Final Expense insurance will cover you for life. With final expense insurance, prices are locked and will never increase nor will your policy end. These types of policies are designed to make sure funeral and other end of life expenses are covered.

Final Expense Insurance is also commonly referred to as Final Expense Life Insurance or Senior Life Insurance
 

Final Expense Insurance, also known as Final Expense Life Insurance or Senior Life Insurance, can help protect your family against the growing costs associated with funeral expenses, burials, and final interment.
 

According to the National Funeral Directors Association (NFDA), the median cost of a funeral with viewing and burial in 2021 was $7,848, and costs continue to rise each year. From 2019 to 2021, there was a 13% increase to the median funeral cost.
 

Additional costs, like credit card debt and medical expenses, can also be subsidized through Final Expense Insurance, giving you and your loved ones added peace of mind in the event of your passing.
 

Is Final Expense Life Insurance Right For You?
 

Final Expense Life Insurance can provide additional layers of financial protection to families of seniors, retired individuals, or individuals with underlying or chronic health conditions. Persons between the ages of 50 and 80 are guaranteed coverage with no medical exams or health questions, with rates that cannot be increased during the duration of coverage, provided premiums are consistently paid.
 

The best way to ensure the policy amount paid is spent where intended is to name a beneficiary (and, in some cases, a secondary and tertiary beneficiary) or to place your wishes in a surviving will and testament. It is often a good practice to notify primary beneficiaries of their expected duties once a Final Expense Insurance policy is obtained.