Final Expense Life Insurance
Final expense life insurance is a small permanent policy designed to help loved ones cover end-of-life costs.
Coverage typically ranges from a few thousand dollars to about $35,000, premiums stay level, and the policy remains in force for life as long as premiums are paid.
Proceeds go directly to beneficiaries, who can use the funds where they are needed most.
What Final Expense Covers & How It Works
Families often use the benefit for funeral services, burial or cremation, travel for relatives, medical bills, credit balances, and other immediate expenses. Because the money is paid to your beneficiaries, they decide how to allocate it without restrictions.
Final expense policies are usually simplified issue permanent life insurance. Many applicants qualify with a short health questionnaire and no medical exam. Some carriers offer guaranteed issue options with graded benefits during the first policy years. Cash value can accumulate over time and may be available for loans that reduce the death benefit if not repaid.
Ideal Candidates For Final Expense Life Insurance
- Adults who want to prevent out-of-pocket costs for family at an already difficult time
- People who no longer need large amounts of coverage but value lifetime protection
- Individuals who had difficulty qualifying for other policy types
- Caregivers planning for a parent or loved one
Coverage Amounts & Cost
Benefit amounts are modest to keep premiums affordable. Cost depends on age, health, tobacco use, and the benefit selected.
Premiums are typically fixed for life. We compare carriers so you see how options differ by price, underwriting questions, and benefit features.
Final Expense Life Insurance vs. Other Options
Final expense policies balance simplicity, lifetime duration, and flexibility of use.
Term Life Insurance
Lower cost per dollar of coverage but designed for a set period and usually ends with no value if you outlive the term.
Whole Life Insurance
Larger benefits and more features, with higher premiums.
Pre-Need Contracts
Pay a funeral provider directly but may be less flexible than a policy that pays beneficiaries.
The Matador Milestone Process
Start with a short consultation. In Discovery, we listen to your goals, budget, and family needs.
In Strategy, we compare carriers, outline underwriting questions, review graded versus immediate benefits, and size coverage to match likely costs.
We then set an annual review to keep your plan current as life changes.
Take Care Of Tomorrow’s Costs Today
Request a short consultation to compare final expense policies, review pricing and benefit options, and choose coverage that fits your budget and goals. We make the steps clear and handle the details so your family has one less thing to worry about when it matters.