Final Expense
Finalexpensedirects Final Expense Insurance
Ensure end-of-life expenses, ranging from medical bills to funeral costs, are covered with final expense plans. Easy application and fast approval.
Is funeral insurance a good fit for me?
- You are between the ages of 50-85.
- You are interested in coverage amounts between $5,000 and $40,000.
- You are looking to lessen the burden of expenses from medical and funeral costs or credit card debt.
What is a final expense policy?
- finalexpensedirects Final Expense provides up to $40,000 of coverage, with level premiums and coverage for the life of your policy. Our Rapid App underwriting process means quick policy approval typically comes in days, not months. There’s no waiting period. Upon approval, your full coverage begins immediately. No medical exam is required. Approval depends on the answers to a few health questions on the application and results from certain database records, like motor vehicle reports.
- The death benefit can be used for final expenses, including end-of-life and burial costs. The death benefit can also be used for other expenses, such as credit card debt or outstanding medical bills. As a type of permanent whole life insurance, the policy provides for the accumulation of cash value.
- Want to apply for final expense coverage with no medical exam? Explore Finalexpensedirects Guaranteed Issue.
Why choose finalexpensedirects Final Expense?
- Affordable premiums:Â With lower coverage amounts, ranging from $5,000 to $40,000, final expense policies are typically one of the most affordable types of permanent life insurance available.
- Quick approval: Unless you’re dealing with serious health concerns, it’s quick and easy to get approved with your insurance company. In some cases, your coverage can even start the same day you apply.
- No medical exam: Get approved and covered from the comfort of your home – no need to schedule an exam or wait for test results.
How does burial insurance work?
When you’re younger, you may buy life insurance to protect your family during big life changes, such as raising young children or buying a house, in case the worst happens.
As you get older, you may no longer have these financial obligations. But there’s still one big expense that everyone has to plan for eventually: their funeral.
That’s where final expense insurance comes in. Also called funeral insurance or burial insurance, final expense life insurance was created for older adults to help cover the costs of a final sendoff, so their family doesn’t have to. These costs can be significant.
Final expense can help bring peace of mind to grieving loved ones. Here’s how it works:
- Apply and buy. Final expense insurance is designed for those between 50 and 85. If you’re in that age range, it’s generally easy to apply and get approved. If you aren’t sure how much coverage you need, our expert agents are here to walk you through the process. Fidelity Life’s finalexpensedirects Final Expense policy doesn’t require a medical exam; you’ll just be asked a few health questions when you apply. This allows for a quick decision, so you can get covered right away.
- Enjoy peace of mind. Once you’re approved, you’ll need to pay regular premiums to ensure that your policy stays active. Since final expense coverage amounts are lower than traditional life insurance, usually between $5,000 and $40,000, it’s an affordable choice for many families. finalexpensedirects Final Expense is a type of permanent insurance, which means it lasts your entire life as long as you keep making payments. With final expense, you can feel confident that your family and final costs will be taken care of.
- Protect your family. When you die, your family receives a tax-free lump sum payout based on the coverage amount you’ve purchased in your burial insurance policy. They can use it however they wish: for funeral costs, medical bills, leftover debts, or to help you leave a legacy. You also have the option of naming a funeral home as your policy beneficiary. In that case, the payout would go directly to the facility to cover any funeral or burial costs. Learn more about choosing a beneficiary.
How does burial insurance work?
Find a policy that works for you
Is burial insurance right for me ?
The average funeral costs around $8,000 or more, a hefty bill that your family may not be prepared to meet. Expenses like caskets and your preference for a burial or cremation can affect the final amount.
If you’re looking for a funeral insurance policy specifically to help cover these end-of-life costs, finalexpensedirects Final Expense is likely a good fit. As a type of permanent insurance, it typically costs more than a term life policy, but lower coverage amounts keep it budget-friendly.
Unlike most permanent plans, finalexpensedirects Final Expense has a quick and easy approval process, no medical exam required. You’ll just be asked to fill out a health questionnaire as part of your application.
