It's a topic no one likes to discuss, but it's an inevitability we all face: funerals are expensive. According to the National Funeral Directors Association, the median cost of a funeral with a viewing and burial was nearly $8,000 in 2024. When you add a cemetery plot and headstone, the total can easily exceed $10,000.
For many families, coming up with that amount of cash suddenly can be a devastating financial burden. Final Expense Insurance (also called burial insurance) is designed to solve exactly this problem.
What is Final Expense Insurance?
It is a type of whole life insurance with a small face value—typically between $5,000 and $25,000. Unlike traditional life insurance, which is meant to replace income, final expense insurance is purely meant to cover end-of-life costs.
Key Features
- Easy Approval: Most policies are "simplified issue," meaning there is no medical exam. You simply answer a few health questions. Some are "guaranteed issue," where you can't be turned down for health reasons at all (though these often have a waiting period).
- Permanent Coverage: As long as you pay the premiums, the policy never expires. The price is locked in and will never go up, even as your health changes.
- Fast Payout: Claims are usually paid quickly—often within days—giving your family the immediate cash they need to pay the funeral home.
Why Not Just Save?
You might think, "I'll just put money in a savings account." While that's a good idea, savings can be depleted by medical emergencies or long-term care costs before you pass away. Insurance guarantees that the money will be there specifically for your final wishes, protected from other creditors.
Give your family the gift of peace of mind. Check final expense rates now.