Final Expense

What is Final Expense Insurance?

Final expense insurance, also known as burial insurance, is a type of life insurance that is specifically designed to cover outstanding expenses and funeral costs after a loved one passes away. Unlike pre-paid funeral plans, final expense insurance can be used by the beneficiary you designate as and where needed rather than being limited to specific funeral services and providers. With the cost of an average funeral running into the thousands, a final expense policy can provide much-needed protection from not only burial expenses but also any remaining medical costs, potential legal costs as well as other outlays.

Final expense policies will have a lower face value than most traditional term or whole life policies as they are intended for a specific purpose of covering those final costs rather than providing comprehensive support for surviving family members. These types of policies generally don’t require a medical exam, but premiums will be higher the older you are, and some benefit payouts may be limited during the first few years of coverage for those with significant health issues.

The Medicare Exchange Lakewood Lynnwood Beaverton

Tacoma Branch

6004 Westgate Blvd, Suite 120
Tacoma, WA 98406
Phone: 253-244-5520

Lynnwood Branch

19031 33rd Ave West Suite 314
Lynnwood, WA 98036
Phone: 425-678-1251