Final Expense Insurance Buyers Guide

Reviewer:  Allison Whitehart | December 30, 2018 

Final expense insurance, also known as burial insurance, eases the burden your loved ones will have to carry upon your passing. Peace of mind comes from knowing 100% of your final expenses will be covered, and all final arrangements have been made.


Burial insurance is about more than money. It provides a plan that you’ve chosen to represent your last wishes, in addition to funding your burial and any expenses that would otherwise fall to your loved ones.

We’ll help with understanding:
– Benefits of burial insurance
– Role of life insurance policies
– How to qualify for burial insurance
– Find the best coverage for your specific needs

Top Overall Pick

National Family Assurance

National Family Assurance –
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Scored highest in low prices and customer experience…

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Top Easy Coverage Pick

Burial Final Expense

Burial Final Expense –
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Scored highest in ease of of use and rapid quotes…

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Top Smart Shopper Pick

Final Expense Insurance Now

Final Expense Insurance Now-
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Best place for knowledgeable consumers to save money…

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Home Security System Features:

Benefits of Final Expense Insurance

There are a number of reasons to consider final expense insurance. Final expense insurance, also known as funeral or burial insurance, eases the burden your loved ones will carry in the event of your passing.

Grieving loved ones may make poor financial decisions during these times, spending beyond their means due to emotional turmoil. Final expense insurance not only eases the financial burden your family and friends would face, but also the planning of a funeral.

You’ll gain peace of mind knowing that your funeral will represent who you are. Purchasing final expense insurance allows you to discuss your arrangements with a beneficiary in private. You’ll know that you will be remembered the way you prefer to be remembered.

Most people rely on their savings to cover burial expenses. The problem with that, is that disease, illness, and injury are unpredictable, and these unexpected life events can eat through savings quickly. Final expense insurance will cover burial expenses even if medical bills wipe out your savings.

Others think that life insurance can cover the cost of burial expenses, but this is also a common misconception. Life insurance claims can take time to be processed, and funds are rarely available in time to cover funeral expenses. Additionally, life insurance does not help with funeral or estate planning the way funeral insurance does. But life insurance is a critical part of insuring you and your loved ones against unforeseen events. If you don’t have life insurance, or have an expiring policy, check out our Life Insurance Buyers Guide for life insurance basics and our top policy provider picks.

Final Expense Insurance Considerations

The average burial costs more than $8500 in 2019, and this doesn’t include the cost of flowers, catering, obituaries, etc. Final expense insurance makes sure funds are allocated and available for your family when they’re needed.

Final expense insurance, also known as burial insurance, is designed to pay for all of the costs associated with your death. The amount a policy will pay out will depend on how much you pay in premiums over the life of your plan. The beneficiary of your coverage can use any payout to meet your funeral costs, pay probate, and clear any outstanding debts you leave. If you pass away without any savings and no insurance, you leave a large burden for someone else.

Term or Whole Life

Burial coverage plans come as either term life or whole life policies. The former will provide a payout if you die during the term of your plan, say 20 years, while the latter will cover you for the rest of your life. If your term life policy expires without a claim being made, you will have to get a new policy to extend your coverage. The older you are, the higher your premiums are likely to be for term life insurance.


Make sure you trust the beneficiary of your policy. You’ll probably be better off entrusting any payout to your partner or a close relative because this person will have be trusted to execute some of your final instructions.

Qualifying for Final Expense Insurance

You most likely won’t have to go through a medical exam to get final expense insurance. If you suffer from poor health, you may have to take out a graded benefit that would only pay out a portion of the value of your policy if you were to die over the first few years of coverage. If you already have a life insurance policy, you may consider using a portion of any payout to meet your funeral costs. This will often be cheaper than paying for a final expense plan.

Why Would I Need a Final Expense Policy?

When purchasing life insurance, it is important to choose the right type and the right amount of coverage for your specific needs. Therefore, be sure to add up all of the potential final expenses that may be required.

Final Expense Insurance Guide Summary

Given the high cost of a funeral today, along with the many other related costs, the additional debt could leave loved ones with a great deal of undue stress. A final expense life insurance policy can help to ease this as well as paying outstanding medical bills and other personal debts and credit cards, and maybe even leave a little extra money to family members. Make sure you understand final expense insurance basics first, then check out our list of top providers for reviews and features overview.

National Family Assurance

4.9 Overall Score

National Family Assurance Full Review >>

Scored highest in low prices and customer experience…

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Burial Final Expense

4.6 Overall Score

Burial Final Expense Full Review >>

Scored highest in ease of of use and rapid quotes…

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Final Expense Insurance Now

4.5 Overall Score

Final Expense Insurance Now Full Review >>

Best place for knowledgeable consumers to save money…

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