​How to Choose the Right Final Expense Insurance Policy for You

How to Choose the Right Final Expense Insurance Policy
(Without Falling Asleep)

Let’s be real: nobody wakes up excited to talk about funeral costs and final expense insurance. But guess what? If you learn it now, you could save your family a TON of money, headaches, and unnecessary stress later.

It’s one of the smartest and most loving moves you can make.

So, let’s make this simple (and maybe even a little fun).
Here’s everything you need to know to pick the right final expense policy without feeling overwhelmed. Ready? Let’s go!

First Things First: What Are the Costs Involved in a Funeral?

Here’s the truth most people don’t realize: Funerals are expensive. Like, REALLY expensive.

Typical Funeral Costs Breakdown

Service	Estimated Cost
Basic service fee (funeral home handling)	$2,000+
Transportation of your loved one	$500+
Embalming & body preparation (for viewings)	$750+
Casket	$2,500+
Burial plot	$1,000–$4,000
Headstone	$1,000+
Flowers, obituaries, programs, etc.	$500+

So… What Exactly Is Final Expense Insurance?

Final expense insurance is basically life insurance’s cool, more relaxed cousin. Instead of a huge million-dollar payout, it’s designed to cover funeral costs, medical bills, and other final expenses — without overcomplicating things.

Key Point: Final expense insurance typically gives you coverage amounts between $5,000 and $25,000.

How to Pick the Perfect Final Expense Policy (Without Stress)

1: Know How Much You’ll Need

Think about what kind of goodbye you want. Add up a rough estimate, then give it a cushion for inflation. Most people feel comfortable with $10,000–$20,000 in coverage.

2: Choose Between Two Main Types

• Simplified Issue: No medical exam, basic health questions, lower monthly cost.
• Guaranteed Issue: No health questions, everyone approved, slightly higher premiums.

Is This Policy Right for You?

If you don’t have $10,000+ saved for your funeral and want to avoid leaving your family with stress, this policy is likely for you especially if you’re between 50 and 85 years old.

Top 3 Myths About Final Expense Insurance

• “I’m too young.” Lock in lower rates now.
• “I have insurance through work.” It may not stay with you when you retire.
• “It’s too expensive.” Some plans start as low as $50/month.

Frequently Asked Questions (FAQs)

• What does it cover? Funeral, medical bills, legal fees.
• Can I get approved with health issues? Yes. Guaranteed issue approves everyone.
• When does it pay out? Simplified: days. Guaranteed: up to 2 years.
• If I already have life insurance? Final expense is a helpful add-on.