Frequently Asked Questions

Final expense insurance is a type of life insurance policy specifically intended to cover funeral, burial, and other end-of-life expenses. 

Final expense insurance typically offers lower coverage amounts and is easier to qualify for, focusing specifically on covering final expenses. 

Funeral services, burial or cremation, caskets or urns, headstones, burial plots, and sometimes medical bills or other debts. 

Some policies may offer added benefits such as accidental death coverage or cash value accumulation.

Most people are eligible, especially seniors. There are generally minimal health requirements compared to other life insurance policies.

The application process is straightforward, often requiring basic personal information and sometimes a brief health questionnaire.

Many final expense insurance policies do not require a medical exam, but some may have health-related questions.

Premiums vary based on age, health, coverage amount, and the insurance provider. Generally, older individuals will pay higher premiums.

This depends on the policy type. Some policies have fixed premiums, while others may increase with age.

Missing a payment can lead to policy lapse, but some insurers offer grace periods or reinstatement options.

No, final expense insurance provides a cash payout to beneficiaries who use it to cover funeral expenses. Pre-paid plans are direct payments to a funeral service provider. 

Yes, beneficiaries can use the payout for any purpose, including paying off debts or medical bills.