Final expense coverage, explained clearly

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What is final expense insurance?

Final expense insurance is a smaller whole life policy meant to help with funeral, burial or cremation costs, and final bills.

When the insured person passes away, the insurance company pays the benefit to the person they chose, called the beneficiary.

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Why families choose it

Funeral costs and final bills often come due at a hard time. A policy gives your beneficiary money toward those costs, so your family doesn’t have to cover them alone.

The beneficiary decides how to use the money.

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Three types of plans

• Level benefit The full coverage amount is available from the day the policy starts.
• Graded benefit This plan has a waiting period. During it, a death from illness pays a reduced amount or a refund of payments. Your agent will explain the exact terms.
• Guaranteed issue No health questions to qualify. This plan has a waiting period before the full amount is paid for a death from illness. Your agent will explain the exact terms.

Which type you can get depends on your health answers. Your quote shows which type each option is.

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Choose an amount that fits your budget

Our quote tool shows coverage amounts from $5,000 to $25,000. You choose the amount and see estimated monthly payments right away.

A policy may not cover every cost. The insurance company sets the final price after it reviews your application.