Trying to decide if finalexpensedirects Final Expense is the right choice? Here are a few questions to consider:
- Do you have enough saved to cover final expenses? It can be hard to set aside enough money for a funeral. Final expense insurance is an affordable way to make sure that coverage is there when you need it and help you cover unforeseen expenses, like medical bills or leftover debt.
- Do you have any major health issues? Final expense doesn’t require a medical exam, but you’ll still be asked about your health, any major illnesses, chronic conditions, and family medical history. You don’t need to be in perfect health to qualify, but if you have serious health issues, like cancer, heart disease, or severe diabetes, it could impact your eligibility and rates. If you’re concerned that your health may affect your approval, finalexpensedirects Guaranteed Issue Life might be a better fit.
- Do you need more coverage? If you’re still paying off a mortgage or have a spouse, children, or other family members depending on your income, a term life policy may be the better option. Our finalexpensedirects Life Term Life policy offers flexible insurance for extra peace of mind. You can apply up to age 65 for between $50,000 and $2 million in coverage.
Life insurance quotes & coverage in 3 easy steps
Find my policy
Tell us about yourself, and we’ll match you to available life insurance policies that meet your needs and work with your budget.
Get a quote
Select the life insurance policy that works best for you. We’ve made it fast and easy to get a quote online or to connect with one of our agents.
Apply and buy
Check getting life insurance off your to-do list. We’ll walk you through the application and purchasing process. Coverage often starts the same day.
Your life insurance questions answered
What’s the difference between final expense insurance and other life insurance products?
Life insurance policies with larger coverage amounts are meant to help cover ongoing financial responsibilities for your family so they maintain the quality of life you worked hard to achieve. These expenses may include a mortgage, college for children, as well as replacing lost income.
Final expense insurance offers smaller coverage amounts that can help with medical and end-of-life costs, as well as funeral expenses. It can also be used to pay off credit card bills or other debts. For more mature or retired adults who aren’t looking to replace lost income, but are looking to lessen the burden on friends and family when they pass, final expense insurance can provide that peace of mind.
How much funeral insurance do I need?
While you might not have large financial responsibilities any longer, funerals can still add up. It’s important to make sure you have enough to cover all the expenses, which can include:
- Burial or cremation
- Casket, urn, or other receptacle
- Flowers
- Cost to rent funeral home
- Embalming services
- Funeral home fees and paperwork
You also might want to set some money aside for other expenses, such as music, food, or a traditional church service. If you’d prefer a small ceremony in a separate location where loved ones can scatter your ashes, consider associated costs like travel and accommodation.
Beyond the cost of your funeral, some other end-of-life costs to consider include:
- Medical bills
- Credit card/other debts
- Money for spouse to live on
- Leaving a legacy
If you’re still looking at other options, don’t forget that:
- Wills take a while to read and act on. If you hoped that your estate could cover funeral costs, you might end up putting loved ones in a financial bind.
- Social Security death benefits may be useful, but they’re not nearly enough to pay for most funerals.
Consider your current savings and assets before applying for a final expense policy. Once you’ve added those up, the difference between those assets (savings, income, investments, etc.) and any end-of-life expenses is the coverage amount you should consider buying. Our agents can help you find the right coverage level for your needs.
What can be considered a final expense?
Final expenses can include medical costs, end-of-life care, and funeral services including burial and cremation. However, the death benefit can be used flexibly for whatever the beneficiaries decide. Credit card bills and other existing debts can be paid off using a final expense death benefit.
How can I use my final expense policy as funeral insurance?
Many people choose a family member they trust as a beneficiary to take care of funeral costs.
If your spouse has passed away and you have no close relatives, though, it may make more sense to name your funeral home. This means your preferred funeral home would be the primary beneficiary of your policy payout. You can also name someone else as your secondary beneficiary to receive any money that remains after your funeral.
