Final Expense Insurance: Protect Your Loved Ones from Financial Burden
Final Expense Insurance, also known as Burial Insurance or Funeral Insurance, is designed to cover end-of-life expenses, ensuring your loved ones are not left with financial stress after your passing. This affordable, easy-to-qualify-for policy provides peace of mind by covering funeral costs, medical bills, and other outstanding expenses.
At ASR Insurance Legacy, we help you secure a Final Expense Insurance policy that fits your needs and budget, so your family can focus on healing—not financial worries.
What is Final Expense Insurance?
Final Expense Insurance is a small, permanent life insurance policy that covers:
✔ Funeral and burial costs – Covers cremation, casket, plot, and service expenses.
✔ Medical bills and debts – Helps pay off remaining hospital or hospice bills.
✔ Outstanding obligations – Supports any remaining loans, bills, or credit card debt.
✔ Financial support for loved ones – Ensures your family has funds to settle affairs.
Unlike traditional life insurance, Final Expense Insurance is designed specifically to cover end-of-life costs without requiring high coverage amounts.
Benefits of Final Expense Insurance
✅ Affordable Premiums – Low-cost coverage options for all budgets.
✅ Guaranteed Acceptance – Many policies don’t require a medical exam.
✅ Fixed Premiums – Your monthly payments will never increase.
✅ Lifelong Coverage – Your policy remains in effect as long as premiums are paid.
✅ Quick Payouts – Benefits are paid directly to your beneficiary, ensuring fast access to funds.
This type of insurance ensures your family can handle final expenses with ease and without dipping into their savings.
What Does Final Expense Insurance Cover?
A Final Expense Insurance policy can help pay for:
✔ Funeral service & embalming – The average funeral costs $7,000 to $12,000.
✔ Burial or cremation expenses – Covers cemetery plot, casket, urn, or headstone.
✔ Medical bills & hospice care – Pays for outstanding hospital or nursing home costs.
✔ Legal & probate fees – Helps with lawyer fees and estate settlement.
✔ Credit card & outstanding debts – Provides funds to close accounts smoothly.
Having a policy in place prevents your loved ones from financial strain while handling your final affairs.
Types of Final Expense Insurance
We offer two main types of Final Expense Insurance:
1. Simplified Issue Final Expense Insurance
✔ No medical exam required – Just answer a few health questions.
✔ Faster approval – Get covered within days.
✔ Affordable premiums – Designed for seniors and retirees.
2. Guaranteed Issue Final Expense Insurance
✔ No health questions or medical exam – Everyone qualifies!
✔ Coverage guaranteed – Even for those with serious health conditions.
✔ Two-year waiting period – If death occurs within the first two years (excluding accidental death), only premiums plus interest are paid.
Both options provide peace of mind and financial relief to your loved ones.
Who Should Get Final Expense Insurance?
📌 Seniors & retirees – Ensure your funeral expenses are covered.
📌 Individuals with no life insurance – Provides an affordable alternative.
📌 People with health conditions – Guaranteed Issue policies ensure coverage without medical exams.
📌 Anyone who wants to ease the financial burden on loved ones.
With rising funeral costs, Final Expense Insurance is an essential part of any financial plan.
Final Expense Insurance vs. Traditional Life Insurance
| Feature | Final Expense Insurance | Traditional Life Insurance |
|---|---|---|
| Coverage Amount | $5,000 – $50,000 | $100,000+ |
| Medical Exam? | No (or minimal health questions) | Often required |
| Approval Time | Fast (same day to a few days) | Weeks to months |
| Primary Purpose | Covers funeral & end-of-life expenses | Covers income replacement & major debts |
| Best For | Seniors, retirees, and those without coverage | Younger individuals and families |
If you only need coverage for final expenses, a Final Expense Insurance policy is the perfect choice.
How Much Coverage Do You Need?
The amount of Final Expense Insurance you need depends on:
📌 Your funeral & burial costs – Typical expenses range from $7,000 to $12,000.
📌 Outstanding medical bills – Consider any hospital or hospice care debts.
📌 Other debts & estate costs – Legal fees, remaining loans, or credit card balances.
Most people choose policies between $10,000 and $25,000, ensuring all expenses are covered.
How to Get a Final Expense Insurance Policy
At ASR Insurance Legacy, we make it easy to get the protection you need:
1️⃣ Get a Free Quote – Contact us to discuss your needs.
2️⃣ Choose Your Coverage – We help you find the best policy for your budget.
3️⃣ Apply & Get Approved – Many policies offer instant approval.
4️⃣ Enjoy Peace of Mind – Your loved ones are financially protected.
Get a Free Final Expense Insurance Quote Today!
Don’t leave your family with financial burdens—plan ahead today with a Final Expense Insurance policy.