Don't let your love ones struggle after you're gone. Get life insurance.
Final expense is a smaller permanent life insurance policy. Also sometimes called “funeral insurance” or “burial insurance,” final expense life insurance typically provides a guaranteed payout to help loved ones pay for a funeral service, burial or cremation, doctor or hospital bills, or other immediate expenses after a death. Like other types of permanent insurance, final expense insurance will never expire as long as you keep up with your premiums.
Since coverage amounts are lower than other types of life insurance, like term or permanent insurance, the premiums for a final expense policy tend to be affordable. Coverage amounts can range from a few thousand dollars up to $35,000, in some cases.
Final expense insurance is easy to qualify for, with no medical exam required. As long as you fall between the age limits of 50 to 85 years old, you can often get approved for a policy within days.
Final expense insurance can help.
Final expense insurance can help. The payout comes with no strings attached, so your family can use it to pay for:
- A funeral service
- Burial
- A post-funeral gathering
- Flowers, music, obituary, or other funeral arrangements
- Medical Bills
- Nursing home or other residential care
- A nest egg for a child or grandchild’s future
- A special trip
- A donation to a charity that’s meaningful to you or the deceased
At One Less Worry, we offer a quoting service that can provide you with a personalized insurance policy without you ever having to leave your home. We care for everything, from finding the right provider to customizing your coverage to fit your needs. Get a quote from One Less Worry today.
Common Questions
Who qualifies for final expense insurance?
Final expense insurance is a life insurance policy with lower death benefits, usually intended to cover final expenses and burial costs. Also known as burial insurance or funeral insurance, it's designed for older adults who are ready to make end-of-life plans, typically age 50 and older.
Does Final Expense Have a Cash Value?
Final expense insurance does allow for a cash value to build because it's a form of a whole life insurance policy. However, the savings must accrue, and there are some things to remember when you want to borrow against the cash value.
Pre-paid Funeral vs. Final Expanse. Which is better?
If you cancel your plans or if the funeral home goes out of business, you may not be able to get your money back. In addition, pre-paid funerals typically need to be used within a certain time frame, so if you die unexpectedly, your family may be unable to use the plans you have made. If they no longer make that casket that you pick out, the family will need to pick a different one which may cost more. Plus, your family may have to pay the difference if the cost goes up.
Is cremation covered with final expense insurance?
In most cases, the death benefit from a final expense policy will cover traditional burial costs. This can include the cost of a casket, funeral service, and cemetery plot. However, checking whether your final expense insurance policy covers cremation is important.
Benefits
Why work with One Less Worry?
Our Principles
We use the The New Generation Retirement® system which is based on our three core principles – Fiduciary, Transparency, and Technology
Personalized Service
We don't just support our customers, we go the extra mile, don't be surprised if you get a birthday card in the mail after you work with us.
Key Partnerships
Our network of carriers and partners across all 50 states means that you'll be getting the best programs for you and your family.
Experienced Team
When you work with us, you get a team which includes CFA's, CPA's and CFP's that has been helping folks plan their retirement for more than 15 years.
Testimonials
Delivering results to our happy customers is our number 1 priority
"The benefits and the dividends will pay long into the future and long after I'm gone."
Robbie
Client since 2019
Thank you so much for your help and guidance. I finally have some peace of mind, now that we've gone over my pension, and feel like I'm way more educated and ready to take on retirement planning and anything else you recommend — thanks again!
Michael
Client since 2023
When my husband developed a chronic condition that put him out of work, we were quite literally saved by the living benefits policy that Danny helped us set up — we are forever grateful to him and his team!
Rachel & Thomas
Client since 2019
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