Final Expense Insurance
Simple Life Insurance to Help Cover Final Expenses
Guaranteed issue whole life insurance with no medical exam, no health questions, and coverage options designed to help protect your family from funeral costs, medical bills, and other final expenses.
Help Protect Your Family From the Cost of Your Final Expenses
Final expense insurance is a type of permanent whole life insurance designed to provide a smaller death benefit that can help loved ones pay for funeral and burial costs, medical bills, credit cards, or other expenses left behind.
For many New Yorkers, the appeal is simplicity: there is no medical exam and no lengthy health questionnaire. Eligible applicants can select a benefit amount between $5,000 and $25,000.
Why People Choose Final Expense Coverage
Who Can Apply?
In New York, this guaranteed issue final expense insurance is available to eligible applicants ages 50 through 75. In most other states, issue ages extend through age 80.
New York
Issue ages 50–75
Most Other States
Issue ages 50–80
Coverage
$5,000–$25,000
What Could Final Expense Insurance Cost?
The examples below are sample monthly premiums for New York applicants. Your exact premium will depend on age, sex, benefit amount, payment method, and policy availability.
| Age | $5,000 | $10,000 | $15,000 | $20,000 | $25,000 |
|---|---|---|---|---|---|
| 64 | $30.98 | $61.05 | $91.12 | $121.18 | $151.25 |
| 65 | $31.76 | $62.61 | $93.45 | $124.30 | $155.15 |
| 70 | $38.23 | $75.53 | $112.84 | $150.15 | $187.46 |
| 75 | $54.54 | $108.17 | $161.79 | $215.42 | $269.04 |
| Age | $5,000 | $10,000 | $15,000 | $20,000 | $25,000 |
|---|---|---|---|---|---|
| 64 | $41.07 | $81.22 | $121.37 | $161.52 | $201.67 |
| 65 | $43.04 | $85.16 | $127.28 | $169.40 | $211.52 |
| 70 | $50.05 | $99.18 | $148.32 | $197.45 | $246.59 |
| 75 | $70.22 | $139.52 | $208.82 | $278.12 | $347.42 |
Sample rates shown for illustrative purposes only and may reflect an electronic bank payment discount. Rates and product availability are subject to carrier rules and state requirements.
How the Two-Year Graded Death Benefit Works
Because this is guaranteed issue coverage, the policy includes a two-year graded death benefit period. If death occurs during the first two policy years from a non-accidental cause, the beneficiary generally receives the premiums paid plus an additional amount specified by the policy rather than the full face amount.
After the initial two-year period, the full face amount is payable for a covered death, subject to the terms, exclusions, and limitations of the policy.
Common Uses for Final Expense Benefits
Final Expense Insurance FAQs
Is this the same as burial insurance?
“Final expense insurance,” “burial insurance,” and “funeral insurance” are commonly used to describe smaller whole life insurance policies intended to help with end-of-life expenses.
Do I need a medical exam?
No. This guaranteed issue product does not require a medical exam or lengthy health questionnaire.
How much coverage can I buy?
Coverage amounts range from $5,000 to $25,000, subject to carrier and state limits.
Can I buy final expense insurance in New York?
Yes. Eligible New York residents ages 50 through 75 can apply. Coverage is also available in most other states, generally for ages 50 through 80.
Will my premium increase as I get older?
Premiums are designed to remain level as long as the policy stays in force and premiums are paid according to the policy terms.
See What Final Expense Coverage Could Cost You
Our licensed insurance agents can help you compare available final expense options and explain how the two-year graded benefit works before you apply.