally designed for income replacement.

How does final expense insurance work?

Final expense insurance works like other life insurance policies. You apply for coverage, the insurer reviews and approves your application, and upon your passing, the death benefit is paid to your primary beneficiary after the claim is approved.

Why should I consider final expense insurance?

Final expense insurance helps ease the financial burden on your loved ones during a difficult time. By covering funeral and other end-of-life expenses, it provides your family with peace of mind and the ability to focus on healing.

What is the maximum age to qualify for final expense insurance?

Eligibility depends on the insurance provider. Most companies offer coverage up to age 85, though some extend coverage beyond that age at higher premium rates.

What happens to any remaining funds from a final expense policy?

The entire death benefit is paid to the primary beneficiary, who can use the funds as they see fit. If you outline your funeral wishes in advance, you can guide your beneficiary on how much to allocate toward final arrangements.

What is the average cost of a final expense insurance policy?

Premiums vary based on factors like age, health, gender, and coverage amount. On average, you can expect to pay $40–$60 per month for a $5,000–$10,000 policy.