Final Expense Insurance

Final expense is a very popular type of insurance with the elderly because it is very affordable, but still covers final expenses like funeral and burial costs.

Seniors and eldery parents do not like to leave the burden of their final expenses with their children.

Traditional life insurance policies like level term insurance are designed to replace the income lost when the insured family member dies.

These policies are often used when a family is still raising their kids and paying for a mortgage - this is no longer the case in senior years.

Typical Final Expense Coverage Amounts:

Retirees are most likely free of a mortgage and do not have to pay for college costs and costs associated with raising children. They are more concerned with paying for their funeral and burial costs.

With funerals costing an average of $10,000, you can see why seniors worry about who will pay for it.

Getting a final expense life insurance policy with a small amout won't cost much per month, but will still cover any costs associated with a burial or cremation.


How Can The Elderly Get The Best Rates

Like they say in real estate - location, location, location, in life insurance buying, it should be: compare, compare, compare.

By comparing quotes from a few different companies, you'll be able to get the best rates for your situation.

Sometimes premiums can vary a lot from company to company, so, compare, compare, compare.

Click Here for a final expense insurance quote!

How Easy Is It To Get

Final expense insurance is very easy to obtain because it simply relies on a series of health questions, and in most cases you do not need to subject yourself to a medivcal exam.

Insurance companies do not take on a huge risk because the insurance amounts are usually very low.

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Example final expense costs for women:

  $5,000 $10,000 $15,000 $20,000
65 Year Old Female $22.11 $41.32 $60.41 $79.61
66 Year Old Female $23.32 $43.87 $64.20 $84.42
67 Year Old Female $24.43 $46.32 $67.86 $89.31
68 Year Old Female $25.85 $48.87 $71.45 $94.31
69 Year Old Female $27.01 $51.32 $75.36 $99.30
70 Year Old Female $28.22 $53.87 $79.04 $104.31
71 Year Old Female $29.80 $56.86 $83.43 $110.29
72 Year Old Female $30.83 $59.04 $86.74 $114.85
73 Year Old Female $33.38 $64.19 $94.66 $125.13
74 Year Old Female $35.39 $68.36 $101.07 $133.68
75 Year Old Female $37.81 $73.13 $108.08 $143.04
76 Year Old Female $40.83 $79.03 $116.73 $154.82
77 Year Old Female $43.36 $84.35 $124.70 $165.35
78 Year Old Female $45.82 $89.32 $132.37 $175.31
79 Year Old Female $48.31 $94.34 $139.71 $185.36
80 Year Old Female $50.82 $99.31 $147.41 $195.60
Premiums shown were obtained on 07-06-2021 - your rates will most likely be different.

 

Example final expense costs for men:

  $5,000 $10,000 $15,000 $20,000
65 year old male $30.14 $57.04 $83.74 $110.85
66 year old male $31.85 $60.35 $89.06 $117.67
67 year old male $33.42 $63.81 $94.10 $124.39
68 year old male $35.37 $67.41 $99.65 $131.87
69 year old male $37.37 $71.40 $105.63
$139.85
70 year old male $39.29 $75.36 $111.31 $147.37
71 year old male $41.32 $79.60 $117.89 $155.76
72 year old male $44.04 $84.83 $125.62 $166.33
73 year old male $46.80 $90.36 $133.73 $177.39
74 year old male $49.42 $95.81 $142.10 $188.39
75 year old male $52.11 $100.78 $149.85 $198.82
76 year old male $55.67 $108.11 $160.45 $212.79
77 year old male $59.26 $115.27 $171.30 $227.31
78 year old male $63.30 $123.36 $183.32 $243.38
79 year old male $67.02 $130.82 $194.61 $258.39
80 year old male $72.18 $141.13 $210.08 $279.02
Premiums shown were obtained on 07-06-2021 - your rates will most likely be different.

 

Click Here for final expense insurance rates!