Final expense insurance is intended to help your loved ones pay for remaining bills you may leave behind after you’re gone. It helps pay for funeral related costs to help ease financial and planning burdens for loved ones. That includes outstanding nursing home costs not covered by Medicare. The exact cost of final expense insurance will vary from person to person because prices are determined by age, gender, health and how much coverage you purchase. Below is a table showing some price estimates. Term First of all, like standard life insurance policies, final expense insurance policies can be issued for the life of the individual or on a termed basis. Final Expense Insurance. This insurance is designed to cover bills that the consumers will face after your death. Final expense life insurance can help protect loved ones from having to pay these costs out of pocket. Premiums for final expense insurance tend to be affordable. Final expense insurance is a life insurance policy used to pay for the costs of funeral services and a burial when the named insured dies. Funerals are expensive and the price continues to rise. Final expense insurance is relatively easy to qualify for since it does not require a medical exam. Final expense insurance pays for your funeral expenses, as well as any debts accumulated at the end of your life. Note: Some insurance policies contain a 2-year contestability period, which may prevent the insurance payout from being expedited. How Much Does Final Expense Insurance Cost? 2 In most cases, a basic funeral service will include a memorial, death certificates for the deceased, and housing the remains. The final expense insurance includes medical bills, funeral expenses, Legal/Probate, and many others. The money may then be used to pay funeral or cremation costs or any other expenses. Final Expense Insurance is a whole life insurance policy that is designed to pay for your final expenses when you die. However, fundamental to all final expense policies are the length of coverage, type of coverage, and the amount that is reimbursed on each policy. How does final expense insurance work? Take a look at my list of the top 5 TODAY and learn how final expense insurance works and how much it costs. Most companies charge roughly $30-$100 per month for a $10,000 final expense policy. Such a policy helps ease the financial burden that can devastate a family when a loved one dies. With a national average funeral cost of $9,135, 1 final expense insurance can make a meaningful difference for your family. The proceeds of your life insurance policy may be paid to your beneficiary in as little as two business days after death. Which final expense company is best for you? Final expense insurance is a whole life insurance policy with a small death benefit specifically marketed to help with the cost of the insured individual’s funeral. In 2017, the cost of the average funeral exceeded $8,700. Burial insurance, also known as funeral or final expense insurance, is a great life insurance option for seniors. Final expense insurance is a different plan type, although some companies will use the term “burial insurance” to refer to final expense. GCU Eternal Advantage is final expense insurance from a life and annuity company with a heart. Even without a plot and headstone, the average funeral costs more than $8,000. Unless these expenses are taken care of with other life insurance or money from your estate, these costs are typically passed on to surviving loved ones. These costs out of pocket may leave behind after you ’ re gone TODAY and learn final. 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