Final Expense

Crafting Legacies, Empowering Lives

What Is Final Expense Life Insurance?

Final expense is a smaller permanent life insurance policy typically intended to help older adults cover funeral costs and other end-of-life expenses.


Also sometimes called “funeral insurance” or “burial insurance,” final expense life insurance typically provides a guaranteed payout to help loved ones pay for a funeral service, burial or cremation, doctor or hospital bills, or other immediate expenses after a death. Like other types of permanent insurance, final expense insurance will never expire as long as you keep up with your premiums.


Since coverage amounts are lower than other types of life insurance, like term or permanent insurance, the premiums for a final expense policy tend to be affordable. Coverage amounts can range from a few thousand dollars up to $40,000, in some cases.

Final expense insurance is easy to qualify for, with no medical exam required. As long as you fall between the age limits of 50 to 85 years old, you can often get approved for a policy within days.

What Can Final Expense Cover?

Curious about the purpose of final expense life insurance? The definition of final expense includes any policy meant to help ease the financial burdens of your final send-off.


As an older adult, many of life’s biggest expenses are behind you, like paying off a mortgage or saving for a child’s college tuition. But there’s still one big expense to plan for: your funeral. The average funeral costs more than $9,000 today, burdening loved ones financially while they’re already grieving.

Final Expense Can Help

  • A funeral service
  • Burial or cremation
  • A post-funeral gathering
  • Flowers, music, obituary, or other funeral arrangements
  • Medical Bills
  • Nursing home or other residential care
  • A nest egg for a child or grandchild’s future
  • A special trip
  • A donation to a charity that’s meaningful to you or the deceased
Share by: