How Cost-Effective Is Final Expense Insurance?

Final expense insurance is one of the most popular insurance choices among seniors contemplating what they will leave behind for their loved ones once they pass. Its pricing makes it a bargain, especially for those who have issues qualifying for other life insurance policies.

This will look into the ways that final expense is one of the most cost-effective options on the market.

Comparing costs to other policies

The best way to gain perspective is to assess the kind of policy that final expense insurance is. Final expense insurance is a form of whole life insurance, as like the category it falls into suggests, its coverage lasts a lifetime.

However, standard whole life insurance runs at a rate of $213 per month for men at age 30, and $189 per month for a woman of the same age. This is based on a policy with a death benefit on the lower end. In this case, the whole life insurance policy has a death benefit of $250,000.

While the final expense insurance death benefit does not climb past $50,000, its highest possible premiums do not even come close to the monthly rates that standard whole life policies have. For example, an 80-year-old male getting a $10,000 death benefit policy will pay roughly $126 per month. This same individual wouldn’t be able to qualify for most other life insurance policies.

Another comparison is how the two insurance companies would approach premiums for a 50-year-old individual. For the $250,000 whole life policy, a man at 50 could expect to pay $532 every month, whereas a woman of the same age would pay $421 every month. 

Final expense insurance handles this differently. 50 is the earliest qualifying age for most final expense policies, and its premiums are lower than the lowest premium for a standard whole life policy. At 50, a man would only pay $30 per month whereas a woman would be paying $25.

Premiums and the death benefit stay the same

Once you join a final expense plan, your premiums will always be the same, no matter how long you’ve had it. Other insurance policies may increase your rates throughout the time you hold your policy.

This means if you join early enough, you can be paying the same premiums at 80 as someone else at the age of 50. No other policy is like this, and this is part of why final expense insurance is so cost-effective.

And it covers just what you need it to. For these small payments, your friends and family will be able to cover your funeral costs, which are usually between $7,000 and $9,000 but can also be as high as $12,000. Without this source of funds, these figures become very overwhelming.

Get your cost-effective plan today

If you’re in need of a final expense insurance that provides you with everything you need to keep your family financially protected during a time of grieving, then reach out to Final Expense Direct today by giving us a call at 1-877-674-0236.


Final Expense Direct’s utmost concern is the safety of our clients, their families, and our employees and agents. Our hearts, thoughts, and prayers go out to all that the Coronavirus outbreak has touched and those whose lives have been disrupted. While 98% of our workforce is working remotely, we are here if you need assistance. If you are a client, please contact Customer Support at 800-538-3610, Ext 2, with any questions in regards to your policy. You may also contact us via email at We will continue to monitor this situation and keep you updated.