Does A Final Expense Insurance Policy Take Funeral Expense Out Before Paying The Beneficiary?

In a nutshell – no. The named beneficiary will receive the pre-named amount of final expense insurance cover (which was determined when you took out the policy) and then it’s up to them to distribute the funds and pay for your funeral expenses including all casket costs, funeral home costs, burial or cremation costs etc.

Funeral Coverage

If the beneficiary finds that there is any money left over then bingo, they’re in the money. The final expense insurance policy is still a life insurance policy and can be used for anything the beneficiary chooses, although these policies are taken out with the intention of covering final funeral expenses.

It is worth bearing in mind that some final expense insurance policies don’t offer an immediate pay-out, and it may be necessary to pay for the funeral expenses before the money is received and then be reimbursed. If this is not an option, some funeral homes will let you pay for the funeral costs after you have received the final expense insurance money, if there is no doubt about the death etc – as long as they’re really dead then!

Free Final Expense Insurance Rate Quote

Most people who are searching online for final expense insurance don’t realize that funeral insurance is essentially life insurance. A very inexpensive way to obtain quality final expense insurance is to get a free life insurance quote.

There is a very simple question to answer as to whether or not you need final expense insurance.

Are your loved ones worth a minute of your time?

Above, you will find our final expense insurance rate quote, which takes less than a minute to complete. This insurance quote compares up to 8 different insurance carriers for you.

Scroll, if necessary to see the “Request My Quote” submission button.

Or you can contact us if you can not see our free final expense insurance quote form (above).

Final expense insurance (aka funeral insurance) is a basic issue life insurance policy that covers people until they reach 100 years old. Final expense insurance (also known as funeral insurance) is promoted as a way to pay in advance for your funeral expenses so that your loved ones won’t have to pay for your funeral. There are many things you can do to make your death easier on the wallets of those you love. Preplanning your funeral saves money and grief, as well as deciding whether you want to be buried in a casket or cremated and put into and urn, figuring out who gets what part of your estate and all the related turmoil associated with the end of life.