Coverage Options
What final expense insurance is
Final expense insurance is a type of whole life insurance with a smaller coverage amount. Families often use it for funeral costs, final medical bills, or other expenses.
Key terms
Coverage amount
The money paid when the insured person passes away. Our online quote shows amounts from $5,000 to $25,000.
Beneficiary
The person you choose to receive the coverage amount. They decide how to use it.
Monthly payment
The amount you pay to keep the policy active.
The three types you may see
Which type you can get depends on your health answers. Your quote shows which type each option is.
| Type | Health questions | Waiting period | How it works |
|---|---|---|---|
| Level benefit | Yes | None | The full coverage amount is available from the day the policy starts. |
| Graded benefit | Yes | Yes | 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 | None to qualify | Yes | 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. |
Each insurance company writes its own terms. Before you apply, your agent will go over the details of the plan you choose.
What affects the price
These are the details our quote asks about.
- Age
- Sex
- Tobacco or nicotine use
- Health history
- Height and weight
- The coverage amount you choose
Good to know
Is the price on my quote the final price?
No. The prices on our website are estimates based on the insurance companies’ published Ohio rates and your answers. The insurance company sets the final price and decides on your application after its review.
Can I get a different coverage amount?
Our online quote shows estimates for coverage from $5,000 to $25,000. If you would like a different amount, ask us.
Are the terms the same with every insurance company?
No. Each insurance company writes its own terms. Before you apply, your agent will go over the details of the plan you choose.