Final Expense Insurance, also called burial insurance or funeral insurance, is a whole life insurance policy with a smaller death benefit (typically $5,000-$50,000) designed to cover end-of-life costs. This ensures your loved ones won’t face financial burden during an already difficult time.
Key Benefits
- Coverage from $5,000 to $50,000
- Guaranteed acceptance options available
- No medical exam required
- Fixed premiums that never increase
- Coverage for ages 50-85+
- Cash value accumulation
- Quick payout to beneficiaries
- Can be used for any purpose
What Does Final Expense Insurance Cover?
Your beneficiaries can use the death benefit for:
- Funeral service and ceremony costs
- Burial plot or cremation expenses
- Casket or urn
- Headstone or memorial marker
- Outstanding medical bills
- Credit card debt or personal loans
- Any other final expenses
Why Veterans Choose Final Expense Insurance
Even with VA burial benefits, gaps in coverage can leave families with unexpected costs. Final Expense Insurance fills those gaps and provides additional financial support.
Average Final Expense Costs
- Funeral Service: $6,000 – $15,000
- Burial Plot: $1,000 – $4,000
- Casket: $2,000 – $10,000
- Headstone: $1,000 – $3,000
- Total Average: $10,000 – $32,000