The Financial Interest

How to Save Money on Final Expense Insurance

Top Ways to Save Money on Final Expense Insurance

For over 30 years, Final Expense Direct has been helping families get the most value out of their whole life and final expense insurance policies.

Based on our experience, there are 4 things to consider and understand when looking to save money on a final expense policy:

• How final expense policies are priced
• Different types of final expense policies
• What to look for in a final expense policy
• Picking the final expense insurance company that best fits your needs

Once you understand these 4, saving money on final expense insurance becomes much easier.

How Are Final Expense Policies Priced? 

The price you pay for final expense insurance depends on 3 things:

• Age
• Gender
• Your health

The younger and healthier you are, the less you pay in final expense insurance.

On the other hand, the older and more semi-serious to serious health conditions you have, the more you pay in monthly premiums for your final expense insurance policy. Simply put, poor health equals more risk for the insurance company.

Based on the pricing criteria, the best and easiest way to save on final expense insurance is to enroll as soon as possible.

This way, as you age, your premiums will not increase and over time, you save more money.

The second-best way to save on final expense insurance is to improve your health status!

Our best recommendation is to find the policy you qualify for before you apply and then check with your doctor to see if there are any lifestyle changes or habits you can change to move into a different policy category.

Different Types of Final Expense Insurance Policies?

Now that you understand how final expense insurance is priced, let’s look at the types of policies you may qualify for so you can get a better idea as to what category you’re in:

Traditional/Immediate Benefit Final Expense Insurance

Like most final expense insurance policies, this type of coverage requires no medical exam and approval is immediate.

If you’re in great health and purchase your policy at that time, you’ll likely qualify for this type of final expense insurance.

The big difference between this type of policy and other final expense insurance plans is this policy will give you the full death benefit immediately. There is no waiting period.

The prices with this form of insurance are already very affordable so there are only two ways to save money:

• Price comparison between insurance companies
• Purchase your policy as early as possible

Price comparison between insurance companies

While there are general price ranges for each policy type, every insurance company will offer a different price.

At Final Expense Direct, we help you find the lowest cost policy from the top insurance companies based on your current age, health, and gender. We represent all of the top insurance companies, so our agents are able to do the shopping for you.