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Final expense insurance cost

How Much Does Final Expense Insurance Cost?

Your age, health, tobacco use, coverage amount and underwriting class all affect the price. See current market averages, then get a quote based on your actual situation.

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How old are you?

Age is the single largest factor in what final expense coverage costs.

$8,300NFDA median cost of a funeral with viewing and burial — see the full funeral cost breakdown
From $30/mo$10,000 of coverage at age 50 (women), $38 for men, 2026 market average
44%average premium jump between ages 75 and 80 — the sharpest step
Up to $50,000coverage options from $5,000, depending on the carrier — no medical exam on any plan we sell
The short answer

Final expense insurance can cost anywhere from roughly $30 to several hundred dollars a month

That is a range, not a quote. A healthy 50-year-old buying a smaller policy may pay considerably less than an 80-year-old buying the same amount of coverage. Men and women can also receive different rates, and tobacco use and health history can materially change the price.

The numbers below are market averages—not personalized quotes. Your actual premium comes from the carrier after your application and underwriting questions are considered.

Average final expense insurance rates by age

These figures provide a useful benchmark for simplified-issue final expense whole life coverage for non-tobacco applicants. They are not quotes and should not be interpreted as the price any individual will receive. Find your age, then the coverage you want.

Average monthly premium for women, non-tobacco
Age$10,000$20,000$30,000
50$30$56$76
55$36$69$89
60$42$80$105
65$50$97$129
70$64$124$167
75$87$171$229
80$125$246$327
85$155$299$460

Tobacco use typically adds 25–30% to these figures. Your age at purchase sets your rate. Source: MoneyGeek 2026 final expense rate analysis, updated August 12, 2026.

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75 → 80

The price jumps hardest between 75 and 80

Premiums rise 44% for women and 45% for men in that one step — the sharpest in the table. Premiums rise with each year of age, and the rate is locked for life on the day you are approved.

$50k → $25k

Coverage caps tighten with age

Transamerica, one of our carriers, allows up to $50,000 through age 55, $40,000 through 65, $30,000 through 75 and $25,000 through 85. Ask what is available at your age before you apply.

Pricing

What determines your final expense insurance rate?

Six things move the number. Your agent walks through each one before quoting a carrier.

Age

Age is one of the biggest factors. In general, buying earlier means a lower premium.

Coverage amount

A $20,000 policy costs more than a $10,000 policy, but the difference is not always exactly double.

Tobacco use

Tobacco use generally increases premiums.

Health

Different carriers evaluate health conditions differently. That is one reason comparing carriers matters.

Underwriting

Some policies ask health questions and others are designed for applicants who cannot qualify through traditional underwriting.

State and carrier

Available products, rates and eligibility vary by state and carrier.

Simplified issue vs. guaranteed issue: what’s the difference?

These are not two versions of the same policy. Simplified issue asks health questions and does not require a medical exam. Guaranteed issue does not ask health questions and does not require a medical exam either, but it costs more and a graded benefit may apply depending on the policy.

Most people qualify

Simplified issue

You answer a short list of health questions. No medical exam. If you qualify, you often pay less than you would on a guaranteed-issue policy.

Health questions
Yes — a short list, yes/no
Medical exam
No
Coverage
$5,000 – $50,000, depending on the carrier
Coverage starts
Day one, full benefit
Cost
Often lower than guaranteed issue when you qualify — the rates shown above
Guaranteed acceptance

Guaranteed issue

No health questions and no medical exam. Because the carrier accepts applicants regardless of health, premiums are higher and a graded death benefit may apply during the first years of coverage.

Health questions
None
Medical exam
No
Coverage
Policy-specific; graded benefits may apply
Coverage starts
Graded: full benefit typically after two years; before that most policies return the premiums paid (accidents excepted)
Cost
Typically higher than simplified issue

Many people who expect guaranteed issue turn out to qualify for simplified issue and the lower rate, so ask before assuming. See how specific health conditions affect approval.

Coverage amount

How much final expense coverage do you need?

There is no single right amount.

Start with the expenses your family would actually have to pay: funeral or cremation costs, burial expenses, final medical bills, small debts and any other immediate obligations you want the policy to help cover. See what a funeral costs for a realistic starting point.

Some families choose $10,000 or $15,000. Others need $20,000 or more. The goal is not to buy the biggest policy available. It is to choose an amount that solves the problem without creating an unnecessary premium.

See What Coverage Could Cost
A Senior Solutions agent at his desk working through a client's coverage amount

Why carrier comparison matters

The right carrier is not necessarily the one with the lowest published rate. Underwriting rules, issue ages, coverage limits and health questions differ from one company to another. Below: average monthly premium for a 50-year-old at $10,000 of coverage, where a public rate table exists.

