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FINAL EXPENSES
Final expense life insurance is a worthwhile investment for anyone who needs a financial product to ensure their funeral expenses won't burden their family. How Much Does Final Expense Insurance Cost? The average final expense policy costs between $30-$70 a month and depends on your age, sex, health, coverage amount, and life insurance company you choose. Traditional life insurance plans can take many weeks or months to payout. With final expense insurance, the payout is typically just a couple of days at most once a claim is approved.
These plans are typically available to seniors 50-85. However, some providers issue coverage to adults as young as 18 and as old as 90 (very rare). Because these plans are designed to cover your final expenses, the amount of coverage you can purchase is much smaller than traditional life insurance policies. Typically, the coverage options are $50,000 and below.
