Prepaid funerals can be expensive. Help your loved ones deal with the expense of your funeral with final expense insurance.

Regular Burial Cremation
Funeral
Basic services fee $2200 $2200
Transfer of remains to funeral home $350 $350
Embalming $750 $0
Cremation $0 $750
Metal casket $2500 $0
Urn $0 $200
Burial Clothing $1000 $0
Viewing/ceremony $400 $400
Service program $50 $50
Transfer of remains (hearse) $400 $0
Transportation of family (limousine) $400 $400
Burial
Cemetery plot $5000 $5000
Vault $1500 $1500
Clergy Fee $200 $200
Grave opening/closing $500 $500
Total $15250 $11550

The Need for Funeral Insurance

The cold hard truth is this: funerals aren’t cheap. It can easily cost $10,000 or more to bury you. If you don’t have funeral arrangements in place at the time you die, your next of kin will have to find tens of thousands of dollars to pay for your burial – at the same time they’re mourning your loss.

If you can’t afford prepaid funeral arrangements, but you don’t want to leave your family in the lurch, there’s a simpler alternative: burial insurance, also known as final expense insurance. It’s a basic life insurance policy that provides a cash payout after you pass away. Your loved ones can use it to pay for your funeral service, cemetery plot, gravestone and more.

Once you are gone, your loved ones will need to mourn your passing. Make it easier on them with final expense insurance! Contact us for a quote today.

Frequently Asked Questions

You have questions about final expense insurance.  We have answers.  Contact us today to get a quote.

What is final expense insurance?

The main purpose of final expense insurance is to cover the cost of a funeral and related expenses after a person passes away.

The cost of funerals and burials can end up being a lot to pay all at once. Generally, next of kin end up paying no less than $5,000 to bury their loved one, and usually, final expenses end up being closer to $10,000. If the recently deceased person didn’t leave behind enough money to cover the cost, the surviving family has to figure out how to pay for it. To help their families avoid the financial burden associated with paying for a funeral, many people buy a final expense insurance policy to cover their funeral expenses.

What does final expense insurance cover?

Final expense insurance can cover anything related to paying for a funeral, including:

  • Burial plot
  • Casket expenses
  • Funeral home fees
  • Cremation
  • Gravestone

In reality, final expense insurance can be used for anything. Once the insured person passes away, the next of kin receive a check that they can use for anything, including paying off credit cards, helping to pay off a house, or paying off a car.

Who should buy final expense insurance?

Final expense insurance can be a very good alternative for people who can’t afford a prepaid funeral. Lots of folks try to make their funeral arrangements ahead of time, but a prepaid funeral can cost $15,000 or more. For those who don’t have access to that much money, final expense insurance can be an affordable way of saving their loved ones from the financial strain of paying for their funeral once they’ve passed away.

How much does final expense insurance cost?

Generally, final expense insurance is very affordable. But monthly premiums can vary widely due to a number of factors, such as:

  • Age
  • Occupation
  • Marital status
  • Current physical condition
  • Whether the person uses tobacco

In addition, the size of policy you select will have a direct impact on your monthly premium.

What is the process for being covered under final expense insurance? How do I qualify?

When you call our customer service center, an agent will ask a series of questions, including your age, marital status, occupation, current state of health, and more. We’ll need to send you documentation to sign, so make sure you have access to an email account.

Does final expense insurance have cash value?

Yes, final expense insurance has a cash value. When you set up your policy, you’ll choose whatever size of policy you think you need: $10,000, $15,000, or more. Once you pass away, your beneficiary will receive a check for that amount of coverage.

Is final expense insurance like whole life insurance?

Final expense insurance is a type of whole life insurance policy. You’ll pay on the policy until you pass away. Unlike term life insurance, your rates are locked in with final expense insurance. (With term life insurance, your rates can go up during the course of the policy. And when you have to renew your term life insurance, you’ll be older, which means that your rates can increase again.)

Funeral Costs Tomorrow: Accounting for Inflation

How much will your funeral cost in the future?  It depends on a lot of things, including your current age, life expectancy and the average rate of inflation, but the short answer is that your funeral will likely cost a good deal more down the road than it would today.  If you’re younger, you’re likely to pass on a good deal later, meaning that costs will have inflated a lot more when it comes time to lay you to rest.  If you’re further along in life, your funeral services will likely be somewhat cheaper.

Age Cremation Standard Burial
Current Price $8,495 $14,980
40-44 $28,713.10 $50,632.40
45-47 $25,485.00 $44,940.00
48-50 $23,276.30 $41,045.20
51-53 $21,407.40 $37,749.60
54-56 $19,623.45 $34,603.80
57-59 $18,094.35 $31,907.40
60-62 $16,735.15 $29,510.60
63-65 $15,545.85 $27,413.40