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Final Expense Insurance

How much final expense insurance coverage do I actually need?

A common starting point is the cost of the funeral you expect in your area, plus any outstanding medical bills, credit card debt, or other obligations you'd rather not leave to family. For reference, NFDA reports 2023 national medians of $8,300 for a funeral with viewing and burial and $6,280 with cremation, and local funeral homes must provide itemized price lists under the FTC Funeral Rule.

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Key details about final expense insurance

Some people choose slightly higher coverage, like $15,000 to $20,000, to leave a small cushion for surviving family members beyond just funeral costs.

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The right number depends on your personal finances, so it helps to talk through your specific situation with an agent who can suggest a realistic coverage amount rather than guessing.

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