What to Look for When You are Buying Final Expense Insurance

October 13, 2022

Share this article

Cost is important, but it’s not the whole story. Take a look at the premium, the amount you will pay each month, how long will you pay that amount? It is not uncommon to pay until you are 100 or even older. Will you be able to pay that amount each month as you age? What if you live to be 100? Will the benefit stay in place? How much will you have paid in by that time? It’s not unheard of for people to end up paying more than they will receive in death benefits.

 

Look at the coverage. How much will be paid on your death? Most policies are for a fixed amount your family will receive when you die. This is the death benefit. How soon will you be covered for the full amount? Sometimes you will need to make payments for as long as two years before you would be eligible for the full death benefit. Often the death benefit stays the same over the course of your lifetime. So, as you age and the price of funerals increases, your policy is at risk of falling short and not providing your family with enough to cover the cost of your funeral.

 

Before you sign anything, call your local funeral home. Ask for an appointment with the funeral professional who takes care of  advance funeral planning.  When you meet with this individual be straight forward. Share your financial situation. See what the funeral home has to offer.

 

Most of the time the funeral home’s funding program is a little more per month but you make payments for a much shorter period of time. So, you pay much less in the long run. If you are in good health you will most likely be covered as soon as the policy is issued. Some funeral homes even offer a cost guarantee which means you have no worries about the rising cost of funerals.

 

It’s always worth the extra time to be sure you are getting the best final expense coverage you can afford. The one that will really be there for your family when it’s needed.

 

Recent Posts

January 9, 2026
Summary: The median cost of a funeral with viewing and burial is about $8,300, according to the National Funeral Directors Association (NFDA).
December 11, 2025
Gifts that please, surprise, are useful, and don’t break the bank are hard to come by.   So, here’s one that no one will see coming. What if you could give the gift of being prepared? You can.   All you have to do is call the funeral home and get on the schedule to speak to the preneed person/advance funeral planner. Just get all your questions answered. Get a plan written and on file at the funeral home. That way everyone knows who to call, what to do, and maybe even how it’s all going to be paid for when the time comes.   Does your family need this gift? Here’s a test. When you order a pizza does everyone want the same toppings? If your family takes a bit to decide or you always order half this and half that, a funeral plan will be a terrific gift. If your family is blended, then absolutely this is a perfect gift. If yours is a second marriage, for sure they’ll all appreciate this gift one day. Even if your kids are all equally successful, agree on everything, and belong to the same church, they will still love this gift!   No one will expect your gift of a completed funeral plan. No one will need the receipt to return your gift. Your gift will not be too big, too small, too out of style, or re-gifted. It will absolutely be used someday. It will be appreciated.   www.snyderfuneralhome.com
November 6, 2025
There are a million ways to say thank you. Great or small they all have value.   Decide to always just say thank you whenever you see a person in uniform. When you see a person in uniform at the coffee shop or fast food restaurant pick up their tab if you can. At the airport trade your first class or comfort seat for their standard seat If you have a neighbor who is deployed offer to play catch with the kids or mow the lawn. Ask how you can help Send a care package by contacting Operation Gratitude Donate your old cell phone Drive a Veteran to their doctor appointments (contact the hospital services coordinator at the local VA hospital) Write a letter Volunteer at a VA hospital If you run a business hire a veteran – Hire Heroes USA Donate dollars or time to train service dogs for veterans – Patriot Paws or Puppy Jake Foundation Build a house for a veteran – Building Homes for Heroes   Big dollars or only a few dollars, lots of time or only a little time, where there is a will there is a way to say thank you to those who serve in our military.   www.snyderfuneralhome.com
October 9, 2025
The Funeral Home is the best resource for understanding veterans death benefits.
September 4, 2025
The term “green funeral” refers to ceremony, service, and body disposition that focuses on preservation of the earth. Many of those who live “green” also wish to end “green”. Just as living green is carried out in different ways and with many choices, there are also many different methods of having a green funeral. Your funeral director is your best guide to the green funeral options available in your geographic area.
August 7, 2025
“I was very surprised at my reaction. Seeing John in his casket wasn’t something I was looking forward to. His daughter (from his first marriage) really wanted an open casket.  So, I agreed. Mostly just to remain on good terms with my stepdaughter. He looked so peaceful. He had a Mona Lisa smile. I am so glad I didn’t stick to what he and I had talked about. The opportunity for that last good good-bye ended up meaning the world to me… and his daughter.”   Many long-standing funeral practices, like viewing the deceased, are undervalued today.  Perhaps we should think again? Maybe go slowly? Allow for individual family members to say goodbye in a way that is most meaningful to them.   There is a value to “seeing” the deceased. If you doubt that value think about what happens when there is a sudden, unexpected death. Body recovery is high on everyone’s list. Seeing is believing. Some family members may find an opportunity to see the deceased helpful. Some, like the woman who wrote the opening quote, may be surprised at the comfort the opportunity to see the person they love at peace brings.   The funeral director is there to guide you. Ask questions. How can we give my grandson an opportunity to see his grandfather? What if some family do not wish to see dad? Mom didn’t want an open casket but some of us would like an opportunity to see her one last time. What can we do?   Funeral directors are always willing and able to allow for individual family differences. A daughter who prefers not to view the body and grandson who would very much appreciate an opportunity for a face to face farewell. One need not exclude the other. Funeral directors have solutions. When you meet with yours, be open. Share your family’s needs and ask questions.   www.snyderfuneralhome.com
July 10, 2025
A husband and father of four dies suddenly. He languishes in the morgue at the coroner’s office for weeks because no one knows what to do and no one is empowered to act. The only thing the kids and grandchildren can agree on is that their father did not want to spend a lot of money on a funeral.
June 5, 2025
Back in the day, before embalming was wide-spread, flowers surrounded the casket and perfumed the air. Today, it is no longer necessary to have flowers scent the air. And yet, there is something comforting about the presence of flowers at a funeral.
May 1, 2025
Choose a cremation provider. Decide on a “closing” ceremony. Choose a final resting place.
April 3, 2025
Death and taxes (seemingly unlikely bed fellows at first glance) are often linked together because they have long been considered unavoidable life events. Some even say they are the only two things that are certain in life. Neither is something people typically look forward to, but they are both events that are anticipated and can be prepared for in advance.
Show More