Final Expense Whole Life Insurance
This simple, affordable life insurance is designed to cover expenses like medical bills, credit card debt, and funeral costs, and can help protect your loved ones from future financial burdens. If you’re aged 45-75, you can’t be turned down for health reasons—in fact, with Final Expense Life Insurance your acceptance is guaranteed.
Rates as low as $10/month *
No medical exam or health questions
* $10/month rate is for a 45 year-old female seeking $2,500 in coverage.
Probably the largest 'final expense' will be your funeral & burial arrangements. However, final expense life insurance may also provide funds for:
Nursing home/home health expenses
Past due accounts
How Much Final Expense Insurance Do I Need?
When planning for final expenses, it is important to remember that funeral and burial costs are on the rise. Over the past 25 years, funeral costs have consistently increased.
The average funeral cost today is $8,343 (1)
Additional fees for cemetery, monument, flowers, & obituaries can increase this cost to nearly $10,000 (2)
Considering the average costs over the past 40 years and projecting out at 5% inflation per year, by 2030 the cost would be $18,276 (3)
The Social Security Death Benefit only provides a lump sum benefit of $255 for those who qualify (4)
(1) Source: 2010 National Funeral Directors Association General Price List Survey.
(3) Does not include cemetery costs.
(4) Source: Social Security Rules & Regulations 404.390