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What is final expense insurance?
Final expense insurance is a type of whole life insurance with a smaller benefit amount, chosen to cover the costs that come at the end of life. The money goes directly to the beneficiary you choose, and they can use it however they need.
- Funeral, burial or cremation costs
- Remaining medical or hospital bills
- Credit card balances and other debts
- Help for loved ones with everyday bills
Why families choose final expense coverage
Premiums that stay the same
On most whole life final expense policies, your monthly premium is locked in and does not go up as you get older.
Coverage that doesn't expire
As long as premiums are paid, the policy stays in force for life. It is not a term policy that runs out.
Simple qualification
Many plans ask only a few health questions with no medical exam. Some options are available even with health conditions.
Types of final expense plans
Level benefit
Full coverage from the first day for people who qualify based on their health answers.
Graded benefit
For some health conditions. Benefits are limited during the first years of the policy, then pay in full.
Guaranteed issue
No health questions. Acceptance is guaranteed within the eligible ages, with a waiting period before the full benefit applies.
Plan availability, ages and benefit details vary by carrier and state. We will explain exactly how each option works before you decide.
Common questions
Who is final expense insurance for?
It is designed mainly for seniors, often between ages 50 and 85 depending on the carrier, who want to make sure end-of-life costs do not fall on their family.
How much coverage do I need?
Most people choose an amount that covers a funeral plus any bills they expect to leave behind. We will help you estimate a number that fits your budget.
Do I need a medical exam?
Usually not. Many plans only ask a short list of health questions over the phone.
How fast is the benefit paid?
Claims on final expense policies are typically paid quickly once the carrier receives the required documents, which helps families cover costs right away.
Get your free final expense quote
Answer a few quick questions and our Louisville team will contact you with options. There is no cost and no obligation.
Prefer to talk?
(502) 767-5906Business hours
Monday – Friday: 9:00 AM – 5:00 PM
Request your free quote
No cost, no obligation.
Medicare disclaimer: We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov, 1-800-MEDICARE (TTY 1-877-486-2048), or your local State Health Insurance Program (SHIP) to get information on all of your options.
Encore Financial Services LLC is not connected with or endorsed by the U.S. government or the federal Medicare program.