Take the burden off of your loved ones. Final expense insurance can help.

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Put Your Mind At Ease With Final Expense Insurance

Our goal is to help Americans get the peace of mind that they deserve to live worry-free. We’ve partnered with final expense companies that offer plans that will leave Americans feeling confident through difficult times. Individuals can compare final expense plans with ease and select the plan that is most suitable for their needs and budget. We know that final expense insurance can be complicated. That’s why we’ve made it easy.

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It’s Affordable and Easy

3 Step Process for Final Expense Insurance

1. Call & Speak With An Agent

2. Compare & Decide On a Plan

3. Confirm Your Plan Over The Phone

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Featured Final Expense Insurance Companies

SelectQuote provides consumers with the resources to compare final expense and burial insurance plans from highly rated insurance companies. SelectQuote understands the ins and outs of final expense insurance and can help you find the most suitable coverage for you and your family.

With SelectQuote, consumers have a greater selection of plans to choose from and their services are free. When you utilize SelectQuote’s services, you do not pay the company anything to find you the best quotes. The organization relies on commissions and fees from their providers.

SelectQuote works with AM Best rated companies with A- and A+ ratings. Save time searching for individual quotes online, and allow a SelectQuote agent to find the perfect plan for you.

Call Now 1-833-648-1169

EverQuote provides a new shopping experience for consumers looking to purchase final expense insurance. Find information on the EverQuote website or get on the phone with an agent that can help compare multiple policies at the same time.

EverQuote aims to be one of the largest companies that works to connect consumers with insurance providers. The company has partnered with some of the best known insurance companies in the United States including Progressive, Nationwide, Liberty Mutual, National General, Farmers Insurance, and more.

To get a quote, consumers can speak to an insurance agent over the phone and browse plans online.

Call Now 1-855-277-8299

Final Expense Plan Details From Top Insurance Companies

Aetna is a leader in the health insurance industry that offers competitive premium rates. With more than 30 years in the senior market, Aetna serves consumers with the help of over 30, 000 licensed agents. The company is rated “A” Excellent by A.M. Best Company for financial strength.

When purchasing final expense insurance from Aetna, you can expect coverage amounts that range from $3000 to $35,000 depending on your age at the time of purchase. If you are between the ages of 45 to 89, you are eligible to obtain a final expense insurance policy from Aetna.

Aetna Benefit Plans for Final Expense Insurance

Level Plan
  • Receive full benefit immediately
  • Ages 60-65: maximum benefit of $35k
  • Ages 66-80: maximum benefit of $25k
  • Ages 81-85: maximum benefit of $15k
  • Ages 86-89: maximum benefit of $10k
Graded Plan
  • Receive full benefit immediately for accidental death
  • For non accidental death receive 40% in year 1, 75% in year 2 and full benefit in year 3
  • Ages 60-65: maximum benefit of $35k
  • Ages 66-80: maximum benefit of $25k
Modified Plan
  • Receive full benefit immediately for accidental death
  • For non-accidental death receive ROP plus 10% in year 1, and receive full death benefit in year 3
  • Ages 60-65: maximum benefit of $35k
  • Ages 66-75: maximum benefit

Transamerica was founded under the Bank of Italy in 1904 in San Francisco and has since become a well-known brand in the insurance industry. The company promotes forward thinking and seeks to make a difference by connecting ideas around wealth and health through educational resources and developing relationships with organizations with similar goals.

Transamerica differs from other companies in that it provides three different options when it comes to final expense insurance. All three plans require the consumer to answer simple health questions, and have a maturity age of 121 years.

Immediate Solution
  • Death benefit available in all states
  • Full amount available immediately
  • Ages 0-55: $50k
  • Ages 56-65: $40k
  • Ages 66-75: $30k
  • Ages 76-85: $25k
  • No exam required to be approved
  • Policy maturity: 121 years
  • Available in all 50 states
10-Pay Solution
  • Death benefit available in all states
  • Full amount available immediately
  • Premium payable for 10 years
  • No exam required to be approved
  • Policy maturity: 121 years
  • Available in all 50 states
Easy Solution (Graded Death Benefit)
  • Maximum death benefit: $25k
  • Only available for ages 50-75 in New York
  • During first 2 years, death benefit is based on face amount of accidental death or limited to 110% of sum of premiums paid minus loan balance
  • After 2 years, death benefit is based on face amount minus the loan balance
  • No exam required to be approved
  • Policy maturity: 121 years
  • Available in all 50 states

State Farm was founded in 1922 and services 83 million policies across the United States with the help of 58,000 employees and 19,000 independent contractors. State Farm strives to help consumers deal with everyday risks and the unexpected circumstances that they face throughout life. After almost 100 years, State Farm has proven itself to be an industry leader and continues to grow.

While State Farm is best known for its auto insurance policies, the company offers a variety of insurance policies. When it comes to final expense insurance, State Farm offers flexible payment options and also provides 24/7 support. If you live in New York or Wisconsin, coverage is available through State Farm Life and Accident Assurance Company. Across the remaining states, coverage is available through State Farm Life Insurance Company.

Final Expense Insurance
  • Eligible ages: 50-80 and 50-75 in New York
  • No exam required to be approved
  • Death benefit size: $10k
  • No waiting period
  • Policy maturity varies by state
  • Available in 49 states, excluding Massachusetts

What You Need To Know

The Different Plan Types

With so many different options, understanding the differences between insurance policy options can be difficult. We’re here to help you make sense of it all.

Final expense insurance is a policy that is purchased from an insurance company. Oftentimes, “final expense insurance” may also be referred to as “burial insurance”. Beneficiaries under this policy will receive flexible payouts that are used to cover final arrangements for an individual. These benefits can be used at any funeral home and all terms are established beforehand. The payout can be used to cover anything ranging from funeral costs, transportation and even medical expenses that have gone unpaid.

