How to Choose the Right Final Expense Policy for Your Needs

Introduction Choosing the right final expense insurance policy can feel overwhelming, especially with so many carriers, coverage levels, and terms to consider. But making the right choice doesn’t have to be complicated — especially with Unlimited Insurance by your side. In this blog, we’ll break down the steps to picking a policy that fits your unique situation, budget, and goals.

Step 1: Understand Your Financial Needs

The first step in selecting a policy is to determine how much coverage you actually need. Consider the following potential expenses:

• Funeral and burial costs (average: $7,000 – $12,000)

• Outstanding medical bills

• Legal or probate costs

• Credit card or utility bills

• Legacy gift or small inheritance for loved ones
  

Tip: Make a quick list of your expected final expenses. This estimate will help you decide on a realistic face amount for your policy.

Step 2: Determine Your Budget

Final expense policies are designed to be affordable, but prices can vary by age, health, gender, and carrier. To avoid overcommitting, determine what you can comfortably pay monthly.

Age	Sample Premium for $10,000 Coverage
50	$30 – $45/month
60	$40 – $60/month
70	$55 – $85/month
80	$75 – $130/month

Tip: Premiums are fixed, so the sooner you purchase, the lower your long-term cost.

Step 3: Choose Between Simplified and Guaranteed Issue

Simplified Issue policies ask basic health questions but don’t require a medical exam. If you’re in reasonably good health, this is often your best option — lower premiums and immediate or partial first-day coverage.

Guaranteed Issue policies ask no health questions and accept nearly everyone, but may come with higher premiums and graded benefits (i.e., limited coverage during the first 2 years).

Tip: If you’re unsure which you qualify for, speak to an agent at Unlimited Insurance who can help pre-qualify you in minutes.

Step 4: Evaluate the Carrier’s Reputation

Not all insurance companies are equal. Look for providers with:

• High financial strength ratings (A-rated or better)

• Quick and easy claims process

• Positive customer service reviews
  

Tip: Unlimited Insurance works with top-rated carriers only, so you're never stuck with a second-tier provider.

Step 5: Compare Policy Features and Add-Ons

Many final expense policies come with valuable add-ons or riders:

• Accelerated death benefit: Access part of the payout early if diagnosed terminally ill

• Accidental death benefit: Additional payout in case of accidental death

• Child/grandchild rider: Coverage for younger family members

• Waiver of premium: Stops premium payments if you become disabled
  

Tip: Think about your lifestyle and health risks to choose riders that add real value.

Step 6: Get Help from a Licensed Agent on your Final Expense Policy

A professional agent can simplify the decision-making process, especially when you’re comparing several options. At Unlimited Insurance, our agents:

• Explain each option in plain language

• Compare prices and features from multiple carriers

• Help complete your application quickly and accurately
  

Tip: Our agents aren’t tied to one company, so you get unbiased recommendations based on what’s best for you.

Common Mistakes to Avoid

• Waiting too long: Premiums increase with age, and your health may change.

• Overinsuring or underinsuring: Get a policy that matches your needs — no more, no less.

• Choosing based only on price: A low premium doesn’t help if the policy won’t pay when your family needs it.

• Not reviewing your policy annually: Life changes, and your insurance should keep up.
  

How Unlimited Insurance Makes It Easy

With Unlimited Insurance, you're never left to figure it out on your own. Here's what we offer:

• Multiple carriers: More choices, better fit

• Easy online application: Or apply by phone — whatever works for you

• Fast approvals: Many policies issued in 24–72 hours

• Real support from real people: No bots, no pushy sales tactics
  

Conclusion

Choosing the right final expense policy isn’t just about dollars and cents — it’s about peace of mind. When you understand your needs, compare your options, and have a trusted partner like Unlimited Insurance, you’re on the path to a smart, secure decision.

Ready to explore your options? Contact Unlimited Insurance today for a free, no-obligation quote.