Transamerica Simplified issue

$24 women · $31 men

Among the lowest in the analysis for both genders. Up to $50,000 through age 55.

American Amicable Group Simplified issue

$26 women · $31 men

Aflac Simplified issue

$26 women · $33 men

Coverage listed to $30,000.

Mutual of Omaha Simplified issue

Quoted by phone

New Vista whole life: Level, Graded and Modified benefit options, issue ages 50–80, Social Security draft billing.

Sentinel Security Life Simplified issue

Quoted by phone

No public rate table. A licensed agent quotes it for your age and state.

AIG Guaranteed issue

$39 women · $56 men

No health questions, graded benefit for the first two years, face amounts typically capped at $25,000. Guaranteed acceptance costs more because the carrier takes everyone, including people other carriers decline.

At a glance

Coverage
$5,000 – $50,000, by carrier
Ages
50 – 85
Medical exam
Never
Health questions
A short list — or none on guaranteed issue
Coverage starts
Day one on most plans
Your rate
Set by your age when you buy
Still have a question? Ask a licensed agent1-888-957-3337

Final expense insurance cost FAQs

How much does final expense insurance cost?

Using 2026 market averages for simplified-issue coverage, $10,000 of coverage costs about $30 a month for a 50-year-old woman and $38 for a man, rising to about $125 and $164 at age 80. Tobacco use typically adds 25–30%. These are averages, not quotes; your premium is set by the carrier after underwriting.

How much is a $10,000 final expense policy?

For a non-tobacco applicant, the 2026 market average runs from about $30 to $38 a month at age 50, $64 to $84 at 70, and $155 to $203 at 85, with women at the lower end of each range. A guaranteed-issue policy for the same amount typically costs more.

Does final expense insurance require a medical exam?

No. There is no exam, blood test or nurse visit on any final expense policy we sell. Simplified-issue policies ask a short list of yes-or-no health questions; guaranteed-issue policies ask none.

Can I get final expense insurance with diabetes?

Usually. Type 2 diabetes managed with pills is routinely approved at the standard rate. Insulin use is where carriers differ, and complications such as neuropathy or an amputation can move an applicant to a graded or guaranteed-issue policy. Because carriers draw those lines differently, comparing them matters. See how diabetes and other conditions are treated.

Can I get final expense insurance with high blood pressure?

High blood pressure controlled with medication is routinely accepted on simplified-issue policies. Uncontrolled blood pressure, or blood pressure combined with heart or kidney disease, can change the outcome at some carriers. A licensed agent can tell you which carriers accept your situation before you apply.

What is guaranteed issue life insurance?

A policy the carrier issues without health questions or medical underwriting, so approval does not depend on your health. Because the carrier accepts every eligible applicant, premiums are typically higher than simplified issue and the death benefit is usually graded for the first two years: if death occurs from natural causes in that period, most policies return the premiums paid rather than the full benefit.

What is simplified issue life insurance?

A policy issued after you answer a short list of health questions, with no medical exam. If you qualify, you receive the full death benefit from the day the policy is issued and often a lower premium than guaranteed issue. Coverage runs from $5,000 up to $50,000 depending on the carrier.

How much final expense coverage do I need?

Start with the cost of the funeral or cremation you would want, then add burial costs, final medical bills and any small debts. The NFDA median for a funeral with viewing and burial is about $8,300, and many families settle between $10,000 and $20,000. A licensed agent will work through the number with you.

Does final expense insurance have a cash value?

Final expense policies are usually whole life, and whole life policies generally build a modest cash value over time. It grows slowly and is not the reason to buy the policy; the death benefit is. Ask your agent how the specific policy you are considering handles cash value and loans.

How does the death benefit work?

When the insured dies, the carrier pays the face amount to the beneficiary named on the policy, generally as a lump sum, and the beneficiary decides how to use it. On simplified-issue policies the full benefit is in force from day one. On guaranteed-issue policies a graded benefit usually applies for the first two years.

Also looking at Medicare Advantage or ACA health insurance? Meet the agency or talk to a licensed agent.

Final expense insurance by state

Licensed in 36 states. State-specific guides are published for selected states.

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    Tell us whether you need help with Final Expense insurance, Medicare or another health coverage question. Your agent reviews the options that apply to your situation.

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Rates shown are illustrative monthly premiums for simplified-issue final expense whole life coverage, based on MoneyGeek's 2026 analysis of final expense quotes across major carriers, updated August 12, 2026. The baseline profile is a nonsmoker in average health. Rates shown are not a quote and not an offer of insurance. Your actual premium depends on your age, gender, tobacco use, health history, coverage amount, the carrier you select, and your state of residence. Coverage availability and maximum face amounts vary by carrier and by age. Call 1-888-957-3337 to speak with a licensed agent for rates specific to you.

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