Final Expense Insurance Coverage

How to Determine What Coverage Amount You Should Take Out With Final Expense

Factors to look at

One way to determine how much coverage you need is to think about what expenses your loved ones would need to pay if you don’t have final expense insurance at all. Every person’s financial situation is different. You may have enough of your own savings to cover all your debts and funeral costs. In that case, you may only need a policy with a smaller death benefit. But on the other hand, it could be argued that the more conservative choice is to go for the policy with the largest death benefit.

Ultimately, the decision is up to you, but before you decide, make sure to review every debt, loan, etc. that can be handed down to your loved ones.

Your debts

One of the most important aspects of final expense insurance is the freedom it comes with. Despite the term being used interchangeably with “burial insurance,” it’s not limited to just covering costs for burials, cremations, or funerals. Your beneficiaries can use this to pay their own debts, which is especially helpful if they rely on you financially. 

They can also choose to spend the death benefit as they please, not necessarily using it for paying off debt. This includes vacations, a new car, or even a down payment for a house.

Overall, the death benefit provides some financial breathing room for the ones you love and care about.

Let us help you

Deciding upon an insurance policy is a major choice to make. To do it on your own can be an overwhelming task because your funeral is likely far from the only thing on your mind. You’ve got bills to think about and your family’s financial wellbeing. That’s why we are here to make this process easier with 35 years of experience under our belts. 

If you have any other questions about deciding on final expense insurance, please call us today 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.