Final Expense
Final Expense
A small whole-life policy designed to cover funeral and end-of-life costs.
What it is
Final expense is a smaller permanent life policy — typically $5,000 to $50,000 — built to handle funeral, burial, and other end-of-life expenses so loved ones don't carry that burden. Underwriting is simplified and most applicants qualify regardless of age or health.
Who it’s for
Adults (often 50-85) who want to lock in coverage that takes care of final expenses, regardless of health history.
What you get
- Coverage usually $5,000 - $50,000
- Whole-life — won't expire if premiums are paid
- Simplified underwriting; many policies have no medical exam
- Locked-in premiums that don't increase with age
Common questions
Will I be turned down for health reasons?
Most final expense policies are designed for people with health issues. Some carriers offer guaranteed-issue plans with no medical questions, though those typically have a 2-year graded death benefit.
How is this different from term life?
Term ends after a set period and is meant to replace lost income during your earning years. Final expense is permanent and sized to specifically cover funeral and burial costs — usually selected later in life.
Not sure if Final Expense is the fit?
Take a minute to tell us what you’re trying to do, and we’ll point you to the product (or combination) that makes sense.