Low Cost Final Expense Insurance
How to Find Low Cost Final Expenses Insurance
Are You Interested in Finding Low Cost Life Insurance to Pay for Your Burial, Funeral and Other Final Expenses?
If so, it may be easier to than you thought.
Now you can compare free quotes for final expenses life insurance plans on the internet from several top-rated insurance companies offering you affordable rates.
Before you start you should know that according to the National Funeral Directors Association the average cost of a funeral and related final expenses are approximately $7,848.
In addition to your burial there may be expenses for your funeral, headstone, casket, memorial service, etc.
That’s why most funeral insurance policies offer from $5,000 up to $25,000 of life insurance coverage to help provide for all of your final expenses.
Choosing to purchase a final life insurance policy is the right decision. Imagine how your loved ones will feel at your passing, why leave them with financial hardship, especially when they will be mourning your loss.
That’s where low cost final expense insurance can help. Affordable burial plans can provide you with the life insurance you need to make sure your family will have the proper amount of money to pay for funeral, burial, and final expenses.
How Can You Find the Lowest Cost Final Expenses Insurance?
One way is to shop and compare life insurance quotes from several life insurance carriers to locate the best price and plan.
Another option is to go with a life insurance company well known for their funeral insurance coverage, such as, Mutual of Omaha.
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
What Is Final Expense Life Insurance?
It’s a type of permanent life insurance policy that provides a small amount of insurance coverage, usually anywhere from $2,000 up to $25,000. People use the proceeds from these insurance policies to pay for the costs associated with a funeral, burial and other related final expenses.
Final expense insurance is also referred to as burial insurance, funeral insurance, or end of life insurance.
Why Should I Buy Final Expenses Insurance?
There are several key reasons for purchasing a funeral and burial expense plan,
- You want to plan ahead for the inevitable.
- You don’t have enough money to cover the entire cost of your final expenses.
- You don’t want to leave your loved ones in financial difficulties trying to come up with the funds to pay for your funeral costs.
If there won’t be enough money in your estate to pay for your funeral, then it’s generally a good idea to get funeral coverage.
What Does It Cost for Final Expenses?
The cost of a burial, funeral and related expenses, will depend on the type of funeral you wish to have.
According to the National Funeral Directors Association (NFDA), the average cost of a funeral in 2021 was $7,848. The amount can represent an impact in the family savings if they are not prepared.
Source: NFDA (National Funeral Directors Association)
How Much Does Final Expense Life Insurance Cost?
The premium you are charged for a final expense policy will depend on your age, gender and the amount of insurance you need.
Some plans can vary in price from $10 per month up to $50 or more per month.
However, one highly-rated insurance company offers plans starting for as little as $8.84 per month. Get a Free Quote.
Common Final Expense Costs
- Burial
- Casket
- Burial Plot
- Headstone
- Flowers
- Memorial Service
- Remembrance Cards
- Funeral
- Hearse
- Transportation
- Embalming
- Memorial Cards
How Much Life Insurance Can I Buy to Cover Final Costs?
The amount of insurance available through any one specific insurer for funeral costs may vary from $2,500 up to $20,000 or more.
However, if you need more coverage, you may buy a policy from more than one insurance company.
Mutual of Omaha offers up to $25,000 of insurance for funerals.
Is a Health Exam Required for Final Expenses Insurance?
That depends on the type of plan you purchase.
However, some insurers offer no exam final insurance policies.
What If I Have Health Problems?
That’s okay. There are funeral life insurance plans available with no health exams required and no health questions asked.
What If I Change My Mind?
Each funeral life insurance policy comes with a Free Look Period which is state regulated and mandatory. The duration of your Free Look period will vary by state. However, some insurers offer a 15, 20 or 30-day free look period.
Mutual of Omaha has a 30 day 100% No Risk, Free Look period. If you change your mind for any reason, you have up to 30 days after receiving your policy to return it to the insurance company for a full refund of all premiums paid.
Which are The Best Final Expenses Life Insurance Companies?
Today there are several highly-rated insurance carriers that offer affordable coverage for final expenses.
Some of the leading providers of funeral and burial expense plans include:
- Up to $25,000 of coverage
- No physical exam and no health questions asked
- Guaranteed Acceptance for ages 45-85 (50-75 in NY)
- 30-day money-back guarantee.
- Two-year limited benefit period
Met Life
- Rates as low as $10 per month.
- Guaranteed Issue for ages 45-75.
- Up to $20,000 of coverage available.
- No medical examination required.
- Two-year limited benefit period.
AARP/NewYork Life
- Up to $15,000 permanent group life insurance
- Exclusively for AARP members
- No medical exam and no health questions
- Two-year limited benefit period
What If I Have Been Turned Down by Other Life Insurers?
No problem. There are guaranteed issue final expense life insurance policies available that guarantee your approval for coverage, regardless of your health.
Low Cost 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
Highly Recommended – Met Life
MetLife offers guaranteed issue life insurance for people age 45 to 75. Choose $2,500 up to $20,000 of coverage. Rates start as low as $10 per month. There’s no medical exam and no health questions. You cannot be turned down.
Can I Buy Final Expense Insurance for My Parents?
Low Cost Final Expense Insurance
Globe Life Senior Life Insurance
Disclosure: Compensated Affiliate