Final Expense Insurance

When someone dies, the bills arrive before the grief settles. Final expense insurance puts money in your beneficiary’s hands within days, so your family never has to pass a hat, sell something, or put a funeral on a credit card.

See what coverage costs at your age. Get your Canopy Number in about a minute.

What final expense insurance covers

Your beneficiary receives the full death benefit and spends it on whatever matters most. Most families use it for the funeral service, the burial or cremation, the headstone, the obituary, outstanding medical bills, and the credit card balances that do not disappear. Final expense policies are whole life, so your premium locks at the age you buy and the benefit never expires. You pay a level premium, and the coverage stays in force as long as you keep up the payments.

What a funeral really costs

Prices vary by state, by funeral home, and by the choices your family makes. A traditional service with viewing and burial costs far more than a direct cremation, and the cemetery plot, the headstone and the obituary charges often sit outside the funeral home’s own quote. Ask a funeral home near you for its general price list, because federal rules require them to hand you one. Then decide how much of that bill you want covered, and let the number guide the coverage amount instead of the other way around.

How much coverage people choose

Coverage runs from about $5,000 to $50,000, and most buyers land between $10,000 and $20,000. A smaller policy covers a simple service or cremation. A mid range policy covers a traditional funeral with viewing and burial in most markets. A larger policy also leaves money for final medical bills, small debts, and a cushion for your family. Because the need changes from family to family, start with a local funeral price list and then round up.

Plan for a parent, or for yourself

Two kinds of buyers arrive on this page. Adult children research a policy for a parent, and buyers between 50 and 75 shop for themselves. Both paths lead to the same questions: how much does a funeral cost where we live, how much can the family cover on its own, and which carrier approves this person at the best rate. Answer those three, and the decision gets simple.

Questions people ask before they buy

• Is final expense the same as burial insurance? Yes. Both names describe the same product, and so does the term funeral insurance.
• Will the policy pay if I die soon after buying? Most policies include a graded benefit period, which means a smaller payout during the first two years. Your agent explains the exact terms on the policy you choose.
• Does the payout go to the funeral home or to my family? Your beneficiary receives it and decides how to spend it.
• Does Social Security pay for a funeral? It pays a one time death benefit of a few hundred dollars, and most people expect far more than that.
• Can I get coverage after another company turned me down? Often yes. Carriers publish different guidelines, and guaranteed acceptance options exist for people with serious health history. We never ask health questions on this page, and your agent reviews the details with you privately.

Two ways to move forward

Start with a number, and then decide. The calculator takes about a minute, and it shows your Canopy Number on the next screen. After that, an agent compares carriers and brings you real rates for your age and your state.

Prefer to talk it through first? Call (208) 996-3578 and a licensed agent will walk you through the same questions.

Canopy Insurance Partners is licensed in Idaho, Washington, Oregon, Georgia, Tennessee, Texas, Mississippi and Arkansas. Coverage and rates depend on the carrier, your age, your health and your state. We are not affiliated with any government agency. By submitting your information you agree that we may contact you by phone, email or text about life insurance options, and you can opt out at any time.