Affordable coverage for end-of-life costs so your family does not have to worry. Simple to get, easy to understand, and designed to give you peace of mind.
Final expense insurance is a small whole life policy specifically designed to cover the costs that come at the end of life — funeral services, burial or cremation, outstanding medical bills, and other remaining debts.
Coverage amounts typically range from $5,000 to $50,000, making premiums very affordable. Most applicants do not need a medical exam — you can apply by answering a few simple health questions over the phone, and coverage can start the same day.
Unlike term life, final expense insurance never expires. Your premium stays the same for life, and your family is guaranteed to receive the benefit when the time comes.
No doctor visits, no blood work, no waiting for lab results. Most people qualify with just a few simple health questions answered by phone.
The monthly amount you pay when you sign up is the same amount you will pay for the rest of your life. No surprises, no increases.
This is permanent whole life insurance. As long as you pay your premiums, your coverage remains in force for your entire lifetime.
The death benefit is paid directly to your named beneficiary — usually within days. They can use it for any purpose, with no restrictions.
The average funeral in the United States costs $7,848 according to the National Funeral Directors Association. Final expense insurance helps your family cover these costs and more.
Casket, service, embalming, venue, flowers, transportation
Hospital bills, medications, hospice care charges
Unpaid credit card balances that pass to the estate
Probate costs, attorney fees, estate administration
Total potential costs: $15,000–$25,000+
Source: NFDA 2023 Member General Price List Study, Federal Reserve Survey of Consumer Finances
Monthly premiums for non-smokers. Your actual rate depends on age, health, and coverage amount.
| Your Age | $10,000 | $15,000 | $25,000 |
|---|---|---|---|
| Age 50 | $21/mo | $29/mo | $45/mo |
| Age 55 | $26/mo | $36/mo | $56/mo |
| Age 60 | $33/mo | $46/mo | $72/mo |
| Age 65 | $42/mo | $59/mo | $93/mo |
| Age 70 | $56/mo | $78/mo | $124/mo |
| Age 75 | $74/mo | $104/mo | $165/mo |
| Age 80 | $98/mo | $139/mo | $221/mo |
| Age 85 | $132/mo | $188/mo | $298/mo |
* Simplified issue rates for non-smokers. Guaranteed issue rates are approximately 20-30% higher. Rates are illustrative and may vary by carrier.
Best rates · Immediate full coverage
No health questions · Everyone accepted
What is a graded benefit period? With guaranteed issue, if you pass away from natural causes within the first 2–3 years, your beneficiary receives a return of all premiums paid plus interest (typically 10%) rather than the full death benefit. After the graded period ends, the full benefit is guaranteed. Accidental death is covered in full from day one.
Looking for affordable coverage designed specifically for your stage of life.
Never had life insurance or let a previous policy lapse. Final expense is an easy way to start.
Your term life expired and you need new coverage but cannot qualify for a full medical exam.
You want to make sure your family is not burdened with funeral costs during an already difficult time.
Yes, absolutely. Final expense insurance is available to applicants ages 50 through 85. At age 75, you can qualify for simplified issue coverage (with a few health questions) or guaranteed issue coverage (no health questions at all). Premiums will be higher than at younger ages, but coverage is always available.
The most affordable options are simplified issue plans with lower coverage amounts ($5,000–$10,000). A healthy 55-year-old can get $10,000 in coverage for as little as $26 per month. Shopping through Palmwood ensures you see rates from multiple carriers to find the best price.
No. Final expense insurance never requires a medical exam, blood work, or doctor visits. Simplified issue policies ask a short set of health questions by phone. Guaranteed issue policies require no health questions at all.
With simplified issue policies, the full death benefit is payable from day one for any cause of death (except suicide within the first two years). With guaranteed issue, there is a 2–3 year graded benefit period for natural causes. After that period, the full benefit is guaranteed with no exceptions.
Final expense is a small whole life policy that never expires and has a fixed premium. Term life covers you for a set period (10–30 years) and then expires. Final expense is designed for end-of-life costs with smaller amounts ($5K–$50K), while term life provides larger coverage ($100K–$2M+) for income replacement.
With simplified issue, coverage typically begins the day your first premium is paid. There is no waiting period. With guaranteed issue, full coverage begins after the graded benefit period (2–3 years). Accidental death is fully covered from day one on all policies.
Yes. Simplified issue accepts many applicants with common conditions like diabetes, high blood pressure, COPD, and heart disease. For those with more serious conditions, guaranteed issue accepts everyone ages 50–85 with no health questions asked.
Our friendly advisors are ready to help you find affordable coverage. No pressure, no obligation.