Final Expense Insurance

Final expense insurance is designed to help your family cover the costs associated with your death. These costs can include funeral expenses like caskets and urns, burial, cremation as well as end-of-life medical expenses. If you do not want to leave your family with the financial burdens of paying for your funeral, a Final Expense Insurance policy is a good thing for you to have.

Is Final Expense Insurance The Same As Life Insurance?

Yes, Final Expense Insurance is a type of life insurance policy that stays in effect as long as you continue to pay your premiums until you die. Your beneficiaries will receive the benefit.

What is the Difference Between Final Expense Insurance and Burial Insurance?

Burial Insurance is to cover the cost of the burial and/or funeral home expenses and nothing more.  Final Expense Insurance covers the cost of burial and/or funeral home expenses plus other final expenses such as court costs for probating a will, current bills or debt and taxes. Be sure to talk to a licensed agent to make sure you clearly understand these differences as it can be confusing.

How Much Is Final Expense Insurance?

The cost of final expense insurance depends on when you purchase it. If you buy it when you’re 50, you’re going to pay much less per month than if wait to buy it when you’re 70.

How Much Coverage is Available?

Final Expense Insurance is typically bought in amounts up to, but rarely exceeding $30,000.

Is Final Expense Insurance Right for You?

With any insurance policy, you should weigh the benefits and costs associated with a policy. The policy is essentially shifting the risk and financial burden from you, or your family members in this case, to the insurance company. Sure, there are other options like prepaying for your funeral, setting aside money in a fund, but Final Expense Insurance is a great option that pays when necessary.

Learn More About Final Expense Insurance

Learn more about Final Expense Insurance, what it covers and what it costs by calling an agent at our office. Our licensed staff will help you understand the benefits and costs associated with the plan you select so you can make the most informed decisions about your policy.