Insurance is a term you will hear in almost every major decision you make — setting up a business, hiring a professional electrician, buying a home, and whatnot. As its name suggests, an insurance policy protects you and assures you that you will not suffer significant losses if a disaster occurs. While it may be an additional expense for some, many see the long-term benefits of carrying out an insurance policy. It acts as a safety net for potential losses and gives a person peace of mind.

Among the many insurance policies you may hear about from providers, one of them is the final expense insurance, which can also be called burial insurance. It refers to a whole life insurance policy that covers your end-of-life expenses after death, including funeral costs. Though most insurance providers offer multiple policies to choose from, some of them, such as on the website,, only offer final expense coverage.

Funerals are one of the biggest costs that people plan for due to the high prices associated with them. Given the many expenses that go into planning a funeral, it is no surprise that several people think about getting final expense coverage. Below, you will find more information on this type of insurance policy.

About Final Expense Insurance

Final expense insurance can be described as a subcategory of life insurance since it usually has a smaller amount intended to cover for end-of-life expenses. Essentially, it can be likened to permanent life insurance, but with a smaller death benefit. Like other policies, the cost can vary significantly based on different factors, though age is usually one of the biggest factors.

The older you are, the larger the premiums will be since companies view it as having more risk on their part. However, the price you pay for premiums will stay the same through time. You can also arrange for your policy to be paid in terms, rather than in one go, to help relieve the financial burden. With that said, it is advisable to decide whether you want to get final expense insurance early on, so you can get lower premiums.

Though final expense insurance is usually used to pay off funeral costs, it is not limited to this expense. It can also cover other things, such as outstanding debts, medical bills, and the like. Since it is a type of life insurance, you can purchase it as a term policy or a whole life policy, which is permanent. When availing of this insurance, you can select a beneficiary, typically a family member or relative, who will be responsible for distributing the benefits.

If you wish to dive deep about your options with final expense insurance, you can try looking for an agent by visiting the site at, or the company nearby to help you. Perhaps you have some apprehensions or concerns about taking out this policy. If that is the case, get in touch with providers who know such types of insurance policies to assist you better in this regard.

Getting Final Expense Insurance

Since final expense insurance is a smaller form of your life insurance, the process of getting it is usually more simplified. If you do not have a term or permanent life insurance policy, but still want to provide some form of help to your family after death, then getting a final expense policy is highly recommended. Since it is easier to get this type of policy, you will typically not need a medical exam or provide access to your medical records to avail of it. However, some providers may offer more affordable policies if you fill out a medical questionnaire.

Now, you may be wondering: Should you avail of final expense insurance or get a permanent life insurance policy instead? Ideally speaking, the regular life insurance policy is much more extensive and will cover more benefits. However, term or permanent life insurance policies usually have larger minimum face amounts. Thus, if you are looking for a more affordable option, then final expense insurance will be a better choice for you.

Ultimately, final expense insurance is an excellent insurance option that can help cover funeral expenses and other final costs. This way, you can be assured that your family members or relatives will not have to bear the financial burden. Given the correlation of premium amounts to your age, it is best to start thinking of life insurance early, so you can get an overall better deal.