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Final expense insurance can help your loved ones cover end-of-life expenses upon your passing. This type of policy often comes with a smaller death benefit and no medical exam, which can make it easier to get coverage. But before you move forward with a final expense policy, it’s a good idea to consider its pros and cons. Keep reading to learn about the advantages and disadvantages of final expense life insurance so you can make an informed decision for yourself and your family.
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Also known as burial insurance, final expense insurance is a permanent policy designed to pay for end-of-life expenses. As long as you pay your premiums, loved ones will receive a death benefit when you pass away. While it won’t be as large as the payout they might collect if they had a traditional term life or whole life policy, it should be enough to help cover final expenses, like burial costs and medical bills.1 Aflac offers final expense insurance with competitive rates.
Your beneficiaries can apply the death benefit from final expense insurance to a variety of costs, such as:
The most notable advantages of final expense insurance include:
While many life insurance plans require a medical exam, final expense insurance does not.2 When applying for final expense insurance, applicants are typically only required to answer health questions.
With final expense insurance, premiums are locked in once you get approved.3 They’ll never increase as long as your policy remains active.
Final expense insurance is flexible. Your beneficiaries can use the death benefit payout to help cover virtually any cost, like your funeral, medical bills, or even day-to-day expenses.2
Don’t wait until it’s too late. Help cover yourself and your family with coverage from Aflac.
Get StartedHere’s a look at the disadvantages of final expense insurance:
In many cases, payouts for final expense insurance range from $2,000 to $40,000.2 If you’re looking for a higher coverage amount, you may need to consider alternative options.
Depending on the insurer, your policy might have a waiting period. This means that a certain amount of time must pass before benefits are paid out.
If you’re older and not in the best health, you may notice higher premiums for final expense insurance. You might be able to find more suitable rates with another type of policy.
Before you commit to a final expense insurance policy, consider these factors:
Are you simply looking to cover your funeral and burial expenses? Do you hope to leave your loved ones with some money to help pay for end-of-life costs? If so, final expense insurance is likely a good fit.
You should also determine how much you can afford to pay for a life insurance policy. If you’d like sufficient coverage without breaking the bank, final expense insurance may be worthwhile.
If you'd like to skip the medical exam and only be required to answer some health questions, it may be smart to consider final expense insurance.
Final expense insurance can be a great way to help protect your loved ones with a small payout upon your death. They can use the funds to help pay for any final costs and other expenses while they grieve.
Aflac offers final expense insurance at reasonable rates. The application process can be completed quickly. If you are approved you can can enjoy lifetime coverage. Plus, you may also be able to customize your coverage with several riders. Discuss your options with an Aflac agent and get a quote today.
Get Started
Life insurance costs vary based on many factors. Learn how much life insurance is on average and what affects the cost to decide on a life insurance plan.
How much life insurance do you need? Learn how life insurance works, how to calculate your needs, and life insurance plans to consider.
Life insurance costs vary based on many factors. Learn how much life insurance is on average and what affects the cost to decide on a life insurance plan.
How much life insurance do you need? Learn how life insurance works, how to calculate your needs, and life insurance plans to consider.
1 Investopedia – What Is Final Expense Insurance? Updated April 23, 2025. https://www.investopedia.com/final-expense-insurance-4801018. Accessed October 24, 2025.
2 Policygenius – Best final expense insurance companies (2024). Updated October 3, 2024. https://www.policygenius.com/life-insurance/final-expense-insurance/. Accessed October 24, 2025.
3 Legal & General America – Guide to final expense insurance. https://www.lgamerica.com/life-insurance/types/final-expense. Accessed October 24, 2025.
Content within this article is provided for general informational purposes and is not provided as tax, legal, health, or financial advice for any person or for any specific situation. Employers, employees, and other individuals should contact their own advisers about their situations. For complete details, including availability and costs of Aflac insurance, please contact your local Aflac agent.
Aflac coverage is underwritten by American Family Life Assurance Company of Columbus. In New York, Aflac coverage is underwritten by American Family Life Assurance Company of New York.
Aflac life plans – A68000 series: Term Life Policies: In Arkansas, Idaho, Oklahoma, Oregon, Texas, Pennsylvania & Virginia, Policies: ICC1368200, ICC1368300, ICC1368400. In Delaware, Policies A68200, A68300 & A68400. In New York, Policies NY68200, NY68300 and NY68400. Whole Life Policies: In Arkansas, Idaho, Oklahoma, Oregon, Texas, Pennsylvania & Virginia, Policies: ICC1368100. In Delaware, Policy A68100. In New York, Policy NYR68100. B60000 series: In Arkansas, Oklahoma & Virginia, Policies: ICC18B60C10, ICC18B60100, ICC18B60200, ICC18B60300, & ICC18B60400. Not available in Delaware. Q60000 series/Whole: In Arkansas, Delaware & Oregon Policy Q60100M. In Idaho, Policy Q60100MID. In Oklahoma, Policy Q60100MOK. In Pennsylvania, Policy Q60100MPA and in Texas, Policy Q60100MTX. Not available in Virginia. Q60000 series/Term: In Arkansas, Idaho, Oklahoma, Oregon & Texas, Policy ICC18Q60200M. In Delaware, Policy Q60200M. Not available in Virginia.
Aflac Final Expense insurance coverage is underwritten by Tier One Insurance Company, a subsidiary of Aflac Incorporated and is administered by Aetna Life Insurance Company. Tier One Insurance Company is part of the Aflac family of insurers. In California, Tier One Insurance Company does business as Tier One Life Insurance Company (NAIC 92908).
In AR, DE, ID, OK and VA: Policies ICC21-AFLLBL21 and ICC21-AFLRPL21; and Riders ICC21-AFLABR22, ICC21-AFLADB22, and ICC21-AFLCDR22. Aflac Final Expense policies are not available in New York.
Coverage/plan levels may not be available in all states, including but not limited to DE, ID, NJ, NM, NY, VA or VT. Benefits/premium rates may vary based on state and plan levels. Optional riders may be available at an additional cost. Policies and riders may also contain a waiting period. Refer to the exact policy and rider forms for benefit details, definitions, limitations, and exclusions.
Aflac WWHQ | Tier One | 1932 Wynnton Road | Columbus, GA 31999
Aflac New York | 22 Corporate Woods Boulevard, Suite 2 | Albany, NY 12211
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