Funeral & Burial
Funds may help beneficiaries manage funeral, burial, or other end-of-life expenses.
Final Expense
A smaller policy can bring
meaningful peace of mind.
The Basics
What is Final Expense Insurance?
When a loved one passes away, families can be left with more than emotional loss. Funeral and burial expenses, medical bills, outstanding debts, and other final expenses can create an unexpected financial burden during an already difficult time.
Final expense insurance is a type of life insurance designed to provide a death benefit to your beneficiaries that can be used to help cover these expenses. The money can generally be used according to the beneficiary's needs, which may include funeral and burial costs, outstanding bills, medical expenses, or other financial obligations.
Final expense coverage is commonly offered through whole life insurance policies. Depending on the policy and insurance company, whole life insurance may provide a level premium, a guaranteed death benefit, and cash value accumulation, subject to the terms and conditions of the policy.
One of the reasons final expense insurance can be appealing is that coverage may be available to individuals who have certain health conditions. Some policies offer simplified underwriting, meaning you may be able to apply without a traditional medical examination. Instead, the insurance company may ask health and lifestyle questions on the application to determine eligibility.
Coverage depends on the policy.
Coverage is not guaranteed, and eligibility, premiums, benefits, underwriting requirements, and policy features vary by insurance company and policy.
Preparing Ahead
Why Is Final Expense Insurance Important?
Funeral and end-of-life expenses can add up quickly. In addition to funeral or burial costs, families may also have to deal with medical bills, credit card balances, personal loans, household expenses, legal or administrative costs, and other outstanding financial obligations.
Medical Bills
Beneficiaries may use proceeds toward outstanding medical expenses and other bills.
Outstanding Debts
Funds may help with credit card balances, personal loans, household expenses, or other obligations.
Without adequate life insurance or other funds set aside, these expenses may become a financial responsibility for your loved ones. Final expense insurance can provide a source of funds to help your beneficiaries manage these costs after your passing. Rather than leaving your family to immediately figure out how to pay for your final expenses, a life insurance policy can provide financial resources when they may need them most.
If the answer is no—or you're simply unsure—final expense insurance may be worth considering.
Planning Ahead
A Simple Way to Help Prepare for the Future
Planning ahead can give you greater confidence that your loved ones will have financial resources available when they're needed. Final expense insurance can be an affordable way for eligible individuals to establish a death benefit without purchasing a large traditional life insurance policy.
We can help you explore available options, explain how different policies work, and compare coverage based on your individual needs and budget.
Policy availability, premiums, benefits, underwriting
requirements, and eligibility vary by insurance company
and state. Guarantees are based on the claims-paying
ability of the issuing insurance company. Please review
the policy and applicable disclosures for complete
details.
Personal Planning
A policy should
match the
purpose you
have in mind.
Start with the expenses and people you want the coverage to protect.
How much would funeral or burial arrangements likely cost?
Are there debts or household expenses the benefit should help address?
Who should be the beneficiary, and is the designation current?
Can the premium fit comfortably into the long-term budget?
Ready when you are
Let’s make your next Medicare decision clearer.
Schedule a consultation
No obligation to enroll.
