Most policies are affordable, often just a few dozen dollars each month. Your premium depends on age, health, and coverage amount, so you can find a plan that fits your budget.

Because coverage amounts are generally modest (often under $50,000), final expense premiums tend to be more affordable than larger life policies. For example, according to Investopedia, a healthy 60-year-old woman might pay between $40 and $60 per month for a $10,000 plan.

One of its key advantages: final expense insurance is often easier to qualify for. Many policies use simplified underwriting or no medical exams, making coverage more accessible to seniors or those with health issues.

Because it is a form of whole life insurance, your coverage can last your entire life as long as premiums are paid. And any cash value the policy accumulates can sometimes be borrowed against or withdrawn (which will reduce the death benefit).

That said, final expense insurance has limits: coverage amounts are lower, and premiums can be proportionally higher relative to the benefit. Some policies also include waiting periods (during which the full benefit may not be paid if death occurs too soon).
Investopedia

Ultimately, final expense insurance is designed to help your family avoid the financial burden of end-of-life expenses when you’re gone. They get to decide how the money can be used.

Most people buy final expense life insurance between the ages of 50 and 85, since this is when end-of-life planning becomes a priority and health issues may make other life insurance harder to qualify for.

However, you do not need to wait. Getting coverage earlier can mean lower premiums and guaranteed protection that lasts a lifetime. Final expense policies are designed to be easy to qualify for, even for seniors in their 70s or 80s, with some insurers offering coverage up to age 90.

And because we work with trusted insurance partners, we can also provide options beyond final expense insurance. These policies cover individuals from ages 0 to 90, so your family can find protection at any stage of life.

No surprises here. As long as your premiums are paid, your monthly cost stays the same for life, even as you get older or if your health changes.

Many final expense policies have simple health questions and/or no exam at all. This makes it easier to qualify, even if you have health concerns.

If you want to make sure your loved ones are not left with the cost of your funeral, medical bills, or small debts, final expense life insurance can be a smart choice. These policies are affordable, easy to qualify for, and designed to give your family quick access to funds when they need it most.

Even if you do not have financial dependents, you can still use final expense coverage to leave a gift to a friend, relative, or cause you care about.

Final expense life insurance benefits are generally paid to your beneficiaries income tax-free, which means the money goes directly to covering funeral costs, medical bills, or other final expenses without added tax burdens.

Since final expense policies are a type of whole life insurance, the payout is designed to provide your family with immediate help at a time they need it most.

Yes. Many people carry more than one life insurance policy to meet different needs.

For example, you may already have group coverage through work or a larger permanent policy, but want a final expense policy to specifically cover funeral costs, medical bills, or small debts.

Having more than one policy can give your family extra protection and flexibility, ensuring no important expenses are left behind.

Some life insurance policies start paying benefits immediately, while others have a 2–3 year waiting period for non-accidental deaths. After that period, your beneficiaries receive the full benefit.

A trusted licensed agent can help you understand which option is right for you.

Through our trusted final expense insurance partner, Security National Life, claims are typically paid within 24–48 hours once all necessary information is received. This usually includes:

• A Death Claimant’s Statement signed by the beneficiary (downloadable form)

• A photocopy of the death certificate

• Any additional documentation that may be required

Paperwork can be returned via fax, mail, or email, helping your family access funds quickly when they need them most.

Yes. Your beneficiaries can use the funds for anything they need, not just funeral costs. This includes medical bills, paying off debts, supporting a loved one’s college tuition, or even giving to a favorite charity or cause.

Essentially, the money can be used for whatever your loved ones feel was most important to them and to honor your wishes. It’s designed to give them flexibility and help them focus on what truly matters during a difficult time.