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Final Expense Insurance

Life Insurance designed to cover funeral costs, medical bills and any other expenses.

Simple approval options and no medical exam required for many plans. It's peace of mind for you and your loved ones.

Why families need coverage

Average U.S. Funeral Cost
$7,848

*Amount based on NFDA national median cost of a funeral. nfda.org

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Final Expense Insurance Plans

Select any plan to see full benefits and contact information.

  • Payout Up to $50,000
  • Plan Effective Immediately
  • Full Benefit Day 1

Agents Available 8am – 6pm CT

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  • Payout Up to $30,000
  • Medical Conditions Allowed
  • Partial Payout First Year

Agents Available 8am – 6pm CT

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  • No Medical Exams
  • Accepts Pre-Existing Conditions
  • Return of Premium

Agents Available 8am – 6pm CT

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What Are the Basics?

Average Funeral Cost

$7,848

*NFDA national median cost. nfda.org

Without coverage, this expense falls entirely to surviving family members.

FAQ

Common Questions

Answers to the most important questions we hear from families considering final expense coverage.

Final expense insurance is a small life insurance policy designed to cover end-of-life costs. Beneficiaries typically use the benefit for funeral expenses, medical bills, or minor debts. It takes the burden off those left behind.

Commonly approved medical conditions for a graded benefit plan. Diabetes, high blood pressure, heart disease, COPD or chronic bronchitis are generally accepted. Certain cancers, heart attack or recent hospitalization can be considered approval.

Simplified plans have stricter approval guidelines than Graded plans. Simplified payouts start day 1, while Graded typically has a waiting period of 2 – 3 years. Because people are typically healthier with Simplified, the monthly premiums are generally lower than Graded.

The policyholder doesn’t have to designate a family member as the beneficiary. In fact, any person or entity can receive the payout. Many people chose to have a funeral home or trust listed as the beneficiary to simplify the process.

If the policyholder dies before the waiting period expires, many insurance companies will return the money paid in premiums instead of paying the full death benefit.
Side by Side

Understanding the Difference

The right plan depends on your current health situation.

1. Waiting Period / Benefit Vesting

The insured must survive the waiting period for their family to receive the full intended coverage.

  • Simplified Issue: No waiting period — full benefit from day one
  • Graded Benefit: Partial benefit in early years, full benefit after graded period
  • Guaranteed Issue: Waiting period applies before full death benefit is paid
  • All plans return premiums + interest if death occurs during any waiting period

2. Premium Cost

Two people of the same age buying the same coverage amount can pay very different premiums depending on health.

  • Simplified Issue: Lowest premiums for those who qualify
  • Graded Benefit: Moderate premiums — higher than simplified, lower than guaranteed
  • Guaranteed Issue: Highest premiums due to acceptance of all health conditions
  • All premiums are level — they never increase for the life of the policy

3. Coverage Amount Limits

Someone with serious medical conditions may qualify for enough coverage to pay the funeral costs.

  • Simplified Issue: Often between $35k - $50k
  • Graded Benefit: Usually capped slightly lower $25k-$30k
  • Guaranteed Benefit: Generally $10k - $25k

4. Medical Qualifications & Health Questions

Health status determines which tier they qualify for which effects price, waiting period and maximum coverage.

  • Simplified Issue: Answering health questions about cancer, heart disease, COPD
  • Graded Benefit: Applicants may qualify even with controlled or past conditions
  • Guaranteed Issue: No medical questions or exams
In Practice

Real Life Scenarios

How different situations affect coverage options and considerations.

01

Real Life Scenario

57-year-old with a mild heart condition looking to leave his only child enough money to cover funeral expenses, with hopes of having some left over.

  • Considerations

    Is the heart condition controlled by medication with no recent events? Or has there been a recent heart attack or hospitalization requiring procedures.

  • Expectations

    This individual would likely qualify for a Graded Benefit and a coverage amount able to cover the average funeral expense with money left over. The more he can afford in monthly premiums the higher the payout.

  • Impact on Benefits

    How well the condition is controlled and medications, if any, required to control the condition will determine the cost of monthly premiums in order to receive a benefit able to cover the funeral.

02

Real Life Scenario

68-year-old woman in good health wanting to ensure her husband of 40 years won't face financial hardship following her passing.

  • Considerations

    Being in good health is a big advantage to qualifying for a Simplified plan. It’s possible she will qualify for preferred rates and able to increase the coverage amount paid to her husband.

  • Expectations

    Very likely approved at full benefits. Fast process with few health questions and no exam. Premiums will be higher than younger applicants but payout should be immediate with a Simplified plan.

  • Impact on Benefits

    The primary impact would be affordability of monthly premiums. Saving money on premiums would limit the total payout and reduce the ability to replace income or pay down expenses other than funeral.

03

Real Life Scenario

74-year-old with Type 2 diabetes and COPD who was previously denied traditional life insurance and needs guaranteed acceptance.

  • Considerations

    Health conditions almost certainly rule out Simplified and Graded plan options. Guaranteed Issue might not provide the best option for payout, but it does guarantee coverage. Coverage limits will likely only pay for funeral expenses.

  • Expectations

    Guaranteed Issue means a waiting period of between 2 and 3 years. No underwriting stress, no medical records and fast issue of the policy.

  • Impact on Benefits

    Death before the waiting period expires, the beneficiary receives a return of premiums paid plus interest. It’s not likely enough to cover funeral costs.

Advertising Disclosure

This website is designed to help users make confident decisions about final expense insurance products. While the information is reviewed and updated regularly, it is not intended to be legal or professional advice. Site visitors should not rely solely on the information on this site to make financial decisions. Any company listed on this site should not imply an endorsement. The website owner may be compensated for the content on the site.