Final expense or guaranteed issue life insurance are policies generally less than $25,000. They are meant to provide liquidity to pay for things like a funeral. There are no medical exams or questions. Everyone can qualify, BUT the policy only pays a death benefit if you die after the second year. If you die in the first two years of the policy, the company only returns your premium plus interest.

Final Expense Insurance – Rates – Warnings

April 18, 2023

What is Final Expense Insurance?

Final Expense or guaranteed issue life insurance policies are generally less than $25,000. They are meant to provide liquidity to pay for “end-of-life” costs (things like your funeral). There are no medical exams or health questions. Everyone can qualify.

BUT the policy only pays a death benefit if you die after the second year.

If you die within the first two years of the policy, the company only returns your premium plus interest.

Compare Final Expense Life Insurance Rates

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Mutual of Omaha
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Americo
Grange Insurance
Prosperity
Sentinel Security Life
Security National Life
United Home Life

First-hand experience with Final Expense Insurance? Whether it was positive or negative, we’d like to hear your story

YOUR FINAL EXPENSES MAY BE HIGHER THAN YOU THINK. ARE YOU COVERED? WHO’S LEFT HOLDING THE BAG?

Did you know that the average funeral costs upwards of $7,000? This can come as quite a shock to your loved ones during an already difficult time.

Final Expense Insurance(also known as Burial Insurance or Funeral Insurance) is designed specifically to help alleviate this burden. Think of it as one less thing for your family to worry about.

Without proper planning and provisions, your final expenses will fall upon whomever is deemed legally responsible for these costs, after you’re gone.

[WARNING!] FINAL EXPENSE INSURANCE (also known as FUNERAL INSURANCE or BURIAL INSURANCE) will NOT be the best solution for you, IF you have financial dependents.

The Bottom Line?

Take the Time to Shop Around!

Not to be confused with a Life Insurance policy, designed to help support your financial dependents after your passing; Final Expense Insurance is designed ONLY TO COVER “end-of-life” (funeral, burial, and —in some cases— medical) costs.

As such, it may not be adequate coverage for your needs.

It is very important to take your specific needs into consideration. We can help you determine the best fit for you— based on your goals, your individual circumstances, and your budget.

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How Much Life Insurance Coverage Do I Need?

You should have enough coverage to pay off your debts, replace your lost income, and provide enough money to take care of your loved ones. Some people also add in the cost of funeral services.