Final Expense Insurance

If you died today, who would pay for your funeral? A morbid, but necessary thought.

A traditional funeral can cost $10,000 - $20,000, so owning a small policy to pay those expenses is a smart idea. If you don't have life insurance, your family would have to incur these costs. Purchasing a life insurance policy that can be used for funeral expenses and noting it in your will ensures that your funeral is financially covered.

Besides “burial expenses,” final expense insurance can also assist in paying off the debt of the deceased, which often times can be a burden to the living family members left behind.

The simplicity of final expense insurance is that there are NO medical exams required. Also, in most cases, the policies more liberally underwritten than other permanent life insurance policies. In fact, the average underwriting time is generally 3-5 business days.

Most final expense insurance policies have a maximum death benefit of $25,000, depending on age factors, though some can be as high as a $50,000 death benefit.

Final expense insurance can be helpful if you are seeking a simple, cost-effective policy to provide burial expenses, plus a little help either paying off debt that your loved one may leave behind, or to help with bills/debt/medical costs that may have accumulated during your loved one’s illness.

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