The median cost of a funeral is $8,300.
Final Expense Whole Life Insurance can help with end-of-life costs.
Final Expense Whole Life Insurance
You can’t always control what happens to you and your family. With Aflac's Final Expense Whole Life Insurance2, you can help protect their financial security, future and peace of mind – so that money doesn’t have to be the main focus.
Final expense life insurance is a type of whole life insurance policy, but it’s typically less expensive and made to help loved ones prepare for the costs that come in the final stage of life. Surprisingly, final expenses can quickly add up to thousands of dollars. Having a final expense insurance plan can ease the financial burden and allow your family to focus on healing.
How can Final Expense Insurance help you?
Insurance Made
Made Easy
Out-of-Pocket Medical Bills:
Despite Medicare or private insurance coverage, elderly households may still face considerable financial risk from out-of-pocket health care expenses at the end of life.
Legal and Accounting Costs:
The legal proceedings referred to as probate, and related accounting fees, can be a shock to family and loved ones. Probate costs vary by state while the probate process can take months, or years.
Funeral and Burial Expenses:
A funeral can be one of your family’s largest expenses. The average cost of a funeral is $8,300.1 While many believe that cremation is a far less expensive option, data shows that the cost is only 28% less than the traditional funeral.
Final Expense Insurance Features
Competitive Rates
Final expense insurance offers competitive, fixed premiums that do not change over time.
Pays Cash Benefits
The cash benefit from final expense insurance can help cover funeral and burial costs, medical needs or anything else that will help loved ones.
No Physical Exam Needed
Final expense insurance offers competitive, fixed premiums that do not change over time.
Lifetime Coverage
Your final expense insurance coverage remains in place as long as your premiums are paid up.
Builds Cash Value
Our final expense insurance plans build cash value – a sum of money that can be used to borrow against or use it as a non-forfeiture benefit.
Payment Mode Flexibility
We offer flexible payment options or you can align your payment with your Social Security deposit.