Affordable Life Insurance Protection for Your Family

Final Expense Insurance for Parents

Are You Looking to Purchase Life Insurance on Your Parents to Cover the Cost of Their Final Expenses?

Final Expense Insurance for Parents

If so, you’ve come to the right place.

Today, if is quicker and easier than ever before to get coverage for your parents to help with the cost of their funeral and burial.

According to a study on behalf of the National Funeral Directors Association, the average cost of a funeral in the US is more than $8,000.

This figure includes related expenses such as a burial plot, headstone, memorial service, casket, etc.

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How to Buy Final Expense Policy for Your Parents?

In order to purchase life insurance on someone else, you must have an insurable interest in the person or persons you want to insure, and their permission.

However, some insurers may not require the permission of the insured person.

How Do I Get Started?

Simply request your free life insurance quote.

What is Insurable Interest?

It means you either rely on the person for financial support of some kind, or that person’s passing would cost you money – for example, if your parents don’t have enough money saved, you would likely be the one responsible for paying for the cost of their funeral and burial expenses.

So, you do have an insurable interest on both of your parents.


Insurable Interest Exists Between You and Your: 

  • Spouse or Partner
  • Siblings
  • Parents
  • Grandparents
  • Business Partners
  • Family Members


What is Final Expense Life Insurance?

It’s a type of permanent life insurance plan that provides guaranteed lifetime protection with premiums that never increase, and an amount of life insurance that never decreases. 

In addition, the insurance policy will build up some cash value over time, from which the owner of the policy may take a loan, if needed.

The proceeds of the policy are paid out to the beneficiary, (you) upon the passing of the insured person(s) your parent, or parents. 

You can use the proceeds from the insurance to pay for the cost of your parent(s) burial, funeral and related expenses. You may use any proceeds as you wish.

So, when you purchase the insurance policies you are the owner of the policy and you select the beneficiary.

You would want to name yourself as the beneficiary, and you would receive the death benefit proceeds from the final expense policies upon the death of each of your parents.

Your parents are named as the insureds of the two life insurance policies you are purchasing – one for each of them.


How Much Insurance Can I Buy for Final Expenses?

Many insurers offer from $2,000 up to $20,000 or more of life insurance coverage for final expenses.


Which Life Insurers Offer Final Expense Policies?

Funeral expense coverage is available from several life insurance carriers.

Among the leading providers of funeral cover are:

  • Mutual of Omaha – Up to $25,000 of coverage for people ages 45-85
  • AIG – Up to $25,000 coverage for people ages 50-85
  • Foresters – Up to $35,000 coverage for people ages 45-80
  • Gerber Life – Up to $25,000 of coverage for people ages 50-80


What If My Parents Have Health Problems?

Most final expense plans do not require any medical examination. In fact, many do not ask any questions about the health of the person to be insured – these are called Guaranteed Issue life insurance policies.


What If My Parent(s) Has Been Turned Down for Life Insurance?

That’s OK. There are guaranteed approval final expense policies available that accept anyone who meets the age requirements.

For example, Mutual of Omaha offers guaranteed issue life insurance for people age 45 to 85.


Your Parents are Guaranteed Coverage If:

They are between 45 to 85 years of age.

What If I Change My Mind Later?

There is no risk with this life insurance coverage. A 30-day free look period guarantees your satisfaction. If you change your mind within 30 days, any premiums paid will be fully refunded.

Final Expense Guaranteed Insurance Provides the Following:

  • From $2,000 up to $25,000 of Life Insurance Protection
  • Guaranteed Approval for People Age 45 to 85
  • No Medical Exam and No Health Questions Asked
  • No Decrease in Life Insurance Benefits
  • No Increase in Premiums
  • Builds Cash Value You Can Borrow Against


Final Expense Insurance Quotes


Top Pick – Mutual of Omaha

Mutual of Omaha offers guaranteed acceptance whole life insurance for people age 45 to 85. Choose $2,000 up to $25,000 of coverage. Rates start as low as $8.84 per month. There’s no medical exam and no health questions. You cannot be turned down. You can get a quote and apply online now. START HERE to get a FREE Quote.

  • Your life insurance policy comes with a 30 day Risk-Free, Money-Back Guarantee


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Disclosure: Compensated Affiliate