Final expense life insurance is a type of whole life insurance designed to help cover funeral costs, medical bills, and other end-of-life expenses. It provides a tax-free payout to your beneficiary when you pass away.

It’s commonly for people who want an affordable policy to help protect their family from the cost of:

• Funeral and burial/cremation

• Medical bills

• Credit cards or small debts

• Other final expenses

Most final expense policies range from $5,000 to $25,000, though some people choose more depending on their needs and budget.

Your monthly cost depends on factors like age, health, tobacco use, and coverage amount. Many people can find options that fit a wide range of budgets. We’ll help you compare plans and find the best value for what you qualify for.

In many cases, no. Many final expense plans offer no medical exam and use a short set of health questions instead. Some options may be available with simplified approval depending on your situation.

Some people can get a decision the same day, and coverage can often start quickly once your application is approved and the first payment is made.

Most final expense policies have level premiums, meaning your monthly price typically stays the same for the life of the policy as long as payments are made on time.

It depends on the company and your health history. Many carriers offer different approval levels. If you have health concerns, we’ll help you look at options that may still be available.

In most cases, life insurance benefits are paid to beneficiaries income tax-free. (If you have specific tax questions, it’s always smart to speak with a tax professional.)

A beneficiary is the person (or people) who receives the payout. Many people choose a spouse, child, or trusted family member. You can usually update your beneficiary later if your situation changes.