Final Expense

Final expense insurance is a small, permanent life insurance policy designed to cover funeral costs, medical bills, and other end-of-life expenses. It helps your loved ones avoid financial stress when you pass away.

Most people qualify—no medical exam required, just a few health questions.

Level Benefit Plan (Immediate Coverage)

Best for: Seniors in good or manageable health.
Coverage Starts: Immediately upon policy issue.
Death Benefit: 100% paid out from day one.
Premiums: Fixed and guaranteed for life.
Example Health Conditions Allowed:
Controlled high blood pressure
High cholesterol
Type 2 diabetes (well-managed)
Mild anxiety or depression
Past (not recent) surgeries or hospitalizations
Ideal for clients who can pass basic health questions.

Level Benefit Plan (2-Year Limited Payout)

Best for: Those with moderate health conditions that prevent immediate coverage.
Coverage Starts: Policy is active right away, but death benefits are limited in the first 2 years.
Typical Payout Schedule:
Year 1: Return of premiums + ~10% interest
Year 2: 50–75% of death benefit
Year 3+: 100% full death benefit
Premiums: Slightly higher than level benefit plans.
Example Health Conditions Allowed:
Recent cancer (in remission)
COPD or emphysema
Insulin-dependent diabetes with complications
Heart attack or stroke in the last 2 years
Use of oxygen or walker
Great for clients who have some health issues but are still active and independent.

Guaranteed Issue Plan (No Health Questions)

Best for: Seniors with serious or multiple health issues.
Coverage Starts: After a 2-year waiting period (natural causes).
Accidental death is covered from day one.
Death Benefit:
Years 1–2: Return of premiums + interest (if death is from natural causes)
Year 3+: Full payout
Premiums: Higher due to increased risk.
No Medical Questions: Acceptance is guaranteed for most people ages 50–80.
Best option for clients who have been declined elsewhere or are dealing with severe conditions like terminal illness, dementia, or advanced heart failure.

Optional Riders (Add-ons Depending on Carrier)

Accidental Death Benefit: Extra payout if death is caused by an accident.
Child/Grandchild Coverage: Small riders to protect young loved ones.
Chronic or Terminal Illness Rider: Access part of the benefit early if diagnosed.
Waiver of Premium: Premiums waived if you become disabled.

Example Coverage Amounts

$5,000 – $15,000: Common for basic funeral + burial or cremation.
$20,000 – $25,000: Adds coverage for medical bills or minor debts.
$30,000 – $50,000+: For those wanting to leave a small legacy or handle larger financial responsibilities.

❓ Frequently Asked Questions – Final Expense Insurance

1. What does final expense insurance cover?Funeral costs, burial or cremation, medical bills, unpaid debts, and other end-of-life expenses.
2. How much coverage do I need?Most funerals cost $8,000–$15,000. We’ll help you choose a plan that fits your needs and budget.
3. Is it hard to qualify?Not at all. Most people ages 45–85 are eligible. No medical exam—just simple health questions.
4. When does coverage start?Some plans offer immediate coverage. Others have a 2-year waiting period based on health history.
5. Can I get coverage if I’ve had health issues?Yes. We work with multiple carriers to find plans even for clients with diabetes, COPD, cancer history, and more.
6. Will my premiums go up?No. Final expense policies have locked-in rates that never increase, and coverage never decreases.

⭐ Client Story: “Everything Was Taken Care Of—Exactly Like She Wanted.”

"When my mom passed, the last thing I wanted to do was scramble for money. But she had worked with Dylan to set up a final expense policy years before. The payout came fast, and we were able to give her the memorial she wanted, with zero financial stress. It was a blessing in such a hard time."

– Karen M., Aurora, CO

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