- 690 La Sierra Dr, Sacramento, CA 95864
- andrew@defaziolife.com
Final Expense Policy
Description
Final expense insurance, also known as burial insurance or funeral insurance, is a type of whole life insurance specifically designed to cover the costs associated with end-of-life expenses. It provides a simple, affordable solution to help your loved ones avoid financial stress during an emotionally difficult time.
What It Covers:
Final expense policies typically cover:- Funeral and burial costs
- Cremation services
- Caskets, headstones, and cemetery plots
- Outstanding medical bills
- Small personal debts or legal fees
- Travel expenses for family members attending services
Key Features:
- Guaranteed Coverage Amount: Policies usually range from $2,000 to $50,000 depending on your needs and qualifications.
- Whole Life Coverage: Lifetime protection as long as premiums are paid—your rates never increase and your coverage never decreases.
- Simplified Application: No medical exam is typically required—many applicants qualify based on answers to basic health questions.
- Fixed Premiums: Your monthly payment remains the same for life, making budgeting simple.
- Cash Value Growth: Some policies build cash value over time, which can be borrowed against if needed.
Why Final Expense Insurance Is Important:
The average cost of a funeral in the U.S. ranges from $8,000 to $12,000, and many families are unprepared to cover those expenses out of pocket. Final expense insurance ensures your family isn’t burdened with unexpected costs while honoring your legacy with dignity and respect.
Who Should Consider It:
- Seniors aged 50–85 looking for affordable, lifelong coverage
- Individuals without existing life insurance or savings earmarked for final costs
- Those who want to leave a small financial gift or cover remaining bills
