Final Expense

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Understanding Final Expense Insurance

Final Expense Insurance is designed to offer financial support to your loved ones during a challenging time. It covers various costs associated with your passing, such as funeral expenses, medical bills, and other related fees. This type of insurance provides a straightforward and affordable way to ease the financial burden on your family when you are no longer here.

Do I Need Final Expense Insurance If I Already Have Life Insurance?

If you have a permanent life insurance policy, it may already cover your end-of-life expenses. However, if your term life insurance policy expires or is not sufficient to cover all final costs, adding Final Expense Insurance can ensure that your loved ones receive additional support.

Who Should Consider Final Expense Insurance?

Individuals Aged 50 to 80: Those in this age range are generally guaranteed acceptance for Final Expense Insurance, with no medical exam required.
People Without Term Life Insurance: If your term life policy has ended, Final Expense Insurance can help cover your final costs.
Budget-Conscious Individuals: For those who do not have permanent life insurance, Final Expense Insurance offers a simple and economical coverage option.
Savers: This insurance can also help build a cash value that may support your retirement spending.

Cost Breakdown for Funerals (2019 Data from NFDA)

Funeral with Viewing and Burial:

Nondeclinable Basic Services Fee: $2,195
Removal/Transfer of Remains: $350
Embalming: $750
Other Body Preparation: $255
Use of Facilities for Viewing: $425
Use of Facilities for Funeral Ceremony: $500
Hearse: $340
Service Car/Van: $150
Basic Memorial Printed Package: $175
Metal Casket: $2,500
(Vault): $1,495
Total Median Cost (with Vault): $9,135
Total Median Cost (without Vault): $7,640

Funeral with Viewing and Cremation:

Nondeclinable Basic Services Fee: $2,195
Removal/Transfer of Remains: $350
Embalming: $750
Other Body Preparation: $255
Use of Facilities for Viewing: $425
Use of Facilities for Funeral Ceremony: $500
Service Car/Van: $150
Basic Memorial Printed Package: $175
Cremation Fee (Third-Party Crematory): $350
Total Median Cost: $5,150

Final Expense Insurance can provide peace of mind by helping to cover these costs and ensure your family is financially supported during a difficult time.

Final Expense

Understanding Final Expense Insurance

Do I Need Final Expense Insurance If I Already Have Life Insurance?

Who Should Consider Final Expense Insurance?

Cost Breakdown for Funerals (2019 Data from NFDA)

Funeral with Viewing and Burial:

Funeral with Viewing and Cremation:

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