Final expense insurance

Understanding Final Expense Insurance

Final expense insurance is a type of life insurance policy specifically created to cover the costs related to a person’s funeral, burial or cremation, and other end-of-life expenses. Unlike traditional life insurance policies, which often provide a larger death benefit for broader financial protection, final expense insurance is designed to cover the specific costs associated with your final arrangements.

Key Features of Final Expense Insurance:

  1. Affordable Premiums: Final expense insurance policies generally come with lower premiums compared to other forms of life insurance. This affordability makes it accessible to individuals who may have difficulty obtaining or affording other types of coverage.
  2. Simplified Underwriting: Final expense insurance often has simplified underwriting processes, which means that applicants are not subjected to extensive medical exams or complicated underwriting requirements. Applications can generally be submitted over the phone by conducting a brief health assessment. This makes it easier for individuals with pre-existing health conditions or older age to secure coverage.
  3. Permanent Coverage: Final expense insurance policies are permanent, meaning they provide coverage for the insured’s entire lifetime, as long as premiums are paid. This ensures that your loved ones will receive a payout whenever the time comes.
  4. Level premiums: Some final expense life insurance companies offer policies with increasing costs as you get older. We only work with companies that offer level premiums, meaning your coverage stays the same price over time, even as you age or your health changes.

Who is Final Expense Insurance Best Suited For?

  1. Seniors and Older Adults: Final expense insurance is particularly suited for seniors and older adults who want to ensure that their end-of-life expenses, such as funeral costs, medical bills, or outstanding debts, are covered without burdening their loved ones.
  2. Individuals with Limited Financial Resources: If you have limited savings or resources and do not want to leave your family with the financial burden of your final expenses, final expense insurance can provide the necessary funds to cover funeral and burial costs.
  3. Those with Pre-existing Health Conditions: Final expense insurance often offers simplified underwriting, making it a viable option for individuals with pre-existing health conditions who may find it challenging to obtain traditional life insurance coverage.
  4. Individuals Seeking Peace of Mind: If you wish to alleviate the emotional and financial stress on your family during an already difficult time, final expense insurance ensures that your loved ones can focus on honoring your memory instead of worrying about financial obligations.


Final expense insurance offers a practical solution for individuals looking to alleviate the financial burden placed on their loved ones after their passing. With affordable premiums, simplified underwriting, and permanent coverage, it is a viable option for seniors, individuals with limited financial resources, those with pre-existing health conditions, and anyone seeking peace of mind.

When considering final expense insurance, it’s essential to evaluate your specific needs, identify any existing coverage, and consult with a knowledgeable independent broker to ensure you choose the right coverage for your circumstances. By taking proactive steps today, you can provide financial security and peace of mind for your loved ones during a challenging time.