Help Protect Your Loved Ones From the Cost of Final Expenses

Final expense insurance is a type of life insurance commonly purchased to help provide funds for costs that may remain after someone passes away, such as funeral or burial expenses, medical bills, or other debts. Benefits are paid to the beneficiary named in the policy, according to the policy's terms.

The terms burial insurance, funeral expense insurance, and final expense life insurance are often used to describe similar types of coverage. Product names, features, and benefit amounts vary by insurance company and state, so it's important to review the actual policy details.

The amount people consider depends on the expenses they'd like to help cover and their budget. A licensed insurance agent can help you think through funeral and burial estimates, outstanding obligations, and what benefit amount may make sense for you.

Underwriting requirements vary by insurance company and product. Some policies ask health questions, and some may request additional information or records. A licensed agent can explain the requirements for the specific products available to you.

Costs vary based on factors such as the benefit amount, your age, your health information, tobacco use, the insurance company, and your state. Because pricing is individual, we don't publish rates — a licensed agent can review your information and go over available options.

Some products are designed with people who have certain health conditions in mind, but eligibility, waiting periods, and benefit terms differ by insurer and product. Not all applicants will qualify. A licensed agent can review the options and underwriting requirements with you.

The benefit is paid to the beneficiary or beneficiaries you name on the policy. Your beneficiary generally decides how to use the funds, which is why many people discuss their wishes with the person they name.