Final Expense Insurance

Final expense insurance is a type of whole life insurance designed to cover medical bills and funeral expenses when you pass. A final expense policy is also known as burial or funeral insurance and is popular with seniors.

Most final expense plans have these features:

• Whole life insurance – no expiration if premiums are paid
• Cash value – insured may be able to take out a policy loan
• Fixed premiums as long as they’re paid
• Simplified issue – usually no medical exam is required, just health questions on the application
• Easy application process
• Fast approvals – coverage can often be issued in days
• Affordable rates 

According to the National Funeral Directors Association, the median cost of a funeral can be over $9,000. With no way to pay for these expenses, surviving loved ones often experience a financial burden during a time of intense grief.

Many of us have experienced the death of a loved one and remember how stressful it was to juggle our grief, the funeral planning, and the financial obligations we had. The thought of our spouse or children going through the same experience is unbearable.

• So how can final expense life insurance help?
• What can we do to protect our families from this financial burden?
• How can we make sure they aren’t left with a pile of bills when we pass?

Final expense for seniors is a smart and compassionate insurance solution for seniors looking to protect their loved ones from rising funeral costs. It’s typically easy to qualify because it’s issued based on answers to health questions. In many cases, you don’t need to take a medical exam.