Final Expense Insurance
Affordable coverage that ensures your family is not burdened by funeral costs or end-of-life expenses.
Final expense insurance, sometimes called burial insurance or funeral insurance, is a type of permanent life insurance designed to cover the costs associated with end-of-life expenses. Policies typically range from $5,000 to $50,000 and are specifically designed for adults between the ages of 50 and 85. The premiums are affordable, the application process is simple, and coverage can begin quickly.
One of the biggest advantages of final expense insurance is simplified underwriting. Most policies do not require a medical exam. You simply answer a few health questions on the application. For those with more serious health conditions, guaranteed acceptance policies are available that require no health questions at all. These guaranteed issue policies typically include a graded benefit period of two to three years, after which the full death benefit is available.
The average funeral in the United States costs between $8,300 and $10,000 according to the National Funeral Directors Association, and costs continue to rise each year. That does not account for outstanding medical bills or other debts. Without a plan in place, these costs fall directly on your family during one of the most difficult times of their lives. A final expense policy from Shield Life gives you the peace of mind that your family will be taken care of, without the complexity or cost of a larger life insurance policy.
Who Is This For?
Adults 50–85
Coverage designed specifically for older adults who want to plan ahead.
Fixed-Income Individuals
Affordable premiums that fit comfortably within a retirement budget.
Family Protectors
Those who want to spare loved ones from the financial burden of funeral costs.
Hard-to-Insure Applicants
People who may not qualify for traditional life insurance due to health concerns.
Key Features
- ✓No medical exam required for any final expense policy
- ✓Guaranteed acceptance options available regardless of health
- ✓Coverage amounts from $5,000 to $50,000
- ✓Affordable monthly premiums that fit a fixed-income budget
- ✓Quick approval process, often within 24 to 48 hours
Final Expense Insurance FAQ
Final expense insurance covers any costs your family faces after your passing. While most people use it for funeral and burial expenses, the death benefit can be used for anything, including outstanding medical bills, credit card debt, or simply everyday living expenses for a surviving spouse. There are no restrictions on how your beneficiaries use the funds.
No. Final expense policies are specifically designed to skip the traditional medical exam process. Simplified issue policies ask a short series of health questions on the application, while guaranteed acceptance policies require no health questions at all. This makes final expense insurance accessible to people who might be turned down for other types of coverage.
According to the National Funeral Directors Association, the median cost of a funeral with burial is over $7,800, and costs continue to rise each year. When you factor in a casket, cemetery plot, headstone, and other expenses, total costs can easily exceed $12,000 to $15,000. A final expense policy ensures your family does not have to cover these costs out of pocket during an already difficult time.
With a guaranteed acceptance final expense policy, you cannot be denied coverage regardless of your health history. These policies are available to anyone within the eligible age range, typically 50 to 85. Simplified issue policies may decline applicants with certain serious health conditions, but they offer lower premiums and immediate full coverage from day one.
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