Final Expense in Lone Star State

What Is Final Expense Insurance?

Final expense is a life insurance policy with a relatively small amount of coverage, specially sized to help pay for the costs of funerals and burial or cremation. With a final expense policy, you have the flexibility to choose a death benefit ranging from $2,000 to $50,000. This benefit will be given to your chosen beneficiary or beneficiaries once you pass away. This money comes with no restrictions, so they are free to use any remaining funds to help pay for medical bills, debts, living expenses and more.

Why Get Final Expense Insurance?

A funeral and burial cost an average of $7,685 in Texas, and cremation with a funeral costs an average of $6,373. Costs start at the basic services fee and casket, but the rest of the goods and services add up quickly. The death benefit from your final expense policy is designed to arrive exactly when your loved ones need it, without the wait for distributing your estate.

Final expense is easy to qualify for, with no medical exam and only a few health questions. If you find yourself saying “yes” to two or more of those questions, you can go with a guaranteed issue final expense policy instead. These policies have higher premiums but accept all applicants. A typical life insurance policy, such as whole life or term life, is often prohibitively expensive for seniors and those with health problems. With final expense, you get the coverage you need without the hoops to jump through.