Affordable Burial Insurance In West Virginia

West Virginia Final Expense Insurance

Final expense insurance is also frequently referred to as burial insurance or funeral insurance. These terms are often used interchangeably based on the provider promoting the final expense product. These names offer some clarity about the purpose of these policies; final expense insurance is primarily designed to cover costs related to funerals, burials, and other end-of-life expenses.

Final expense insurance policies in West Virginia are a type of whole life insurance. This signifies that the policy you buy will remain in effect for your entire life, as long as you keep up with the premium payments. However, it’s important to note that final expense policies aren’t intended to substitute for your income. Instead, they offer a significant increase in financial support that your family can utilize to cover your end-of-life costs.

Cost of Final Expense Insurance

The cost of final expense insurance can vary to some extent based on multiple factors like your age, gender, and overall health status. A healthy female below the age of 50 can expect to pay as low as $25 a month for coverage, whereas a male over the age of 80 could pay up to $190 per month. Both of these premiums, however, are quite cheap when compared to the cost of an average funeral in Rhode Island of $9300.