Final Expense F.A.Q.

Final Expense Answers

This section provides the most frequently asked questions you may have surrounding death, burial, and final expense insurance.

Final expense insurance is a form of term life insurance that provides the policy holder with a pre-determined amount of money upon their death. Also referred to as burial insurance, it is designed to be a low-cost alternative to life insurance that is easier to qualify for and carries cheaper monthly premiums. These types of policies are designed to cover the major costs of funeral services and products.

Funeral Insurance is the same thing as final expense insurance. It is a different name for the exact same product and is also often referred to as burial insurance.

Final expense insurance is necessary if you do not have any other form of life insurance. Final expense insurance is a reasonable substitute to term or whole life insurance. It is a great tool for those who cannot afford life insurance or who have been turned down for a life insurance policy. According to 2016 statistics from, the average cost of a funeral is around $8,000-12,000. Final expense insurance offers relief for these high cost on funerals.

Your policy will be valued on the type of funeral service you expect to have. You might need a large service that that accommodates tons of friends and family. Or you might want a service that is simple and small. Larger policies have a larger monthly premium but give more money to the beneficiaries when the policy is paid out.

If you’re the holder of a final expense policy and you pass away, your beneficiaries may use the funds in any way they see fit. Typically, funds are used to pay for burial services and products, but can also help cover the cost of loans, vacations expenses, or any form of debt or bill.

Applying for a final expense quote is simple. We will help you find a policy that fits your needs and provide you with a free quote. We will compare rates between companies to save you time and hassle. Once you have decided on the best policy for you (all people and policies are different), you can decide if you would like to move forward and purchase final expense insurance or not.

Once you buy a final expense (burial insurance) policy, your premiums will remain the same until it is paid in full. Your policy and premiums are issued based on your current age and health. It will not change or increase as you get older or if you get sick or injured. There are certain payout restrictions, however, and if you pass away before a certain amount of time you may not receive 100% of your policy.

Final Expense Quotes at Your Fingertips

You reached the end of Final Expense FAQ!

Up Next

Final Expense Basics