Final Expense Life Insurance FAQs: Simple Answers to Common Questions
Final expense insurance—also called burial or funeral insurance—is a popular choice for seniors looking for peace of mind. If you've got questions, you're not alone. Below are simple answers to the most common things people ask about this type of coverage.
Frequently Asked Questions
Final expense insurance is a small life insurance policy designed to cover funeral costs and other end-of-life expenses. It typically provides between $5,000 and $25,000 in coverage.
Costs vary depending on your age, gender, and health, but most policies cost between $30–$70 per month. You can often get quotes with no medical exam required.
Final expense insurance is mainly for older adults—usually people 50 to 85 years old—who want to make sure their loved ones aren't left with burial bills or unpaid debts.
Most policies don't require a medical exam. You'll just answer a few health questions. Some plans (called guaranteed issue) don't ask anything about your health.
It typically covers funeral costs, burial or cremation expenses, unpaid medical bills, and sometimes small debts. The money goes to your chosen beneficiary, who can use it however they need.
If you pass away within the first two years of certain guaranteed-issue policies, the full death benefit might not be paid out. It's important to read the policy details.
Yes, many companies allow you to apply online or over the phone. You can compare quotes easily before choosing a policy.
Most final expense policies pay out quickly—often within a few days—once the insurance company receives a valid death certificate and completed claim form.
No. Most policies have level premiums, meaning your monthly payment stays the same for life.
If you don't have savings set aside for funeral costs or don't want your family burdened with final bills, then final expense insurance can be a good solution.
You'll usually fill out a short application, answer some basic health questions, and choose your coverage amount and beneficiary. That's it!
Still Have Questions?
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