Final Expense vs. Term Life Insurance

Final expense insurance offers $5,000-$35,000 in permanent coverage with no medical exam, designed for funeral costs. Term life offers $50,000-$1,000,000+ for a set period (10-30 years), usually requires an exam, and is designed for income replacement.

Choose final expense if you're primarily concerned about funeral costs, over 50 and want guaranteed coverage, have health conditions, or want permanent coverage.

Choose term life if you need to replace income for dependents, have a mortgage or large debts, are younger and healthy, or need high coverage at low cost.

Many people have both: term life for income replacement while working, plus final expense for guaranteed funeral coverage.