Final Expense

Age and benefit limits vary by carrier (commonly 45–85). Older applicants may qualify for smaller maximum benefits.

If you meet a carrier’s age requirements, getting coverage is typically straightforward. Most final expense policies don’t require a medical exam, but you’ll answer basic health questions. Based on your answers, immediate coverage may not be available.

With significant health issues, you may qualify only for a guaranteed-issue policy (no health questions or exam). These usually include a 2–3 year limited/graded benefit period before full benefits are payable.

Many term or whole life policies have higher minimum coverage amounts (often $50,000+), which can make them costlier than needed for end-of-life expenses. Final expense policies are designed for smaller amounts to keep premiums affordable.