Final Expense Insurance Coverage

What Does Final Expense Insurance Cover?

Understanding what an insurance policy will cover can play a big role in what insurance policy you choose. When it comes to planning end-of-life expenses and making sure your loved ones are financially protected, a final expense policy might be on your radar. Here are some of the costs that a final expense policy can cover for burial and cremation services.

Funeral costs

This is the common motivation for applying for a final expense insurance policy. Funerals average between $7,000-$10,000 depending on which funeral home you choose and the services you would like.

You can expect to pay such costs as:

  • Cemetery plot and headstone
  • Funeral service
  • Funeral home’s fee
  • Casket and vault
  • Wake service, which also requires paying for the funeral staff
  • Ceremony facilities
  • Minister
  • Embalming and preparing deceased’s appearance (e.g., clothing and hairstyle)
  • Hearse
  • Cremation

Based on these factors, a burial can cost up to $10,000, if not more. For cremation, the combined costs come out to $6,000 or less. 

Other debts

Not all debts are created equal. This is entirely subject to your personal finances. You may have all of your hospital bills, mortgage payments, credit card debts, and other expenses already behind you. In either case, if you have a $50,000 policy, you will have roughly $40,000 left as a death benefit after paying for a funeral, including a burial, or $44,000 left if you choose cremation. 

The key here is that while the death benefit is often intended to pay for funerals, it is technically up to your beneficiaries. If you would like the benefit to be used for something specific, ensure to discuss this with your beneficiaries and make a will.

If you have any questions

If you have any other questions about burial or cremation costs and are curious to learn more about how a final expense policy can benefit you, 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.