Pre-need plans on the other hand are tied to a specific funeral home and are pre-paid. Services in the agreement are guaranteed to be covered by the funeral home. Any additional arrangements or requests that are to be made for the funeral must be done so by the beneficiary.

How Does Final Expense Insurance Work?

Final expense insurance which is also sometimes referred to as burial insurance, covers the cost of funerals and burials. One major difference between a pre-need plan and final expense insurance is that final expense insurance can provide coverage for outstanding debt, probate fees and other expenses. Final expense insurance can either be a term policy or a whole life policy.

Quick Facts About Final Expense Insurance

Selecting a Beneficiary

When you enrol in a final expense insurance policy, you have the ability to select a beneficiary. This beneficiary will be given instructions that are left by you that outline how the funds should be allocated. However, the beneficiary has the final word. As a result, selecting a beneficiary that is trustworthy and reliable is important. The beneficiary should be someone who has your family’s best interest in mind. Often, individuals choose a relative or spouse and someone who would benefit from acting as the beneficiary.

The Waiting Period

Generally, final expense insurance policies immediately provide benefits. In most cases, an application must be completed and approved and the first premium must be paid. To verify the start of your benefits, you can check the paperwork to see the effective date. However, for those that have a graded benefit plan, only partial benefits are available at the beginning. After the agreed upon time period, access to all benefits will be available.

You may be wondering what the difference is between a graded benefit insurance policy and final expense insurance. A graded benefit insurance policy is one that reduces the cost of policies for those that are not as healthy but still wish to have guaranteed coverage. A graded benefit policy offers fewer funds within the first few years of coverage. After a few years, the death benefit increases and a greater amount of funds becomes available.

Funeral Costs: What Can I Expect?

The average funeral cost in North America ranges from $6000 to $10, 000. The National Funeral Directors Association has calculated the median costs for both funerals with burials and those with cremations. According to the National Funeral Directors Association, the median cost of a funeral with a viewing and burial in 2019 was $7640. Whereas, the median cost of a funeral with a viewing and cremation service was $5150. Depending on whether the funeral consists of a burial or cremation, costs will differ.

For a funeral with burial, the calculated median cost does not include charges pertaining to the cemetery, monument, flowers or an obituary. However, it does include costs such as basic services, removal or transfer of the body to the funeral home, embalming, carketing, cosmetology, dressing, grooming, metal casket, viewing facility rental, ceremony space rental, hearse usage, and printed items to hand out at the funeral.

The National Funeral Directors Association has broken down and disclosed the following median funeral, viewing and burial costs for an adult in 2019:

2019 Median Cost of Adult Funeral in the U.S. (Viewing & Burial)

Item Cost in 2019
Mandatory basic service fee $2195
Removal or transfer of body to funeral home $350
Embalming $750
Body preparation $255
Viewing facility costs $425
Funeral facility costs $500
Hearse $340
Cost for service vehicle $150
Printed handouts $175
Metal casket $2500
Vault $1495

For a funeral with viewing and cremation, the calculated median cost does not include charges pertaining to the cremation casket, rental casket or cremation container and other costs. However, it does include costs such as basic services, removal or transfer of the body to the funeral home, embalming, preparation of the body, viewing facility rental, ceremony space rental, service car usage, printed handouts and the cremation fee.

The National Funeral Directors Association has broken down and disclosed the following median funeral, viewing and cremation costs for an adult in 2019:

2019 Median Cost of Adult Funeral in the U.S. (Viewing & Cremation)

Item Cost in 2019
Mandatory basic service fee $2195
Removal or transfer of body to funeral home $350
Embalming $750
Body preparation $255
Viewing facility costs $425
Funeral facility costs $500
Hearse $340
Cost for service vehicle $150
Printed handouts $175
Cremation Fee $350
Cremation Casket $1200
Urn $295

FAQ

What is Final Expense Insurance?

Final expense insurance also known as burial insurance allows you to plan for strenuous situations that you face at the end of your life. It protects your family by providing them with funds to pay off any final expenses. A plan may cover anything from the cost of a casket, hearse, headstone, memorial service, basic funeral services and more.

Benefits of Final Expense Insurance

There are many benefits of applying for final expense insurance such as being able to:

  • Choose a funeral home of your choice
  • Choose a ceremony of your choice
  • Make funeral home payments directly
  • Protect your family from financial burden
  • Allow your family to focus on healing

How Does Final Expense Insurance Work?

A final expense insurance plan is generally designed for individuals that are between the ages of 50 and 80. Regardless of health, individuals are approved for this type of insurance. Unlike other types of life insurance, a medical exam is not required. Individuals pay based on age and the type of coverage.

To obtain the funds when needed, a policy beneficiary is assigned. The beneficiary obtains the proceeds at the time of the owner’s death and is expected to make necessary payments.

Policies can either be term or permanent. A term policy allows for coverage over a set period of time, whereas permanent policies do not expire.

Is Final Expense Insurance For Everyone?

Depending on any existing life insurance policies that you may be enrolled in, final expense insurance may be for you. Those who are enrolled in life insurance plans that expect to live past the terms of agreement should consider final expense insurance.

Simply put, if you do not want to leave your family with financial burden during an emotional time, final expense insurance can help.

You may consider final expense insurance if you fall under one of the following categories:

  • Elderly that does not have a current insurance policy
  • Individual having difficulty enrolling in life insurance
  • Individual that cannot afford life insurance policies
  • Individual that does not wish to burden their family
  • Individual that expects high funeral costs

Start comparing plans today!

Call 1-888-302-1347 to speak to a final expense insurance agent