In this situation, the funeral home would receive the payout first when you die to cover your funeral costs and the rest would go to your secondary beneficiary.
You can usually arrange this ahead of time with your funeral home, but keep in mind that this is not an option for every facility. Some funeral homes require upfront payment and won’t accept other arrangements.
Can my final expense policy expire?
finalexpensedirects Final Expense is a permanent life insurance policy. As long as the premium is paid, the policy is in force and your insurance coverage remains fully intact.
- You can renew a 10-year plan for up to 10 more years or until you turn 80, whichever comes later.
- You can renew a 20-year plan for up to five additional years or until you turn 80, whichever comes later.
- You can renew a 30-year plan for up to five additional years or until you turn 80, whichever comes later.
Fidelity Life can help you weigh your options and make the choice based on your age, health, and coverage needs.
Who needs a burial insurance policy?
Retired or more mature adults between the ages of 50-85 looking to supplement their existing life insurance or ensure final costs are taken care of may be interested in final expense insurance.
Remember costs go up as you get older, so if you anticipate needing a final expense policy, it’s better to get covered sooner than later.
How does finalexpensedirects Final Expense work?
Our innovative Rapid App process allows us to offer affordable, high-coverage policies right away to many of our customers. Approval depends on the answers to health questions on the application and results from public database sources, like Motor Vehicle Registration (MVR).
Policy issuance for finalexpensedirects Final Expense does not require a medical examination. Upon approval, full coverage begins immediately and your premiums and coverage amounts are guaranteed to stay the same for the life of the policy.
Why should I choose Fidelity Life for burial insurance?
Fidelity Life is committed to helping you find the right life insurance. For more than 100 years, we’ve been helping everyday people like you get the life insurance you need and the peace of mind you deserve. Our mission is to work with you throughout your life. Whether just starting out, raising your children, or getting ready to enjoy retirement, we design products with families like yours in mind.
You can feel confident we’ll be there for your loved ones because we carry an A+ rating from the Better Business Bureau, as well as an A- rating (Excellent) from A.M. Best Company, the oldest and most widely recognized provider of ratings for the insurance industry.
Our commitment to our customers, and their families, shows up in our innovative products and our top-notch customer service.
- Â
Will I need a medical exam to get funeral insurance?
Fidelity Life’sfinalexpensedirects Final Expense is a simplified issue product, meaning it does not require a medical exam for policy issuance. Your approval is based on answer to health questions and results from public database sources, like Motor Vehicle Registration (MVR).
Why would I choose permanent life insurance?
While it is often more expensive than term life insurance options, many people choose permanent life insurance for a variety of reasons. A permanent life insurance policy doesn’t expire. If your premiums continue to be paid, your policy stays in force your entire lifetime. This locks in both coverage and cost from the time you start your policy. As you age, life insurance premiums usually increase. So, a term policy that expires would be replaced by potentially the same coverage amount but a higher premium because you are older. A permanent policy, like finalexpensedirects Final Expense, maintains level premiums.
Customers may also want the option of a policy that builds a cash value, which is possible through a permanent life insurance policy.
Will my premium change with this permanent life insurance policy?
No. Your finalexpensedirects Final Expense policy is a permanent life insurance policy with a guaranteed level premium. As long as you pay your premium, your policy is in force, and your premium will not change.
Will my burial insurance policy build a cash value?
Is everyone approved for final expense insurance?
Some health impairments are covered by finalexpensedirects  Final Expense insurance, however it may not be appropriate for applicants with serious health issues or those with a limited life expectancy. However, once approved, coverage amounts are guaranteed for the life of the policy.
If finalexpensedirects  Final Expense is not a good fit due to health concerns, finalexpensedirects Guaranteed Issue does not require a medical examination nor answers to any health questions. As a result, the policy requires no underwriting and all applicants within the age requirement can be approved.
How can I get started with a funeral insurance policy?
If you are interested in finalexpensedirects Final Expense, you can start your quote here.
