As a senior, planning for final expenses is one of the most important gifts you can give your family. This guide covers everything you need to know about getting protected.
Why Seniors Need Final Expense Insurance
The average funeral costs $7,000-$12,000, and 67% of Americans don't have enough savings to cover an unexpected $400 expense. That means most families are unprepared for funeral costs. Senior life insurance provides peace of mind that your final expenses won't burden your loved ones.
Coverage Options for Seniors
Simplified Issue (Ages 50-80)
Simplified issue policies offer lower premiums for seniors in relatively good health. You'll answer a few health questions, but there's no medical exam.
Guaranteed Issue (Ages 50-85)
Guaranteed issue policies accept everyone regardless of health. Perfect for seniors with diabetes, heart disease, cancer history, or other conditions.
Typical Costs for Seniors
Here's what seniors typically pay for $10,000 in coverage:
- Age 55: $25-40/month
- Age 65: $40-60/month
- Age 75: $60-90/month
- Age 85: $100-150/month
How to Choose Coverage Amount
Most seniors need $10,000-$25,000 in coverage. Consider:
- Average funeral costs in your area
- Outstanding medical bills
- Any debts you don't want family to inherit
- Legal and administrative fees
Read our full guide on choosing the right coverage amount.
The Application Process
Getting covered is simple:
- Call or request a quote online
- Answer a few questions about your health (or none for guaranteed issue)
- Choose your coverage amount
- Get approved—often the same day
- Your coverage begins immediately
Ready to protect your family? Get your free quote or call us at (888) 519-9743.
Frequently Asked Questions
What age can seniors get final expense insurance?
Final expense insurance is available for ages 50-85. Simplified issue policies typically go up to age 80, while guaranteed issue policies accept applicants through age 85.
Is final expense insurance worth it for seniors?
Yes. For a monthly premium of $30-80, you can ensure your family doesn't have to pay $7,000-$15,000 in funeral costs out of pocket. The peace of mind alone makes it worthwhile.
Ready to Get Your Free Quote?
Let our licensed agents help you find the perfect coverage for your needs.
