What is life insurance for burial and final expenses?
Using life insurance to cover burial and final expenses is an affordable way to provide protection for yourself or a loved one in the event of death. This type of life insurance can cover the cost of funeral homes, burial expenses, medical bills, and other final expenses when you die. For example, the life insurance company pays a surviving spouse a death benefit which can be used for preparation, memorials, paying for a funeral, making arrangements for cremation, and more.
What Are Final Expenses?
Final expenses include a range of costs that arise when someone passes away:
- Funeral home services — preparation, embalming, viewing
- Burial or cremation costs
- Cemetery plot and headstone
- Memorial or celebration of life service
- Outstanding medical bills from a final illness
- Legal and probate fees
Average Funeral Cost
Term Life Insurance for Final Expenses
A relatively modest term life insurance policy — even $25,000 to $50,000 — can be more than sufficient to cover final expenses. This is often the most affordable option, particularly for younger or healthier individuals. The death benefit is generally received by the family tax-free and can be used for any purpose the beneficiary chooses.
Peace of Mind for Your Family
Getting a policy in place takes 10 minutes or less with our instant decision process. No exam required for most applicants. Get your free quote today and give your family one less thing to worry about.
