Final Expense in The Hoosier State

What Is Final Expense Insurance?

Final expense insurance is a tailored life policy meant to cover funeral, burial, or cremation costs. You can choose a death benefit between $2,000 and $50,000. After you pass away, this amount is given to your chosen beneficiary without restrictions. They can use any remaining funds for medical bills, debts, living expenses, and more.

Read More: (How Much Does a Funeral Cost in 2023)

Why Get Final Expense Insurance?

In Indiana, a funeral and burial average $7,685, while cremation with a funeral costs about $6,373. These costs quickly add up, starting with the basic services fee and casket. Your final expense policy’s death benefit is designed to arrive precisely when your loved ones need it, without the delays of estate distribution.

Qualifying for final expense insurance is simple – no medical exams, just a few health questions. If you answer ‘yes’ to two or more, a guaranteed issue policy is an option. While they have higher premiums, they accept everyone. Traditional policies like whole or term life can be pricey for seniors and those with health issues. Final expense offers the coverage you need without the hassle.