Plans & Rates
Final expense insurance plans are designed to cover funeral and other end-of-life costs. Coverage amounts are smaller than traditional life insurance and generally range from $5,000 up to $40,000. Premiums are influenced by your age, state, health, gender, and the coverage amount you choose.
What Affects Your Rate?
- Age: Premiums are lower when you apply earlier. Rates usually increase with age.
- Health: Final expense plans typically require only a brief health questionnaire. Serious conditions may impact eligibility and cost.
- Coverage amount: Higher benefit amounts mean higher premiums. Final expense policies usually cap benefits around $40,000.
- State: Regulations and carrier offerings vary by state.
- Gender: Women often pay slightly less than men for the same coverage and age.
Typical Cost Ranges
The average final expense policy costs between $30–$70 per month for most seniors, according to industry data【500786496154236†L258-L266】. Younger applicants in good health may qualify for $20–$50 per month, while those over age 70 or with significant health conditions may pay $70–$120 per month【500786496154236†L258-L266】. These figures are examples only and not guarantees.
Sample Monthly Rates (Non‑binding)
The table below shows estimated monthly premiums for a $10,000 final expense policy based on data from a 2024 industry study【500786496154236†L190-L207】. Your actual rate may be higher or lower.
| Age | Female Monthly Range | Male Monthly Range |
|---|---|---|
| 50 | $25 – $40 | $30 – $48 |
| 60 | $33 – $52 | $43 – $67 |
| 70 | $53 – $82 | $74 – $93 |
| 75 | $72 – $108 | $100 – $131 |
Source: Funeral Advantage final expense guide【500786496154236†L190-L207】. Rates shown assume standard health and no tobacco use.
Coverage Amounts
Many carriers offer benefit amounts starting around $5,000 and going up to $35,000–$40,000【214855343599309†L133-L166】. Some simplified issue policies average between $5,000 and $35,000, while guaranteed acceptance policies typically offer $5,000 to $25,000【214855343599309†L133-L140】. Final expense insurance is meant to cover funeral costs and small debts—not to replace income.
Important Disclosures
These examples are for educational purposes only. Actual rates and eligibility depend on individual underwriting guidelines. This is private life insurance and not a government program. Policy features and availability vary by carrier and state. Not all applicants will qualify.
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